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ICAC Commissioner concludes mission to three ASEAN member countries with fruitful results

HONG KONG, May 9, 2025 /PRNewswire/ — ICAC Commissioner Mr Woo Ying-ming concluded a seven-day duty visit to three member states of the Association of Southeast Asian Nations (ASEAN), i.e., Brunei Darussalam, Singapore and Indonesia in early May. The trip further strengthened diverse anti-corruption collaboration between Hong Kong and ASEAN countries which would contribute to the integrity development in Hong Kong and Southeast Asia as well as enhance the anti-corruption capabilities across the Asia-Pacific region in a long run.


ICAC Commissioner concludes mission to three ASEAN member countries with fruitful results

Mr Woo, also serving as President of the International Association of Anti-Corruption Authorities (IAACA), commenced the duty visit in Brunei Darussalam and held a bilateral meeting with Datin Paduka Hajah Anifa Rafiza binti Haji Abdul Ghani, Director of the Anti-Corruption Bureau of Brunei Darussalam (ACB) and IAACA Executive Committee member, to exchange insights on anti-graft efforts in both regions. Earlier in January, the ICAC co-hosted a training programme with ACB to share experience in engaging young people in anti-corruption work, which was well received. This bilateral meeting further established collaboration in officers’ training and other initiatives, including the participation of ACB officials in a webinar on forensic accounting to be co-hosted by ICAC and IAACA in June.

“The meeting not only fortified the partnership between the two organisations, but also demonstrated and affirmed the outstanding achievements of IAACA’s efforts to foster international graft fighting cooperation.” Mr Woo said.

After Brunei Darussalam, the ICAC delegation flew to Singapore where Mr Woo met with Mr Sam Tee, Director of Singapore’s Corrupt Practices Investigation Bureau (CPIB). During the meeting, the delegation and CPIB established multifaceted collaborations, including mutual attachment of officers of ICAC and CPIB for exchanging practical experience and enhancing anti-corruption capabilities.

The delegation also met with the Commissioner of the Singapore Police Force (SPF) Mr Hoong Wee-teck to share views on law enforcement practices. The delegation also visited the Home Team School of Criminal Investigation, the SPF’s dedicated training unit, to learn about the latest application of technology and investigation skills.

“Hong Kong and Singapore are both Asia’s leading financial centres. As cross-boundary corruption crime has become increasingly sophisticated, timely exchanges on anti-corruption enforcement work between both places are particularly important for effectively maintaining economic stability and a clean investment environment in the region.” Mr Woo said.

The delegation then travelled to Indonesia where they met with Mr Setyo Budiyanto, Chairman of the Corruption Eradication Commission of Indonesia (KPK). The KPK had signed a Memorandum of Understanding with the ICAC in September last year, establishing a framework for anti-corruption collaboration. KPK is also the incumbent rotating Chair of the ASEAN Parties Against Corruption. At the meeting, Mr Woo proposed to strengthen collaboration on law enforcement and preventive education.

During the duty visit, the delegation also invited the three ASEAN countries to join a regional training programme in Thailand on engaging youth in anti-corruption work, which will be held jointly by the ICAC, the United Nations Office on Drugs and Crime (UNODC), IAACA, and the National Anti-Corruption Commission of Thailand in July this year.

The ICAC also took the opportunity to successfully invite the three ASEAN countries to join the “Coding4Integrity” Asian Youth Anti-Corruption Hackathon to be held in Hong Kong this September. The Hackathon, jointly hosted by the ICAC, IAACA and UNODC, aims to assemble outstanding youngsters from various countries to participate in Asia’s first-ever large-scale anti-corruption coding competition, and to enhance youngsters’ integrity awareness and their engagement in anti-graft work.

Summarizing the duty trip, Mr Woo said the delegation had managed to visit four law enforcement agencies in the three countries within a short period of time with significant outcomes. Amid the current complex geopolitical situation, fostering practical anti-corruption collaborations with ASEAN members remains the Commission’s top priority for strengthening international partnership.

During the trip, the delegation also met with the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to ASEAN Ms Hou Yanqi; the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Brunei Darussalam Mr Xiao Jianguo; the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Singapore Mr Cao Zhongming; and the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Indonesia Mr Wang Lutong respectively, to learn about local social developments, as well as the cooperation between China and ASEAN member countries.

Huawei Digital Power’s Innovative All-Scenario Grid-Forming Solutions Light Up Intersolar Europe

MUNICH, May 9, 2025 /PRNewswire/ — Intersolar Europe 2025 is being held in Munich from May 7 to 9. Huawei Digital Power is showcasing its all-scenario grid-forming Smart PV+ESS products and solutions. These cutting-edge technologies and successful business applications help accelerate the construction of new power systems and drive the global renewable energy industry toward high-quality development.


Carbon neutrality and energy transition are now global missions. This calls for the construction of new power systems so that more renewable energy can be consumed and more power electronics equipment used throughout power generation, transmission, distribution, and consumption. The new power systems integrate energy flows with information flows. Energy flows managed by information flows — known as “bit manages watt” — enable flexible dispatch, safety, reliability, and stable grid-forming control, making it essential.


In utility-scale scenarios, Huawei’s utility Smart String Grid Forming ESS offers all-scenario grid forming, cell-to-grid safety, full-lifecycle optimal investment, and full-link digitalization. It has grid-forming capabilities for all scenarios, all grid conditions, and the full lifecycle of power generation, transmission, distribution, and consumption. This means that Huawei’s Smart String Grid Forming ESS can ensure stable grid forming at full ranges of state of charge (SOC) and short circuit ratio (SCR) and at any time. It is also future-proof, supporting continuous technological evolution.

  • On the generation side, the solution can be adapted to any grid and power can be stably transmitted. The voltage, frequency, and power angle control functions and application effects are equivalent to those of synchronous condensers. The grid-forming ESS solution features simple maintenance and lower lifecycle investment.
  • On the transmission and distribution side, the solution stabilizes voltage and frequency, supports black start, and mitigates weak power supply in load centers. As the electric power market is expanding from energy and capacity markets to ancillary service markets such as reactive power and inertia services, Huawei’s Smart String Grid-Forming ESS continues evolving to meet customers’ demands. It offers one platform that is adaptable to diverse business models and supports flexible evolution.
  • On the consumption side, seamless on/off-grid switching and stable off-grid operation enable microgrids that are 100% powered by renewables.

Hierarchical control is vital for a microgrid system to achieve the optimal balance between economy and stability. Huawei’s microgrid control system carefully considers time-based control and function implementation and is divided into three layers: stable grid-forming control, efficient coordinated control, and intelligent optimized dispatching. It provides strong technical support for the low-carbon and efficient energy transition of industries such as mining.


Designed to enable sustainable operations in the commercial and industrial (C&I) scenario, Huawei’s 215 kWh Smart Hybrid Cooling ESS features proactive safety, premium quality, and higher profitability.

  • Proactive safety: Huawei proposes the concept of “Cell-to-Consumption (C2C) Dual-link Safety Architecture,” which refers to electrical and thermal link safety across cell, pack, system, and consumption. The ESS is certified by UL 9540A, VDE-AR-E 2510, and CE standards, and is the world’s first product to obtain the L3 highest safety certification (Prime safety) by TÜV Rheinland.
  • Premium quality: The ESS runs stably in extreme conditions, with no power derating at 50°C* or at an altitude of 4000 m*.
  • Higher profitability: The unique pack-level optimization has been upgraded to version 2.0, achieving 91.3%* round-trip efficiency (RTE) and 100% depth of discharge (DOD) for more usable energy throughout the lifecycle.

* For details, see the product brochure.


The newly released Home Energy Management Solution 6.0 covers green power generation and intelligent energy consumption, leading the way in green home energy. This solution includes a full range of new products, such as the residential ESS LUNA S1-7kWh. The ESS has an industry-leading long-period warranty, over 40% more usable energy than the industry average, and on-demand capacity expansion to up to 252 kWh. It can also be used in a wide range of small-sized C&I and residential scenarios. In Huawei’s residential exhibition area, visitors can experience a demonstration of the product’s reliability and high-quality under extreme conditions, including 40 cm water immersion, 5-ton pressure, wind and sand resistance, and extreme cold.

Energy transition is not only technological innovation, but also a global effort to achieve sustainable development. Huawei Digital Power will continue innovating technologies, integrate “4T” technologies (bit, watt, heat, and battery), and work with global customers and partners to accelerate the construction of new power systems through all-scenario grid-forming solutions.

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Newborn Town’s Price Target Hits HK$11, Fueled by Growth in the Global Emotional Value Market

HONG KONG, May 9, 2025 /PRNewswire/ — CITIC Securities’ research department has recently released its inaugural investment value analysis report on Newborn Town (09911.HK), initiating coverage with a “buy” rating and a target price of HK$11. The report underscores Newborn Town’s leading position in the global social entertainment industry.

The report highlights Newborn Town’s extensive operational experience overseas, particularly in the MENA region, and its successful strategy of replicating its product operations and market expansion experiences. The company’s app portfolio is now entering a “harvesting phase,” with promising growth potential ahead.

App Portfolio Fuels Robust Growth, with Replication Strategy Enhancing Competitive Edge

CITIC Securities noted that Newborn Town, a global leader in social entertainment, has achieved robust growth in recent years. ” Leveraging extensive experience in international markets, the company has effectively implemented its ‘replication’ strategy and efficiently executed its ‘app portfolio’ tactic. As a typical product-driven company, Newborn Town is now entering its ‘harvesting phase, ” the report states.

The research report emphasizes that Newborn Town has a clear and synergistic business structure spanning three key segments..

Leveraging its middle platform system, a high proportion of local employees, the growth path combining investment and R&D efforts, and the rapid iteration of AI technology, Newborn Town is able to implement its ‘replication’ strategy swiftly. This enables the company’s new products to accurately meet market demands, quickly establish a presence, and capture the first-mover advantage in the social networking markets at a relatively low cost.

According to the report, Newborn Town’s pan-audience social business has developed a healthy product hierarchy. The company currently boasts four flagship products. Its established products, MICO and YoHo contribute stable cash flow, while newer offerings, TopTop and SUGO delivered explosive growth in 2024, with revenues increasing by over 100% and 200% year-on-year respectively.

CITIC Securities forecasts that, in the short term, TopTop and SUGO are expected to achieve around 50% year-on-year revenue growth in 2025. The company is well-positioned to develop blockbuster products in the medium to long term, leveraging its proven replicability to sustain its business growth.

Newborn Town’s diverse-audience social business is rapidly expanding in global markets. According to Frost & Sullivan, the global LGBTQ+ population is projected to reach 660 million by 2026, characterized by high income, significant consumption power, and a strong demand for online social interaction. With a high barrier to entry, Newborn Town has secured a significant first-mover advantage by establishing a large and engaged user base.

CITIC Securities believes that the company’s LGBTQ+ social platform, HeeSay shows significant growth potential. With its expansion into markets such as Southeast Asia, Japan, and South Korea, coupled with its live streaming feature, HeeSay is expected to achieve even greater market penetration. CITIC Securities projects a compound annual growth rate (CAGR) of approximately 25% in revenue from 2025 to 2027.

As Newborn Town’s social business continues to strengthen, the company has successfully developed a second growth curve by expanding into innovative areas such as mobile gaming and social e-commerce. CITIC Securities believes that by strategically targeting the casual gaming sector—an untapped market with significant potential—and leveraging its innovative product designs and flexible operational strategies, Newborn Town’s merge game Alice’s Dream: Merge Games has outperformed expectations and is now generating revenue for the listed company.

Looking ahead, CITIC Securities projects that, with the accumulation of successful experience, Newborn Town will be able to launch new quality games with shorter recovery cycles, thereby creating another growth curve for the company.

CITIC Securities also pointed out the impressive performance of Newborn Town’s social e-commerce business. “There’s a growing demand for online purchases of HIV medications and sexual wellness products in China. Heer Health, an e-commerce platform focused on the ‘Internet + AIDS prevention’ scenario, has become the leading online distributor of certain HIV medications, with roughly 50% of the domestic market share. The platform drives growth through its large user base, extensive distribution channels, and rapid delivery capabilities.”

Target Price Raised to HK$11, Driven by Strong Growth Potential in the Global Emotional Value Sector

CITIC Securities sees substantial room for growth in the global social media market. According to Grand View Research, the global social networking market is projected to reach US$310.37 billion by 2030. Notably, regions such as the Middle East and Southeast Asia are recognized as high-potential markets, with low penetration rates yet strong user engagement, making them key areas for future growth.

The research report highlights that, driven by the growth of industries like oil, countries in the MENA region enjoy high per capita GDP. However, factors such as the natural environment, religious customs, and cultural norms limit offline social entertainment options, creating a significant demand for online alternatives.

With a user base that enjoys both wealth and leisure time, the market for social applications in the MENA region presents substantial growth potential. According to Verified Market Research, the Middle East media and entertainment market is projected to reach US$82 billion by 2032. Meanwhile, Southeast Asia, with its youthful, internet-savvy population and fast-improving digital infrastructure, is expected to see the GMV of digital entertainment reach US$3.4 billion by 2025.

CITIC Securities observes that Newborn Town is strategically targeting the social networking segment for strangers, a space currently lacking dominant competitors. As Generation Z becomes the dominant user group, the demand for personalized social networking experiences continues to rise, blurring the lines between social networking and entertainment.

Consequently, social products that cater to individual user preferences are likely to see higher user retention. Newborn Town has already established flagship products in live streaming, gaming, and voice chat, and is anticipated to expand further into other sub-segments in the future.

The research report highlights Newborn Town’s strong financial performance, characterized by sustained growth and robust cash flow. From 2020 to 2024, the company’s revenue increased from RMB1.18 billion to RMB 5.09 billion, representing a CAGR of 44.1%.

At the same time, the company’s profitability has significantly improved, with gross margins for its social business continuing to rise. Operating cash flow remains healthy, and the company’s cash reserves are substantial, ensuring ample resources for future expansion.

CITIC Securities has highlighted Newborn Town’s promising long-term growth, forecasting net profits of RMB 949 million, RMB1.215 billion, and RMB 1.519 billion for 2025-2027. The current price corresponds to price-to-earnings (PE) ratios of 11x, 8x, and 7x, respectively. By using both comparable valuation and discounted cash flow (DCF) methods, CITIC Securities has set a target price of HK$11 per share.

Looking ahead, with continued advancements in AI technology, expansion into emerging markets, and the growing momentum of the emotional value sector, Newborn Town well-positioned to reinforce its leadership in the global social entertainment industry. For long-term investors, the current valuation presents an attractive opportunity.

ORIGINAL MODELS FROM THOMAS & FRIENDS TO BE SOLD IN CHARITY AUCTION THIS MONTH

OVER 200 ICONIC LOTS FROM THE CLASSIC SERIES TO BE AUCTIONED ONLINE BETWEEN MAY 12 to 28, 2025, WITH PROCEEDS BENEFITTING THE NATIONAL AUTISTIC SOCIETY.

LOS ANGELES, May 9, 2025 /PRNewswire/ — In celebration of the 80th anniversary of Thomas & Friends, leading entertainment memorabilia auctioneer Propstore, in partnership with Mattel, is proud to launch a special online charity auction featuring over 200 original models, props, and production pieces from the classic Thomas & Friends television series (1984–2008).

This one-of-a-kind sale offers fans and collectors the rare opportunity to own authentic pieces from the Island of Sodor. Mattel UK will pay all NET* proceeds of all sums collected under the auction to the National Autistic Society, the UK’s leading charity that provides support, guidance, and advice for autistic people and their families.

The auction opens for registration on Friday, May 9, 2025, with bidding live online from May 12 – 28, 2025 via propstore.com.

These lots are among the top Thomas & Friends highlights:

  • Large Thomas Model – Used in Series 1 and 11, plus The Great Discovery promotional images.
  • Hank the American Engine – One of two identical models built for the last live-action series.
  • Arthur the Big Tank Engine – Includes nine interchangeable faces and original CGI tracker.
  • Elizabeth the Lorry – Used in Rusty Saves the Day, designed to interact with narrow-gauge engines.
  • Byron the Bulldozer – Complete with original remote control, faces, and driver components.
  • Fergus the Traction Engine – Features 10 faces, including one from a deleted scene.
  • Topham Hall – Home of Sir Topham Hatt, featured in Edward the Great and The Great Discovery.
  • Sir Topham Hatt – In charge of organising the North Western Railway, this model was seen in a Series 10 episode.
  • Lady Hatt – The wife of Sir Topham Hatt and also seen a Series 10 episode.

Also included in the auction are one-of-a-kind pieces signed by iconic British actors who have voiced Thomas & Friends characters throughout the years, including Olivia Colman, Eddie Redmayne, and Hugh Bonneville.

This auction is part of Mattel’s wider Thomas & Friends 80th anniversary celebration, which also includes the release of a never-before-seen 1983 pilot episode voiced by Ringo Starr. Plus, a brand-new Thomas & Friends Storytime podcast series, featuring special guests such as the family of Thomas the Tank Engine creator, Wibert Vere Awdry.     

Stephen Lane, CEO of Propstore, commented: “Thomas & Friends is part of the fabric of British television history. Propstore is honoured to handle these original production models in a charity sale that not only celebrates the 80th anniversary of this iconic franchise but also benefits the incredible work of the National Autistic Society.”

Peter Watt, Director of National Programmes at the National Autistic Society, said: “We know that Thomas & Friends is a favourite among many autistic children. We are proud of our partnership with Mattel and the Thomas & Friends brand, and want to say a big thank you for their ongoing support.

“Since 2011, our work together has been encouraging autism understanding and acceptance, and thanks to Bruno The Brake Car, the first ever autistic character on Thomas & Friends, we continue to celebrate autistic representation on our TV screens in Thomas’ 80th Anniversary year.

“Events, like this very special auction, raise funds for the vital work we do and help towards our aim of creating a society that works for autistic people. Without the support of companies like Mattel, we couldn’t do what we do. Thank you and Happy Birthday, Thomas!”

*Mattel UK will pay all NET (approx. 70%) proceeds of all sums collected under the auction to The National Autistic Society

Notes to Editors:

For further information, images and interviews please contact:
Bethany Willetts | bwilletts@blazepr.com 

Dropbox link to images (please copy and paste URL):
https://www.dropbox.com/scl/fo/n9hk5jg4xqq2t5z31t41g/AOD9-x4_x9pp1efvJbNZrjc?rlkey=b02od045mxy3gqlcjxu7673ad&dl=0
 

Please credit: Propstore and Mattel

Registration is now open at: https://propstoreauction.com/auctions/info/id/442 

About Propstore 

In 1998, Propstore founder Stephen Lane’s love for movies led him to hunt for the same props and costumes used to create his favorite films. He found that he could provide collectors with access to their most coveted pieces and establish archival standards for this new, pop-culture hybrid of fine art and memorabilia collecting—prop art.

Since 2014, Propstore has regularly hosted live auctions featuring some of the world’s greatest Entertainment Memorabilia treasures. Propstore specializes in film and television props and costumes, production materials, and artwork, as well as music memorabilia, posters, and collectible toys. Propstore also holds regular online auctions in association with many of the industry’s major production materials and has over 5,000 items available for sale via Buy Now on www.propstore.com.

Following our 2020 Queen’s Award for Enterprise in International Trade, Propstore was thrilled to receive the honor again in 2024, this time as the prestigious King’s Award for Enterprise. Widely regarded as the highest accolade for business success in the UK, the King’s Award for Enterprise recognizes British companies that have excelled in innovation, international trade, sustainable development, and promoting opportunity through social mobility.

Social Media:

Facebook: @PropStore
Twitter: @propstore_com   
Instagram/ Threads: prop_store   
YouTube: thepropstore
TikTok: @.propstore

About Mattel
Mattel is a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends, UNO®, Masters of the Universe®, Matchbox®, Monster High®, MEGA® and Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com

About the National Autistic Society: 

  • The National Autistic Society is the UK’s leading charity for autistic people.
  • We are here to transform lives, change attitudes and create a society that works for autistic people.
  • Since 1962, we have been campaigning for autistic people’s rights and providing support and advice to autistic people and their families.
  • To find out more about the charity and autism, visit www.autism.org.uk
  • Follow the National Autistic Society’s social media accounts on Facebook, Instagram, Threads, X, LinkedIn and YouTube.

About Autism 

  • Autism is a lifelong neurodivergence and disability which influences how people experience and interact with the world.
  • More than one in 100 people are autistic which means there are at least 700,000 autistic adults and children in the UK.
  • People of all ages, genders and ethnicities can be autistic. But people from marginalised groups can face more barriers to getting a diagnosis.
  • Autistic people are different from each other. They have a unique combination of characteristics with different sets of strengths and challenges.
  • Autistic people may:
    • feel things and react to them differently to non-autistic people
    • be much more or less sensitive to the five main senses: sight, sound, touch, taste and smell, and senses for balance, movement, spatial awareness and awareness of internal states
    • find socialising confusing or tiring or become overwhelmed in loud or busy places
    • have different communication styles, skills and preferences to non-autistic people
    • have intense interests
    • prefer order and routine
    • use repeated movements or actions to calm themselves or express joy
    • mask their discomfort to fit in, which can lead to mental illness.
  • Read our guidance on how to talk and write about autism.

 

Large Thomas Model - Used in Series 1 and 11.
Large Thomas Model – Used in Series 1 and 11.

 

Chubb Life Launches “Health Up” Insurance Plan to Foster a Wellness Lifestyle for the Tech-savvy Generation


HONG KONG SAR – Media OutReach Newswire – 9 May 2025 – Chubb Life Hong Kong today announced the launch of Health Up Insurance Plan (Health Up), a digital insurance plan aimed at promoting and facilitating well-being practices for individuals wishing to achieve a healthier lifestyle.

Belinda Au(middle), Mercedes Ho (Right), with Health Up Partners
Belinda Au(middle), Mercedes Ho (Right), with Health Up Partners

Health Up is designed to offer term life coverage and accidental death protection1 with a comprehensive suite of health and wellness offers to customers aged 18 to 55. The annual Premium2 of Health Up is HKD800, around HKD2.19 per day, offering exceptional value to health-conscious individuals.

Upon enrollment, customers will receive exclusive access to a wide range of health and wellness offers, provided by health product and service providers such as Comvita, Doctor’s Choice, EC Healthcare, Eu Yan Sang, JP Partners Medical, Naturo Vita, and Vita Green. These services include medical and hearing checkups, dental scaling, and the opportunity to choose supplements such as cordyceps, chicken essence, probiotics, and immune system boosters.

In addition to promoting better health through diet and exercise, Health Up provides a new approach to fostering a healthy lifestyle through allowing customers to select one health and wellness service each year, tailored to their individual wellness needs.

For the younger, tech-savvy generation seeking a convenient, simple and fast digital application experience, Health Up provides an easy application process through Chubb Life Hong Kong’s digital platform. Starting in March 2025, Chubb introduces an exclusive discount offer with MoneyBack points reward for MoneyBack App members. Members can redeem a unique promo code through the MoneyBack App and make purchases on Chubb’s Health Up webpage to enjoy the offer. As one of the largest loyalty programs “Find It. Earn It. Get MoneyBack” – HK’s most rewarding loyalty platform is at the heart of this initiative in Hong Kong, this initiative aims to enhance traffic and digitally connect our community, and offer exceptional value to health-conscious individuals. There is no requirement for a health examination or financial background check.

Belinda Au, President of Chubb Life Hong Kong and Head of North Asia, said, “We recognise the importance of a comprehensive and holistic approach to personal protection, health, and well-being in today’s environment. With Health Up’s simplicity and seamless online application process, we believe Health Up will encourage our customers to adopt lifestyles that prioritise their personal well-being, and enhance their overall health and wellness.”

To promote a lifestyle focused on preventive protection, members of our Health Up partners3 will benefit from a consistent 30% discount using a special promotion code provided by the partners. Customers are able to access the Health Up webpage via our supporting partner4 s’ channels to take advantage of limited-time 30% discounts available from now to June 30, 2025, followed by a 20% discount starting on July 1, 2025.

Health up is powered by Chubb Studio, the company’s market-leading global digital integration platform, which created a simple and seamless customer journey for Health Up customers. For more details, please visit: https://ap.studio.chubb.com/v2/hk/chubb/healthup/pweb-healthup/en-HK.

Remarks:
1 While the Policy is in force, the Company will pay the Accident Death Benefit if the Insured sustains an injury which directly and solely results in his / her death within 12 months from the date of Accident.
2 Premiums do not include the levy which is collected by the Insurance Authority. The Premium is not guaranteed, and Chubb Life reserves the right to revise or adjust the Premium according to our applicable Premium rate upon each Policy Anniversary, subject to other terms and conditions, if any, as set out in the Policy.
3 Health Up Partners include Comvita, Doctor’s Choice, EC Healthcare, Eu Yan Sang, JP Partners Medical, Naturo Vita, Vita Green.
4 Supporting Partners included ESD Life, foodpanda Hong Kong, HK01, Midland Club, Moneyback, Shopback, Sportsoho and myTV SUPER.
5 This limited-time 30% discount is applicable from April 30 to June 30, 2025. Following the promotional period, a standard 20% discount will be reinstated.

“Disclaimer: **Important Note**: Health Up Insurance Plan is an insurance product underwritten by Chubb Life Insurance Hong Kong Limited (“Chubb Life”). As Watson MoneyBack (HK) Limited (“MBHK”) is not a licensed insurance intermediary. MBHK will not advise nor arrange the purchase of any insurance plan or provide any sales support under The Offer. MBHK Program Members hereby acknowledge and agree that they should not rely on any information, recommendation or advice provided by MBHK in making a purchase decision on Chubb Life’s online platform. MBHK is not in any way holding itself out as an insurance agent nor an insurance intermediary. MBHK is not advising, negotiating, arranging, inviting, inducing or attempting to invite or induce the MB Program Members to enter into an insurance contract or to make an application for an insurance contract. MBHK is not in any way attempting to carry out any regulated activities as defined under the Insurance Ordinance (Cap. 41 of Laws of Hong Kong).”

Hashtag: #Chubb

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

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: .

Sigenergy Reaffirms Commitment to AI-Driven, User-Centric Smart Energy at Intersolar 2025

MUNICH, May 9, 2025 /PRNewswire/ — Sigenergy marked a key milestone during Intersolar 2025 with an exclusive launch event at Munich’s Brainlab Tower, reaffirming its commitment to building an AI-enhanced smart energy ecosystem. The event welcomed over 500 guests and underscored the company’s ambition to redefine the future of intelligent, user-centric energy systems.

Since its founding in 2022, Sigenergy has expanded rapidly into more than 60 countries, with strong market share gains across Europe, Africa, and Oceania in both residential and commercial segments, becoming one of the fastest growing companies in the industry.

” At Sigenergy, we believe energy systems should think, learn, and serve people,” said Tony Xu, Founder and CEO of Sigenergy. “We’re entering an era where autonomy and intelligence are not features, but fundamentals. That’s why we’re investing heavily in AI.”

One of the clearest expressions of Sigenergy’s investment in intelligence is the newly redesigned mySigen App 3.0. The app illustrates how AI is being seamlessly integrated to elevate the entire energy management experience. With features such as real-time visualized energy flows, a built-in AI assistant, and personalized usage analytics, it gives users sharper insights, smarter control, and the ability to optimize their energy usage with confidence.

Sigenergy’s customers-first philosophy is also emphasized in the event. “The smartest ideas often come from the people using our systems every day — installers, homeowners, and partners,” Xu said. “Innovation starts by listening.” By directly responding to user feedback, Sigenergy ensures that its hardware and software evolve to meet real-world needs, making them not only smarter but also easier to install, operate, and maintain.

The evening also celebrated the people behind Sigenergy’s rapid rise, with a Partner Awards Ceremony honoring top-performing distributors and installers. Their dedication and expertise have played a vital role in delivering Sigenergy’s smart energy solutions to more homes and businesses around the world.