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SuperX Announces Establishment of U.S. Subsidiary to Accelerate Global AI Strategy and Deepen Silicon Valley Collaboration

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New Silicon Valley-based entity, SuperX AI Technology USA, will serve as a hub for joint R&D, integrated solution design, and U.S. market expansion, strengthening ties with key technology partners.

SINGAPORE, Sept. 24, 2025 /PRNewswire/ — Super X AI Technology Limited (NASDAQ: SUPX) (“the Company” or “SuperX”) today announced that on September 18, 2025, it established a wholly-owned U.S. subsidiary, SuperX AI Technology USA. The new entity, incorporated in the State of Nevada, will be headquartered in Silicon Valley, California. This strategic location will position the Company within the heart of the world’s leading technology ecosystem. The U.S. subsidiary is expected to be operational by Q4 2025.

The formation of the U.S. subsidiary is a pivotal step in SuperX’s global expansion strategy and a key component of its initiative to build a worldwide network of technology partners. The Silicon Valley office will serve as a North American hub for co-innovation, allowing SuperX to work more closely with its U.S. partners on joint research, development, and the integrated design of full-stack AI solutions. This U.S. presence will complement the Company’s existing operations in Asia, creating a powerful, interconnected global framework for developing and deploying next-generation AI solutions.

The primary objectives for the U.S. subsidiary include:

  • Driving Joint Innovation through Integrated Solution Design: Creating a center for the holistic design of full-stack AI infrastructure. This U.S. hub will facilitate joint engineering efforts with partners on various critical components—including AI servers, liquid cooling systems, HVDC power solutions, and networking fabrics—ensuring they are co-optimized with software and management platforms to deliver maximum performance and efficiency as a unified solution.
  • Expanding the Global Partner Ecosystem: Leveraging the Silicon Valley presence to identify and cultivate new strategic alliances, expanding SuperX’s global network of hardware, software, and channel partners.
  • Engaging the Capital Markets: Enhancing investor relations and support to increase visibility and engagement with the U.S. community.

This strategic move underscores the Company’s commitment to building a global R&D and partnership footprint. By embedding itself within the Silicon Valley ecosystem, SuperX aims to create a more agile and responsive framework for co-developing cutting-edge, full-stack AI infrastructure solutions that are tightly integrated with the latest advancements from its partners around the world.

About Super X AI Technology Limited (NASDAQ: SUPX)

Super X AI Technology Limited is an AI infrastructure solutions provider, and through its wholly-owned subsidiaries in Singapore, SuperX Industries Pte. Ltd. and SuperX AI Pte. Ltd., offers a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, High-Voltage Direct Current (HVDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

Forward-Looking Statements:

Certain statements in this announcement are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this announcement are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended June 30, 2024, filed with the U.S. Securities and Exchange Commission (the “Commission”) on November 7, 2024, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact Information

Product Inquiries: sales@superx.sg
Investor Relation: ir@superx.sg
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Massimo Group Integrates Claude AI with Oracle NetSuite ERP to Enhance Operations and Customer Engagement

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GARLAND, Texas, Sept. 24, 2025 /PRNewswire/ — Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and boats, today announces the integration of Claude AI, developed by Anthropic, into its Oracle NetSuite enterprise resource planning (ERP) systems across all departments. This strategic initiative highlights Massimo’s commitment to working with leading technology providers in artificial intelligence and enterprise software to drive efficiency, strengthen customer engagement, and deliver long-term shareholder value.

By combining the advanced reasoning and natural language capabilities of Claude AI with the proven reliability of Oracle NetSuite ERP, Massimo is equipping its teams to operate smarter and faster. This integration is designed to streamline workflows, enhance decision-making, and optimize collaboration across sales, supply chain, finance, marketing and customer service.

“Artificial intelligence and cloud-based ERP systems are reshaping how companies compete,” said David Shan, Chief Executive Officer of Massimo Group. “By integrating Claude AI with Oracle NetSuite, we are responsibly deploying world-class tools that improve productivity, accelerate decision-making, and elevate customer experiences. This represents a major step forward in creating greater value for our investors, partners and customers.”

Through this deployment, Massimo anticipates accelerated product development cycles, improved supply chain coordination, and more responsive, personalized customer support. These advancements are expected to enhance operational performance as the Company prepares for continued growth into 2026 and beyond.

About Massimo Group (NASDAQ: MAMO)

Massimo Group is a manufacturer and distributor of powersports products. Headquartered in Texas, the company offers a full lineup of UTVs, ATVs, and mini bikes built for outdoor adventure. Massimo Group is dedicated to providing high-performance, reliable, and affordable vehicles for consumers across the United States.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” and similar expressions. These forward-looking statements are based on current expectations, beliefs, and assumptions concerning future developments and conditions and their potential effect on Massimo. There can be no assurance that future developments affecting Massimo will be those anticipated. Actual results may differ materially from those expected, estimated, or intended as a result of a variety of factors. Massimo undertakes no duty to update any forward-looking statements to conform such statements to actual results or changes in expectations.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com

512.354.7000 Office
Editor@InvestorBrandNetwork.com

 

Chubb Unveils “The Remittance Trust Trap”: Global Research Exposes Hidden Vulnerabilities Among Senders, Especially Gig Workers

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The inaugural Sender Market Vulnerability Index spotlights the financial fragility of foreign workers, and a disconnect between senders’ trust in remittance services and their actual risk

NEW YORK, Sept. 24, 2025 /PRNewswire/ — Chubb, a world leader in insurance, today announced the findings of its comprehensive global study of 3,500 international remittance senders in its ground-breaking report, “The Remittance Trust Trap: Revealing Hidden Vulnerabilities,” which uncovers critical and often overlooked risks faced by international remittance senders, particularly those in the burgeoning gig economy.

Remittances constitute the principal, and sometimes the sole, financial conduit to many individuals and families at the household level. These remittances are not simply financial transactions but vital lifelines that contribute to nutrition, healthcare, education, and financial safety nets for recipient families. Without these funds, recipients may struggle to afford essentials like food, shelter, and clothing. And beyond individual households, remittances can contribute to local economies by increasing spending power and fostering community development. 

The report highlights a significant disconnect between senders’ perceived trust in remittance services and the actual risks they encounter, as measured by the launch of research’s inaugural Sender Market Vulnerability Index (SMVI). This innovative and first-of-its-kind tool assesses the economic, social, and technological dimensions of vulnerability from remittance senders in key cross-border corridors (U.S., U.K., Spain, UAE, Singapore, Australia). More than 3,500 international remittance senders with below-median household incomes, many of whom were foreign and gig workers, were surveyed.

Key Findings from “The Remittance Trust Trap” and the survey of 3,500 remittance senders:

  • The Trust-Vulnerability Disconnect: The SMVI reveals a counterintuitive trend: senders who express high confidence in remittance services reaching their recipients securely often exhibit higher actual vulnerability. For instance, senders in the UAE show strong trust despite facing substantial underlying risks (33% in the UAE vs. 27% globally). This disconnect underscores a critical need for enhanced protection.
  • Elevated Vulnerability for Migratory and Gig Workers: Foreign and gig workers, who constitute a significant portion of remittance senders, consistently face heightened economic instability, limited social safety nets, and greater susceptibility to technological risks. Only 3% of U.S. migratory and gig workers, for example, report that they could sustain living expenses for more than three months without income.
  • Cybersecurity Concerns Offset Digital Convenience: While digital remittance channels offer unparalleled convenience, over one-third (34%) of global senders reported being victims of online fraud or cybercrime. This figure rises to 39% for foreign and gig workers in the U.S., leading many to reduce their use of digital platforms and potentially undermining financial inclusion efforts.
  • High Demand, Low Adoption for Insurance: The survey found overwhelming interest in tailored insurance products among remittance senders, with nearly nine out of 10 respondents expressing significant interest in income protection, hospital cash, accident coverage, and payment protection insurance. Despite this demand, actual adoption rates remain low, highlighting a substantial protection gap.
  • Surprising Market-Specific Vulnerabilities: The study revealed unexpected vulnerabilities in seemingly stable markets, with 55% of respondents of Australians — reiterating that the study focused on below-median household incomes — describing their financial situation as difficult. Singaporean senders expressed unusually high anxiety about job security (65% vs. 45% global average).

“The global remittance system is a lifeline for millions, yet our research exposes significant hidden vulnerabilities that demand urgent attention,” said Sean Ringsted, Chief Digital Business Officer at Chubb. “The ‘Remittance Trust Trap’ highlights that perceived security doesn’t always equate to real protection, especially for the hardworking individuals who power the gig economy. It’s a call to action for the entire ecosystem – insurers, remittance providers, and policymakers – to collaborate on building a safer, more resilient financial future for these essential global citizens.”

The report outlines clear recommendations for stakeholders:

  • For Remittance Companies and Insurers: Develop tailored insurance products (e.g., remittance theft/loss, income or personal accident protection, cyber insurance); accelerate claims response; strengthen fraud detection and data privacy; raise awareness; communicate with clarity and compassion; prioritize user financial resilience; and navigate regulation through expert partnerships.
  • For Policymakers: Promote financial inclusion and access to affordable insurance; invest in educational initiatives focusing on financial literacy and digital security.
  • For Individual Senders: Stay informed about cyber threats; use secure platforms; seek improved awareness and knowledge; and practice caution.

“Addressing these vulnerabilities is not just an economic necessity; it’s a private and public undertaking,” Ringsted added. “By innovating with accessible protection, investing in security and transparency, and empowering senders through education and reasonable regulations, we can collectively strengthen the entire system and ensure that global mobility leads to enduring opportunities for all.”

Methodology
“The Remittance Trust Trap: Revealing Hidden Vulnerabilities” is based on a survey of over 3,500 international remittance senders with below-median household incomes across the United States, United Kingdom, Spain, UAE, Singapore, and Australia from March 28 and April 10, 2025, who had sent international remittances within the past 12 months. The full research report is available at https://about.chubb.com/stories/remittance-trust-trap-revealing-hidden-vulnerabilities.html

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: www.chubb.com.

Cavendish Hydrogen contract award with PAK-PCE Stacje H2 Sp. z o.o. in Poland

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OSLO, Norway, Sept. 24, 2025 /PRNewswire/ — Cavendish Hydrogen ASA (Cavendish) (Oslo Børs ticker: CAVEN) is pleased to announce a new contract award with PAK-PCE Stacje H2 (PAK-PCE H2 Stations), a company that is part of the Polsat Plus capital group, for an upgrade of the Rybnik station in the south of Poland. The contract value is around EUR 1.3 million and will be executed by the end of Q1 2026. Cavendish will provide equipment and related installation and commissioning services.

The station has been in operation since Q3 2023 and delivered strong performance, fueled more than 7 500 vehicles, and dispensed more than 100 000 kg of hydrogen. Now, the station will be upgraded to accommodate a fleet of more than 30 buses owned and operated by the city of Rybnik.

PAK-PCE H2 has added 11 Neso buses to the local bus fleet, hence the capacity of the station needs expansion. After the upgrade project, which has added a new station module and dispenser, the station will be one of the biggest hydrogen fueling stations in Europe.

“At Cavendish, we are pleased to continue building on the already strong partnership with PAK-PCE H2 Stations. Furthermore, we are looking forward to expanding the cooperation on the existing fueling stations. To Cavendish, our cooperation serves as a testimony to having not only the market-leading product quality, but also delivering excellence in the operational period based on responsiveness and competence. Cavendish remains committed to establishing a leading position in the Polish market,” says Cavendish CEO, Robert Borin.

“Cavendish has supported PAK-PCE H2 Stations from the very beginning in building our hydrogen refueling station network in Poland, which now includes six locations. We are pleased that this collaboration continues. We believe that, thanks to our shared experience, the enhanced and innovation-driven infrastructure in Rybnik will contribute to the development of the hydrogen market and urban transport based on our Neso buses,” says CTO of PAK-PCE H2 Stations, Paweł Bujak.

For additional information, please contact:
Mirza Koristovic, Head of Investor Relations
IR@cavendishh2.com
+47 938 70 525

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Mirza Koristovic, Head of IR, Cavendish Hydrogen ASA, on September 24, 2025, 13:20 CET.

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Official Opening of the 2025 Zhejiang International Trade Exhibition (Thailand）

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BANGKOK, Sept. 24, 2025 /PRNewswire/ — On September 17th, 2025, the “2025 Zhejiang International Trade Exhibition (Thailand)” hosted by the Zhejiang Provincial Department of Commerce was officially kicked off at the prestigious IMPACT Exhibition Center in Bangkok, Thailand. At the official opening ceremony, guests of honor from Electrical and Electronics Industry Club, The Federation of Thai Industries and Ministry of Energy presided to witness this grand and momentous occasion and partook in a special VIP tour of the exhibition, setting the stage for what promises to be a landmark event in international trade. The guests of honor highly complimented products of Zhejiang Province particularly the renowned homegrown brands and fully affirmed the exceptional brand image of “quality Zhejiang goods”.

Official Opening of the 2025 Zhejiang International Trade Exhibition (Thailand）
Official Opening of the 2025 Zhejiang International Trade Exhibition (Thailand）

Zhejiang has successfully held the Zhejiang International Trade Exhibition (Thailand) in Bangkok, Thailand for three consecutive years. The exhibition highlights the competitive advantages of Zhejiang’s lighting, smart city, smart living and related industries, and perfectly aligned to the theme of “Zhejiang Made All Need”. It offers Thailand an excellent opportunity to connect with top-quality manufacturing enterprises championed from Zhejiang province. In particular, Zhejiang intelligent manufacturing brands represented by Hikvision, Tuya, Roleds, and Evermore, showcased cutting-edge innovative products in various application of smart cities, highlighting the achievement of Zhejiang’s traditional industries in the field of technology breakthrough.

In addition to the pioneering brands such as Hikvision and Dahua Technology which have already been rooted in Thailand market, in recent years, Tuya, as a unicorn enterprise in the Chinese industry, has joined hands with leading Thai companies such as SCG and T3 Technology to promote the development of smart homes in Thailand and become an ally in advancing Thailand’s IoT ecosystem.

Thailand is China’s third largest trading partner in ASEAN, and China has also been Thailand’s largest trading partner for 10 consecutive years. Since November 2022, China and Thailand have established a comprehensive strategic cooperative partnership to foster bilateral economic and trade cooperation. This year marks the auspicious 10th year anniversary of the “the Belt and Road” initiative, riding on the shared vision of deepening Sino-Thai cooperation in this new era. This milestone has accelerated economic exchange and trade development between Zhejiang and Thailand and unlocked new opportunities between both regions.

As a major economic powerhouse and a key foreign trade hub in China, Zhejiang is well-positioned to drive and benefit from this enhanced collaboration. At this exhibition, Zhejiang proudly showcase its cutting edge smart city solutions, innovative smart living products, advanced urban lighting engineering products, LED lighting, power products and many more.

The three-day exhibition is anticipated to unite over a thousand companies, including buyers and sellers, fostering enhanced business connectivity through industry forums, conferences, VIP delegations, face-to-face meetings, and other engaging opportunities. According to incomplete statistics, the number of pre-registered buyers has exceeded expectation.

In the next two days, Zhejiang enterprises will enjoy extended business network with hosted VIP buyers and visitors through multiple exhibition touchpoints including dedicated booths with products showcase and demo, face-to-face meetings at the business matching zone, and online meeting invitations with hosted VIP buyers and visitors. Exhibitors are enthusiastic and eagerly anticipating the chance to explore new business opportunities to witness the success of this exhibition.

Zhejiang International Trade Exhibition is co-located with ASEAN Light + Design Expo 2025, organized by IMPACT.

PR Newswire is one of the official media partners of ASEAN Light + Design Expo.

For more information, please contact us via LINE @aseanlight or Facebook: https://www.facebook.com/aseanlight.designexp or visit event website at https://www.aseanlightdesignexpo.com/ 

About the organizer

IMPACT Exhibition Management Co., Ltd. is the leading exhibition organiser in Thailand. We organise and manage professional trade and public exhibitions, conferences, meetings and training, working in hand with international trade associations, organisers, and corporations across a broad spectrum of industries.

MEX Exhibitions Pvt. Ltd. is an international trade show organizer with over four decades of experience in the advertising industry, more than 27 years in publishing, and 20 years in trade fair organization. The company has successfully organized over 100 exhibitions across various industries, collaborating with multiple sectors, while also publishing a range of reputable magazines and business directories. Its successful exhibitions have been staged across India, Dubai, Singapore, and Thailand.

CoinW to Showcase “Crypto Marathon Spirit” at TOKEN2049 Singapore, Marking 8 Years of Innovation

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HONG KONG, Sept. 24, 2025 /PRNewswire/ — CoinW, a leading global cryptocurrency trading platform, is proud to announce its Platinum Sponsorship of TOKEN2049 Singapore.

At TOKEN2049, CoinW will host a series of events with its “Crypto Marathon Spirit” theme. Highlights include the keynote by Chief Strategy Officer Nassar AI Achkar, the “Crypto Marathoners” Lounge at the main venue, and the official afterparty, The Afterglow, on October 2. Together, these will showcase CoinW’s eight years of technological innovation and ecosystem development, while shaping the future of crypto alongside our global partners.

“Crypto Marathoners” Lounge: Networking & Innovation Hub

On October 1–2, CoinW will host the “Crypto Marathoners” Lounge in the L5 Networking area of the TOKEN2049 main venue, offering participants a multi-dimensional experience:

  • Ecosystem Showcase – Presenting CoinW’s achievements in spot and derivatives trading, along with its ecosystem of strategic investments such as DeriW, GemW, and PropW.
  • Networking – Open spaces for participants to engage with industry peers, investors, and media, plus private areas designed for in-depth conversations with key partners.
  • Exclusive Souvenirs – Limited-edition merchandise and special 8th anniversary souvenirs will provide attendees with lasting memories of the event.

As a networking hub, the Lounge reflects CoinW’s ‘Crypto Marathon Spirit,’ bringing together innovation, collaboration, and long-term growth.

“The Afterglow” Afterparty: A Bridge for Global Partnerships

On October 2, from 7:00–11:00 PM, CoinW will host its official afterparty, The Afterglow, at the iconic Ce La Vie, Marina Bay Sands, Singapore. Designed for VIPs and core partners, the event offers an exclusive setting for industry leaders to connect beyond the conference.

Highlights:

  • Opening Insights – The CoinW team will revisit key milestones and strategic transformations over the past eight years, and share exclusive views on the future of the industry.
  • Entertainment – A diverse lineup blending music, art, and technology, with interactive elements to enhance engagement.
  • Networking – Dedicated spaces for VIPs and partners to explore collaborations.

More than a celebration, The Afterglow embodies CoinW’s “Crypto Marathon Spirit”—a commitment to building on every achievement to pave the way for new opportunities.

Keynote: Future of Trading

In addition to its ecosystem showcase and networking activities, CoinW’s Chief Strategy Officer Nassar AI Achkar will deliver a keynote speech at TOKEN2049. On October 2 at 12:45 PM, Nassar will take the stage at the MEXC Stage with a presentation titled “The Future of Trading: From Fragmented to Unified.”

With over 20 years of experience in IT, telecommunications, and blockchain, Nassar will analyze the challenges of today’s fragmented trading landscape. Drawing on CoinW’s evolution over the past eight years—from a single trading platform to a full-stack ecosystem—he will share insights on the future of integrated trading infrastructure.

Nassar commented:

“Through the ecosystem showcases, networking, and strategic sharing, our goal at TOKEN2049 is to create a true hub for global dialogue. Beyond driving innovation and business model evolution, it is equally important to build consensus around the long-term value creation represented by the ‘Crypto Marathon Spirit,’ which we believe is key to sustainable industry growth.”

CoinW TOKEN2049 Guide
CoinW TOKEN2049 Guide

The “Crypto Marathon Spirit”

CoinW likens crypto to a marathon—long-term endurance over short-term gains. Over the past eight years, CoinW has stayed true to this belief, trusted by over 15 million users across 200+ countries and regions, with daily trading volume exceeding $5 billion.

At TOKEN2049, CoinW will bring this “Crypto Marathon Spirit” to life—showcasing its commitment to innovation, long-term growth, and open collaboration under the vision of “Here for Crypto.” Together with users and partners, CoinW aims to drive the industry forward.

About CoinW

Founded in 2017, CoinW has grown into one of the world’s leading cryptocurrency asset trading platforms, serving a vast and diverse global user base. The platform offers intelligent trading services, with a daily trading volume exceeding $5 billion and a consistent top 4 ranking in Coingecko’s futures markets. With over 15 million registered users, CoinW is deeply committed to advancing wealth creation and blockchain innovation, continually enhancing its product ecosystem with innovations. Since 2022, CoinW has significantly expanded its global brand presence through international sports sponsorships, including a high-profile partnership with football legend Andrea Pirlo. In addition to its commercial growth, CoinW is actively engaged in corporate social responsibility — from donating supplies to orphanages in Africa to supporting animal welfare in Taiwan. Looking ahead, CoinW aims to promote financial inclusion on a global scale, continue leading the cryptocurrency sector, and accelerate the adoption of blockchain technology and digital assets worldwide. To learn more about CoinW, you can visit the website, and follow CoinW’s X Account, and Telegram Group.

 

Shandong to draw global attention with Confucius cultural festival

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QUFU, China, Sept. 24, 2025 /PRNewswire/ — East China’s Shandong province is the birthplace of Confucianism and one of the core origins of Chinese civilization, having cultivated the land for millennia. The belief system has deeply rooted itself in the hearts of its people, shaping their lifestyles and the nation’s values.

The Shandong Provincial People’s Government announced that on Sept 27 and 28 the 2025 International Confucius Cultural Festival will be held in Qufu, administered by Jining. It was the hometown of Confucius, who was revered as a sage living during the Spring and Autumn Period (770-476 BC) and was the founder of Confucianism.

Themed “A Vision of Confucius: A World in Harmonious Coexistence”, this year’s festival will feature three major events, including an opening ceremony with the 20th awards ceremony of the UNESCO Confucius Prize, a memorial ceremony for Confucius, and a “study tour with Confucius” tourism-themed event, all in celebration of the 2,576th birthday of the sage.

In the past two decades since the UNESCO Confucius Prize started in 2005, the prize has seen 57 excellent projects from 36 countries including South Africa, Spain and Pakistan. They’ve promoted the implementation and effectiveness of the quality education goal in the United Nation’s Sustainable Development Goals and received widespread praise and high recognition from the global education community. This is evidence enough for Confucius’ saying: “Education without distinction” — and knowledge belongs to all who seek it.

Shandong, with its rich Confucian culture heritage, has always attracted the attention of the world. The tourism-themed event to be released during the festival aims to get visitors into a richer and more immersive cultural experience, touring Shandong’s mountains and rivers, savoring Confucius’ wisdom and exploring the connotation of harmonious coexistence. Meanwhile, a series of provincial-range study tours featuring Confucian culture will be launched.

In addition, the Shandong Provincial Department of Culture and Tourism will join China Daily to host an event entitled “Global influencers explore Confucius‘ hometown in shandong” from Sept 28 to 30.

About 10 international media figures, bloggers and cultural influencers will visit Qufu, Tai’an and Zibo, exploring Confucian heritage, Taishan Mountain and the colored glaze cultures through special immersive experiences. The event will feature interactive sessions, creating diverse content to amplify Shandong’s cultural appeal and tell its stories to the world.

 

SKF redesigns Industrial organization to increase competitiveness

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GOTHENBURG, Sweden, Sept. 24, 2025 /PRNewswire/ — SKF is redesigning parts of the Industrial business to further increase its competitiveness and accelerate profitable growth. The new set-up, which will be implemented with immediate effect, will drive business synergies across the full value chain globally and simplify structures to accelerate execution regionally.

The functions Operations and Commercial excellence are combined into one which will enable a stronger alignment, governance and end-to-end execution across the full value chain. The business area Independent and Emerging Businesses will be discontinued. Its stand-alone entities will be organized in Specialized Industrial Solutions to further strengthen these strategic core businesses as they are tailored according to respective business and market needs.

“As the separation of the Automotive business is progressing, we have the opportunity to adapt our set-up for the Industrial business. This is a natural next step in our strategic journey and with clearer and more efficient structures, we will strengthen both our strategic and commercial capabilities,” says Rickard Gustafson, President and CEO.

SKF is announcing the following changes in Group Management:

Hans Landin, Senior Vice President, Group Commercial Excellence Bearings, is appointed to lead the new organization of stand-alone businesses and assume the role as President Specialized Industrial Solutions.

Joakim Landholm, Senior Vice President Group Operations & Chief Sustainability Officer, will assume the role as Senior Vice President Commercial and Operations Development.

Susanne Larsson, Senior Vice President Finance and CFO, will in addition to her current role assume the role as Chief Sustainability Officer.

Thomas Fröst, President, Independent and Emerging Businesses, will leave Group Management today but will remain in an advisory role during a transition period.

“A sharpened industrial focus will evolve our strengths and with this new organizational set-up we aim to create even more progress for our customers and for us as a company. On behalf of SKF, I would also like to thank Thomas for his valuable contribution during many years of employment in building these core businesses, and I wish him all the best for the future,” says Rickard Gustafson.

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com 

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