HONG KONG, Aug. 15, 2025 /PRNewswire/ — – GIBO Holdings Limited (“GIBO” or the “Company”), a unique and integrated AIGC animation streaming platform, today announced the date of effectiveness and the ratio of a forthcoming share consolidation of the Company’s ordinary shares.

On August 6, 2025, the Company’s shareholders voted and approved at the extraordinary general meeting a two-hundred (200)-for-one (1) share consolidation of the Company’s issued and unissued Class A ordinary shares and Class B ordinary shares, whereby every 200 authorized issued and unissued Class A ordinary shares, par value US$0.000001 each, will be consolidated into one Class A ordinary share, par value US$0.0002 each, and every 200 authorized issued and unissued Class B ordinary shares, par value US$0.000001 each, will be consolidated into one Class B ordinary share, par value US$0.0002 each. The Company anticipates that beginning with the opening of trading on August 20, 2025, the Company’s Class A ordinary shares will trade on the Nasdaq Global Market on a split-adjusted basis and will have a new CUSIP number, G38617125.

The share consolidation affects all issued and outstanding ordinary shares of the Company. In addition, the share consolidation reduces the number of Class A ordinary shares issuable upon the exercise of the Company’s warrants in proportion to the ratio of the share consolidation and causes a proportionate increase in the exercise prices of such warrants. The share consolidation affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s equity. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share.

The Company anticipates that the share consolidation will increase the market price per share of the Company’s Class A ordinary shares.

Registered shareholders holding pre-consolidated shares of the Company are not required to take any action to receive post- consolidated shares. Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the share consolidation, and will not be required to take any action in connection with the share consolidation.

About GIBO Holdings Limited

GIBO Holdings Limited is a unique and integrated AIGC animation streaming platform with extensive functionalities provided to both viewers and creators that serves a broad community of young people across Asia to create, publish, share and enjoy AI-generated animation video content. With approximately 86 million registered users and advanced AI-powered tools, GIBO seeks to revolutionize content creation and consumption through AI.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, the Company’s advantages and expected growth, the Company’s ability to source and retain talent, and the Company’s cash position, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

Contact Information

Investor Relations:
Bill Zima
ICR, Inc.
William.zima@icrinc.com 

Media Relations:
Edmond Lococo
ICR, Inc.
Edmond.Lococo@icrinc.com

TAIPEI, Aug. 15, 2025 /PRNewswire/ — As companies worldwide strive for carbon reduction and net-zero goals, HP has been advancing its sustainable supply chain. Recently, HP has collaborated with suppliers to complete a brand closed-loop recycled materials certification project, audited by TÜV Rheinland Taiwan according to international standards. This initiative sets a new benchmark for e-waste recycling while demonstrating HP’s commitment to sustainability development.

HP has been an advocate of the circular economy as early as the 1960s. The enterprise has built upon its early initiatives in recycled materials programs to sustainably achieve the brand’s long-term sustainability goals, and this year it took a significant step by launching the recycling of the brand’s IT and telecom equipment waste—such as laptops, monitors, and keyboards—into raw materials for new products. HP has also partnered with TÜV Rheinland’s team of experts in recycled materials verification to establish inspection procedures, and TÜV Rheinland has fully conducted comprehensive audits throughout the entire process, complying with ISO 14021, EN 15343, and ISO 22095 standards.

Starting from waste collection, the inspection process involves meticulous evaluation of each stage, including manual sorting, dismantling, washing, electrostatic separation, and pelletizing, ensuring traceability and strict control. Unlike conventional e-waste processing, the emphasis with this system is precise manual disassembly and detailed classification management. During recycling, HP’s discarded products are carefully dismantled piece by piece, including screws, motherboards, and plastic parts, significantly enhancing material purity and recycled rates while minimizing contamination and material loss. According to TÜV Rheinland’s evaluation, a 65% recycled rate is achieved for ABS plastic from keyboards, enabling 0.65 kg of ABS to be recovered from every kilogram of discarded keyboards. Similarly, up to 30% of high-quality recycled plastic can be extracted from HP monitor waste and repurposed for next-generation HP products. This method has proven far more efficient and sustainable than traditional whole-device shredding.

In addition to plastics, HP has pioneered closed-loop recycling for metals. For example, PCBs rich in valuable metals undergo processes such as shredding, leaching, and electrolysis, enabling the recovery of 100% recycled electrolytic copper exclusively for HP. This comparatively sustainable process efficiently extracts material with electrolysis to separate multiple metals. The method ensures high purity and recovery rates, with an average of 200 to 300 kilograms of closed-loop recycled copper obtained per ton of discarded PCBs, showcasing its exceptional efficiency and sustainability.

Bringing over 20 years of experience in recycled material verification, TÜV Rheinland provided comprehensive technical support and inspection mechanisms, ensuring transparency and traceability across the recycling system—from waste collection to the application of materials in new HP products. TÜV Rheinland conducted rigorous audits of HP’s closed-loop recycling system and material production processes, ultimately verifying five types of material.

As consumer e-waste volumes continue to grow, governments and organizations worldwide are introducing stricter recycling regulations and encouraging the incorporation of recycled materials into products. HP’s closed-loop recycling model not only boosts resource efficiency but also sets a precedent for the electronics industry, promoting advancements in resource recovery and enhancing material management. Looking ahead, HP is taking further steps toward achieving a fully circular economy, and plans to expand its certification scope and integrate more recycled materials into HP products.

Wenge Invests in Cherrypicks to Jointly Drive China’s AI Go-Global Strategy and Elevate Hong Kong’s AI Ecosystem

HONG KONG, Aug. 15, 2025 /PRNewswire/ — NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”, Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that NetDragon and its subsidiary Cherrypicks, together with Zhongke WengAI, today hosted the launch ceremony for “Leading the future with AI & mobility: NetDragon’s Cherrypicks & Zhongke WengAI’s Strategic Alliance.” The alliance aims to accelerate innovative AI applications across enterprise and education. This collaboration marks a milestone in bringing China’s core AI technologies to global markets under the lead of a Hong Kong enterprise, injecting strong momentum into Hong Kong’s AI ecosystem and reinforcing the city’s role as an innovation hub for the Greater Bay Area and the world.

Cherrypicks and Zhongke WengAI will engage in an exclusive collaboration outside Mainland China to promote AI services. Under the partnership, Cherrypicks will serve as Wenge’s sole overseas commercialization and go-to-market platform. Wenge is investing in Cherrypicks and will contribute AI technology resources to jointly develop and deploy products and solutions for overseas markets across public services, finance, healthcare, and commercial sectors. Dr. Waley Wang, Chairman of Zhongke WengAI, will join the Board of Directors of Cherrypicks to align strategic direction and technology roadmap, driving efficient execution of joint projects.

Dr. Simon Leung, Vice Chairman of NetDragon, said: “This three-party collaboration exemplifies the convergence of China’s AI ‘go-global’ strategy with Hong Kong’s innovation strengths. As a bridge between the Mainland and international markets, Cherrypicks will leverage synergies to bring leading AI technologies such as the ‘YaYi’ large language model to Hong Kong and overseas, powering smart city development and industry upgrades, and further cementing Hong Kong’s position as an international innovation hub.”

Dr. Waley Wang, Chairman and Founder of Zhongke WengAI, said: “We attach great importance to our collaboration with Cherrypicks under NetDragon. As an international gateway for innovation with a multilingual environment, Hong Kong is strategically significant for Wenge’s overseas expansion. Cherrypicks’ professional capabilities and local ecosystem network will strongly support the rollout of our AI technologies and products in global markets. We look forward to jointly enabling industry transformation with AI and delivering higher-quality intelligent services for customers worldwide.”

Mr. Kenny Chien, CEO of Cherrypicks, said: “We are honored to partner with Zhongke WengAI to bring China’s leading AI technologies and innovations to the world. By combining our strengths in AI deployment, mobile technologies, and cross-border services, we will develop intelligent products tailored to local and international needs, foster a healthy AI ecosystem in Hong Kong, and help enterprises seize new opportunities in the intelligent era.”

Zhongke WengAI is widely recognized as a technology leader in Mainland China’s AI sector. Its self-developed “YaYi” large language model and AI Scientist agent ranked first across two global AI agent benchmarks in 2025, outperforming multiple international players. Wenge’s products deliver industry-leading performance in multimodal data processing, reasoning and decision-making, and semantic understanding, and are broadly applied in finance, healthcare, and scientific research, serving nearly one thousand organizations with efficient, intelligent solutions. Incubated by the Institute of Automation of the Chinese Academy of Sciences, Wenge continues to collaborate with renowned universities and technology enterprises at home and abroad to advance AI-driven industrial innovation.

At the launch event, Wenge introduced its latest research achievement, the YaYi AI-Scientist platform for scientific research, and showcased its international flagship products and technologies. Among them, the social listening product Wisky, powered by the YaYi model and cross-modal retrieval capabilities, enables comprehensive hot-topic trend analysis, cross-modal information retrieval across the web, intelligent report generation, an intelligent radar engine, and intelligent dashboard analytics. Wisky is available via API, on-premises deployment, SaaS, and mobile experiences, allowing users to stay on top of global dynamics anytime, anywhere and helping enterprises sharpen their competitive edge in the era of mobile intelligence.

Wenge also unveiled the international version of Yoya, a multimodal (audio/video) content creation tool. Built on 33 leading multimodal capabilities—including video segmentation, image generation, video generation, video cataloging, digital humans/avatars, speech synthesis, and cross-modal retrieval—Yoya serves marketing, branding, and events use cases with agent-driven features such as one-click video creation from raw assets, multilingual video translation, image style transfer, and AI voice cloning. The tool is specially optimized for mobile, enabling users in Hong Kong and worldwide to create high-quality multimedia content on their phones and accelerating the adoption of AI mobile intelligence across creative industries.

Wenge further introduced a one-stop Agent development toolkit, offering a zero-code, enterprise-grade platform to address deployment challenges across industries. With this tool, users can rapidly build custom AI agents and leverage mobile technologies for real-time deployment and use, further strengthening Hong Kong’s position as a hub for AI mobile intelligence.

Through its partnership with Cherrypicks, Wenge will combine the strengths of both parties to build cutting-edge AI products for mobile scenarios—for example, integrating Wisky’s social listening with Yoya’s content creation capabilities—to develop mobile intelligent solutions tailored to Hong Kong’s multilingual and cross-border needs, serving a broader international client base and helping enterprises capture new opportunities in the age of intelligent mobility.

About NetDragon Websoft Holdings Limited   

NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China’s first online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless.    

Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online, and Under Oath. In the past 10 years, NetDragon has also achieved success with its online education business both domestically and globally, and its overseas education business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries.   

About Zhongke WengAI

Zhongke WengAI is a leading enterprise AI technology service provider founded in 2017. Incubated by the Institute of Automation, Chinese Academy of Sciences, the company focuses on next generation decision intelligence, achieving breakthroughs in core technologies such as multilingual understanding, cross modal semantics, and decision making in complex scenarios. The company has developed DIOS, a proprietary decision intelligence operating system, the Tianhu X Data AI data operating system, the YaYi multilingual large language model, and the Zhichuan X Agent platform driving large scale commercial adoption of general AI. The company is a domestic leader in AI for media communications, security, finance, and government affairs, and has served more than 1,000 government and enterprise clients.

The company has led or participated in multiple National Key R&D Programs and major national science and technology initiatives. Zhongke WengAI is recognized as a national level “Specialized and Sophisticated Little Giant” enterprise and has been selected to the Forbes China Top 50 AI Companies and the CCID Think Tank (under MIIT) China Top 20 AI Companies.

About Cherrypicks

Founded in 2000 and headquartered in Hong Kong, Cherrypicks is a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 777). The company focuses on innovative technologies spanning smart cities, augmented reality, artificial intelligence, e‑wallets, and smart location services, and holds a leading position in the Asia‑Pacific region. Cherrypicks’ user experiences and solutions are at the forefront of the industry, and its patented and patent‑pending products have won more than 100 local and international awards representing Hong Kong and China on global stages. The company’s early startup story was featured as a Harvard Business School case study (No. N9‑807‑106).

Cherrypicks’ world‑class mobile innovation solutions are trusted by long‑term partners across banking, insurance, F&B, retail, property management, travel, and transportation.

For investor enquiries, please contact:   

NetDragon Websoft Holdings Limited  
Ms. Maggie Zhou
Senior Director of Investor Relations  
Email: maggiezhou@nd.com.hk  / ir@netdragon.com   
Website: ir.netdragon.com     

SINGAPORE, Aug. 15, 2025 /PRNewswire/ — The SkyWork AI Technology Release Week officially kicked off on August 11. From August 11 to August 15, one new model was launched each day for five consecutive days, covering cutting-edge models for core multimodal AI scenarios.

As of now, Skywork has already launched the SkyReels-A3, Matrix-Game 2.0, Matrix-3D, Skywork UniPic 2.0, and Skywork Deep Research Agent models. On August 15, the Mureka V7.5 model was officially launched, marking the successful conclusion of the SkyWork AI Technology Release Week.

Mureka V7.5 has reached new heights in its interpretation of Chinese songs. The model demonstrates significant improvements not only in vocal timbre and instrumental techniques but also in lyric articulation and emotional expression.

First, building on its robust understanding of Chinese musical styles and elements, Mureka’s comprehension model delivers profound insights — spanning traditional folk songs, operatic pieces, classic Mandopop hits, and contemporary folk music. This deep mastery of musical diversity and cultural nuances allows the model to precisely capture and express the unique artistic essence and emotional subtleties in both interpretation and generation of Chinese music.

Second, to achieve more authentic and emotionally expressive AI-generated vocals, we have significantly enhanced our ASR technology, tailoring it to musical characteristics and establishing it as a powerful complement to our comprehension module. This technology analyzes vocal performances at a granular level, going beyond basic lyric recognition to examine performance techniques including breath control, emotional dynamics, and articulation nuances. By intelligently parsing musical phrases, detecting natural breathing points, and identifying structural pauses – while maintaining precise section recognition – it delivers synthesized vocals with unprecedented structural coherence and perceptual realism.

The captured high-resolution vocal data is fed back into the generative model, significantly enhancing the synthesized vocals’ naturalness, breath realism, and emotional expressiveness while reducing mechanical artifacts. This enables AI-generated songs to achieve human-like fluidity — particularly when reproducing the distinctive rhythmic phrasing and breath control unique to Chinese vocal music.

This unique combination of culturally-informed expertise and our song-optimized ASR technology’s granular insights constitutes our definitive competitive advantage in Chinese music generation.

Mureka V7.5 not only “understands” melodic and rhythmic production requirements but also deeply interprets and replicates the nuanced emotions and artistic expressions inherent to different cultural contexts — especially Chinese music. This capability provides a robust technical foundation for generating music that is both culturally authentic and aesthetically compelling, balancing artistic depth with lifelike realism.

For voice models, the Skywork voice team has launched MoE-TTS — the first Mixture-of-Experts-based character-descriptive text-to-speech framework.

As a novel TTS framework specialized for out-of-domain descriptions, this technology enables precise control over vocal characteristics via natural language inputs (e.g., “a crystal-clear youthful voice with magnetic vocal fry”). Despite using only open-source training data, it achieves character voice consistency on par with or superior to proprietary commercial systems.

In recent years, descriptive TTS has demonstrated significant potential across virtual assistants, audio content creation, and digital humans. However, academic research has long been constrained by scarce description datasets and poor model generalization to open-domain semantics. These limitations frequently lead to mismatched vocal outputs — particularly when interpreting figurative language such as metaphors or analogies.

The introduction of MoE-TTS presents a promising solution to this core challenge. The framework innovatively integrates a pre-trained textual large language model (LLM) with specialized speech expert modules, employing dedicated experts for each modality. Its transformer architecture incorporates novel modality routing that enables independent optimization of text and voice pathways without interference. While keeping text parameters frozen, the framework achieves efficient cross-modal alignment, thereby delivering generalization capabilities with “zero knowledge degradation.”

In comprehensive evaluations spanning both in-domain and out-of-domain description test sets, MoE-TTS was benchmarked against leading proprietary TTS models across six dimensions. Results reveal MoE-TTS’s statistically significant advantages in acoustic control metrics — particularly Stylistic Expressiveness Alignment (SEA) and Overall Alignment (OA) — with these precision gains directly explaining its superior performance in complex linguistic description matching.

The release of MoE-TTS provides academia with the first reproducible out-of-domain TTS solution while conclusively demonstrating the efficacy of modality-decoupled architectures with frozen knowledge transfer in speech synthesis. This breakthrough marks a critical step toward transitioning the industry from “closed-label control” systems to “natural language free-form control” — a paradigm shift that will redefine user experiences across digital humans, virtual assistants, and immersive content creation platforms.

MoE-TTS is currently under active iteration, with plans to integrate it into the Mureka-Speech platform as a foundational model for character voice synthesis. This will provide global developers and creators with open, efficient, and customizable descriptive speech synthesis capabilities.

Experience the all-new V7.5 Model
Unlock infinite possibilities in music creation!

Try it now: www.mureka.ai

HANOI, Vietnam, Aug. 15, 2025 /PRNewswire/ — Vantage Foundation has strengthened its commitment to child protection through Blue Dragon Children’s Foundation in Vietnam. The collaboration focuses on rescuing children from trafficking and exploitation, providing them with safety, education, and a pathway to a brighter future.

Blue Dragon is widely recognized for its holistic approach: rescuing children from danger and providing them with long-term support while preventing trafficking through education and outreach. Many at-risk youths come from rural areas seeking work in cities, where they face heightened vulnerability to traffickers’ false promises. Blue Dragon works with schools and communities to keep kids in school, teaches them to stay safe from trafficking, and empower families to protect their children.

“Traffickers prey on hope,” said Michael Brosowski, Founder of Blue Dragon. “When families are informed, that hope becomes strength, not weakness.”

During a recent visit to Blue Dragon’s center in Hanoi, Vantage Foundation volunteers connected directly with the children and staff. The team helped prepare and shared meals with children at the center, creating moments of joy, encouragement, and connection.

“These moments are a reminder that healing often begins with something as simple as a shared meal and a kind word,” said Steven Xie, Executive Director of Vantage Foundation.

Beyond rescue, Blue Dragon provides free education to homeless and underprivileged children, helping them catch up academically and reintegrate into mainstream schooling. Vantage Foundation supports the expansion of these programs, ensuring more children can access safety, education, and long-term support.

“We believe lasting change starts with dignity and opportunity,” added Steven Xie. “Blue Dragon’s holistic, human-centered approach is deeply inspiring, and we are honored to be able to make a difference.”

With this collaboration, Vantage Foundation reaffirms its commitment to protecting vulnerable children, preventing human trafficking, and building safer communities. The partnership reflects a shared vision: that every child deserves the chance to grow up free from exploitation, with the tools and opportunities to thrive.

Vantage Foundation

Vantage Foundation is an independent charitable organization launched at the McLaren Technology Centre in the UK in 2023. The foundation has partnered with organisations worldwide, including Grab Indonesia, the iREDE Foundation in Nigeria, Teach for Malaysia, and Instituto Claret in Brazil, to drive impactful social initiatives.

For more information, please visit www.vantage.foundation