LONDON, Aug. 12, 2025 /PRNewswire/ — Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited (“Elliott”), which advise funds that together have a more than 3% ownership stake in Sumitomo Realty & Development Co., Ltd. (“Sumitomo Realty” or the “Company”), making Elliott one of the Company’s largest shareholders, note last week’s announcement from the Company.

We believe the Company’s “Policy on Utilizing Fixed Assets and Leveraging Strategic Shareholdings” lacks both ambition and urgency. This policy falls short in achieving capital efficiency, enhancing shareholder returns and reducing cross shareholdings. As a result, the Company’s valuation continues to suffer.

The Company’s asset sale target of ¥200 billion represents just a small fraction of Sumitomo Realty’s total leasing portfolio and may not be completed until the 2030s. Similarly, the Company’s 10-year timeframe to divest ¥400 billion of its portfolio of strategic shareholdings is far too long. Cross shareholdings remain an immediate concern and, in our view, are a key reason for the Company’s low shareholder approval at this year’s AGM.

Sumitomo Realty must expand its ambitions and accelerate the implementation of its envisioned policy. This would unlock capital for higher-return growth projects and increased shareholder returns, helping to address the Company’s persistent undervaluation. 

We will continue to work constructively with Sumitomo Realty’s management team and engage with other shareholders to address these issues and raise the Company’s corporate value.

About Elliott
Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $72.7 billion in assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P.

Media Contacts:

London
Alice Best
Elliott Advisors (UK) Limited
T: +44 203 009 1715
abest@elliottadvisors.co.uk

Tokyo
Brett Wallbutton
Ashton Consulting
T: +81 (0) 3 5425-7220
b.wallbutton@ashton.jp 

Industry-first approach to vector database security enables Fortune 500 companies to deploy AI at scale while meeting the most rigorous compliance requirements.

REDWOOD CITY, Calif. , Aug. 12, 2025 /PRNewswire/ — Zilliz, the company behind the most popular open-source vector database Milvus, today announced a major expansion of its enterprise security and compliance capabilities, empowering organizations in even the most regulated industries to deploy AI solutions with confidence, speed, and scale.

Security and compliance concerns are the primary obstacles keeping 70% of enterprises from scaling AI beyond pilot programs. Zilliz’s enhanced safeguards directly eliminate these barriers, enabling customers to advance from pilot to production in weeks rather than months while maintaining full regulatory compliance.

“Security and compliance are not features we add at the end — they are part of our foundation,” said Charles Xie, CEO of Zilliz. “We’ve built a platform that allows enterprises to unlock the value of unstructured data with the peace of mind that their AI applications are protected by world-class security and certified compliance from the ground up.”

Meeting the Rising Bar for AI Trustworthiness

Enterprise AI adoption now hinges on trust. Zilliz treats security as a strategic capability — embedding security-by-design, privacy across jurisdictions, and resilience at scale into the core of its platform so regulated organizations can innovate without hesitation.

The comprehensive framework combines global certifications with enterprise controls built for mission-critical workloads:

• Certified Trust — SOC 2 Type II and ISO/IEC 27001:2022 certifications with continuous third-party validation ensure adherence to the highest standards for security, availability, and confidentiality.
• Global Privacy Compliance — Full GDPR compliance for EU/EEA operations, HIPAA readiness for U.S. healthcare workloads, and official EU-U.S. Data Privacy Framework certification, including UK Extension and Swiss-U.S. DPF.
• Enterprise-Grade Safeguards — AES-256 encryption at rest and TLS 1.2+ in transit; private networking options; role-based access controls (RBAC); and detailed audit logging for full operational transparency
• Guaranteed Uptime — Enterprise SLAs delivering 99.95% availability with financial penalties for non-compliance, backed by automated backup, recovery, and disaster recovery across multiple regions.
• Complete Data Sovereignty — Bring Your Own Cloud (BYOC) deployment keeps sensitive data within customer security perimeters while delivering fully managed vector database performance.

From Open Source Innovation to Enterprise-Ready AI Infrastructure

Zilliz’s commitment to secure, compliant AI builds on its heritage as the creator of Milvus, the world’s most popular open-source vector database. The same performance and scalability that have made Milvus a global standard are now paired with enterprise protections designed to meet the demands of regulated industries.

“The future of AI will be defined not only by what is possible, but by what is responsible,” added Xie. “Our customers can innovate at the speed of AI, knowing their infrastructure meets or exceeds the world’s most rigorous security and compliance benchmarks.”

For more information about Zilliz’s trust framework and security capabilities, visit https://zilliz.com/trust-center.

About Zilliz

Zilliz builds next-generation database technologies that help organizations unlock the value of unstructured data and rapidly develop AI applications. Zilliz offers a fully managed, multi-cloud vector database service powered by open-source Milvus, supporting AWS, GCP, and Azure across 20+ countries.

Headquartered in Redwood City, California, Zilliz is backed by leading investors, including Aramco’s Prosperity7 Ventures and Temasek’s Pavilion Capital.

HONG KONG, Aug. 12, 2025 /PRNewswire/ — Sino Jet has officially incorporated the Gulfstream G650ER into its charter fleet. Recognized globally as a benchmark for ultra-long-range business jets, this model will expand long-distance travel options for private jet clients, particularly satisfying the needs of intercontinental business travel.

The Gulfstream G650ER is renowned for its ultra-long-range capability of 13,890 kilometers, allowing for nonstop flights such as Beijing to New York and Singapore to London. With a maximum cruise speed of Mach 0.925, it is one of the fastest business jets in the world. The aircraft features a 15-seat cabin designed with advanced noise-reduction technology and a fully pressurized cabin system, maintaining a comfortable cabin altitude of 2,400 meters even on flights exceeding 10 hours. Since its entry into service in 2012, the G650ER has set more than 125 city-pair speed records, making it one of the most preferred aircraft for intercontinental travel among high-net-worth individuals and global business leaders.

As the operator with the largest fleet of Gulfstream G650 aircraft worldwide, Sino Jet aims to enhance its charter services by introducing this flagship model. A representative from Sino Jet commented, “The G650ER will be based in Asia and will complement our existing models, such as the G550. By leveraging the differences in cabin capacity, range efficiency, and operating costs, we can offer our clients more tailored aircraft solutions that precisely meet their needs”.

Sino Jet, headquartered in Beijing, has operational bases in over 20 cities across the globe, including key locations in China, Southeast Asia, the Middle East, North America, and Europe. The company provides a comprehensive range of services, including aircraft procurement, management, charter, ground services, business aviation terminal operations, and luxury travel, delivering business aviation solutions through “seamless integration of ground and air services” to clients worldwide. With a fleet size that has been the largest in the Asia-Pacific region for six consecutive years, Sino Jet is renowned for its commitment to the highest safety standards, its robust comprehensive service capabilities, and its innovative approach in the business aviation industry, earning it the distinction of being the World’s Leading Business Aviation Company for many years.

For queries please contact:
Sino Jet Marketing Department
Telephone: (+852) 2588 7007 / (+86 10) 8416 2637
Email: marketing@sinojet.org / marketing@sinojet.org.cn
Website: http://www.sinojet.org/