STOCKHOLM, June 18, 2026 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH ACTION WOULD BE UNLAWFUL

The subscription period in AB Electrolux (“Electrolux Group” or the “Group”) fully underwritten rights issue with preferential rights for existing shareholders (the “Rights Issue”), ended on June 16, 2026. The preliminary outcome shows that the Rights Issue has been oversubscribed. As a result of the Rights Issue, Electrolux Group will receive gross proceeds of approximately SEK 9,062 million, before deduction of transaction costs.

The preliminary outcome indicates that 530,010,351 shares, corresponding to approximately 98.0 percent of the offered shares, have been subscribed for by the exercise of subscription rights. Additionally, notification of subscription without subscription rights of 214,586,937 shares, corresponding to approximately 39.7 percent of the offered shares, have been received. In aggregate, the preliminary outcome of the Rights Issue indicates that the subscription by exercise of subscription rights and the applications for subscription without subscription rights correspond to approximately 137.6 percent of the offered shares. The Rights Issue is thus fully subscribed, and no underwriting commitments will be utilised.

As a result of the Rights Issue, Electrolux Group will receive gross proceeds of approximately SEK 9,062 million, before deduction of transaction costs. Through the Rights Issue, AB Electrolux share capital will increase by SEK 2,951,906,720, from the current SEK 1,544,601,540 to SEK 4,496,508,260 through an issuance of 540,992,636 new shares, of which 16,383,608 new Class A shares and 524,609,028 new Class B shares. After the Rights Issue, the number of shares in AB Electrolux will amount to 824,070,029 shares, of which 23,777,591 Class A shares and 800,292,438 Class B shares^[1].

Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. As confirmation of allocation of shares subscribed for without subscription rights, a transaction note will be sent on or about 23 June, 2026. Subscribed and allotted shares must be paid for in cash in accordance with the instructions in the transaction note. Nominee-registered shareholders will receive notice of allotment in accordance with the procedures of the nominee. Only those who have been allotted shares will be notified.

The final outcome of the Rights Issue is expected to be announced on 22 June, 2026. The last day of trading with Paid Subscribed Shares (Sw. betalda tecknade aktier or “BTA”) is June 29, 2026. New shares subscribed for by the exercise of subscription rights are expected to be registered with the Swedish Companies Registration Office (Sw. Bolagsverket) on 23 June, 2026 and are expected to commence trading on Nasdaq Stockholm on 1 July, 2026. Ordinary shares subscribed for without subscription rights are expected to begin trading on Nasdaq Stockholm on 1 July, 2026.

Advisors 

Morgan Stanley and SEB are acting as Joint Global Coordinators, and Deutsche Bank is acting as Co-Bookrunner. Mannheimer Swartling Advokatbyrå AB and Davis Polk & Wardwell London LLP are acting as legal advisors to Electrolux as to Swedish law and U.S. law, respectively. White & Case Advokat AB and White & Case LLP are acting as legal advisors to the Underwriters as to Swedish law and U.S. law, respectively. 

Important notice 

This press release and the information herein is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa or any other state or jurisdiction in which publication, release or distribution would be unlawful or where such action would require additional prospectuses, filings or other measures in addition to those required under Swedish law. 

The press release is for informational purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy or acquire, or subscribe for, any of the securities mentioned herein (collectively, the “Securities”) or any other financial instruments in AB Electrolux. Any offer in respect of any securities in connection with the Rights Issue will only be made through the prospectus that AB Electrolux published on May 28, 2026 on www.electroluxgroup.com. Any offer will not be made to, and application forms will not be approved from, subscribers (including shareholders), or persons acting on behalf of subscribers, in any jurisdiction where applications for such subscription would contravene applicable laws or regulations, or would require additional prospectuses, filings, or other measures in addition to those required under Swedish law. Measures in violation of the restrictions may constitute a breach of relevant securities laws. 

None of the Securities have been or will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction in the United States, and may not be offered, pledged, sold, delivered or otherwise transferred, directly or indirectly, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable other securities laws. There will not be any public offering of any of the Securities in the United States. 

In the United Kingdom, this press release is directed only at, and communicated only to, persons who are “qualified investors” (as defined in paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024) who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) are high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Any person in the United Kingdom that is not a Relevant Person should not act or rely on the information included in this press release or use it as basis for taking any action. In the United Kingdom, any investment or investment activity that this press release relates is available only to, and will be engaged in only with, Relevant Persons. 

This press release contains forward-looking statements that reflect AB Electrolux current view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “estimate” and other expressions involving indications or predictions regarding future development or trends, not based on historical facts, identify forward-looking statements and reflect AB Electrolux beliefs and expectations and involve a number of risks, uncertainties and assumptions which could cause actual events and performance to differ materially from any expected future events or performance expressed or implied by the forward-looking statement. The information contained in this press release is subject to change without notice and, except as required by applicable law, AB Electrolux does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it and nor does it intend to. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. As a result of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual future events or otherwise.

^[1] Also encompasses conversion of 797,821 class A shares into class B shares carried out during June 2026 upon request by shareholder in accordance with the conversion clause in AB Electrolux Articles of Association.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, +46 73 025 1005

Maria Åkerhielm, Investor Relations Manager, +46 70 796 3856

Henry Sjölin, Investor Relations Manager, +46 76 863 51 85

Electrolux Group Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/electrolux-group-announces-the-preliminary-outcome-of-the-oversubscribed-rights-issue,c4365216

The following files are available for download:

Independent consultations with four leading law firms establish FranklinWH products qualify for federal clean energy tax credits

SAN JOSE, Calif., June 18, 2026 /PRNewswire/ — FranklinWH announced that independent legal consultations support the eligibility of its aPower 2 and aPower S residential battery systems for federal clean energy tax credits under Foreign Entity of Concern, or FEOC, rules established by the One Big Beautiful Bill Act. This follows consultations with four law firms ranked by Chambers and Legal 500 for expertise in tax, corporate governance and regulatory compliance. The legal consultations support FranklinWH’s ongoing commitment to tax credit eligibility for installers, developers and financing partners deploying its systems across the United States.

FranklinWH engaged Cleary Gottlieb Steen and Hamilton, Norton Rose Fulbright, Sidley Austin and Hogan Lovells for legal consultations on different aspects of OBBBA compliance, covering criteria including FranklinWH’s corporate structure, supply agreements, intellectual property, effective controls, among others, to help confirm that FranklinWH’s U.S. manufacturing and sales entities fall outside the prohibited foreign entity definition established by the OBBBA.

Section 48E investment tax credits are claimed at the project level, and eligibility depends in part on whether deployed systems meet FEOC requirements. As those requirements tighten on an annual schedule through the end of the decade, the compliance status of installed products is an important factor in project economics.

FranklinWH has been aligning its corporate governance and operations with federal compliance requirements as the FEOC framework has developed.

“FranklinWH is built for the long term, and so is our commitment to the U.S. market. This announcement reflects the kind of company we set out to build from day one, and we are proud to keep showing up for our partners and the homeowners we serve,” said Gary Lam, CEO and co-founder of FranklinWH.

The FEOC provisions restrict federal incentive eligibility for products and companies with certain foreign ownership or supply-chain ties. FranklinWH said its products meet applicable thresholds for 2026 and 2027.

“Trust with our partners matters to us, and one way we build that trust is by being transparent,” said Vincent Ambrose, Chief Commercial Officer of FranklinWH. “Financing partners and their legal teams are welcome to review our compliance information, and we will continue to keep it current as the rules around this continue to take shape.”

FranklinWH is now moving forward with market adoption of its aPower 2 and aPower S systems under its FEOC compliance framework, available through authorized installation partners. The systems scale from 15 to 225 kilowatt-hours and are deployed in homes across the United States, providing whole-home backup power and energy resilience while operating in more than 25 utility-managed virtual power plant (VPP) programs.

Eligible product configurations and additional information about FranklinWH’s FEOC compliance framework are available at franklinwh.com.

About FranklinWH

FranklinWH Energy Storage is the manufacturer of the FranklinWH System, a next-generation home energy management and storage solution. Headquartered in the San Francisco Bay Area, FranklinWH’s team brings decades of experience across energy system design, manufacturing, sales and installation. The company is AVL-listed with multiple financial institutions and continues to empower homeowners to achieve true energy freedom. Learn more at franklinwh.com.

Media Contact: media@franklinwh.com

Announces signing of definitive agreement to acquire Canduct, a leading manufacturer of transformer insulation kits and components

ZURICH, June 17, 2026 /PRNewswire/ — Hitachi Energy, a global leader in electrification, today announced a major expansion of its North American transformer insulation business through signing a definitive agreement to acquire Canduct Group. The investment addresses a critical bottleneck in the region’s transformer supply chain by expanding the company’s North America regional insulation and components capabilities, strengthening resilience, and accelerating the delivery of essential grid infrastructure.

Hitachi Energy’s acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is a leading manufacturer of transformer insulation kits and components, serving original equipment manufacturers (OEM) and repair companies across the U.S. and Canada. Founded in 1982, the company has supplied high-quality transformer insulation solutions to Hitachi Energy for over two decades. By integrating Canduct’s operations and more than 300 employees, Hitachi Energy will expand its capabilities to deliver critical transformer components needed to support the unprecedented growth in electricity demand.

“Hitachi Energy is strengthening its leadership in transformer insulation through this strategic expansion in North America,” said Bruno Melles, CEO of Business Unit Transformers, Hitachi Energy. “By acquiring Canduct Group, we are expanding regional capabilities, strengthening supply chains for insulation kits and components, and supporting the growing demand for electrification across the region.”

For over a century, Hitachi Energy has been a trusted supplier for transformer insulation and components to OEMs and distributors of power and distribution transformers worldwide. As essential components of power infrastructure, transformers and their components, including bushings, tap-changers, insulation materials and accessories play a critical role in ensuring the safe and reliable operation of electricity networks. 

About Hitachi Energy
Hitachi Energy is a global leader in electrification, powering the electricity era to meet the energy demands of today, and the next 25 years. As the energy arm of Hitachi Group, over three billion people depend on our pioneering, mission-critical technologies to power their daily lives. With over a century of innovation, we are addressing the most urgent energy challenge of our time: driving the evolution of the world’s energy system to ensure abundant, secure, affordable, and sustainable power for today’s generation and the next. With an unparalleled installed base in over 140 countries, we are the grid ecosystem partner across the utility, industry, data center, and transportation sectors. Headquartered in Switzerland, we employ over 56,000 people in 60 countries and generate revenues of around $20 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://x.com/HitachiEnergy

About Hitachi, Ltd.
Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates worldwide across four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.

PARIS and NEW YORK and LONDON, June 17, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE”) (NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc. (NYSE: HKD), announces that TGE’s Board of Directors has approved a share repurchase program under which TGE may repurchase up to US$10 million of its ordinary shares.

TGE’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. TGE’s board of directors may review the share repurchase program periodically and may authorize adjustment of its terms and size. TGE expects to fund the repurchases out of its existing cash balance.

Upon completion of several hotel acquisitions, TGE’s total asset value of approximately US$1.7 billion, represent a 17.7% increase over the audited total asset value as of December 31, 2025. Its net assets are expected to approximate US$971 million, a 15.8% increase over the audited year-end net asset value. 

The Board believes that TGE’s shares are drastically undervalued, given that current share prices are trading at a significant discount relative to net asset and total asset values per share.

The new share repurchase program is intended to enhance shareholder value and demonstrate the Board’s confidence in TGE’s long‑term prospects, asset strengths, and robust capital position. 

Concurrently, TGE announced that its controlling shareholder, AMTD Digital Inc., directors, and management team have voluntarily agreed not to sell any of their TGE shares for two years from the date of this announcement, further reinforcing their long‑term commitment to and confidence in TGE.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

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

About AMTD Digital Inc.

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

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,””anticipates,” “aims,” “future,” “intends,” “plans,” “believes,””estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

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

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

At a Pre-Money Valuation of ₹44,914 Crore (C$6.6 Billion) 

INR 3,000 Crore (C$441 Million) of the Proceeds to Be Used to Form a Joint Venture

HYDERABAD, India, June 17, 2026 /PRNewswire/ — CtrlS Datacenters Ltd. today announced a strategic partnership with Canada Pension Plan Investment Board (CPP Investments). CPP Investments will invest up to INR 7,000 crore (C$1 billion) to help fund CtrlS’ upcoming growth in India’s fast-growing digital infrastructure sector.

As part of the partnership, CPP Investments will invest INR 4,000 crore (C$588 million) to acquire an 8.2% stake in CtrlS, signalling confidence in the company’s market leadership, operational excellence, and long-term growth plans. In addition, CPP Investments and CtrlS will form a joint venture to develop hyperscale datacenter campuses across India. CPP Investments has committed up to INR 3,000 crore (C$441 million) to the joint venture and will hold 48% equity ownership, with CtrlS owning 52%.

The partnership aims to speed up the development of next-generation datacenter infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India’s rapidly expanding digital economy.

Commenting on the partnership, Sridhar Pinnapureddy, Founder & CEO, CtrlS Datacenters, said, “India’s AI moment is not on the horizon, it is already here. The demand signals from hyperscalers, cloud service providers, and enterprises are clear and unmistakable. Over the years, CtrlS has focused on reliability, sustainability, and long-term growth. Our partnership with CPP Investments reinforces these values. Together, we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets.”

Sridhar added, “This investment reflects the confidence global investors have in CtrlS’ leadership position, execution capabilities, and the significant opportunity ahead.”

“As one of the world’s fastest growing digital markets, India represents an important pillar of our global datacenter strategy,” said Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments. “Demand for datacenter infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand. This partnership with CtrlS positions us to scale high-quality infrastructure and deliver long-term value for CPP contributors and beneficiaries.”

Biagosch added, “This investment builds on more than a decade of investing in India and the strength of our local platform. With an established presence on the ground, we continue to focus on investing alongside high-quality partners such as CtrlS and executing with discipline over the long term.”

Since making its first direct investment in 2017, CPP Investments has actively invested in the global datacenter sector, building a diversified portfolio of datacenter assets and joint ventures across major international hubs, including Asia Pacific. CPP Investments made its first investment in India in 2009 and opened its Mumbai office in 2015. As of March 31, 2026, CPP Investments held over INR 1,850 billion (C$27 billion) in net assets in India, making it one of the country’s largest international institutional investors.

The partnership reinforces CtrlS’ leadership in India’s digital infrastructure sector and supports its near-term strategy of building sustainable, world-class datacenter campuses across India. As AI and cloud adoption grow, CtrlS is committed to providing scalable, resilient, and future-ready infrastructure for India’s next phase of growth.

About CtrlS Datacenters

CtrlS Datacenters Ltd., founded in 2007, operates 19 datacenters across nine key markets in India with over 370 MW of capacity and a 4.4 GW of projects at various stages of execution. The company is developing the next generation of AI-ready and hyperscale infrastructure to support India’s rapidly growing digital economy while continuing to lead the adoption of renewable energy and sustainable datacenter practices. CtrlS has also announced plans to expand into international markets across the Middle East and Southeast Asia, with Thailand as its first overseas market. For more information, please visit www.ctrls.com or follow us on LinkedIn. 

SHANGHAI, June 17, 2026 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a tourism and education-related service provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended February 28, 2026, with the Securities and Exchange Commission (the “SEC”). The annual report can be accessed on the Company’s investor relations website at https://ir.sijiedu.com and on the SEC’s website at www.sec.gov. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements for the fiscal year ended February 28, 2026, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to IR@fsesa.com.

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a service provider of both tourism and education-related services in China. The Company’s program, service and product offerings mainly consist of enrichment learning programs, school-based tutoring product solutions and training programs for teachers, study camps and learning trips for students, and travel agency services for all age groups.

For more information, please visit https://ir.sijiedu.com.

For investor and media inquiries, please contact: 

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86-21-6317 6177 
E-mail: IR@fsesa.com

The Piacente Group, Inc. 
Jenny Cai
Tel: +86-10-6508-0677 
E-mail: fourseasons@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente 
Tel: +1-212-481-2050 
E-mail: fourseasons@tpg-ir.com