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SHEIN’s Science-Based Net-Zero Target is Approved by SBTi

SINGAPORE, May 27, 2025 /PRNewswire/ — As a global online fashion and lifestyle retailer, we have reached a milestone in our climate journey with the Science Based Targets initiative (SBTi) validating our net-zero science-based target by 2050 and approving our near and long-term science-based emissions reduction targets. Our climate targets have been validated to conform with the SBTi Net-Zero Standard, aligning with the latest climate science consensus and the Paris Agreement ambition to limit global warming to 1.5°C above pre-industrial levels.[1] These targets are as follows:


Overall Net-Zero Target:

  • Reach net-zero greenhouse gas (GHG) emissions across the value chain by 2050.

Near-Term Targets:

  • Reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030.
  • Reduce absolute Scope 3 GHG emissions[2] by 25% by 2030.
  • Increase active annual sourcing of renewable electricity to 100% by 2030.

Long-Term Targets:

  • Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050.
  • Reduce absolute Scope 3 GHG emissions by 90% by 2050.

Full details of our net-zero targets can be found at SBTi.

Mustan Lalani, Global Head of Sustainability at SHEIN, said, “SBTi’s validation of our net-zero targets marks an important step in SHEIN’s decarbonisation journey. We are committed to reducing emissions across our value chain and recognise that addressing Scope 3 emissions is a complex but critical part of that effort. As we continue this work, we will build on our momentum and adapt our approach in line with evolving technologies, policies and industry best practices.”

Our decarbonisation roadmap in action

In 2024, with the support of sustainability consultancy Anthesis Group, we developed a decarbonisation roadmap to guide our progress toward meeting our near- and long-term emissions reduction targets. This roadmap outlines priority decarbonisation actions based on their emissions reduction potential, technical and operational feasibility, and alignment with SHEIN’s business strategy and growth plans.

Scope 1 & 2: Reducing Direct Operational Emissions

We are addressing direct emissions from our operations and purchased electricity by prioritising the following actions:

  1. Transition to Renewable Energy: Powering all directly-managed operations with 100% renewable electricity by 2030, through increased on-site electricity production from solar photovoltaic installations across SHEIN-operated facilities, and the purchase of high-integrity Energy Attribute Certificates.
  2. Improve Energy Efficiency: Enhancing energy consumption monitoring and upgrading systems across our directly-managed facilities to improve energy efficiency and reduce consumption.
  3. Phase Out Fossil Fuels and Reduce Fugitive Emissions: Phasing out fossil fuels in our operations by transitioning to electric vehicles, and reducing fugitive emissions, e.g. through the use of fire suppression systems with lower global warming potential.


Scope 3: Addressing Emissions Across the Value Chain

We are focused on reducing emissions in our two highest impact categories, Purchased Goods and Services, and Upstream Transportation and Distribution, which account for approximately 96% of our emissions in 2024.

Making Products More Sustainably:

The following priority actions outline how we are addressing emissions from the production phase of our products:

  1. Minimising the Use of Virgin Materials and Transitioning to Lower Carbon-Impact Alternatives: Reducing the amount of virgin materials used in garment and packaging production, as well as switching to and promoting greater usage of alternatives with lower carbon footprints, for instance, using recycled instead of virgin polyester – scaling textile-to-textile recycling will be an important part of the transition to recycled polyester, and to support this, we have a multi-year research partnership with Donghua University to study how to drive commercially scalable production of recycled polyester fibre made from textiles.
  2. Promoting Lower CarbonImpact Manufacturing Processes: Supporting our suppliers in transitioning to renewable energy and encouraging improvements to their manufacturing processes to reduce their carbon footprint; examples include installing energy-saving equipment and adopting energy-saving practices.

Reducing Transport Emissions:
The following actions are aimed at helping us to reduce emissions from the transportation and distribution of our products:

  1. Reducing Transportation Distances: Optimising our global logistics network and route planning, and to promote the greater use of land, sea, or multimodal routes.
  2. Improving Transport Efficiency: Ensuring smaller carbon footprints through improving load and packaging efficiency, as well as the use of lower-emission transport modes.


Other Decarbonisation Opportunities

We are also strengthening waste management at our directly-managed facilities through updated guidelines that require the classification, recycling and documentation of all industrial waste, and promoting practices to encourage our customers to extend the use of their products, including initiatives such as our peer-to-peer resale platform, SHEIN Exchange, to reduce product-related emissions. By working towards solutions that aim to cut down on waste, we are aiming to cut down on the energy and resources needed across our own operations, with the goal of minimising our Scope 3 emissions.

[1] SHEIN’s 2030 and 2050 emissions reduction targets are with reference to a baseline year of 2023.

[2] From purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations and end-of-life treatment of sold products.

 

 

 

 

Nearly One in Four Globally Now Own Crypto, According to Gemini’s 2025 State of Crypto Report

Global growth is likely to continue as a result of President Trump’s crypto policies

NEW YORK, May 27, 2025 /PRNewswire/ — Today, crypto platform Gemini released its 2025 Global State of Crypto report, which found that in 2025 global adoption of crypto grew in all geographies surveyed. In 2024, one in five (21%) of respondents in the United States, United Kingdom, France, and Singapore reported owning crypto. In 2025, that figure grew to nearly one in four (24%).

This global growth may be due in part to the Trump Administration’s treatment of crypto. Since coming into office in January 2025, President Donald J. Trump has established a Strategic Bitcoin Reserve for the United States, appointed SEC leadership more favorable to digital assets, and expressed support for bills that will provide stablecoin legislation and a regulatory framework for digital assets.

Survey results suggest these policies are inspiring interest in the industry among non-owners–those who have never invested in crypto. Understanding and winning over this group will drive significant growth for the industry, which has experienced relatively flat adoption over the past few years.

Nearly a quarter (23%) of non-owners in the US said President Trump launching a Strategic Bitcoin Reserve increased their confidence in the value of cryptocurrency. This sentiment was echoed globally by non-owner respondents in the UK and Singapore, where about one in five (21% and 19%, respectively) non-owners said the same. 

Other key findings include:

  • Europe leads the way in growing crypto ownership: In 2025, 24% of respondents in the UK said they were invested in cryptocurrency, up from 18% in 2024. It was the biggest year-over-year jump of any of the nations surveyed. In France, 21% of respondents reported owning crypto, up from 18% in 2024. In the United States, adoption grew from 21% to 22%, and in Singapore from 26% to 28%. 
  • Memecoins drove crypto adoption: In the US, 31% of investors who own both memecoins and traditional cryptocurrencies report that they purchased their memecoins first, followed by 30% in Australia, 28% in the UK, 23% in Singapore, 22% in Italy, and 19% in France. However, globally, 94% of memecoin owners also own other types of crypto, suggesting memecoins are an onramp to crypto for many investors around the globe.
  • France leads the way in memecoin adoption: France’s pro-crypto stance has inspired deeper investment in memecoins in the country. In France, 67% of crypto investors own memecoins, followed by 59% in Singapore, 58% in Italy, 57% in the UK, 55% in the US, and 45% in Australia.
  • Nearly two in five crypto owners in the US are invested in crypto ETFs: Following the approval of spot crypto ETFs in early 2024, adoption has increased, with 39% of crypto investors in the US owning crypto ETFs, up from 37% in 2024.
  • Half of Gen Z and Millennials invest in crypto: Half of Millennial and Gen Z respondents globally (50%) said they either currently own crypto or have in the past, at 52% and 48%, respectively.

“The United States has proven itself as a global leader in web3 and blockchain technology with the addition of Trump’s pro-crypto policies, which is a significant change from the previous Administration” said Marshall Beard, Chief Operating Officer at Gemini. “With this pro-innovation approach, the crypto industry is positioned for significant growth in the United States and around the world.”

Gemini has conducted its State of Crypto report annually since 2021. Reports from 2022 and earlier can be found here. The 2024 State of Crypto report can be found here. The countries surveyed in the 2025 State of Crypto report included the United States, United Kingdom, France, Italy, Singapore, and Australia. Year-over-year data is only available for the United States, United Kingdom, France, and Singapore as Italy and Australia were new additions to the 2025 study.

Methodology

The 2025 Global State of Crypto report is based on a survey of 7,205 consumers in the US, UK, France, Italy, Singapore, and Australia (approximately 1,200 consumers per country). The survey was conducted online between March 18, 2025 and April 10, 2025 on behalf of Gemini by Data Driven Consulting Group. The total sample has been balanced and is generally representative of the adult population in each country ages 18 to 75 with household incomes of $14,000 USD or more. Data cited in the report as 2024 is from a survey conducted online between May 23, 2024 and June 28, 2024, also on behalf of Gemini by Data Driven Consulting Group.

This release includes forward-looking statements and interpretations of public sentiment based on survey data. These do not represent definitive outcomes or endorsements by Gemini.

About Gemini

Gemini is a global crypto and Web3 platform founded by Cameron and Tyler Winklevoss in 2014. Gemini offers a wide range of crypto products and services for individuals and institutions in over 70 countries. Gemini’s simple, reliable, and secure products are built to unlock the next era of financial, creative, and personal freedom.

 

Oi Wah Achieves Net Profit of 55.9 million with Improved Net Interest Margin in FY2025

Demonstrating Financial Stability, Proposed Final Dividend of HK$0.81 cents per share, Exploring Overseas Market to Diversify Income Source


HONG KONG SAR – Media OutReach Newswire – 27 May 2025 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2025 (“FY2025”), the Group recorded revenue of approximately HK$164.3 million and profit attributable to shareholders of the Company of approximately HK$55.9 million. During the year, net interest margin slightly improved to 16.5%.

Leveraging the strategic partnership fund established in collaboration with PACM Group (Holdings) Limited (“PACM Group”), the Group is committed to proactively expanding its presence in overseas markets, diversifying its business revenue streams, while effectively mitigating risks from geographical market volatility.

For the year ended 28 February 2025, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$215.7 million, representing a net increase of approximately HK$45.1 million compared to 29 February 2024. The net assets increased to approximately HK$1,108.0 million. Meanwhile, the gearing ratio decreased from 7.7% to 4.3%, reflecting the Group maintained a healthy financial position during FY2025.

During the year, the earnings per share was HK 2.9 cents. The Board of Directors recommends a final dividend of HK 0.81 cents.

Business Review

Mortgage loan business

In FY2025, the Group recorded interest income of the mortgage loan business of approximately HK$77.0 million. The amount of gross mortgage loan receivables was approximately HK$670.7 million as at 28 February 2025. During the year, net interest margin of the mortgage loan business is about 10.3%.

During FY2025, the Group has maintained a prudent approach when granting loans, underpinned by a focus on building a resilient loan portfolio amid the uncertain environment brought about by the pandemic. We are of the view that maintaining a cautious underwriting stance and healthy loan portfolio will position the Group well for the economic recovery and eventual normalization ahead. During FY2025, the average loan-to-value ratio for first mortgage was approximately 58.2%, while average overall loan-to-value ratio for subordinate mortgage was approximately 52.8%, of which, average loan-to-value ratio of subordinate mortgage that the Group participate in was approximately 15.7%.

Pawn Loan Business

During FY2025, the revenue from the pawn loan business increased by 9.7% to approximately HK$87.3 million, which accounted for approximately 53.1% of the Group’s total revenue. The interest income of the pawn loan receivables increased by approximately 4.5% to approximately HK$76.2 million, which was mainly attributed to the increase in gold price and an active second-hand luxury market, especially for luxury watches. During FY2025, the Group continued to channel resources to advertising and promotion to enhance the Group’s brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.

Prospects

Looking ahead, the global economy is anticipated to continue its moderate recovery, while macroeconomic policy uncertainties are expected to persist. The Directors believe that the Hong Kong property market will experience cautious trajectory. To inject impetus into the profit growth, the Group strategically partnered with PACM Group to establish a fund which marked our entry into the real estate private credit institutional investment management sector. We will proactively explore expansion opportunities in developed markets and maintain prudent investment oversight to mitigate market risks and maximize returns for investors and shareholders.

In order to further enhance customer experience and maintain robust operational profitability, the Group will continue to review strategic shop locations and explore potential acquisition opportunities within the established pawn businesses. These initiatives aim to strengthen our market-leading position and ensure sustainable long-term growth amid evolving industry dynamics.

Mr. Edward Chan, Chairman and CEO of the Company, said, “Along with the ongoing tensions in US-China trade relations, the global economy is confronted with heightened uncertainties, exerting additional pressure on economic rebound. Consequently, the Hong Kong property market outlook remains challenging.

The Group remains steadfast in its commitment to seeking strategic breakthroughs amidst these adverse circumstances. In addition to focusing on the local market, we are proactively exploring overseas market development opportunities through our strategic partnership fund with PACM Group. We are committed to diversify our revenue streams and expand our customer base, with a dedicated effort to generate enhanced long-term value and returns for our shareholders.”

Hashtag: #OiWah #靄華 #AnnualResults #全年業績

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

Oi Wah Pawnshop Credit Holdings Limited

Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.

ASC Earns Frost & Sullivan’s 2025 Global Competitive Strategy Leadership Award for Revolutionizing Enterprise Compliance with Cutting-Edge, Omnichannel Recording and AI-Powered Analytics

ASC’s groundbreaking Recording Insights solution bridges the compliance gap across communication channels, offering deep business insights and seamless integration for regulated industries.

SAN ANTONIO, Texas, May 27, 2025 /PRNewswire/ — Frost & Sullivan recently researched the compliance recording and analytics industry and, based on its findings, recognizes ASC Technologies with the 2025 Global Competitive Strategy Leadership Award. ASC is a leading provider of sophisticated compliance recording, AI-based analytics, and quality management solutions that help organizations close compliance gaps, enhance the customer experience, and gain valuable insights through AI-powered analysis – all while meeting stringent regulatory standards.

With Recording Insights ASC delivers a powerful, AI-enabled approach to enterprise-grade compliance. It captures voice, video, chat, and screen sharing across communication platforms like Microsoft Teams, Zoom, Cisco, Genesys, and RingCentral. With built-in transcription, translation, and AI capabilities like Azure OpenAI, the solution turns communication data into actionable insights—enabling greater efficiency, lower risk, and smarter decisions.

Recording Insights is among the most advanced compliance solutions for Microsoft Teams, offering native integration, strong security, and trusted deployment in the Microsoft Azure Cloud. The integrated AI Policy Engine detects regulatory violations, enforces compliance templates, and adapts to changing legal standards, delivering clear value for industries such as finance, healthcare, and the public sector.

“ASC’s Recording Insights solution bridges the compliance gap for organizations in regulated industries while also delivering deep conversational insights that help organizations drive operational efficiencies and growth. Recording Insights supports legal recording in full compliance with the General Data Protection Regulation, capturing data across voice, video meetings, screen sharing, and chat communication sessions,” said Elka Popova, VP of Connected Work at Frost & Sullivan.

ASC’s success is rooted in its ability to simplify the complexities of compliance recording with a flexible, cloud-first architecture that is easy to deploy, manage, and scale. This architecture enables secure, encrypted, and geo-redundant data storage with configurable retention policies tailored to industry regulations. The platform’s user-friendly design minimizes IT overhead and accelerates onboarding, allowing organizations to be fully operational in just a few hours.

“ASC stands out among compliance recording and analytics providers because of its ease of use, the flexibility of its fully cloud-based approach, and its robust, enterprise-grade platform. With integrated compliance recording and secure storage, ASC enables organizations to effectively manage communications, particularly in regulated industries,” noted Popova.

ASC’s platform is also used by strategic partners such as Mitel. Their solutions MIR and MIR Insight AI are built on ASC’s technology, offering the full feature set of Recording Insights – including the AI Policy Engine, risk detection, advanced analytics, and seamless integration capabilities.

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About ASC

ASC is a global leader in compliance recording, quality management and AI-based analytics. Our solutions help organizations evaluate their communications-based data, securely meet regulatory requirements, and optimize customer service.

Using AI, conversations are analyzed in real-time to detect compliance violations and assess the quality of customer interactions. Financial services, contact center, and public safety organizations rely on ASC to ensure their communication is legally compliant and customer-centric.

Our solutions are scalable and flexible – available as cloud services, on-premise, or in hybrid environments. Headquartered in Germany, with subsidiaries in 15 locations and a global partner network in over 60 countries, ASC is the #1 in Europe and sets standards for AI-based communication technology worldwide.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Ashley Shreve
Marketing Coordinator – Best Practices Recognition
Ashley.Weinkauf@frost.com
Phone: +1.210.844.2505

Digital Supply Chain Transformation Accelerates in Life Sciences as New Partners Join the TraceLink OPUS Partner Program

BOSTON, May 27, 2025 /PRNewswire/ — TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, announced significant momentum in its OPUS Partner Program, which has grown by 35% since April 2024. This growth reflects surging demand across life sciences for digital supply chain transformation—and trusted partners who can operationalize these advanced solutions to maximize ROI and drive long-term value.

Digital Transformation, Powered by Partners

Partners now account for more than 50% of all new business, up from 25% in 2024. The majority of new MINT (Multienterprise Information Network Tower) engagements will include a designated partner, reflecting TraceLink’s commitment to delivering deeper, faster value to customers. This partner-first approach ensures that customers are supported by specialized experts who guide strategic supply chain design, operationalize change management, and help rearchitect and support supply chain IT landscapes to meet evolving demands.

Underpinning this growth is TraceLink’s Orchestration Platform for Universal Solutions (OPUS), which equips partners with no-code configuration capabilities to rapidly create and deploy tailored solutions. Combined with TraceLink’s global B2N Integrate-Once™ network of 291,000+ verified entities, partners can expand services, accelerate implementations, and empower customers with greater supply chain agility and resilience.

“Partnering with TraceLink has been instrumental in helping us deliver cutting-edge supply chain solutions to our customers,” said Peter Bigelow, CEO, SCmple. “This partnership not only improves our ability to drive digital transformation but also empowers our customers with the agility and operational excellence needed to navigate today’s complex supply chain landscape.”

New Solution and Technology Partners Strengthen TraceLink’s Growing Ecosystem

TraceLink continues to build a robust, global ecosystem by welcoming new Solution Partners and Technology Partners who share a common goal—delivering measurable outcomes for customers and accelerating digital transformation.

Solution Partners provide implementation, optimization, and change management expertise, helping customers fully realize the value of their TraceLink investment. New partners include Arcolab, Clarkston Consulting, Sikich, and ZS.

Technology Partners integrate their platforms with TraceLink’s multienterprise supply chain network to enable seamless interoperability across ERP, WMS, IMS, and supply planning systems. New additions such as Kinaxis, SCmple, SCW.AI, Softeon, and Slingshot Pharma strengthen the platform’s orchestration capabilities.

“The rapid expansion of the TraceLink OPUS Partner Program reflects the growing demand for intelligent, end-to-end supply chains,” said Shabbir Dahod, President and CEO of TraceLink. “Our partners are not just supporting implementations—they’re enabling innovation, driving revenue growth, synchronizing supply and demand, and helping customers rethink the architecture of their supply chains.”

Delivering Impact: 159 Partner-Led Deals and a 4.5x+ Services Multiplier

TraceLink partners have led 159 customer engagements across MINT and track-and-trace/serialization deals, with 57 projects in the last six months alone. These engagements demonstrate the program’s reach and its value creation potential.

The service opportunity for partners is substantial, with the majority of customers seeking a Solution Partner, and the services multiplier averages 4.5x, with many engagements reaching 10x or higher. Partners help customers move beyond the foundational digitalization capabilities to unlock sustained value through orchestration and data-driven supply chain operations.

Introducing OPUS Link Lab: Accelerating Partner Innovation

To accelerate partner-led innovation, TraceLink is launching OPUS Link Lab (OLL), a secure, pre-production sandbox environment where Solution and Technology Partners can use no-code tools to design, test, and validate new multienterprise solutions, reports, dashboards, and integrations. With preloaded access to base solutions like MINT, OLL enables rapid prototyping, system interoperability testing, and hands-on platform training. Launching in June 2025 through a phased early access program, OLL will also serve as the launchpad to the upcoming OPUS Marketplace, where validated partner solutions can be listed and commercialized across TraceLink’s global customer and partner network. Sign up for early access to OLL.

Unlocking Opportunities at FutureLink Barcelona

At FutureLink Barcelona 2025, TraceLink’s premier industry event, partners and customers alike will explore how to harness the power of OPUS and MINT to orchestrate next-generation supply chains. With 60+ sessions, workshops, and immersive experiences, Solution and Technology Partners will gain first-hand insight into the platform’s newest capabilities—and how to help their clients accelerate transformation, improve compliance, and build more resilient supply networks.

Join the Future of the Global, Digital Life Sciences Supply Chain

The TraceLink OPUS Partner Program empowers partners with industry-leading tools, training, and business opportunities. For customers, it ensures that every implementation is supported by a knowledgeable ecosystem of experts who help deliver faster time to value.

Learn more about the TraceLink OPUS Partner Program and register for FutureLink Barcelona today.

About TraceLink

TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling orchestration through a globally connected digital network of more than 291,000 entities. Businesses rely on TraceLink to ensure complete supply chain visibility, product traceability, and secure medicine delivery—driving better health outcomes for every patient, everywhere.

GCL Subsidiary’s Offer for Ban Leong Technologies Declared Unconditional in all Respects

SINGAPORE, May 27, 2025 /PRNewswire/ — GCL Global Holdings Ltd. (NASDAQ: GCL) (“GCL” or the “Company”) is a leading provider of games and entertainment and the indirect parent company of Epicsoft Asia Pte. Ltd. (the “Offeror”), the bidder seeking to acquire all of the issued and paid-up ordinary shares in the capital of Ban Leong Technologies Limited (SGX: B26) (“Ban Leong”), excluding shares held in treasury (the “Shares”) pursuant to Rule 15 of the Singapore Code on Take-overs and Mergers (the “Offer”). The Offeror today announced that the total number of Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it (including by way of valid acceptances of the Offer) represent approximately 50.90% of the total number of Shares as of May 27, 2025, and accordingly, the Offer has become unconditional as to acceptances and is hereby declared unconditional in all respects.

If the Offeror acquires 90% or more of the total number of Shares (whether through valid acceptances pursuant to the Offer or otherwise), the Offeror will be entitled to exercise its right under Section 215(1) of the Companies Act 1967 of Singapore to compulsorily acquire all the Shares from shareholders of Ban Leong (“Shareholders”) who have not accepted the Offer at a price equal to the offer price of S$0.6029. The Offeror will then proceed to delist Ban Leong from the Singapore Exchange Securities Trading Limited, if the minimum free float requirement is not met.

Shareholders who wish to accept the Offer should submit the relevant acceptance form(s) by the close of the Offer at 5:30 p.m. (Singapore time) on July 2, 2025 (or such later date(s) as may be announced from time to time by the Offeror). Further details of the procedures for acceptance of the Offer are set out in Appendix 2 to the Offer Document dated May 21, 2025.

This press release should be read in conjunction with the full text of the announcement filed by the Company on a Form 6-K, on May 27, 2025, available on the Securities and Exchange Commission (“SEC”) website at www.sec.gov.

No Offer or Solicitation

This news release is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

About GCL Global Holdings Ltd.

GCL Global Holdings Ltd. leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.

Learn more at http://www.gclglobalholdings.com.

About GCL Global Pte. Ltd. (“GGPL”)

GCL Global Pte. Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market. It is an indirect wholly-owned subsidiary of GCL Global Holdings Ltd.

About Epicsoft Asia Pte. Ltd.

Epicsoft Asia Pte. Ltd. (“Epicsoft Asia“), a wholly-owned subsidiary of GCL Global Pte. Ltd., is a premier distributor of interactive entertainment software. With a robust network and a proven track record of successful game launches, Epicsoft Asia is dedicated to bringing premier gaming experiences to players across Taiwan, Hong Kong, and Southeast Asia.

About Ban Leong Technologies Limited

Ban Leong Technologies was incorporated in Singapore on 18 June 1993 and was listed on the Main Board of the Singapore Stock Exchange on 23 June 2005. The principal activities of the company and its subsidiaries are the wholesale and distribution of computer peripherals, accessories and other multimedia products. It distributes a wide range of technology products, with key segments that include IT accessories, gaming, multimedia, smart technology and commercial products. The company is headquartered in Singapore with regional offices in Malaysia and Thailand.

Forward-Looking Statements

This press release includes “forward-looking statements” made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, and 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 may 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 estimated implied enterprise value of the Company, GCL’s ability to scale and grow its business, the advantages and expected growth of the Company, and the Company’s ability to source and retain talent. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of GCL’s management and are not predictions of actual performance.

These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although GCL believes that it has a reasonable basis for each forward-looking statement contained in this press release, GCL 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. In addition, there are risks and uncertainties described in the proxy statement/prospectus included in the Registration Statement relating to the recent business combination, filed by the Company with the SEC on December 31, 2024 and other documents filed by the Company from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. GCL cannot assure you that the forward-looking statements in this press release will prove to be accurate. There may be additional risks that GCL presently knows or that GCL currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of GCL as of the date of this press release. Subsequent events and developments may cause those views to change. However, while GCL may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of GCL as of any date subsequent to the date of this press release. Except as may be required by law, GCL does not undertake any duty to update these forward-looking statements.

Directors’ Responsibility Statement pursuant to the Singapore Code on Take-overs and Mergers

The sole director of the Offeror and the directors of GGPL (including those who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release are fair and accurate and that there are no other material facts not contained in this press release, the omission of which would make any statement in this press release misleading, and they jointly and severally accept responsibility accordingly. 

Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from Ban Leong (including without limitation, relating to Ban Leong and its subsidiaries), the sole responsibility of the sole director of the Offeror and the directors of GGPL has been to ensure, through reasonable enquiries, that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release.

Beko Announces Updates to HomeWhiz Platform to Advance Smart Appliance Efficiency and Sustainability

HomeWhiz can be operated from anywhere aims to optimize appliance performance, reduce energy and water, waste, and simplify daily home management.

ISTANBUL, May 27, 2025 /PRNewswire/ — Beko, a global leader in home appliances, has unveiled updates to its HomeWhiz smart home platform, empowering users to operate and monitor connected appliances to live more sustainably, simply and cost effectively.

HomeWhiz AdaptiveWash
HomeWhiz AdaptiveWash

Beko’s mission is to deliver cutting-edge technologies that benefit customers and respect the planet. With AI-powered features, HomeWhiz gives users a simple way of controlling the whole home through their phone. The application is smart, simple and allows users to connect to their devices in real time, supporting them to reduce bills, energy and water consumption, and automate tasks like reordering washing detergent.

See, Save and Sustain!

With smart home at their fingertips, users can now monitor and optimize appliance efficiency and resource usage with ease. The HomeWhiz enables users to track daily, weekly, and monthly resource usage with ease- transforming complex consumption data into clear, actionable insights. By helping users understand not just how much, but also why energy and water are used, the feature empowers smarter routines, optimized appliance use, and long-term savings through habit-aware adjustments.

“HomeWhiz is not only about making life easier, but also aspires more sustainable and cost efficient,” said Akın Garzanlı. Chief Marketing Officer at Beko. “As one of the world’s leading manufacturers of white goods and with 22 brands under the Beko, we are able to offer consumers a single platform that can automate daily tasks and provide rich data.”

With a network of 29 R&D and design centers globally, Beko continues to innovate and develop its technology, including HomeWhiz, to meet the changing needs of consumer life.

Expanded features include:

Adaptive Features

This project focuses on developing a smart laundry solution that offers personalized washing and drying experiences tailored to individual user preferences. By leveraging the AI capabilities of the HomeWhiz platform, the system analyzes user feedback and habits to adapt and optimize program settings automatically. This ensures clothes are cleaned exactly as preferred, enhancing both satisfaction and efficiency.

Beyond personalization, the system is also designed to intelligently respond to user routines and environmental conditions, seek to impact energy savings without requiring manual input. The workflow is a seamless and intuitive appliance experience that combines customization, sustainability, and smart home integration. All customized settings can be easily reset within the HomeWhiz app.

Energy & Water Management

Understanding and managing household energy and water consumption has never been more important as consumers aim to reduce household expenditure and environmental impact. HomeWhiz’s Energy and Water Management feature offers daily, weekly and monthly usage data, offering personalized recommendations and a guidance which can be used to make smart, lasting savings.

Firmware Update (OTA)

HomeWhiz orchestrates regular firmware updates (OTA) which are essential to make full use of the latest appliance innovations. For example, updates help consumers achieve greater energy savings and provide access to new AI-powered features, which enhance functionality and convenience. In addition, updates to predictive maintenance technology identify potential issues with machines before they occur, extend their service life and ensure optimal performance.

For more information about HomeWhiz, please visit https://www.beko.com/en-en/homewhiz  

ABOUT BEKO 

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko’s 29 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko’s vision is ‘Respecting the World, Respected Worldwide.’   

www.bekocorporate.com 

*Licensee limited to certain jurisdictions.   
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.  

 

HomeWhiz Cooling Feature
HomeWhiz Cooling Feature

 

HomeWhiz Energy Manager
HomeWhiz Energy Manager

 

HomeWhiz Energy Tracking
HomeWhiz Energy Tracking

 

HomeWhiz Notification Screen
HomeWhiz Notification Screen

 

HomeWhiz Warning Feature
HomeWhiz Warning Feature

 

JX Luxventure and CEO Sun “Ice” Lei Awarded at 2025 China Brand Boao Summit

HAIKOU, China, May 27, 2025 /PRNewswire/ — JX Luxventure Group Inc. (Nasdaq: JXG) (the “Company”), a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as  providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products, today announced that on May 25, 2025, at the 2025 (9th) China Brand Boao Summit, the Company was awarded with the 2025 (Industry) Most Socially Responsible Enterprise Award, and its CEO, Sun “Ice” Lei, received the 2025 (Industry) Brand Influence Figure Award.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company commented: “We are deeply honored by the recognition of JX Luxventure as the 2025 (Industry) Most Socially Responsible Enterprise and my receipt of the 2025 (Industry) Brand Influence Figure Award. These prestigious accolades reflect our team’s unwavering commitment to redefining excellence in the wholesale trade and tourism sectors through innovation, sustainability and social impact. Our proprietary aggregated supply chain system has transformed global logistics by prioritizing carbon reduction, while our initiatives in education, rural revitalization, and global philanthropy demonstrate our dedication to creating shared value for society. These awards inspire us to deepen our ESG commitment, harnessing technology to drive sustainable trade and empower communities worldwide, as we continue to lead with purpose and contribute to a more equitable and sustainable future.”

About JX Luxventure Group Inc.

Headquartered in Haikou, China, JX Luxventure Group Inc. is a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products.  To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/. 

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Group Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.