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LOTTE rent-a-car suggests a travel course following the famous scenes from the Netflix Series ‘When Life Gives You Tangerines’

  • LOTTE rent-a-car introduces Jeju travel destinations featured in the drama that captivated global viewers
  • Enhancing convenience for international travelers by providing dedicated staff for foreign customers and multilingual support
  •  Offering various services such as chauffeur-driven rental cars, welcome coupon packs, and free electric vehicle charging

SEOUL, South Korea, April 29, 2025 /PRNewswire/ — As the Netflix series ‘When Life Gives You Tangerines’ receives an enthusiastic response from global viewers, interest in Jeju Island, known as the ‘Hawaii of Korea’ and the backdrop of the drama, is increasing. With the peak travel season to Jeju from March to May, the number of foreign tourists looking to experience the unique nature of Jeju depicted in the drama is on the rise.

Jeju Island has many hidden gems that are difficult to access using public transportation alone, making rental cars essential. LOTTE rent-a-car, South Korea’s No.1 rental car brand, holds the top market share in the Korean rental car market and is the official partner of the global rental car brand Hertz, providing verified services. They offer a systematic service system and multilingual support platform for international customers.

LOTTE rent-a-car Jeju Auto House is located near Jeju International Airport. It is the largest single-location rental car facility in the country, with a fleet of 3,000 vehicles. Operating 365 days a year from 6 AM to 11 PM, it allows customers to pick up or return vehicles conveniently regardless of flight times. The proportion of foreign customers renting from LOTTE rent-a-car in Jeju is increasing every year. As of 2024, foreign customers account for 25.6% of the total customers at LOTTE rent-a-car Jeju Auto House, meaning one in four customers is a foreigner.

For international tourists planning a trip to Jeju in the first half of this year, LOTTE rent-a-car suggests a special Jeju travel course centered around the filming locations of iconic scenes from the drama. These include Gimnyeong Beach, where young Aesoon eagerly waited for her mother, and Seongsan Ilchulbong, which showcases the beautiful scenery of Jeju.

Gimnyeong Beach: A Pristine Beach Embodying the Lives of female divers

Located in eastern Jeju, Gimnyeong Beach gained attention as the setting for the lives of haenyeo(female divers) in the drama. The exotic landscape, where cobalt blue waters, white sandy beaches, and black basalt rocks harmonize, leaves visitors in awe. Not only can you experience the local haenyeo culture, but you can also enjoy various marine activities such as yachting, kayaking, and snorkeling. The walking trail along the wind turbines lined up on the eastern side of the beach and the nearby cave exploration course add a unique charm.

Seongsan Ilchulbong: A UNESCO World Heritage Site and Sunrise Spot

Seongsan Ilchulbong, where the protagonist Aesoon performs 3,000 bows in the drama, is one of Jeju’s most iconic natural landmarks. Formed by underwater volcanic activity about 5,000 years ago, its cratered terrain is notable. This site is recognized as a UNESCO World Natural Heritage due to its geological significance and is also famous for its breathtaking sunrise views over the open sea. The magnificent scenery, where the blue sea and cliffs blend, leaves a lasting impression on both drama fans and general tourists.

Ora-dong Buckwheat Field: A Healing Photo Spot with Different Faces Each Season

The buckwheat flower path where Aesoon and Gwansik shared memories in the drama was filmed in the buckwheat fields of Ora-dong, Jeju City. The vast field, equivalent to 130 soccer fields, offers different charms each season, making it an ideal photo spot, especially for wedding photos. In spring, yellow canola flowers, in summer, pure white buckwheat flowers adorn the field, and from late winter to spring, the landscape is filled with green barley and reeds. May and June are the best times to witness the most splendid scenery.

Jejumok Gwana: Where Aesoon and Gwansik Wrote Poems for the Writing Contest

Jejumok Gwana is where the writing contest in the drama took place. It was the administrative center of Jeju during the Joseon Dynasty and is a nationally designated heritage site and a representative historical and cultural tourist attraction in Jeju. Aesoon and Gwansik sat in front of Yeonhuijeong Pavilion in this Gwana to write poems. It is also the place where the middle-aged Aesoon wrote a poem longing for her mother. Recently, it has become very popular among foreign tourists, as they can rent hanbok(traditional Korean clothing) from nearby rental shops. It is common to see tourists taking photos in hanbok in front of the traditional Korean houses.

LOTTE rent-a-car Welcomes Foreign Customers with Professional Staff, Coupon Packs, and Electric Vehicle Promotions

LOTTE rent-a-car operates professional staff who can provide consultations in foreign languages. The official website supports English, Chinese, and Japanese, allowing international customers to smoothly handle the entire process from vehicle reservation to contract management and consultation in their native language. This makes it easy for first-time visitors to Korea to use the rental car service.

For tourists who find driving on unfamiliar roads burdensome or have a lot of luggage, it is recommended to use the chauffeur service. Professional drivers familiar with the local road conditions will drive, allowing tourists to focus solely on the beautiful scenery of Jeju outside the window. A variety of vehicle types are available, from compact cars to vans, SUVs, and 11-seater and 15-seater vehicles. This service can be used upon reservation inquiry.

There are also various benefits provided to international tourists using LOTTE rent-a-car. The ‘Jeju Welcome Coupon Pack,’ which consists of benefits necessary for traveling in Jeju, is a new free service offered to customers using LOTTE rent-a-car’s short-term rental cars in Jeju. It provides discounts of up to 54% on popular tourist attractions in Jeju and LOTTE affiliates. A free charging promotion that provides a charging card for electric vehicle users is also being implemented for international customers. Jeju’s major tourist attractions are well-equipped with electric vehicle charging infrastructure, making it convenient to use electric vehicles.

LOTTE rental, stated, “We will continue to expand various customized services so that travelers from around the world can experience the beauty and sentiment of Jeju more conveniently,” adding, “LOTTE rent-a-car will continue to enhance trust and satisfaction as a brand that accompanies the journeys of global customers.”

LOTTE rental is South Korea’s leading rental company, providing integrated rental solutions across all fields, including automobiles, office automation equipment and industrial equipment. Its subsidiary, LOTTE rent-a-car, holds the top market share in the domestic rental car industry and offers extensive mobility services to domestic and international customers through over 220 branches nationwide and a global partnership network.

https://www.lotterentacar.net/hp/chn/reservation/index.do?LANG=chn

About LOTTE rental

LOTTE rental, the only comprehensive rental company in Korea, provides better value with various business portfolios, including auto mobility services that encompass car life, business solution services that support more effi­cient businesses.

LOTTE rent-a-car is creating an innovative car life as the No.1 car rental brand. LOTTE rent-a-car G car, Korea’s ‑first car-sharing brand, is drawing a better mobility service.

LOTTE rental is moving forward as a mobility leader that connects customers’ precious lives.

For more information about LOTTE rental, please visit: https://www.lotterental.com/

We need bold leadership to address complex social problems

SYDNEY, April 29, 2025 /PRNewswire/ — Health Justice Australia is calling on the next government of Australia to show bold political leadership in addressing the complex challenges many people in our community experience.

“More than ever, people in our community are facing interconnected health, social and justice issues that can have lifelong, intergenerational impacts on health and wellbeing. The challenges are significant: cost of living pressures, housing insecurity, increasing poverty, persistent gender inequality and gender-based violence, and increased risk from natural disaster and pandemics,” says Health Justice Australia CEO, Sheree Limbrick.

“Legal, health and social services are struggling to meet increasing demand for support, and individual service approaches do not have the capacity to respond to the complexity and interconnectedness of the problems people are experiencing.

“We urge the next government to invest in responses to these persistent problems through wraparound, person-centred services; early intervention and prevention; and First Nations self-determination.”

Health Justice Australia calls on our next government to:

1. Ensure strong, equitable and person-centred services that respond to multiple government priorities

The government must commit to long-term funding for preventive, integrated, multi-disciplinary services that address the social determinants of health; invest in the legal assistance sector to support an increase in integrated service delivery; and invest in workforce training to support multi-disciplinary practice.

2. Deliver resourcing to achieve First Nations self-determination

The government must adequately recognise and resource Aboriginal and Torres Strait Islander leadership, invest in Aboriginal Community Controlled Organisations, and continue towards community-led transition of policy and service leadership.

3. Invest in prevention and early intervention and the wider determinants of health

The government should deliver 5% of total health expenditure on preventative health as outlined in the National Preventive Health Strategy; and raise the rate of JobSeeker and related payments to provide a basic living wage.

View Health Justice Australia’s election priorities here.

Visit the Health Justice Australia website for more information on health justice partnership.

AI Evolution and Life Sciences: Embracing New Frontiers at Dalton Venture CEO Summit 2025

 HONG KONG, April 29, 2025 /PRNewswire/ — Dalton Venture CEO Summit 2025 , jointly hosted by Dalton Venture and Hong Kong Science and Technology Parks Corporation (HKSTP), successfully concluded at Hong Kong Science Park. The summit brought together over 100 distinguished guests, including government officials, leading scholars, entrepreneurs, and investors from Mainland China, Hong Kong, and beyond, to explore new global opportunities in life sciences innovation.

Professor Han Sirui of HKUST, delegated by Chief Vice President Guo Yike, delivers a keynote speech at the summit.
Professor Han Sirui of HKUST, delegated by Chief Vice President Guo Yike, delivers a keynote speech at the summit.

The event gathered more than 60 entrepreneurs from Dalton Venture’s portfolio companies across cutting-edge sectors such as cell and gene therapy, ophthalmology, AI in healthcare, embodied AI, bio-3D-printing, and cardiovascular technologies.

Uniting Industry, Research, and Capital to Accelerate Globalization

Founding Managing Partner Sun Qi highlighted Hong Kong’s unique advantages as an East-West bridge, with world-class research infrastructure and capital markets. “Dalton Venture sees Hong Kong not only as a gateway to the world but as a convergence point for technology, capital, industry, and vision,” as he said.

Ms. Cheong Man Lei, Lillian, JP, Deputy Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, delivered a video keynote address. She emphasized Hong Kong’s commitment to becoming an international innovation and technology hub, citing initiatives like the HK$10 billion Research, Academic and Industry Sectors One-plus Scheme. She warmly welcomed more Mainland Chinese enterprises to leverage Hong Kong’s platform for international expansion.

Hong Kong Science Park as a Launchpad for Life Sciences Innovation

Ms. Gracie Ng, Chief of Staff and Acting Chief Corporate Development Officer of HKSTP, also extended a warm welcome. She highlighted HKSTP’s role in cultivating a vibrant life sciences ecosystem through research support, incubation services, and funding channels, including its HK$1 billion corporate venture fund. “We are delighted to host Dalton Venture’s CEO Summit and look forward to deepening collaboration with visionary enterprises.”

Capital Empowering Innovation: Insights from HKEX

Sam S.K. Luk, Vice President (Global Issuer Services) at Hong Kong Exchanges and Clearing Limited (HKEX), outlined Hong Kong’s latest initiatives to support biotech and hard-tech enterprises through listing mechanisms like Chapter 18A and 18C. He emphasized that Hong Kong remains a preferred destination for innovative companies seeking global investors, citing recent resilience in the local stock market and continued inflows from Southbound trading under the Stock Connect program.

Thought Leadership on Frontier Technologies

The summit also featured keynote speeches from leading scientists and entrepreneurs.

Professor Lam Hon Ming, Distinguished Professor of Life Sciences at The Chinese University of Hong Kong, and Director of the State Key Laboratory of Agrobiotechnology shared insights on agricultural biotechnology and sustainability.

Professor Sirui Han, representing Professor Guo Yike, Chief Vice President of the Hong Kong University of Science and Technology and Director of the Hong Kong Center for Generative Artificial Intelligence Research and Development, discussed the evolution of large AI models and their transformative impact on life sciences.

Strengthening Cross-Border Innovation Bridges

Prior to the summit, Dalton Venture organized a closed-door dialogue with InvestHK and the Office for Attracting Strategic Enterprises (OASES), connecting over 30 Mainland biotech companies with Hong Kong’s innovation and policy resources. Discussions focused on leveraging Hong Kong as a springboard for global clinical development, regulatory pathways, and international fundraising.

Looking Ahead: Building a Global Innovation Network

Mr. Huang Ning, Founding Partner of Dalton Venture, concluded the summit by reaffirming Dalton’s commitment to empowering entrepreneurs and accelerating the globalization of life sciences innovation.

As innovation continues to reshape the life sciences sector, Dalton Venture remains dedicated to fostering a robust, interconnected ecosystem that links research, capital, and industry across borders — advancing healthcare for a better future.

CONTACT
Name: Lynn Ning
Email: ningx@daltonventure.cn

LG Energy Solution Establishes Battery Recycling Joint Venture with Derichebourg

  • Companies to build pre-processing facility in northern France to extract ‘black mass.’
  • Construction to begin in 2026; operations to commence in 2027
  • LG Energy Solution marks a critical first step toward a closed-loop system in Europe to strengthen value chain competitiveness.

SEOUL, South Korea, April 29, 2025 /PRNewswire/ — LG Energy Solution has announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant.

Construction will begin in 2026 in Bruyères-sur-Oise, located in the Val-d’Oise region of northern France, with operations scheduled to commence in 2027.

The new plant will specialize in pre-processing, such as discharging, dismantling and shredding battery scrap—waste generated during battery production—as well as the collection of end-of-life EV batteries.

Marking LG Energy Solution’s first battery recycling joint venture in Europe, this state-of-the-art facility will have a processing capacity of over 20,000 tons per year at its full operation.

The black mass extracted at the pre-processing facility will undergo further post-processing to recover key battery raw materials such as lithium, nickel, and cobalt, which will then be used in LG Energy Solution’s battery production.

Under the agreement, LG Energy Solution will supply battery scrap from its facility in Poland, while Derichebourg will provide end-of-life EV batteries collected from France and surrounding countries.

Through this joint venture, LG Energy Solution is accelerating the development of a closed-loop[1] resource circulation system in Europe. This aligns with the company’s goals to enhance raw material sourcing stability and strengthen its value chain competitiveness, while reinforcing Europe’s sustainable battery recycling ecosystem.

Considering the EU Battery Regulation, which mandates a minimum level of recycled content in batteries sold in Europe starting in 2031, this partnership will also effectively address upcoming regulatory requirements. In addition, the collaboration aims to support car manufacturers seeking to establish a closed-loop battery recycling system, further promoting a circular economy.

Derichebourg operates over 200 collecting sites in France and over 285 sites worldwide. LG Energy Solution and Derichebourg plan to deepen their strategic partnership and expand their joint efforts in the battery recycling business.

“This collaboration enables us to secure a stable and cost-competitive supply of recycled battery materials from the advanced processing of end-of-life batteries and battery scrap,” said Chang Beom Kang, CSO of LG Energy Solution. “This initiative will also significantly enhance the value we deliver to customers in the recycling sector.”

“This partnership fully supports our ambition to develop industrial solutions with a high environmental added value, while strengthening the local roots of our activities,” said Abderrahmane El Aoufir, CEO of Derichebourg.

[1] Closed-loop system: Enables the recycling of used batteries and the reuse of recovered materials in new battery production.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

Telix’s Illuccix PSMA-PET Imaging Agent Approved in France

New approval provides French hospitals and clinics with access to a proven PSMA-PET imaging agent

MELBOURNE, Australia, April 29, 2025 /PRNewswire/ — Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, Telix, the Company) today announces that its prostate cancer PET[1] imaging agent, Illuccix® (kit for the preparation of gallium-68 gozetotide injection), has been granted marketing authorization in France by ANSM[2] for the detection and localization of prostate-specific membrane antigen (PSMA)-positive lesions in adults with prostate cancer, a broad clinical label.

Illuccix, after radiolabelling with gallium-68, is indicated in France for the detection of prostate-specific membrane antigen (PSMA)-positive lesions with PET in adults with prostate cancer (PCa) in the following clinical settings:

  • Primary staging of patients with high-risk PCa prior to primary curative therapy.
  • Suspected recurrent PCa in patients with increasing levels of serum prostate-specific antigen (PSA) after primary curative therapy.
  • Identification of patients with PSMA-positive progressive metastatic castration-resistant prostate cancer (mCRPC) for whom PSMA-targeted therapy is indicated.

PSMA-PET[3] imaging represents a significant advancement in prostate cancer management, providing clinicians with more information than conventional imaging methods (bone scan, CT[4] scan) thereby offering a new standard of care after initial diagnosis and biochemical recurrence (BCR). Global guidelines recognise its superior accuracy in staging primary disease and assessing BCR/biochemical persistence (BCP)[5]. Illuccix® PSMA-PET will help address an important clinical need by supporting timely and effective diagnosis, as well as identifying patients who may benefit from PSMA-targeted therapy.

Illuccix’s broad approval is supported by robust clinical data, including the largest Ga-68-based PSMA data set from the VISION trial[6]. The approval of Illuccix® in France has the potential to resolve access challenges by enabling hospitals and clinics to prepare PSMA-PET scans on-site, offering physicians a quicker, more accessible solution.

Professor Frédéric Courbon, Head of the Medical Imaging Department – University Cancer Institute of Toulouse – Oncopole, commented, “PSMA-PET imaging is dramatically changing prostate cancer patient management. Thus, equitable and reliable access to PSMA-PET across France is essential.The approval of Illuccix® in France will address some of the access challenges, and reduce the risk of delayed diagnosis, with a readily available option for effective disease management.”

With its broad indication and ready-to-use formulation, Illuccix® is designed to support healthcare providers in delivering efficient and reliable imaging. The approval comes as demand for PSMA-PET continues to grow across Europe, reinforcing the need for solutions that fit within existing hospital workflows.

“The approval of Illuccix in France will enable a clinically validated PSMA-PET product to be more widely available, allowing healthcare providers to benefit from the convenience and flexibility of generator-produced gallium. This milestone reinforces our ongoing commitment to advancing prostate cancer care and expanding access to innovative diagnostic technologies across Europe,” said Raphaël Ortiz, Chief Executive Officer, Telix International.

Telix will partner with IRE ELiT S.A. (the radiopharmaceutical subsidiary of IRE Group), a leading provider of radioisotopes and radiopharmaceuticals for nuclear medicine, for the marketing and promotion of Illuccix® to healthcare professionals in France.

Jean Bonnet, Head of Strategy, Sales and Marketing, IRE EliT added: “We are pleased to collaborate with Telix and bring our expertise to expanding the availability of Illuccix throughout France. We are committed to ensuring that clinicians have access to reliable PSMA-PET imaging technologies to improve the lives of people living with prostate cancer.”

– ENDS –

Notes to editors

  • French healthcare professionals interested in ordering Illuccix® or learning more about availability can contact Eric Rizzo: eric.rizzo@ire-elit.eu 

Prostate Cancer in France

Prostate cancer is the most common cancer in men in France, with over 57,000 new cases diagnosed annually, and a significantly higher incidence in men than either lung cancer (32,800 new cases) or bowel cancer (27,000 new cases). Prostate cancer is also a common cause of cancer death in men, with over 9,200 men dying from their disease in France in 2022[7].

About Illuccix®  

Telix’s prostate imaging product, gallium-68 (68Ga) gozetotide injection (also known as 68Ga PSMA-11 and marketed under the brand name Illuccix®), has been approved by the U.S. Food and Drug Administration (FDA)[8], by the Australian Therapeutic Goods Administration (TGA)[9], by Health Canada[10], by the United Kingdom (UK) Medicines and Healthcare Products Regulatory Agency (MHRA)[11], by the French ANSM, and in multiple other European Economic Area (EEA) Member States[12]. Illuccix® is currently in national approval review across the European Economic Area following a positive decentralized procedure (DCP) opinion by BfArM[13].

About Telix Pharmaceuticals Limited

Telix is a biopharmaceutical company focused on the development and commercialization of therapeutic and diagnostic radiopharmaceuticals and associated medical technologies. Telix is headquartered in Melbourne, Australia, with international operations in the United States, Brazil, Canada, Europe (Belgium and Switzerland), and Japan. Telix is developing a portfolio of clinical and commercial stage products that aims to address significant unmet medical needs in oncology and rare diseases. ARTMS, IsoTherapeutics, Lightpoint, Optimal Tracers and RLS are Telix Group companies. Telix is listed on the Australian Securities Exchange (ASX: TLX) and the Nasdaq Global Select Market (NASDAQ: TLX).

Telix’s osteomyelitis (bone infection) imaging agent, technetium-99m (99mTc) besilesomab, marketed under the brand name Scintimun®, is approved in 32 European countries and Mexico. Telix’s miniaturized surgical gamma probe, SENSEI®, for minimally invasive and robotic-assisted surgery, is registered with the FDA for use in the U.S. and has attained a Conformité Européenne (CE) Mark for use in the European Economic Area. No other Telix product has received a marketing authorization in any jurisdiction.

Visit www.telixpharma.com for further information about Telix, including details of the latest share price, ASX and SEC filings, investor and analyst presentations, news releases, event details and other publications that may be of interest. You can also follow Telix on LinkedInX and Facebook.

Telix Investor Relations

Ms. Kyahn Williamson
Telix Pharmaceuticals Limited
SVP Investor Relations and Corporate Communications
Email: kyahn.williamson@telixpharma.com

Legal Notices

You should read this announcement together with our risk factors, as disclosed in our most recently filed reports with the Australian Securities Exchange (ASX), U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 20-F filed with the SEC, or on our website.

The information contained in this announcement is not intended to be an offer for subscription, invitation or recommendation with respect to securities of Telix Pharmaceuticals Limited (Telix) in any jurisdiction, including the United States. The information and opinions contained in this announcement are subject to change without notification.  To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to update or revise any information or opinions contained in this announcement, including any forward-looking statements (as referred to below), whether as a result of new information, future developments, a change in expectations or assumptions, or otherwise. No representation or warranty, express or implied, is made in relation to the accuracy or completeness of the information contained or opinions expressed in the course of this announcement.

This announcement may contain forward-looking statements, including within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as “may”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “outlook”, “forecast” and “guidance”, or the negative of these words or other similar terms or expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on Telix’s good-faith assumptions as to the financial, market, regulatory and other risks and considerations that exist and affect Telix’s business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix’s business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress and results of Telix’s preclinical and clinical trials, and Telix’s research and development programs; Telix’s ability to advance product candidates into, enrol and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals for Telix’s product candidates, manufacturing activities and product marketing activities; Telix’s sales, marketing and distribution and manufacturing capabilities and strategies; the commercialization of Telix’s product candidates, if or when they have been approved; Telix’s ability to obtain an adequate supply of raw materials at reasonable costs for its products and product candidates; estimates of Telix’s expenses, future revenues and capital requirements; Telix’s financial performance; developments relating to Telix’s competitors and industry; and the pricing and reimbursement of Telix’s product candidates, if and after they have been approved. Telix’s actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements.

©2025 Telix Pharmaceuticals Limited. The Telix Pharmaceuticals®, Telix Group company, and Telix product names and logos are trademarks of Telix Pharmaceuticals Limited and its affiliates – all rights reserved. Trademark registration status may vary from country to country.

[1] Positron emission tomography.

[2] National Agency for the Safety of Medicine and Health Products (Agence nationale de sécurité du médicament et des produits de santé).

[3] Imaging of prostate-specific membrane antigen with positron emission tomography.

[4] Computed tomography.

[5] European Association of Urology (EAU) Guidelines. Edn. presented at the EAU Annual Congress Paris 2024. ISBN 978-94-92671-23-3.: https://uroweb.org/guidelines/prostate-cancer;  Prostate cancer: European Society for Medical Oncology (ESMO) Clinical Practice Guidelines for diagnosis, treatment and follow-up. 2023: https://www.esmo.org/guidelines/guidelines-by-topic/esmo-clinical-practice-guidelines-genitourinary-cancers/clinical-practice-guidelines-prostate-cancer/eupdate-prostate-cancer-treatment-recommendations

[6] ClinicalTrials.gov ID: NCT03511664. VISION study sponsored by Endocyte, a Novartis company. Telix provided Illuccix® (TLX591-CDx) for PSMA-PET imaging.

[7] Global Cancer Statistics 2022: GLOBOCAN survey. Published August 2024.

[8] Telix ASX disclosure 20 December 2021.

[9] Telix ASX disclosure 2 November 2021.

[10] Telix ASX disclosure 14 October 2022.

[11] Telix ASX disclosure 13 February 2025.

[12] Denmark, Ireland, Luxembourg, Malta, the Netherlands, Norway and Sweden at time of release.

[13] The German Federal Institute for Drugs and Medical Devices (Bundesinstitut für Arzneimittel und Medizinprodukte). Telix ASX disclosure 17 January 2025.

 

EDXM Global Establishes Board of Directors with Senior Leaders from Citadel and Virtu Financial

SINGAPORE, April 29, 2025 /PRNewswire/ — EDXM Global today announced the formation of its Board of Directors, appointing industry leaders Rakesh Madamanchi, Peter Colven and Ramesh Arumugam as Board Directors. They collectively bring extensive expertise in trading infrastructure, operations and compliance, and will support CEO Kai Kono as EDXM Global expands institutional adoption of its digital asset trading venue.

Madamanchi joins the Board with an established track record in risk management and regulatory affairs. He has served as EDXM Global’s Chief Compliance Officer since May 2024 and brings over 18 years of experience across global financial institutions, including Blockchain.com, Wells Fargo, ANZ and Standard Chartered Bank to the Board.

Colven joins the Board as a Non-Executive Director. He is the APAC Chief Operating Officer at Citadel, where he oversees key corporate functions in the region. He brings extensive operational expertise to the Board, including over two decades of experience at Goldman Sachs across London, Tokyo and Hong Kong offices, where he worked in senior roles, including Chief Operating Officer and Chief Risk Officer in Global Markets for APAC.

Arumugam joins the Board as a Non-Executive Director. He is the APAC Managing Director at Virtu Financial. He joined the firm in 2020 as Head of Business Development in Asia, leading business development and expanding institutional access to high-speed, low-latency trading platforms. Prior to this, he held key roles at NYSE Euronext’s fintech division and SGX, where he led clearing and trading sales across global markets. Arumugam’s business development experience will support EDXM Global as it accelerates its expansion in the region.

“We are honored to welcome Rakesh, Peter and Ramesh to our Board of Directors as we serve our growing roster of institutional clients,” said Kai Kono, CEO of EDXM Global. “Each brings a wealth of proven leadership and operational expertise across global financial markets. Their guidance will be instrumental as we scale our infrastructure and further deepen institutional access to digital assets.”

About EDXM Global

EDXM Global is a fast-growing digital asset trading venue for institutional clients that leverages best practices from traditional financial markets on a purpose-built crypto platform. Based in Singapore, EDXM Global’s robust liquidity environment, modern technology and nonconflicted business model are designed to meet the needs of both crypto-native firms and the world’s largest financial institutions. EDXM Global is a subsidiary of EDX Markets Holding Company Inc.

About EDX

EDX is a digital asset technology firm that combines an institution-only trading venue with a central clearinghouse. EDX Markets, our flagship marketplace, is designed to emulate the world’s most sophisticated exchanges, with deep liquidity, firm prices and low trading costs. EDX has structured its business to minimize risk for its members while providing a diverse array of operational and capital efficiencies. Backed by some of the world’s leading trading and venture capital firms, EDX is actively developing new features and expanding its geographic presence to deliver trusted, liquid and efficient crypto trading experiences for all institutions. To learn more, visit edxmarkets.com.

Media Contact

For further information and interviews with Kai Kono:
press@edxmglobal.com | +61 416 219 358

Disclaimer: EDXM Global’s products and services are only available to non-US persons and non-US institutions in select jurisdictions.

NaaS Technology Inc. Announces Completion of ADS Ratio Change

BEIJING, April 29, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announces that the previously announced change of the ratio (the “ADS Ratio”) of its American depositary shares (the “ADSs”) to its Class A ordinary shares has taken effect at the open of business on April 28, 2025 (U.S. Eastern Time) (“Effective Date”).

The change in the ADS Ratio, from one ADS to 200 Class A ordinary shares to one ADS to 800 Class A ordinary shares, had the same effect as a one-for-four reverse ADS split. The exchange of one new ADS for every 4 previously-held ADSs occurred automatically upon effectiveness, with the previously-held ADSs cancelled and the new ADSs issued by JPMorgan Chase Bank, N.A., the depositary bank for the Company’s ADS program.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than 4 times the ADS trading price before the change.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

SunCar Technology Reports 2024 Annual Results

NEW YORK, April 29, 2025 /PRNewswire/ — SunCar Technology Group Inc. (the “Company” or “SunCar”) (NASDAQ: SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported annual financial results for the year ended December 31, 2024.

Recent & Full Year 2024 Highlights

  • Revenue for 2024 increased 21% to $441.9 million, compared to $363.7 million in 2023
  • Adjusted EBITDA for 2024 increased 492% to $9.8 million, compared to $1.6 million in 2023
  • Expanded collaboration with Tesla to 48 cities from an initial 6 at the start of the year
  • Initiated an innovative partnership with Xiaomi to offer customized insurance products
  • Secured a two-year agreement with SAIC Maxus, a leading commercial vehicle manufacturer, to enhance eInsurance management across its dealership network
  • Increased our collaboration with auto dealers, initially with Chang’an Deepal. We embedded our insurance systems into its dealers to enable the sale of new products
  • Signed an exclusive partnership with Sam’s Club to offer car wash services for premium members across 17 major cities in China
  • Established Anji AI Technology Service Center to co-develop insurance products with our auto partners and increase their new policies, renewals, and extended warranties sales.
  • Developed AI-enhanced customer engagement features, reducing service response times, enhancing the cross-selling of insurance and non-insurance products, and increasing customer satisfaction.

Management Commentary

Zaichang Ye, Chairman and CEO of SunCar, commented, “I’m pleased with our strong 2024 results, including record revenue of $442 million and an almost 500% increase in adjusted EBITDA. These are significant milestones that reflect our business momentum. Our 100% focus on China’s domestic auto market means we are largely unimpacted by geopolitical factors. This year, we have made important progress in advancing our AI cloud-enabled SaaS model, increasing our recurring revenue, and positioning SunCar for sustained and scalable growth. The continued focus of our EV partners on improving their customers’ post-sale journey provides a long-term and meaningful tailwind for the business. Looking to 2025 and beyond, we remain focused on expanding our AI and software development capabilities, broadening our product offerings, and deepening our partnerships to deliver greater value for our customers and shareholders.”

 eInsurance Review

  • In Q4, 2024, we expanded the co-development of new insurance products with Tesla, as an early adopter, and received positive feedback from the customer.
  • Initiated an innovative partnership with Xiaomi to begin the sale of customized auto insurance with their first vehicle delivery in April 2024
  • Progressed our eInsurance partnerships with leading EV manufacturers including Nio (NIO), Zeekr (ZK), Li Auto (LI), XPeng (XPEV), Seres (601127.SHH), Leapmotor (9863.HK), SAIC Motor (600104.SS), and Changan AVATR (000625.SHE). These collaborations have driven GMV growth beyond expectations.
  • Advanced development of the SaaS business by securing a specific contract with Zeekr to develop and integrate our insurance platform into Zeekr’s app ecosystem.
  • Secured a two-year agreement with SAIC Maxus, a leading commercial vehicle manufacturer, to enhance eInsurance management across its dealership network.
  • Increased collaboration with auto dealers: Starting with Chang’an Deepal dealers, we embedded our insurance systems into the dealer networks to enable the sale of new products. SunCar has hired four regional managers to support cooperation with the dealers.
  • Actively engaged in discussions with multiple other gas vehicle manufacturers regarding the significant benefits our eInsurance platform offers to the traditional gas vehicle market
  • Expanded our portfolio of insurance products by building customized, vehicle-specific insurance, including loaner vehicles and repair subsidies for various sales channels

Auto Services Review

Luxury Concierge Services’ Expansion

  • Provided high-end limousine services for leading luxury brands, including Chanel, Dior, and Omega, most notably supporting Chanel’s 2024 Hangzhou Show by providing high-quality transportation services for its VIP guests.
  • Secured an exclusive partnership with Sam’s Club to offer car wash services for premium members across 17 major cities in China.

Increased Cooperation with China’s Major App Companies

  • Renewed car wash service agreements with Didi, Meituan, and Alipay.
  • Signed a new car wash partnership with Douyin.
  • Enhanced Alipay collaboration: Expanded from offering “Car Life” channel discounts into the “Car God Card” program.
  • Strategic partnership with Ant Fortune to launch exclusive airport limousine services for Ant Fortune Black Card V3 members, which target high-net-worth clients.

New Projects and Expanded Services to Bank Customers

  • Expanded long-standing auto services’ partnerships with China’s leading banks. In particular, the Company utilizes AI technology to improve the efficiency of its services’ network and our Auto Services’ operations in general
  • Increased our extensive portfolio of 400+ bank-industry projects by adding 39 new projects, including card organizations. Key new projects include:

National & Joint-Stock Banks:

    • CITIC Private Banking – domestic/international airport transfers)
    • ICBC Platinum/Black Card – airport transfers
    • China Merchants Private Banking – domestic limousine services
    • Bank of China Mastercard – airport transfers
    • Bank of Communications – personal travel services

Regional Bank Projects:

    • Shanghai Rural Commercial Bank – retail travel services
    • Mengshang Bank – designated driver services
    • Agricultural Bank of China – car wash services
    • Agricultural Bank of China – designated driver services
    • CCB Dragon Card – car wash services
    • ICBC – smart outbound calling

Increased Auto Services Collaborations with Major Insurance Firms

  • Partnered with over 100 insurance branches, including Ping An’s top 10 P&C branches and 20+ branches of China Continent Insurance.
  • Broadened service scope beyond traditional offerings to include limousine transfers and EV charging, aligning with evolving customer and market demands.

Technology and Innovation Review

  • Leveraged AI to improve operations and customer experience through innovative new product features, including real-time flight delay alerts, intelligent order reminders, driver and vehicle analytics, and call quality monitoring.
  • Integrated AI features into our products that drove cost savings, operational efficiencies, and higher customer satisfaction. From an internal operations perspective, the extensive use of AI is improving the efficiency of our software development and testing processes.
  • Through co-development projects, we are helping our EV customers cost-effectively build customized insurance solutions that capture downstream insurance and maintenance revenue.

Management Update  

  • Appointed Breaux Walker as Chief Strategy Officer. With significant business development and investment banking experience in technology, Mr. Walker has successfully scaled companies in China and North America. He joined SunCar in 2024 as a consultant and drives our strategic growth initiatives.

Full Year 2024 Financial Results

  • Revenue increased by 21% to $441.9 million for the year ended December 31, 2024, from $363.7 million for the year ended December 31, 2023.
  • Auto eInsurance revenue increased by 44% to $170.5 million for the year ended December 31, 2024, from $118.1 million for the year ended December 31, 2023. This growth was driven by the increased number of insurance policies sold in the year ended December 31, 2024.
  • Technology Services revenue increased by 46% to $44.9 million for the year ended December 31, 2024, from $30.7 million for the year ended December 31, 2023.
  • Auto Services revenue increased 5% to $226.5 million for the year ended December 31, 2024, from $215.0 million for the year ended December 31, 2023.
  • Operating costs and expenses increased to $500.3 million for the year ended December 31, 2024, and $379.2 million for the year ending December 31, 2023.
  • Integrated service costs increased to $226.2 million in 2024, from $209.6 million in the prior-year period.
  • Selling expenses increased from $20.6 million in the year ended December 31, 2023, to $22.6 million in 2024. This increase was primarily due to an increase in promotion expenses of $5.3 million for market expansion, partially offset by a decrease of $2.3 million for compensation for part-time sales personnel and $1.2 million for depreciation of fixed assets.
  • General and administrative expenses increased from $22.5 million in 2023 to $47.0 million in 2024. This increase was primarily due to a $31.0 million increase in share-based compensation expenses related to the 2024 Equity Incentive Plan and a $5.4 million increase in expected credit losses on account receivables.
  • Research and development expenses increased from $14.1 million in 2023 to $40.2 million in 2024. The primary reason for the increase was a $31.0 million share-based compensation expense related to the 2024 Equity Incentive Plan. This one-time expense was partially offset by a decrease of $4.9 million in technology service fees due to reduced purchases of external services.
  • Adjusted EBITDA, a non-GAAP metric that excludes certain non-recurring items and non-cash expenses, is helpful in evaluating our operational performance in addition to the GAAP metrics. Our Adjusted EBITDA increased by 492% to $9.8 million for the year ended December 31, 2024, compared to $1.6 million for the year ended December 31, 2023.

Conference Call Information

SunCar will host a conference call on Tuesday, April 29th at 8:00 AM ET (5:00 AM PT) for the investment community to discuss the Company’s financial results and provide a business update.

To access the call by phone, please dial 1-877-407-0752 (for international callers, please dial 1-201-389-0912) approximately 10 minutes prior to the start of the call. An audio webcast of the conference call will be available online at https://viavid.webcasts.com/starthere.jsp?ei=1716706&tp_key=51381ecbeb.

A webcast replay will also be available for a limited time at the following link: https://viavid.webcasts.com/starthere.jsp?ei=1716706&tp_key=51381ecbeb.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the auto eInsurance market for electric vehicles and the B2B auto services market. The Company’s intelligent cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. Through SunCar, drivers gain access to a wide variety of high-quality services from tens of thousands of independent providers, all from a single application. For more information, please visit: https://suncartech.com

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans, and prospects that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. For a detailed discussion of these risks, please refer to the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise these statements, except as required by law.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

U.S. Investor Relations
Tom Cook
Managing Director
ICR
Email: Tom.Cook@icrinc.com