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2 Billion USD Polypropylene (PP) Production Plant and Terminal Investment to Contribute $300 Million Annually to Türkiye’s Trade Balance

ISTANBUL, April 25, 2025 /PRNewswire/ — Rönesans Holding, one of Europe’s leading contracting and investment groups, has initiated one of the largest private sector investments in Türkiye to date: the construction of a new Polypropylene (PP) Production Plant and Liquid Bulk Terminal in Ceyhan. With a total investment of $2 billion, these strategic projects aim to increase Türkiye’s industrial self-sufficiency, reduce foreign dependency, and enhance the country’s position in global trade.

 

Erman Ilıcak, Honorary President of Rönesans Holding
Erman Ilıcak, Honorary President of Rönesans Holding

 

Dr. Erman Ilıcak, Honorary President of Rönesans Holding, said: “Once operational, these projects will directly contribute USD 300 million annually to reducing Türkiye’s current account deficit.”

Rönesans Holding recently announced that it has secured total of $1.3 billion in financing for these projects –from the U.S. International Development Finance Corporation (DFC) and Spain’s Export Credit Agency (Cesce).

Dr. Ilıcak highlighted the group’s longstanding role in advancing Türkiye’s economy through value-added projects: “Our story began with international contracting services. To date, we have undertaken projects worth a total of USD 50 billion. Seventy per cent of this, approximately USD 35 billion, was carried out abroad, and we have pioneered many firsts in the world in this field. We have worked on a wide range of projects, from Europe’s longest tunnel to its tallest building, from the world’s largest GTG facility to the world’s largest seismically isolated building. Following this, we became a large-scale investment holding company operating in real estate, social infrastructure, renewable energy, and more recently, industrial facilities. Over the past 15 years, with the significant contributions of stakeholders such as the World Bank’s investment arm IFC and the EBRD, we have structured our business in line with sustainable development goals.”

He continued: “Our model is centred on developing the right project with the right partners, and delivering it at the right time. We have successfully implemented this model with partners such as Singapore’s sovereign wealth fund GIC, Meridiam Infrastructure from France, Japan’s Sojitz, Samsung C&T, and TotalEnergies. Together, we have completed $10 billion worth of investments in Türkiye. These initiatives have laid the foundation for broader transformation, and we will continue to focus on projects that help reduce our country’s trade gap.”

Ceyhan Projects Developed with Expertise from 12 Countries

Reflecting on shifting global economic trends, Dr. Ilıcak said: “Protectionism is increasing, and supply chains are being reshaped. Energy and production are becoming localised. This transformation holds significant opportunities for countries like ours. In particular, strategic heavy industry investments are needed to reduce the foreign trade deficit arising due to imports of industrial machinery, plastics and chemicals, as well as industrial and precious metals. Over the past 10 years, industrial investments totalling approximately USD 20 billion have been made in Türkiye, including projects worth over USD 500 million. But this is not enough.”

He further emphasised: “To close the gap, Türkiye needs to allocate at least $12 billion annually over the next five years, totalling $60 billion. If an investment initiative of this scale is undertaken, we could see a USD 15 billion annual increase in GDP and a USD 10 billion reduction in the foreign trade deficit. At Rönesans Holding, we have secured international financing for our Ceyhan Polypropylene Production Facility and Liquid Bulk Terminal investments, totalling USD 2 billion, which serve this very purpose. The construction of these projects, developed in collaboration with expert solution partners from 12 countries, are ongoing. Once operational, these investments will directly contribute USD 300 million annually to reducing Türkiye’s current account deficit.”

Attracting Foreign Investment Through Strong Partnerships

Dr. Ilıcak also reflected on the importance of international collaborations: “Perhaps the most challenging project we undertook with the EBRD was Türkiye’s transformation in healthcare. The EBRD shared its expertise from around the world. As a result, Türkiye was able to attract USD 15 billion in financing from abroad and carry out its healthcare transformation. We also worked with the IFC for many years on project financing. In difficult conditions, IFC has always stood by our side. We have formed company partnerships with them. Most recently, we have been developing a PPP hospital in Kazakhstan together. In every project we have undertaken, the first question they asked was, ‘What will be the social impact of this?’ Profitability was always the last topic. Those are the reasons why I am grateful to both banks.”

He concluded: “Our relations with Central Asian countries, in particular, have developed substantially. Then, our ties with African countries began to strengthen. Today, Türkiye has become a hub that serves a population ten times its own, meeting needs such as healthcare and education. We closely follow these developments and ensure that growing diplomatic relations are also reflected in trade. We are working to support the progress of Türkiye’s industrialisation initiative. We secure financing from abroad to carry out our projects wherever possible instead of using our country’s limited resources.”

 

Ceyhan Polypropylene (PP) Production Plant and Terminal
Ceyhan Polypropylene (PP) Production Plant and Terminal

 

 

Creww and Real Madrid Next launch Batch 2 of “Real Madrid Next Accelerator for Asia”


TOKYO, JAPAN – Media OutReach Newswire – 25 April 2025 – Creww Inc. (Japan Office: Shibuya-ku, Tokyo, Representative: Sorato Ijichi, hereinafter “Creww”), Japan’s leading open innovation platform provider, and Real Madrid Next are pleased to announce the launch of “Real Madrid Next Accelerator for Asia” Batch 2, an accelerator program which started in 2024, aimed to create business partnerships between Real Madrid Next and Asian startups.

For Batch 1, launched in January 2024, we have successfully selected 7 startups out of more than 800 applicants, and the startups are continuing their PoC trials, aiming to achieve innovative collaborations.

Creww will continue to partner with Real Madrid Next to bring innovative technologies and services from Asian startups to develop projects that aim to improve and advance the sports industry. “Real Madrid Next Accelerator for Asia” is designed not only to boost the growth of Asian startups, but to also create an innovation community for Real Madrid Next, by carrying out continuous programs for Asian startups to innovate the sports industry as a whole in the decades to come.

Applications for the program have opened today, on April 25th.
Please visit https://global.creww.me/global/ja/real-madrid-next-accelerator-for-asia-2 to apply.

Program Theme
The program will focus on Real Madrid Next’s six areas of work.

1. E-Health – technological innovation to help improve the physical and mental abilities of athletes, influencing prevention, diagnosis and sports recovery

2. Performance – tools and methods to improve the ability to evaluate the performance of athletes from data and analysis

3. Audiovisual – innovative content to improve the audiovisual experience with immersive technologies and new multimedia channels

4. Fan Engagement – creation of loyalty products and services that will revolutionize the fans’ online and offline experience, both inside and outside the stadium

5. Cybersecurity & Technology – new tools to protect online data, prevent loss of information, ensure access to the stadium and control its flows

6. Social – supporting the social participation through the Real Madrid Foundation, defining instruments for managing cooperation and improving social tools and environmental sustainability

Program Timeline (as of April 2025)

April 25th – June 20th 2025 Application
Late June – Late September 2025 Selection of startups
October – December 2025 PoC Contract signing
January – May 2026 PoC
June – July 2026 Demo Day

Program Overview

Program Name Real Madrid Next Accelerator for Asia
Target early and middle-stage startups in Asia in the field of sports-tech, health-tech, fan engagement, etc. which aligns with Real Madrid Next’s six areas of work
Expected Outcome business partnerships*
Application
Please visit below to apply:
https://global.creww.me/global/ja/real-madrid-next-accelerator-for-asia-2
Organizer Real Madrid Next, Creww Inc.

*There is a possibility that Creww will provide equity investments to the selected startups.

Comment from Real Madrid Next
The first cohort of the Real Madrid Next Accelerator for Asia gave us access to many talented companies. We were able to involve startups from different areas of the Real Madrid ecosystem and benefit from cutting-edge technologies and exceptional know-how. We are now excited to launch the second batch and soon meet this new generation of sports technology entrepreneurs in Asia.

About Real Madrid Next
Real Madrid Next is the brand under which Real Madrid’s innovation projects are developed, with the collaboration of startups and companies looking to improve performance with the support of the Real Madrid ecosystem. Real Madrid Next focuses on six work areas: e-health, performance, fan engagement, audiovisual, cybersecurity & technological infrastructures and social. In all of them we seek excellence and the greatest technological advance possible to allow the club to enhance its digital transformation and keep its leadership in the sports industry. Learn more at https://www.realmadridnext.com/en/next/home.
Hashtag: #creww #realmadrid #realmadridnext #accelerator #asia #startup #sports #technology #sportstech #healthtech




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

About Creww

Creww Inc. runs Japan’s largest open innovation platform. With a vision to “build an age of bravery,” Creww supports all startups, entrepreneurs, businesses and individuals that take on new challenges.

Since its founding in 2012, Creww has organized more than 500 open innovation programs between companies, local governments and startups, and has achieved approximately 1,500 collaborations, with over 8,500 startups registered on the platform. Creww aims to contribute to the startup ecosystem in the Asia-Pacific region and beyond, starting with promoting open innovation with Korea, Taiwan and more.

Company Overview
Company: Creww Inc.
Established: 2012/8/13
Address: Daiichi Akatsuki Bldg. 4F 1-19-9, Dogenzaka, Shibuya, Tokyo, Japan
Representative: Sorato Ijichi, CEO
URL:

Fosun Develops Business for Good and Creates IMPACT

Releases 2024 ESG Report and the Third Climate Information Disclosures Report

HONG KONG, April 25, 2025 /PRNewswire/ — Fosun International Limited (HKEX stock code: 00656, “Fosun International”), together with its subsidiaries (“Fosun” or the “Group”), issued the Environmental, Social and Governance (ESG) Report 2024 (the “ESG Report”). Facing the increasingly severe challenges of global climate change, Fosun released its third Climate Information Disclosures Report with reference to the Part D of Appendix C2 of the Main Board Listing Rules (the “New Climate Requirements”) of the Hong Kong Stock Exchange, the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and International Financial Reporting Standards S2 Climate-related Disclosures Requirements (“IFRS S2”).

With the original aspiration of “Self-improvement, Teamwork, Performance, and Contribution to Society”, Fosun firmly believes in its commitment to developing business for good. While strengthening its business operations, Fosun continuously refines its sustainable development strategy to address changes in the global economy, society, and environment, ensuring long-term competitiveness while creating social value. Last year, Fosun formulated its sustainable development strategy, focusing on six key directions under “Create IMPACT”, which stands for I: Innovation-driven, M: Mindful Operation, P: People and Partner Oriented, A: Advanced Governance, C: Climate and Planet Positive and T: Transparency.

Actively driving global sustainable development and achieving outstanding ESG ratings

In 2024, Fosun continued to focus on its core businesses. By leveraging its increasingly sophisticated global business presence, it operated responsibly across more than 35 countries and regions, actively contributing to public welfare and creating sustainable value worldwide. Fosun has long been dedicated to philanthropy projects in areas such as rural revitalization, healthcare, educational equity, community construction, culture and art, significantly expanding its impact across global communities and striving to build a more responsible, inclusive and sustainable future.

As a responsible global citizen, Fosun officially joined the United Nations Global Compact (“UN Global Compact”) in 2014. It fully supports the ten principles of the UN Global Compact on human rights, labor, environment and anti-corruption, and has deeply integrated these principles into its “Create IMPACT” sustainable development strategy and code of conduct. Over the past year, despite the global environmental, social and economic uncertainties, Fosun remained committed to sustainable development, diligently upholding its long-term commitments in key areas of sustainable development, and achieving good results. Fosun International maintained an MSCI ESG rating of AA, achieved an HSI ESG rating of AA-, ranked in the top 5% among global peers in latest S&P Global’s Corporate Sustainability Assessment (CSA), was included in S&P Global’s Sustainability Yearbook 2025, and was selected as the top 1% in S&P Global’s Sustainability Yearbook (China Edition).

Actively responding to climate change and promoting low-carbon transformation

In response to climate change, the Group has transitioned from passive adaptation to active participation and innovation. At the top-level organizational structure, under the guidance of the Board of Directors (the “Board”) and the Carbon Neutrality Committee, Fosun International has achieved several key phased goals, such as incorporating carbon neutrality indicators into the performance appraisal of the management, establishing a carbon emission management system and audit standards, and conducting greenhouse gas inventory training across the Group. In terms of technology-driven low-carbon transformation, the Group has accelerated the adoption of low-carbon technologies, leveraging innovative technologies to drive the low-carbon transformation of the industrial chain and provide consumers with more sustainable products and services. In terms of financial innovation, in 2024, the Group successfully completed a sustainability-linked syndicated loan amounting to USD888 million, ranking among the top in similar loans for Chinese private enterprises. This achievement has effectively supported the implementation of the Group’s sustainable development strategy.

Fosun actively responds to the national “dual carbon” goals by promoting carbon neutrality and energy conservation and emission reduction. In 2021, Fosun made a commitment to society – “strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050”. Fosun has formulated strategies for climate change mitigation and adaptation to align with the 1.5°C temperature control target set in the Paris Agreement. As 2024 marked the final year before Hong Kong Stock Exchange’s New Climate Requirements came into effect, Fosun International proactively aligned with international standards such as TCFD and IFRS S2, and released its third Climate Information Disclosures Report, enhancing the transparency of its climate actions and demonstrating its commitment to ongoing efforts in this area.

The Group also actively encourages its member companies to carry out climate actions. The Bund Finance Center (BFC), the Group’s base in Shanghai and a landmark in Shanghai, was awarded the LEED Platinum certification, which is hailed as the “Oscar Award” in the green building industry, with a score of 97 points to set a new world record in 2022. During the reporting period, BFC maintained the LEED Platinum certification, showcasing BFC’s exceptional commitment to green building practices and promoting low-carbon sustainable development. In August 2024, BFC was successfully included in Shanghai’s first batch of carbon peaking and carbon neutrality pilot demonstration projects, becoming the only large-scale commercial complex exceeding 200,000 square meters on the list.

In 2024, Fosun Insurance Portugal (Fidelidade) participated in the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change for the second consecutive year to discuss climate change response strategies and corporate responsibilities with industry peers. During the COP29, Fosun Insurance Portugal launched the Impact Center for Climate Change (ICCC), a platform for the study, research and sharing of knowledge with society. The ICCC promotes knowledge production in the field of climate risks and helps the insurance industry enhance its capacity to address climate change.

Leveraging innovation to actively contribute to society

Fosun adheres to the innovation-driven strategy, and the anticancer and antimalarial drugs developed by its health industries have widely benefited cancer patients and severe malaria patients. Henlius’ innovative drug, HANSIZHUANG (serplulimab injection), an anti-PD-1 monoclonal antibody, was approved for marketing in the European Union in early 2025. This milestone makes it the first and only PD-1 innovative drug approved for the first-line treatment of extensive-stage small cell lung cancer (ES-SCLC) in the European Union. As of the end of 2024, Fosun Pharma’s independently developed artesunate for injection had saved more than 80 million severe malaria patients worldwide, with more than 400 million doses supplied globally.

In the Chinese mainland, Fosun Kairos’ first CAR-T cell therapy product, Yi Kai Da (ejilunsai injection), had benefited over 800 lymphoma patients as of the end of 2024. Additionally, Intuitive Fosun’s Ion Robotic Bronchoscopy (“Ion System”) was approved by the National Medical Products Administration in 2024. Fosun has been actively fostering global win-win cooperation to enhance the accessibility and affordability of medical technologies, ensuring that more patients can benefit.

In order to better promote the fulfilment and implementation of corporate social responsibility, Fosun Foundation was established in 2012. It has been making unremitting efforts in the fields of global emergency relief, rural revitalization, health, education, culture and art, youth development, etc. to create social value. Among these initiatives, the Rural Doctors Program has supported 25,000 rural doctors and benefited 3 million rural families since its launch in 2017. Moreover, the “Rural Doctors Program Empowering Rural Medical Services” was included in the “20 Cases of Private Sector’s Sustainable Development in China for 20 Years” Report of the UN Global Compact.

Regarding youth entrepreneurship and development, under the principle of “Innovation and People-oriented Development”, Fosun Foundation, in collaboration with Fidelidade and Portugal’s healthcare group Luz Saúde, launched the sustainable innovation project “Protechting Global Youth Innovation and Entrepreneurship Competition” in early 2016. Since 2018, the Protechting competition has incubated 40 pilot projects and led to 5 commercial collaborations. On 9 April 2025, the 7th Protechting Global Youth Innovation and Entrepreneurship Competition took place in Lisbon, the capital of Portugal, where the top four finalists were announced. In May 2025, these four teams will visit Shanghai, Macau, Shenzhen, and Hong Kong for exchanges and roadshows, while also seeking potential business collaboration opportunities. Over the past seven years, the Protechting competition has expanded from Portugal to Europe and now to China and beyond, becoming an international platform for technology innovation exchange that connects young people from different cultures and continents.

Linking ESG performance to Board appraisal through a top-down, long-term ESG mechanism

Fosun has established a top-down and long-term mechanism for ESG improvement and has included ESG management performance as an evaluation factor in the Executive Directors’ performance assessment, and the ESG management performance appraisal mechanism is also extended to the CEOs of the Group and the personnel in charge of each business group. Fosun has set up an ESG Board Committee under the Board to assist the Board in guiding and overseeing the Group’s ESG development and implementation. At the management and decision level, Fosun has established an ESG Executive Committee under the management to provide decision support for the implementation of ESG strategies. At the implementation level, the Group has also set up an ESG Management Committee and an ESG Working Group to implement ESG strategies and related actions and ensure the establishment of appropriate and effective ESG risk management and internal control system.

Looking ahead, Fosun will continue to keep abreast of the development of the global sustainable development field, refine and enhance Fosun’s ESG management, actively respond to national strategies, implement “dual carbon” goals, promote rural revitalization, expand impact across global communities in areas such as healthcare, educational equity, community construction, culture and art. In operational management, Fosun will continue to promote initiatives such as ensuring information security, promoting technology innovation, and protecting employees’ rights and interests, which collectively drive the integration of sustainable practices and value creation. Leveraging the resources and advantages of Fosun’s global industrial ecosystem, Fosun endeavours to create a positive impact on sustainable development and continuously create a better world.

– End –

For more information on Fosun’s ESG, please refer to Fosun International’s ESG Report 2024 posted on the Hong Kong Stock Exchange’s website (http://www.hkexnews.hk)
or the Company’s ESG webpage (https://en.fosun.com/esg/)
The electronic copy of the 2024 Climate Information Disclosures Report is available on the Company’s ESG webpage: (https://en.fosun.com/esg/)

About Fosun

Fosun was founded in 1992. After more than 30 years of development, Fosun has become a global innovation-driven consumer group. Adhering to the mission of creating happier lives for families worldwide, Fosun is committed to creating a global happiness ecosystem fulfilling the needs of families worldwide in Health, Happiness, and Wealth. In 2007, Fosun International was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of 31 December 2024, Fosun International’s total assets amounted to RMB796.5 billion and it received an AA MSCI ESG rating.

Digital Storytelling: “Zhengzhou in Cultural Relics” Debuts with AR Reconstructions Global Premiere on International Day for Monuments and Sites


ZHENGZHOU, CHINA – Media OutReach Newswire – 25 April 2025 – On International Day for Monuments and Sites (April 18), Zhengzhou in central China’s Henan Province launched the documentary series “Zhengzhou in Cultural Relics” for global distribution, digitally bringing the brilliance of Central Plains civilization to worldwide audiences.

image-1.jpeg

Curated from the 50-episode documentary “Zhengzhou in Cultural Relics”, the 10-episode series highlights major cultural heritage sites in Zhengzhou, including the Shuanghuai Tree “Heluo Ancient Kingdom”, Peiligang Site, and the Pagoda Forest of Shaolin Temple. Using animation, reenactments, and other techniques, it brings these ancient sites to life, blending storytelling with historical interpretation.

Shuanghuaishu Site in Gongyi, Zhengzhou, Henan Province
Shuanghuaishu Site in Gongyi, Zhengzhou, Henan Province

Zhengzhou, capital of Henan Province and once known as Shang Capital, sits at the heart of China. A key cradle of Chinese civilization, it ranks among the nation’s eight major ancient capitals. The city boasts 2 World Heritage Sites (12 entries), 83 national-level key cultural relics protection sites (89 entries), and nearly 10,000 immovable cultural relics. Its archaeological finds have been listed in China’s “Top Ten New Archaeological Discoveries” 16 times, more than any other Chinese city. Over recent years, Zhengzhou has excelled in archaeological research, museum revitalization, top-tier exhibitions, and cultural heritage promotion, winning wide acclaim.

“Zhengzhou in Cultural Relics“, jointly produced by Zhengzhou’s Institute of Cultural Relics and Archaeology and Xinhua News Agency, took five years to craft. In 2024, the documentary was named an “Excellent Project for Chinese Cultural Relics New Media Dissemination” by the National Cultural Heritage Administration, making it Henan Province’s sole honoree that year.

Hashtag: #ZhengzhouInstituteofCulturalRelicsandArchaeology

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

Chery LEPAS Makes Global Debut: Redefining Future Mobility with Elegant Technology

WUHU, China, April 25, 2025 /PRNewswire/ — On April 24, 2025, Chery officially unveiled its new brand LEPAS, showcasing the debut model L8 at a global launch event themed “COLORFUL LIFE, MASTERFUL DRIVE.” Over 800 key dealers and leading media representatives worldwide witnessed the milestone. Positioned as Chery’s strategic cornerstone for “elevated positioning, enhanced value, and market growth,” LEPAS pioneers the vision of “elegant mobility,” aiming to reshape the future mobility ecosystem through intelligent technology and aesthetic design.

Zhang Guibing, President of Chery International, announced LEPAS will launch five models within three years. The product rollout will commence with the segment-defining SUV L8 launching in December 2025, followed by the A-class urban L6 targeting metropolitan elites and the agile A0-class L4 designed for style-conscious female drivers. LEPAS will pursue global market expansion through diversified strategies, targeting a worldwide network of 1,200 sales outlets and annual production and sales volume of 500,000 units, thereby creating new growth opportunities for partners.

L8 at the LEPAS Launch Event
L8 at the LEPAS Launch Event

Backed by Chery’s global R&D network and technology expertise, LEPAS is built on four foundational pillars: Leopard Aesthetics Design, Luxurious Space, Intelligent Safety, and Chery Super Hybrid. LEPAS L8 draws design inspiration from the muscular contours of a sprinting leopard, masterfully blending dynamic aesthetics with mechanical philosophy. Its distinctive vertical-pupil headlights and minimalist interactive cockpit create a perfect balance between power and elegance. The vehicle achieves groundbreaking advancements in intelligent systems, safety features, and scenario adaptability, fulfilling users’ dual aspirations for cutting-edge technology and sophisticated aesthetics.

“LEPAS will innovate upon Chery’s technology base to revolutionize human-vehicle interaction through intelligent solutions, delivering premium yet value-driven mobility experiences for users worldwide,” stated Zhong Wei, Deputy CEO of LEPAS. Through LEPAS’s global expansion, Chery marks its strategic evolution from automotive manufacturer to mobility lifestyle trendsetter, poised to reshape the global automotive value landscape with elegant approach.

 

ReTo Eco-Solutions, Inc. Announces Acquisition of Majority Interest in MeinMalzeBier Holdings Limited

BEIJING, April 25, 2025 /PRNewswire/ — ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (“ReTo” or the “Company”), a manufacturer of ecological environment protection equipment and intelligent equipment in China, today announced that on April 25, 2025, it has closed the acquisition of 51% equity interest of MeinMalzeBier Holdings Limited, a British Virgin Islands business company (“MeinMalzeBier”). MeinMalzeBier, a company engaged, through its PRC operating subsidiaries, in the marketing and sales of craft beer and craft beer machines in China.  

Earlier this year, ReTo launched the sales of its proprietary smart craft beer machines, marking a strategic expansion of its intelligent equipment into the beverage market. The acquisition of MeinMalzeBier is expected to create strong synergies with the Company’s new product line, leveraging MeinMalzeBier’s established sales network and market experience to accelerate product adoption and market penetration. The combination of the two businesses is expected to enhance the Company’s market reach, improve cash flow, and contribute positively to its overall financial performance.

“We believe that integrating MeinMalzeBier’s business into our operations has strong potential to accelerate our expansion of our intelligent equipment market,” said Hengfang Li, Chief Executive Officer of ReTo. “This acquisition marks an important milestone in our ongoing strategy to diversify and strengthen our business portfolio. MeinMalzeBier’s market expertise is complementary to our existing operations, and we expect to realize meaningful synergies that will bolster our long-term financial health and market competitiveness.”

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its operating subsidiaries in China, is engaged in the research and development, manufacture and sales of ecological environment protection equipment and intelligent equipment. The Company provides consultation, design, implementation and installation of its equipment and related parts, as well as engineering support and technical advice and services. For more information, please visit: http://en.retoeco.com

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company’s ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

ReTo Eco-Solutions, Inc.
Tel: +86-10-64827328
Email: ir@retoeco.com or 310@reit.cc

 

Baijiayun Announces Plan to Invest Tens of Millions of Dollars Over Five Years to Build New Ecosystem for Autism Rehabilitation

BEIJING, April 25, 2025 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (NASDAQ: RTC), a one-stop AI video solution provider, announced a Letter to Investors, in which Baijiayun CEO Mr. Yi Ma stated that following its partnership with Xinlantian, the company plans to invest tens of millions of dollars over the next five years to establish new ecosystem for autism rehabilitation.

Baijiayun CEO Mr. Yi Ma stated that over the past decade, Baijiayun has continuously deepened its presence in the education sector, possessing a strong technological moat and ecological synergy. Leveraging its experience and advantages in technological research and development, platform construction, and market operations, Baijiayun is confident in achieving significant results in the field of autism rehabilitation, creating new growth points for the company’s performance, bringing new possibilities for more “children of the stars” in the field of special education, and achieving a win-win situation for both corporate and social values.

According to data from the 2023 China Disability Census Report, the number of autistic patients in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.

The full text of the open letter is as follows:

Letter to Investors: Explanation and Prospects on Partnerships in the Field of Autism Rehabilitation

Dear Investors and Partners,

Firstly, we sincerely thank you for your continued attention and support for our company. Last week, after the company announced its in-depth collaboration with Xinlantian in the field of autism rehabilitation, we received enthusiastic encouragement and valuable suggestions from investors, partners, and various sectors of society. And a large number of positive discussions emerged on social media platforms.

We understand that this attention stems from the deep expectations of investors and various sectors of society regarding technology empowering social issues. We feel a great social responsibility for this and therefore wish to interpret the motivations, planning, and future actions of the partnership, and we looking forward to witnessing the long-term value of this cause with you.

Background and Opportunities for the Company’s In-Depth Exploration of the Autism Field

Autism, as a neurodevelopmental disorder, is increasingly becoming a global public health concern. According to relevant data, the global incidence of autism is on the rise year by year.

According to data from the 2023 China Disability Census Report, the number of individuals with autism in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.

At the same time, society’s acceptance and awareness of children with autism remain low, and many public places lack special facilities and services for them. Such a large patient population not only imposes a heavy mental and economic burden on families but also has a profound impact on social development.

The growing population of individuals with autism lacks corresponding relief pathways. On the one hand, there is an insufficient number of professional child rehabilitation institutions, especially in grassroots and rural areas. On the other hand, among existing rehabilitation institutions, there are significant differences in service levels and treatment outcomes. Due to technological and personnel quality limitations, some institutions struggle to provide high-quality rehabilitation plans that meet the individual needs of children.

In addition to the relative scarcity of quality rehabilitation services, high rehabilitation costs, limited training resources, and inconsistent training programs also place a heavy burden on many families. Many “children of the stars” thus miss the best intervention opportunities due to ignorance or helplessness.

Care for vulnerable groups and marginalized populations often reflects the level of civilization in a society. The issue of autism urgently needs more attention and emphasis from various sectors of society.

As a US-listed company, we have always believed that enterprises are not only entities pursuing economic interests but should also shoulder social responsibilities. Children with autism, as a vulnerable group in society, their growth and development are related to the happiness and future of countless families. By engaging in the field of autism rehabilitation, we hope to use our technological advantages to light up a beacon of hope for these children, help them approach the life state of normal children as much as possible, and integrate into society. This is not only a feedback to society but also our mission as an enterprise.

Founded in 2014, Xinlantian has deep professional expertise in the field of rehabilitation training for children with autism. It has not only meticulously crafted a mature and comprehensive training system for children with autism, covering curriculum development and textbook research, but also established a comprehensive teacher and parent education and training system. Xinlantian’s independently developed “Targeted Neural Training Method” has achieved remarkable results after years of practical verification. This method targets the neurodevelopmental characteristics of children with autism and effectively improves their language expression and social interaction abilities through scientific training methods.

The partnership between Baijiayun and Xinlantian aims to use products and AI technology to enter this challenging field, empower autism rehabilitation services, help more “children from the stars” live like normal children, and enable more individuals with autism and their families to lead better lives.

Why can Baijiayun shoulder this mission? The answer lies in our technological moat and ecological synergy. Over the past decade, Baijiayun has continuously deepened its presence in the education sector, providing users with comprehensive audio-visual solutions centered around knowledge dissemination and educational service delivery, serving tens of thousands of online education enterprises and public schools. The rehabilitation training of children with autism is actually a highly personalized one-on-one scenario, which coincides with Baijiayun’s advantages in online teaching and the integration of online and offline products. With the continuous development of AI technology, Baijiayun has also continuously deepened its application in the field of educational technology, developing multiple AI products, intelligent agents, and technical tools, converting technological potential into educational effectiveness, and facilitating the realization of large-scale personalized teaching. Professional fields require vertical deepening, and these experiences and products can also be applied in the field of special education, bringing new possibilities for more children of the stars.

In the AI era, we can better bridge the characteristics and limitations between personalization and scalability in traditional education, which are like the two ends of a scale, making “scalable and personalized teaching and learning” possible. Regarding the measure of Baijiayun’s layout in the field of special education, Li Haoying, the current Vice President of the Education Innovation and Evaluation Branch of the Chinese Society for Futures Studies, stated: Achieving personalized rehabilitation training through technological means will greatly enhance rehabilitation outcomes and bring new hope to children with autism and their families. Their efforts are expected to help millions of individuals with autism lead happier and more dignified lives, alleviate societal burdens, and promote harmonious social development.

Future Development Plans

We fully understand investors’ attention on direction focus, business implementation feasibility, and return cycles. Here, we announce that the company will invest tens of millions of dollars over five years to build new ecosystem for autism rehabilitation, hoping to showcase our determination and efforts in deepening our work.

Firstly, Baijiayun will continuously increase investment in technological research and development, further refine the intelligent diagnostic assistance platform, and promote the application of new technologies such as AI large models and VR in the field of autism rehabilitation. Combining Baijiayun’s previous technological achievements, the company will deeply explore and develop an intelligent diagnostic assistance platform focused on the field of autism rehabilitation. Through big data analysis and machine learning algorithms, it will thoroughly analyze the specific symptoms and past training records of each child with autism, accurately generating personalized rehabilitation training plans. For example, if the platform data analysis finds that a child is making slow progress in language training, the system will automatically increase the duration and intensity of relevant training content or adjust the training methods to ensure that each child receives the most effective rehabilitation training in the shortest time possible.

Secondly, Baijiayun will allocate these funds to the development of standardized curriculum systems, the construction of professional teacher training systems, the output of clinical intervention methodologies, and the digital adaptation of service processes. A scientific and systematic curriculum system is the cornerstone of rehabilitation training. In curriculum and service system construction, Baijiayun will collaborate with Xinlantian’s professional team to develop standardized curricula based on the different developmental stages and symptom characteristics of children with autism, ensuring that rehabilitation training in different regions and institutions adheres to unified high-quality standards. At the same time, it will strengthen professional training for rehabilitation trainers, enhance their professional skills, and ensure that every trainer can proficiently apply advanced intervention methods.

Finally, Baijiayun plans to empower rehabilitation institutions and establish standardized models through the integration of “technology + service.” Over the past decade, Baijiayun has deepened its presence in the field of AI and audio-visual technology, being the most knowledgeable AI application service provider in education. Our one-stop products and services can fully support the construction of digital platforms, covering aspects such as store management, service process optimization, traffic distribution, AI tools, and data platforms. With the SaaS system, Baijiayun plans to subsequently output mature standards to more regions, providing franchisors with comprehensive empowerment including brand support, technical training, and operational guidance.

From a market perspective, the autism rehabilitation market size is showing explosive growth trends. Data shows that the global autism spectrum disorder market size was approximately $6.94 billion in 2024 and is expected to reach $13.14 billion by 2033, with a compound annual growth rate (CAGR) of 8.5% from 2024 to 2033. In China, with the continuous improvement of society’s awareness of autism and the growing demand for rehabilitation training from families, the autism rehabilitation market size is expected to reach hundreds of billions of yuan level.

Such a vast market size provides us with broad development space. Leveraging our experience and advantages in technological research and development, platform construction, and market operations, we are confident in achieving significant results in this field, creating new growth points for the company’s performance, and achieving a win-win situation for both corporate and social values.

Lastly, we would like to thank all investors again for their trust and support in us. We believe that the true value of an enterprise lies in solving social problems through commercial methods and promoting social progress with professional capabilities. Although we are well aware that there will be many challenges on the road to exploring the field of autism rehabilitation, we are confident and determined to overcome difficulties and achieve our goals.

We will continue to pay attention to the feedback and suggestions from partners. We firmly believe that by moving forward together, we will surely be able to create a brighter future!

Investor Relations Department

April 24, 2025

About Baijiayun Group Ltd 

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com

 

State Grid Xinjiang Information & Telecommunication Company has successfully completed a specialized project designed to enhance the power supply capabilities of its information computer rooms

URUMQI, China, April 25, 2025 /PRNewswire/ — Through systematic upgrades, State Grid Xinjiang Information & Telecommunication Company has significantly improved the reliability of its power supply system, laying a robust foundation for digital transformation.

With the continuous expansion of business systems, the power demand for computer room operations has surged, posing potential risks of overload to the existing power supply infrastructure. To address this challenge, the company established a dedicated technical team focused on core indicators such as cabinet power consumption, uninterruptible power supply (UPS) configuration, and battery health. Using high-precision internal resistance testers, technicians conducted comprehensive assessments of all batteries and optimized the operational parameters of the UPS hosts, achieving an 18.6% increase in system efficiency.

To mitigate the issue of excessive power consumption in individual cabinets, the team innovatively implemented a “dynamic load allocation + intelligent PDU management” model. By migrating and reconfiguring equipment while leveraging intelligent power distribution strategies, the power consumption of individual cabinets was reduced by 21%. Following the renovation, the overall power supply margin of the computer rooms increased to 40%, and the backup power supply’s sustainable operation time was extended by 35%. During this process, a total of 12 potential hazards were identified and rectified, including issues such as aging cables and suboptimal grounding. Additionally, an equipment health record management system was established to ensure ongoing monitoring and maintenance.

This renovation effort incorporated advanced digital twin technology to construct a three-dimensional visualization monitoring platform, enabling real-time status perception and early warning of anomalies in the power supply system. As a result, intelligent monitoring coverage for core computer rooms has been fully realized, with fault location efficiency reaching the minute level. The company also enhanced its emergency response plan system, conducting six scenario-based drills, including dual power supply switching, which reduced system recovery times to industry-leading levels. 

Looking ahead, the company plans to deepen the application of intelligent operation and maintenance systems for computer rooms. Within the year, it aims to complete standardized renovations for 14 node computer rooms across Xinjiang and establish a three-tiered guarantee mechanism encompassing “prevention, early warning, and rapid response.” This initiative will provide highly reliable digital infrastructure support for the development of the new power system.