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KOSPET Launches Magic Series Smartwatches, Designed for Daily Motion and Urban Style

SHENZHEN, China, July 21, 2025 /PRNewswire/ — KOSPET today announces the launch of the all-new Magic Series, a smartwatch lineup created for users who balance daily activity with personal style. Available in two distinct shapes—Magic P10 (square) and Magic R10 (round)—the Magic Series delivers the same premium performance in silhouettes that suit different preferences and aesthetics.

With its focus on lightweight comfort and essential functionality, Magic Series aims to offer a more wearable smartwatch experience for city commuters, casual athletes, and style-conscious users who want performance without the bulk.

Lightweight design with detail.
Crafted with a polished stainless steel body and a rotating crown for intuitive control, Magic Series features a high-resolution display with scratch resistance, anti-fingerprint coating, and wet-touch support. Straps come in liquid silicone, magnetic, or knitted options to match any setting—whether that’s a morning workout or an evening dinner out.

Health and fitness with clarity.
Magic Series supports a full suite of 180 sport modes to match any lifestyle. This includes 16 specialized ApexMotion sport modes—optimized for higher precision during dynamic activities such as badminton, cycling, and swimming—designed to deliver enhanced data accuracy and more responsive tracking. The remaining modes span a wide range of everyday and niche activities, covering everything from brisk walking to freestyle training. Backed by a 4PD optical sensor, Magic Series delivers real-time monitoring of heart rate, SpO₂, stress, and sleep, helping users better understand their physical condition across all types of movement.

Precision where it matters.
Dual-frequency GNSS and six-satellite positioning provide fast, accurate route tracking, making it reliable even in dense cityscapes, parks, or remote trails.

Designed to match your rhythm.
The interface includes a variety of built-in and customizable watch faces, album-style personalization, and modular layout adjustments—designed to make the smartwatch feel more like yours.

Availability and launch offer.
To celebrate the launch, the Magic Series is available for a limited-time price of $129.99 (originally $149.99) through KOSPETs official website (www.kospet.com) and Amazon stores.

About KOSPET

KOSPET stands at the forefront of rugged outdoor smartwatch innovation. From launching the first 4G Android smartwatch to pioneering rugged wearables tailored for women, KOSPET continues to integrate cutting-edge technology into devices that enhance both daily life and outdoor adventures.

Contacts

Damien
Tel: (+86) 17748587611
Email: pr@kospet.com 

CPHI & PMEC Shenzhen 2025: Unlocking New Opportunities in Asia and the Greater Bay Area

SHANGHAI, July 21, 2025 /PRNewswire/ — CPHI & PMEC China 2025 concluded in June with a record-breaking 109,056 attendees, underscoring strong demand within China’s thriving pharma industry. 

Building on this success, CPHI & PMEC Shenzhen 2025 will take place from 1–3 September 2025 at Shenzhen Convention & Exhibition Center (SZCEC), addressing the growing demand for access to South China’s key pharma markets.

CPHI & PMEC Shenzhen 2025
CPHI & PMEC Shenzhen 2025

As a key gateway to the Guangdong-Hong Kong-Macau Greater Bay Area, Shenzhen is positioned to drive pharma innovation. The region’s health industry GDP is projected to surpass 2 trillion CNY by 2028 and reach 2.5 trillion to 3 trillion CNY by 2030, offering unparalleled opportunities for growth and collaboration.

CPHI & PMEC Shenzhen is set to achieve remarkable growth in 2025, doubling its size to 30,000 sqm of show floor and featuring over 600 selected exhibiting companies from various sectors of the pharmaceutical industry, including pharma ingredients, excipients, biotech, contract services, pharma machinery, packaging machinery, packaging materials and more. The event will expand product zones for natural supply, finished dosage, clean technology and laboratory instruments. A new ‘Beauty & Cosmetics Supply Chain Zone’ will showcase products and foster collaboration in this rapidly growing sector.

During the exhibition, over 20 high-level forums will bring together regulatory authorities, academic experts, and corporate leaders to deliver in-depth analysis of policy shifts, technological breakthroughs, and emerging market dynamics. Key topics include new drug R&D, API process optimisation, CXO collaborations, emerging markets strategy, nutrition and health food development, natural ingredients and functional food development, injectable medical aesthetics innovation, pharma packaging solutions, pharma manufacturing 4.0, pharmaceutical engineering and more.

To forge strategic partnerships, exclusive Hosted Buyer Matchmaking and Plant visit will be organized. These initiatives will facilitate meaningful interactions between suppliers and international buyers with specific purchasing demand.

With its strategic location and curated focus, CPHI & PMEC Shenzhen 2025 is set to redefine pharma innovation in South China. The event offers unparalleled opportunities for networking, knowledge exchange, and collaboration, empowering attendees to unlock new growth horizons across Asia’s thriving pharmaceutical sector.

Register as a visitor before 1 August to enjoy complimentary VIP benefits:
https://reg.cphi-china.cn/en/express-ticketing/shenzhenvip

For more information, please visit:
https://www.cphi.com/china/en-gb/home.html 

FaatGo Officially Launches: A Hong Kong-Based Legal Platform Specializing in Criminal Defence and Injury Compensation

HONG KONG SAR – Media OutReach Newswire – 21 July 2025 – In response to the increasing demand for accessible and trustworthy legal information, FaatGo (https://faatgo.com/) has officially launched as a new digital legal platform focused on two of the most pressing legal needs in Hong Kong: criminal defence and personal injury compensation. Designed to address the information gap faced by many residents when encountering legal trouble, the platform provides professionally written legal content, free consultation tools, and direct access to experienced lawyers—without intermediaries or commission-based referrals.

The platform offers in-depth legal insights and resources in two major areas. First, FaatGo covers a wide range of common criminal offences, including indecent assault, physical assault, criminal intimidation, theft, money laundering, and drug-related offences. Each topic is explained clearly and precisely, with a focus on legal procedures, sentencing considerations, and practical steps to be taken after arrest or charge.

Second, the platform also features comprehensive guides on work injury and traffic accident compensation, helping victims understand their entitlements, calculation methods, documentation requirements, and potential for pursuing additional damages beyond basic insurance. The content is developed in consultation with legal practitioners and aims to simplify what are often highly complex legal processes.

All materials are published in Traditional Chinese and tailored to the Hong Kong legal context. Legal information is structured for clarity and ease of understanding, without the use of excessive legal jargon. The platform is specifically designed to empower users to understand their legal position and take action accordingly, whether they are facing prosecution or seeking rightful compensation.

FaatGo also provides a free legal consultation form, allowing individuals to submit a summary of their case. The internal team will assess the information and match the user with a suitable lawyer for an initial legal opinion. The service is free of charge, with no commissions or obligations, and all consultations are handled directly by qualified legal professionals. A verified criminal defence lawyer directory is also available for those who wish to engage legal representation independently.

Since its soft launch, FaatGo has already supported multiple individuals, including families seeking mitigation strategies for loved ones facing charges, and injured workers who were initially unaware of their full compensation rights. These early successes reflect the platform’s commitment to delivering fair, unbiased, and timely legal assistance to those who need it most.

FaatGo operates under the principle that legal knowledge should not be limited to a privileged few, but rather made available and understandable to all. By providing regularly updated articles, case studies, and consultation tools, the platform aims to improve public legal literacy and ensure that legal support is accessible in moments of real need.

Hashtag: #FaatGo

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

SIAL Shenzhen 2025: South China’s Premier Food & Beverage Sourcing Event Will Return This September

SHENZHEN, China, July 21, 2025 /PRNewswire/ — From September 1 to 3, 2025, SIAL Shenzhen 2025, an exclusive gateway to South Asia’s dynamic food and beverage market, will return to the Shenzhen Convention and Exhibition Center (Futian). The event will gather 1,100+ exhibitors from 50 countries and regions, with 67,000+ professionals expected, leverage Shenzhen as a springboard into Asia, with dedicated logistics support for cross-continental trade.

Global Innovation Meets Regional Excellence
The show will feature 14 product zones across the entire F&B value chain, including:
Ingredients & Spices: Nutritional extracts, fermented sauces, rare spices.
Frozen & Ready Meals: Self-heating hotpots, rice bowls, frozen veggies.
Snacks & Bakery: Premium chocolates, seaweed crisps, functional snacks, fusion pastries with goji berries and matcha.
Beverages & New Tea Drinks: Heritage teas, fruit infusions, trending milk teas.
Fresh Produce & Frozen Ingredients: Organic greens, IQF vegetables, traceable grains.
Prepared Foods & Convenience Meals: Instant noodles, frozen dumplings, banquet-ready meals.
Alcoholic Beverages: Georgian wine, Chinese Baijiu, rice wine, regional craft beer.
Other Key Sectors: Meat & seafood, oils, condiments, and more.

Tailored Trade Services for Global Buyers
SIAL Shenzhen delivers efficient sourcing through:
One-on-One Matchmaking and private negotiation rooms.
Fast-Track Access & VIP Lounges for qualified buyers.
72-Hour Advance Preview of products and exhibitors.
Multilingual Interpretation on-site.
New SIAL Society Top Buyer Programme – a premium networking club connecting importers, foodservice operators, and retailers.

Chinese Regional Pavilions with Signature Products
Green Yunnan Delights Pavilion: Highland Pu’er tea, wild mushrooms, black truffle crisps, and yak milk snacks from China’s mountainous southwest.
Hubei Premium Pavilion: Lotus root chips, clean-label noodles, river fish delicacies, and preserved eggs from the Yangtze River region.
Authentic Shenyang Pavilion: Northeastern sausages, pickled cabbage, soybean paste, and traditional “Dongbei” frozen dumplings.
Heilongjiang Forest Gourmet Pavilion: Pine nuts, forest honey, wild blueberries, and grain-based health products from China’s northern frontier.

Discover What’s Next in Food Consuming Scenario?
SIAL Innovation – future-forward products in health, sustainability, and plant-based.
SIAL Snack Awards – global snack tasting and trend discovery.
SIAL Chic Tea Contest & SIAL CUP Barista – showcasing the evolution of tea and coffee in Asia.
SIAL Shenzhen 2025 is your gateway to food innovation in South China – connecting the world’s top producers with Asia’s most dynamic buyers.

YUAN Unveils Pandora: Ready-to-Deploy Edge AI Designed for Developers

TAIPEI, July 21, 2025 /PRNewswire/ — YUAN High-Tech, a leader in AI and imaging solutions, announces Pandora, an ultra-compact edge AI platform powered by NVIDIA® Jetson Orin™ NX Super mode. Already deployed in education, smart retail, and robotics, Pandora enables real-time analytics, localized AI-driven services, and autonomous systems—without relying on the cloud.

 

YUAN Unveils Pandora: Compact, Developer-Friendly AI Computing Platform for Accelerated Edge Deployment

 


Pandora Forum: AI Project Support & Community | NVIDIA Jetson Orin NX Super

Weighing just 470g, Pandora delivers 157 TOPS of AI performance and offers modular flexibility tailored to developers’ needs.

Pandora : Ready-to-Deploy Edge AI Designed for Developers
Pandora : Ready-to-Deploy Edge AI Designed for Developers

Key Features:

  • Dual Gigabit Ethernet ports
  • 4× USB ports (with OTG support)
  • HDMI 2.0 and audio I/O
  • 4× M.2 slots (for SSD, Wi-Fi, Bluetooth, 5G/LTE)
  • MIPI CSI, UART, CAN Bus interfacesyu
  • GPIO header for industrial/IoT integration
  • Optional HDMI/SDI capture card
  • Detachable housing for 3D-printed customization

Pandora supports the full NVIDIA Jetson ecosystem, including Jetson Platform Services, TAO Toolkit, and Metropolis Microservices. It runs mainstream AI models such as LLaMA, ChatGLM, Stable Diffusion, and ViT, enabling NLP, CV, OCR, and generative AI tasks. YUAN’s proprietary modules further support real-time object, face, and behavior recognition.

About YUAN High-Tech
YUAN delivers advanced video capture and edge AI solutions for industrial and commercial use.

Contact:
sales@yuan.com.tw | www.yuan.com.tw
yuanexpo@yuan.com.tw 

Follow YUAN:
LinkedIn | Facebook | X | YouTube

IVD Medical Holding Limited (01931.HK): Officially launched the application for the US stablecoin license and accelerated the landing of the IVDNewCo Exchange ecosystem


HONG KONG SAR – Media OutReach Newswire – 21 July 2025 – IVD Medical Holding Limited(01931.HK) – Forward-looking layout of the historical opportunity of the US “Genius Act”, the IVDD stablecoin plan is gathering momentum to set sail and build a new global infrastructure for medical innovative drugs RWA!

In the wave of deep integration of global digital finance and medical innovation, IVD Medical Holding Limited(01931.HK) took the lead in building the “NewCo+RWA” Web3 exchange ecosystem (IVDNewCo Exchange) with the construction of medical innovative drugs high-tech assets as the core and the supporting stablecoin “IVDDollar” (IVDD) plan as the core strategy, leading the digital revolution of global medical innovation assets.

On July 20, 2025, the Board of Directors is pleased to announce that the US subsidiary carrying the Group’s aforementioned core strategic mission has landed, and the IVDNewCo Exchange ecosystem has officially landed on the international financial stage. The company released the latest announcement today, officially announcing two milestones: the US wholly-owned subsidiary IVD GROUP INC. has completed registration, and the Group has officially started the process of submitting a stablecoin license application to the US regulator through the subsidiary; at the same time, the Web3 exchange ecosystem with medical innovative drug NewCo assets as the core – IVDNewCo Exchange and its supporting stablecoin IVDD have entered a substantive stage.

This strategic move not only marks the Group’s leading position in the field of compliant digital finance for medical innovative drugs, but also heralds a revolutionary breakthrough in the global medical asset liquidity and value conversion model.

1. Strategic opportunities under global regulatory resonance

On July 18, 2025, local time, US President Trump signed the “Guidance and Establishment of the United States Stablecoin National Innovation Act” (hereinafter referred to as the “Genius Act”) at the White House, establishing the legal status of stablecoins as “digital dollars”. The implementation of this bill, together with the Stablecoin Ordinance of the Hong Kong Special Administrative Region, which will take effect on August 1, forms a regulatory synergy between the East and the West, and jointly builds the compliance cornerstone of the global stablecoin market.

The report of the China Banking Research Institute pointed out that currently 99% of the world’s stablecoins are anchored to US dollar assets, and US Treasury bonds have become the core choice of stablecoin reserve assets due to their low risk and high liquidity. In this context, the Group proactively laid out the application for the US stablecoin license, and on July 20 officially announced that the US subsidiary had initiated the process of submitting application materials to regulatory agencies such as the US SEC and CFTC, becoming one of the very few listed companies in the Hong Kong stock market that has completed the “Hong Kong + US” dual hub compliance architecture layout.

The strategic layout of the Group is deeply in line with the global regulatory trend. By establishing the US subsidiary IVD GROUP INC., we not only meet the strict requirements of the “Genius Act” for 100% reserve asset coverage and independent auditing of stablecoin issuers, but also rely on the sandbox mechanism of the Hong Kong “Stablecoin Ordinance” to build a cross-regional regulatory endorsement system. This dual hub model provides the IVDNewCo Exchange ecosystem with globally rare compliant liquidity support, enabling the Group to establish a first-mover advantage in the “Hong Kong Stock Stablecoin Concept Sector”.

2. Technological Innovation: “NewCo+RWA+Stablecoin” Reconstructs the Value Chain of Medical Innovative Drug Assets

The core breakthrough of the IVDNewCo Exchange ecosystem lies in the deep integration of Web3 technology and medical innovative drug assets. Relying on the commercial network covering 1,674 tertiary hospitals in China and the ability to acquire high-quality NewCo assets around the world, the Group has created the world’s first RWA (real world asset) tokenization platform focusing on medical innovative drugs. The platform achieves the following innovations through blockchain technology:

1). Asset tokenization: converting innovative drug assets such as ADC drugs, bi-antibody therapy, and cell gene therapy in the clinical stage into tradable and divisible digital certificates to break through the liquidity bottleneck of traditional medical assets;

2). Compliance financial infrastructure: establish an underlying architecture to support the issuance, trading and settlement of IVDD stablecoins, ensuring that each $1 stablecoin corresponds to ultra-short-term U.S. Treasury bonds and other low-risk assets, meeting the U.S. SEC’s “1:1 redeemable” requirements;

3). Coin-stock linkage mechanism: coordinate with Nasdaq’s dual primary listing plan to explore the compound value creation model of “digital assets + traditional equity” to attract two-way inflows of traditional medical capital and crypto-native funds.

The implementation of this technical architecture has been strongly supported by industry data. Public information shows that the current global innovative drug market has exceeded US$1.2 trillion, and China accounts for 6% of the market with a scale of RMB 450 billion, with an annual compound growth rate of 20.3%. Through the RWA platform, the Group expects to significantly improve the financing efficiency of innovative drug assets, while lowering the entry threshold for investors, allowing small and medium-sized investors around the world to participate in the medical innovation field that was originally limited to institutional investment.

3. Ecological synergy: creating a new paradigm for medical finance

The Group’s strategic advancement has always followed the three-dimensional path of “regulatory compliance-technological innovation-ecological synergy”. In the United States, IVD GROUP INC.’s license application strictly follows the requirements of the Genius Act for reserve asset transparency, anti-money laundering (AML) and network security. Its technical system has passed a third-party security audit to ensure that smart contracts are free of loopholes; in Hong Kong, the Group will actively promote participation in the HKMA’s stablecoin sandbox program to test reserve asset management and cross-border payment scenarios, laying the foundation for license application.

More importantly, the implementation of the IVDNewCo Exchange ecosystem is reshaping the value chain of innovative medical drugs. Under the traditional model, the research and development of innovative drugs requires a cycle of up to 10 years, and 80% of the funds are concentrated in the clinical stage. Through the RWA platform, the Group can monetize clinical-stage assets in advance, provide pharmaceutical companies with low-cost financing channels, and provide investors with dynamic returns linked to the progress of drug development. For example, an ADC drug in Phase II clinical trials can attract global capital participation through tokenization, and its development progress data will be uploaded to the chain in real time to ensure that investors’ rights and interests are transparent and traceable.

4. Industry Impact and Future Outlook

The Group’s strategic initiatives have attracted widespread attention from the capital market and the industry. After the announcement on the 17th, IVD Medical’s share price opened sharply higher on the 18th, closing at HK$2.95, up 20.41% throughout the day, with a turnover exceeding HK$9.4886 million and a market value of HK$4.783 billion. Behind the market data is investors’ strong confidence in the cross-border integration of “NewCo+RWA+stablecoin”.

Looking ahead, the Group will continue to deepen the three strategic directions of compliance expansion, technology deepening and ecological integration. Against the backdrop of the global low interest rate environment and the surge in demand for medical innovation, it will use Web3 technology as a bridge to connect traditional medical capital and digital financial innovation. We firmly believe that through compliance layout and technological innovation, the IVDNewCo Exchange ecosystem will become a value amplifier for global innovative medical drug assets, creating a win-win situation for patients, pharmaceutical companies and investors.

Hashtag: #IVDMedicalHoldingLimited

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

The Suite Life: Four Seasons Hotel Shenzhen Welcomes Travellers to Connect, Work and Unwind in Stylish Modern Suites

Offering a plethora of perks, these city-centre sanctuaries are now available

SHENZHEN, China, July 21, 2025 /PRNewswire/ — Four Seasons Hotel Shenzhen invites guests to experience unrivalled luxury in the heart of Shenzhen with a stay in one of its 32 inspirational suites. Designed with a contemporary touch, each spacious sanctuary combines modern comforts, artful elegance and personalised service to provide an ideal home base for discovering the city’s cosmopolitan charms.

大使套房 Ambassador Suite
大使套房 Ambassador Suite

Guests can choose from four distinct suite categories, all complemented by exclusive Executive Club privileges, including access to the 29th-floor Executive Club Lounge with gourmet dining, express check-in and bespoke concierge services. Additional benefits include a one-time minibar replenishment (excluding alcohol), a 30-minute Express Massage for two guests per bedroom once per stay (non-accumulative and not combinable with other promotions), and complimentary laundry service for two pieces per bedroom, per night. Thoughtfully curated, every detail ensures a seamless and elevated stay in the heart of the city.

Whether seeking memorable moments with loved ones, productive connections with colleagues, or simply a quiet retreat to return to at the end of the day, the legendary care of Four Seasons delivers precisely what each guest needs. Set within the dynamic Futian District, the Hotel offers easy access to vibrant cultural attractions, premier shopping hubs and the Shenzhen Convention and Exhibition Centre.

Presidential Suite: The crown jewel of the Hotel, the expansive Presidential Suite unfolds across 475 square metres (5,113 square feet), featuring three spacious bedrooms that can accommodate up to nine guests.

Natural light fills the generous living and dining areas, perfect for hosting a variety of gatherings — from sit-down feasts at the eight-seater dining table to cocktail parties in the refined lounge space. An in-suite collection of contemporary art adds creative flair, while a private library promises to elevate ‘me time’.

Ambassador Suite: Tailored for families or groups of up to six, the Ambassador Suite instantly puts travellers at ease with its home-away-from-home feel. Extending over 180 square metres (1,937 square feet) of space, this private oasis can be configured as a one- or two-bedroom suite. The airy living area beckons guests to linger and unwind, while the cosy dining space brings everyone together for intimate meals. Soaring views provide a visual connection with the city’s buzzing energy.

Deluxe Suite: With floor-to-ceiling windows showcasing garden views, the Deluxe Suite sets the scene for an extraordinary urban escape. Spanning 93-103 square metres (1,001-1,108 square feet), these suites are tailored for work, play and everything in between. A dedicated workspace allows guests to attend to emails and calls, while the light-filled living area — separate from the bedroom — offers an ideal venue for entertaining friends and colleagues.

Executive Suite: At the Executive Suite, guests are welcomed by sweeping views of lush greenery or the Exhibition Centre. Ranging from 68-88 square metres (732-947 square feet), these stylish retreats feature distinct living and sleeping areas — a thoughtful feature to enhance extended stays as well as family visits. Locally rooted artworks introduce guests to the region’s unique creative sensibility.

Executive Club Experience 

Perched on the 29th floor, the Executive Club Lounge elevates suite stays with complimentary gourmet dining and afternoon tea, along with services like express check-in and pressing to ensure a seamless experience. Privileges include one-hour usage of the Executive Club Meeting Room, compliments of the Hotel.

Suite Offer & Benefits

Now available at bar rates, all suites at Four Seasons Hotel Shenzhen come with an array of exclusive perks:

  • Daily breakfast and access to Executive Club Lounge.
  • Mini bar (excluding alcohol) replenished once during the stay.
  • 30-minute Express Massage for 2 guests per bedroom once during the stay. Non-accumulative and cannot be combined with other promotions.
  • 2 pieces laundry service per bedroom per night.
  • Personalised concierge service.

For reservations, please contact the Hotel at +86 (755) 8826 8888 or book directly via the Hotel website at www.fourseasons.com/shenzhen/.

About Four Seasons Hotel Shenzhen

The Four Seasons Hotel Shenzhen is ideally located in the heart of the commercial district of Futian, across the Shenzhen Conference & Exhibition Center and a short walk from the Civic Center which houses the city’s Municipal Hall and Museum as well as near the famed Shenzhen Concert Hall and Library. The Hotel is surrounded by 3 modern shopping malls and is a few steps away from the subway metro station and 10-minute drive to two Hong Kong borders of Huanggang and Futian. Built along contemporary lines, the Hotel features 266 rooms inclusive of 32 suites, a Club Lounge, Business Centre, four food and beverage outlets, and a grand ballroom with five other function venues plus unique outdoor multilevel terraces. 

S&P initiates coverage and assigns ‘A’ rating to Fidelidade

HONG KONG, July 21, 2025 /PRNewswire/ — On 18 July 2025, – Standard & Poor’s (S&P), one of the world’s leading international credit rating agencies, initiated coverage and assigned Fidelidade – Companhia de Seguros, S.A. and its reinsurance company, Fidelidade RE – Companhia de Resseguros, S.A., long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’, with a stable outlook.

S&P anticipates that, over the next two years, Fidelidade will maintain its leadership position in both the domestic and international markets, continue to display robust capital strength and profitability, with solid annual growth and prudent risk management.

In its assessment, S&P highlighted that Fidelidade has achieved an earnings diversification and a globalized insurance portfolio, leveraging its leading market positions with a 30% market share in Portugal and international operations in Peru, Chile, Africa, and Asia. In 2024, Fidelidade recorded a consistent financial performance with a 12.6% growth in insurance revenues and net income of EUR173.5 million. It is worth noting that Fidelidade’s Solvency II ratio reached 194% at year-end 2024, demonstrating its consistent profitability and strong capitalization. Additionally, its international operations accounted for 30% of its total premiums, marking a substantial progress in Fidelidade’s globalization strategy.

The assignment of ‘A’ rating to Fidelidade by S&P highlights S&P’s firm recognition of Fidelidade’s quality and balance business portfolio, growing international diversification, consistent financial performance and solid capital position.

This marks the second ‘A’ credit rating achieved by Fidelidade. In September 2024, Fitch Ratings, another world’s leading international credit rating agency, upgraded Fidelidade’s ratings to A+ from A (Insurer Financial Strength – IFS) and A from A- (Issuer Default Rating – IDR), with a Stable Outlook – the highest rating ever awarded by Fitch to a Portuguese company at the time.

Rogério Campos Henriques, CEO of Fidelidade, stated, “The recognition by two of the world’s leading rating agencies reinforces confidence in the strategy we have been pursuing. It is the result of rigorous financial discipline, prudent management, and a clear focus on creating value for our customers, shareholders, and partners.”

Fidelidade is one of the four core subsidiaries of Fosun International (00656.HK). It has consistently maintained the top market share in Portugal for many years, with operations spanning across Europe, Africa, Latin America, Macau SAR, and other countries and regions. In recent years, leveraging Fosun’s global ecosystem, Fidelidade has not only continued to solidify its leading position in the Portuguese market but has also achieved remarkable results in international business expansion and innovative development, particularly gaining a leading position in markets such as Peru and Bolivia.