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Ramki Sankaranarayanan Receives EGA’s Hermes Lifetime Achievement Award for Pioneering Innovation in Global Content Operations

LOS ANGELES, April 5, 2025 /PRNewswire/ — The Entertainment Globalization Association (EGA) has honored Ramki Sankaranarayanan, Founder and Global CEO of Prime Focus Technologies (PFT), with the 2025 Hermes Lifetime Achievement Award. The accolade recognizes Ramki’s visionary leadership and transformative impact on entertainment localization and media technology worldwide.

Ramki Sankaranarayanan, Founder & Global CEO, Prime Focus Technologies
Ramki Sankaranarayanan, Founder & Global CEO, Prime Focus Technologies

Presented at the prestigious Hermes Awards for Entertainment Localization Excellence, the honor celebrates Ramki’s role in reimagining global media supply chains—seamlessly blending AI innovation with human creativity to enable scalable, culturally authentic storytelling across geographies.

A trailblazer in media tech for over two decades, Ramki spearheaded the launch of the industry’s first Media ERP, laying the foundation for cloud-based Supply Chain that subsequently was articulated within the MovieLabs 2030 Vision. Under his leadership, PFT has continuously pushed the boundaries of localization—leveraging AI-assisted subtitling, dubbing, and metadata solutions through its CLEAR® and CLEAR® AI platforms. Early innovations such as automated subtitle retiming and hybrid AI pipelines have redefined scale and speed in global content delivery.

PFT’s localization capabilities span an impressive 150 unique languages globally, including 92 European, 24 African, 18 from the Indian subcontinent, 10 East Asian, and 6 Central Asian languages, showcasing unparalleled depth and reach. Today, PFT supports over 2 million subtitled minutes and 1 million dubbed minutes annually for leading platforms including Star TV, Netflix, Disney+, Amazon Prime Video, Warner Bros. Discovery, Crunchyroll, etc.

With 13+ patents and seven NAB Product of the Year Awards, including a 2023 win for AI-led localization, CLEAR® AI exemplifies contemporary Agentic AI, defined by its autonomous Localization Agents capable of independent decision-making, real-time collaboration, and continuous improvement. CLEAR® AI leverages Multi-Agent Collaboration, orchestrating agents specialized in several tasks across content lifecycle. This market-defining approach dramatically improves accuracy, accelerates time-to-market, and reduces manual intervention, reflecting a strategic shift towards intelligent, collaborative AI in localization.

PFT’s latest breakthrough, CLEAR® AI Content Studio, further exemplifies this momentum by turning dormant archives into dynamic, revenue-generating content libraries.

“This award is deeply meaningful,” said Ramki. “It honors not just my journey, but the passion and relentless innovation of our PFT team & the pivotal role clients have played in embracing the innovation—and the vibrant localization community driving global storytelling forward.”

EGA’s recognition underscores the rising strategic importance of AI-led, human-enhanced localization—and the visionaries who are shaping its future.

About the Entertainment Globalization Association (EGA)
The EGA is the leading professional body for executives driving content globalization. Its Hermes Awards celebrate excellence in localization and the innovators behind cross-cultural storytelling.

About Prime Focus Technologies (PFT)
Prime Focus Technologies (PFT) is the creator of CLEAR®. It offers streaming platforms, studios, and broadcasters AI technology and media services powered by the cloud that help them enable creativity, efficiency, and, most importantly, revenue generation. PFT works with major companies like Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Warner Bros. Discovery, Paramount, Crunchyroll, Insight TV, JioStar, BCCI, Tegna, Amazon MGM Studios, and more.

For more information, visit: www.primefocustechnologies.com.

Press Contact
T Shobhana
Senior Vice President and Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com

 

China Pharma Holdings Inc. Announces 1-for-10 Reverse Stock Split

HAIKOU, China, April 5, 2025 /PRNewswire/ — China Pharma Holdings Inc. (“China Pharma” or the “Company”) (NYSE American: CPHI) reported that it expects to implement a 1-for-10 reverse stock split on its common stock effective Tuesday, April 15, 2025, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the NYSE American under the symbol “CPHI”. The new CUSIP number for the common stock following the reverse stock split is 16941T 401.

The reverse stock split at a ratio ranges between 1:10 and 1:20 was authorized by the Company’s Board of Directors (the “Board”) through unanimous written consent on October 22, 2024 and adopted by the Company’s stockholders through the Annual Meeting for the fiscal year ended on December 31, 2023, which was held on December 22, 2024. The Board fixed a ratio of 1:10 on March 26, 2025.

Upon the effectiveness of the reverse stock split, every 10 shares of the Company’s issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s outstanding common stock, except for adjustments that may result from the treatment of fractional shares.

About China Pharma Holdings, Inc.

China Pharma Holdings, Inc. (NYSE American: CPHI) is a specialty pharmaceutical company that develops, manufactures, and markets a diversified portfolio of products, focusing on conditions with high incidence and high mortality rates in China, including cardiovascular, CNS, infectious, and digestive diseases. The Company’s cost-effective business model is driven by market demand and supported by new GMP-certified product lines covering the major dosage forms. In addition, the Company has a broad and expanding nationwide distribution network across all major cities and provinces in China. The Company’s wholly-owned subsidiary, Hainan Helpson Medical & Biotechnology Co., Ltd., is located in Haikou City, Hainan Province. For more information about China Pharma Holdings, Inc., please visit www.chinapharmaholdings.com. The Company routinely posts important information on its website.

Safe Harbor Statement 

Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: the achievability of financial guidance; success of new product development; unanticipated changes in product demand; increased competition; downturns in the Chinese economy; uncompetitive levels of research and development; and other information detailed from time to time in the Company’s filings and future filings with the United States Securities and Exchange Commission. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations, except as required by applicable law or regulation.

Chanson International Holding Announces Fiscal Year 2024 Financial Results

URUMQI, China, April 5, 2025 /PRNewswire/ — Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announced its financial results for the fiscal year ended December 31, 2024.

Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “In 2024, our revenue experienced a moderate growth, with our stores in China achieving steady sales expansion, particularly in bakery products. Revenue from bakery products in China increased by 18.0%, contributing over 80% to our total revenue. This growth was driven by our continued store expansion in China, with 15 new bakery stores opening in 2024. We are pleased with our annual performance, which reflects our disciplined execution of business strategies and operational adaptability. Notably, we achieved a significant increase in net income, rising from $0.03 million to $0.8 million in fiscal year 2024, while maintaining a solid gross margin of approximately 40%.

Despite the complex macroeconomic environment—marked by uncertainties such as slower economic recovery and shifts in consumption patterns, which impacted the sales of seasonal products and beverages, we have navigated these uncertainties.  Our strategic initiatives, including targeted promotions tailored to price-sensitive consumers, contributed to resilient revenue growth and market share expansion. In response to evolving consumer trends, we have diversified our product offerings by introducing freshly brewed coffee, further strengthen our market position.

Looking ahead, we remain confident in our long-term growth and expansion, supported by well-defined strategies and strong execution, which we believe will continue to create greater value for our shareholders and stakeholders.”

Fiscal Year 2024 Financial Highlights

  • Total revenue was $18.2 million, an increase of 5.7% from $17.3 million in fiscal year 2023.
  • Gross profit was $7.2 million, compared to $8.1 million in fiscal year 2023.
  • Gross margin was 39.5%, compared to 47.2% in fiscal year 2023.
  • Net income was $0.76 million, increased from $0.03 million in fiscal year 2023.
  • Basic and diluted earnings per share were $0.05, increased from $0.003 in fiscal year 2023.

Fiscal Year 2024 Financial Results

Revenue

Total revenue increased by 5.7% to $18.2 million in fiscal year 2024, from $17.3 million in fiscal year 2023. The increase in the revenue was due to increased revenue from stores in China (“China Stores”), which was partially offset by decreased revenue from stores in the United States (“United States Stores”).

China Stores

  • Revenue from China Stores increased by 12.8% to $16.1 million in fiscal year 2024, from $14.3 million in fiscal year 2023. The increase was mainly due to the increased revenue from bakery products, which was partially offset by the decrease revenue from other products.
  • Revenue from bakery products increased by 18.0% to $14.8 million in fiscal year 2024, from $12.5 million in fiscal year 2023. The increase was mainly attributed to the increased revenue generated by the newly opened bakery stores, as fifteen bakery stores were opened during the year ended December 31, 2024. Furthermore, China Stores have focused more on increasing their market share and there have been increased promotion activities and price discounts given to the customers, which attracted more customers to make purchases in the fiscal year 2024.
  • Revenue from other products decreased by 24.3% to $1.3 million in fiscal year 2024, from $1.8 million in fiscal year 2023, due to decreased revenue from seasonal products as well as from beverage products. Revenue from seasonal products decreased by 25.3% to $1.0 million in fiscal year 2024, from $1.3 million in fiscal year 2023, due to the consumption downgrade during the fiscal year 2024. Revenue from beverage products decreased by 21.7% to $0.4 million in fiscal year 2024, from 0.5 million in fiscal year 2023, mainly due to the decreased revenue from one of the Company’s popular coffee bakery stores of approximately $144,000.However, the decrease in revenue from beverage products was partially offset by the increased revenue from freshly brewed coffee products, as the China Stores are focusing on expanding the business of coffee beverages and more coffee bakery stores were opened in fiscal year 2024.

United States Stores

  • Revenue from United States Stores decreased by 29.1% to $2.1 million in fiscal year 2024, from $2.9 million in fiscal year 2023. The decrease was mainly due to decreased revenue from beverage products and eat-in services, which was partially offset by the increased revenue from bakery products.
  • Revenue from bakery products increased by 13.8% to $0.5 million in fiscal year 2024, from $0.4 million in fiscal year 2023. The increase was due to the increased revenue from bakery products of approximately $183,000, generated by Chanson 23rd Street and Chanson Broadway. During fiscal year 2024, the Company upgraded the bakery products, making the products more appealing to the customers. In addition, as Chanson Broadway opened in July 2023, twelve months revenue were recognized in fiscal year 2024, as compared to only six months revenue were recognized in fiscal year 2023. 
  • Revenue from beverage products decreased by 25.0% to $1.3 million in fiscal year 2024, from $1.7 million in fiscal year 2023, primarily due to the closure of Chanson Greenwich. The decrease was also attributable to increased competition from competitors operating in the same area. After the cocktail bars of the United States Stores launched several new types of cocktail products with new flavors and styles, such products became popular among customers and the cocktail bars were often fully booked by reservation. However, during the year ended December 31, 2024, the Company’s competitors operating in the same area also launched many types of attractive cocktail products, offering customers more choices and resulting in revenue from beverage products being adversely affected.
  • Revenue from eat-in services decreased by 61.9% to $0.3 million in fiscal year 2024, from $0.8 million in fiscal year 2023. The decrease was mainly due to the decreased revenue from Chanson Greenwich of approximately $436,000 as a result of the closure of its business as mentioned above. Moreover, the decrease was due to the decreased revenue from Chanson 23rd Street of approximately $158,000, as Chanson 23rd Street adjusted its menu items and customers were adjusting to the new products. Additionally, the interior design of Chanson 23rd Street was outdated, which made it harder to attract customer visits. The decrease in revenue from eat-in services was partially offset by the increased revenue from eat-in services of approximately $104,000, generated by Chanson 3rd Ave and Chanson Broadway.

Gross Profit and Gross Margin

Gross profit decreased by 11.7%, to $7.2 million in fiscal year 2024, from $8.1 million in fiscal year 2023. The decrease was mainly attributable to the increase in revenue from China Stores, and partially offset by the decrease in revenue from the United States Stores. Gross margin decreased by 7.7 percentage points to 39.5% in fiscal year 2024 from 47.2% in fiscal year 2023.

Operating Expenses

Operating expenses were $7.7 million in fiscal year 2024, compared to $8.8 million in fiscal year 2023.

  • Selling expenses decreased by 2.6%, to $4.8 million in fiscal year 2024, from $4.9 million in fiscal year 2023. The decrease was mainly due to the decreased selling expenses of approximately $245,000 incurred by Chanson Greenwich, as Chanson Greenwich was closed in the second half of fiscal year 2023. The decrease was also due to the decreased salary and social security expenses of approximately $293,000 from the China Stores as a result of streamlining of headcount to improve the operating efficiency during fiscal year 2024.
  • General and administrative expenses decreased by 23.4%, to $3.0 million in fiscal year 2024 from $3.9 million in fiscal year 2023. The decrease was primarily due to the decreased general and administrative expenses of approximately $659,000 incurred by Chanson Greenwich as result of its closure as mentioned above. The decrease was also attributable to the decreased fees paid for professional services such as financial consulting services in fiscal year 2024.

Net Income

Net income in fiscal year 2024 was $0.8 million, compared to $0.03 million in fiscal year 2023.

Basic and Diluted Earnings per Share

Basic and diluted earnings per share in fiscal year 2024 was $0.05, compared to $0.003 in fiscal year 2023.

Balance Sheet

As of December 31, 2024, the Company had cash and cash equivalents of $12.1 million, compared to $1.5 million as of December 31, 2023.

Cash Flow

Net cash provided by operating activities was $3.5 million in fiscal year 2024, compared to net cash used in operating activities of $3.0 million in fiscal year 2023.

Net cash provided by investing activities was $1.9 million in fiscal year 2024, compared to net cash used in investing activities $10.5 million in fiscal year 2023.

Net cash provided by financing activities was $5.4 million in fiscal year 2024, compared to $12.1 million in fiscal year 2023.

About Chanson International Holding

Founded in 2009, Chanson International Holding is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China and New York, United States. Chanson currently manages 55 stores in China, and three stores in New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson’s dedicated and highly-experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the Company’s website: http://ir.chanson-international.net/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly 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 such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Chanson International Holding
Investor Relations Department
Email: IR@chansoninternational.com 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

 

 

CHANSON INTERNATIONAL HOLDING AND SUBSIDIARIES 

 CONSOLIDATED BALANCE SHEETS 

 December 31, 

 December 31, 

2024

2023

 ASSETS 

 CURRENT ASSETS: 

 Cash and cash equivalents 

$

12,102,763

$

1,481,302

 Accounts receivable 

991,467

1,995,067

 Inventories 

738,773

723,905

 Long term loan to a third-party, current 

2,000,000

 Prepaid expenses and other current assets 

2,595,417

5,134,173

18,428,420

9,334,447

 NON-CURRENT ASSETS: 

 Operating lease right-of-use assets 

11,021,615

13,059,561

 Property and equipment, net 

4,444,473

5,462,063

 Intangible assets, net 

262,500

150,000

 Long term security deposits 

944,170

894,715

 Prepayment for the software, equipment and
product development 

790,000

 Long term debt investment 

6,359,014

6,534,575

 Long term loan to a third-party 

2,066,822

 Long term prepaid expenses 

315,642

142,113

23,347,414

29,099,849

 TOTAL ASSETS 

$

41,775,834

$

38,434,296

 LIABILITIES 

 CURRENT LIABILITIES: 

 Short-term bank loans 

$

1,507,159

$

2,683,692

 Accounts payable 

2,127,740

1,919,189

 Due to a related party 

772,489

48,042

 Taxes payable 

48,712

96,176

 Deferred revenue 

6,697,964

7,085,696

 Operating lease liabilities, current 

2,325,390

2,198,192

 Other current liabilities 

662,963

697,702

14,142,417

14,728,689

 NON-CURRENT LIABILITIES 

 Operating lease liabilities, non-current 

9,207,971

11,691,251

9,207,971

11,691,251

 TOTAL LIABILITIES 

23,350,388

26,419,940

 COMMITMENTS AND CONTINGENCIES 

 SHAREHOLDERS’ EQUITY 

  Ordinary shares, $0.001 par value,
5,000,000,000 shares authorized; 27,299,707
shares and 12,425,319 shares issued and
outstanding as of December 31, 2024 and 2023,
respectively:*

  Class A ordinary share, $0.001 par value,
4,400,000,000 shares authorized; 21,629,707
shares and 6,485,319 shares issued and
outstanding as of December 31, 2024 and 2023,
respectively 

21,629

6,485

  Class B ordinary share, $0.001 par value,
600,000,000 shares authorized; 5,670,000 and
5,940,000 shares issued and outstanding as of
December 31, 2024 and 2023, respectively 

5,670

5,940

 Additional paid-in capital 

17,724,592

11,800,472

 Statutory reserve 

661,924

447,231

 Retained earnings (accumulated deficit) 

391,338

(150,254)

 Accumulated other comprehensive loss 

(379,707)

(95,518)

 TOTAL SHAREHOLDERS’ EQUITY 

18,425,446

12,014,356

 TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY 

$

41,775,834

$

38,434,296

* Retrospectively restated for effect of the authorized shares increased on March 12, 2025.

 

 

 

CHANSON INTERNATIONAL HOLDING AND SUBSIDIARIES 

 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) 

  For the Years Ended December 31,  

2024

2023

2022

 REVENUE 

$

18,227,537

17,252,662

13,272,075

 COST OF REVENUE 

11,033,219

9,105,337

7,169,404

 GROSS PROFIT 

7,194,318

8,147,325

6,102,671

 OPERATING EXPENSES 

 Selling expenses 

4,757,279

4,882,958

3,697,909

 General and administrative expenses 

2,966,659

3,874,868

3,842,787

 Total operating expenses 

7,723,938

8,757,826

7,540,696

 LOSS FROM OPERATIONS 

(529,620)

(610,501)

(1,438,025)

 OTHER INCOME (EXPENSE) 

 Interest (expense) income, net 

-50,928

35,505

(35,457)

 Other income, net 

687,492

193,425

194,824

 Interest income from long term debt investment 

723,945

534,575

        Total other income, net 

1,360,509

763,505

159,367

 PROFIT (LOSS) BEFORE INCOME TAX
EXPENSE 

830,889

153,004

(1,278,658)

 INCOME TAX EXPENSE 

(74,604)

(119,416)

(9,547)

 NET INCOME (LOSS) 

756,285

33,588

(1,288,205)

 Foreign currency translation loss 

(284,189)

(130,778)

(369,705)

 TOTAL COMPREHENSIVE INCOME
(LOSS) 

$

472,096

(97,190)

(1,657,910)

 Earnings (loss) per ordinary share – basic
and diluted 

$

0.05

0.003

(0.14)

 Weighted average shares – basic and diluted 

16,423,670

11,537,373

9,000,000

 

 

 

CHANSON INTERNATIONAL HOLDING AND SUBSIDIARIES

 CONSOLIDATED STATEMENTS OF CASH FLOWS 

 For the Years Ended December 31,

2024

2023

2022

 Cash flows from operating activities:

 Net income (loss)

$

756,285

$

33,588

$

(1,288,205)

 Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating
activities:

 Amortization of operating lease right-of-use
assets

2,639,094

2,628,985

2,533,074

 Depreciation and amortization

823,869

831,820

701,461

 (Gain) loss on disposal of property and
equipment

(152,517)

4,982

 Impairment loss on property and equipment

272,350

 Accrued interest income from long term debt
investment

(723,945)

(534,575)

 Interest income from loan to a third-party

(90,986)

(66,822)

 Changes in operating assets and liabilities:

 Accounts receivable

959,859

(766,760)

(215,847)

 Inventories

(32,001)

(45,821)

(206,264)

 Prepaid expenses and other current assets

2,552,891

(3,573,002)

(430,717)

 Long term security deposits

(58,209)

57,185

84,374

 Long term prepaid expenses

(180,281)

(34,010)

(26,504)

 Accounts payable

265,315

530,195

247,015

 Taxes payable

(46,790)

(31,943)

103,212

 Deferred revenue

(179,643)

307,169

1,411,004

 Other current liabilities

(25,902)

(292,138)

(433,848)

 Operating lease liabilities

(2,969,001)

(2,275,056)

(1,927,407)

 Net cash provided by (used in) operating
activities

3,538,038

(2,953,853)

551,348

 Cash flows from investing activities:

 Purchase of property and equipment

(583,313)

(773,964)

(860,034)

 Purchase of intangible assets

(150,000)

 Proceeds from disposal of property and
equipment

35,562

444

 Payment made for long term debt investment

(6,000,000)

 Interest income received from long term debt
investment

899,507

 Advance of loans to third parties

(3,900,000)

 Repayment from loans to third parties

907,704

1,150,104

 Prepayment for the software, equipment and
product development

(1,190,000)

 Refund of prepayment for the product
development

650,000

400,000

 Net cash provided by (used in) investing
activities

1,909,460

(10,463,416)

(860,034)

 Cash flows from financing activities:

 Gross proceeds from initial public offerings

13,560,000

 Direct costs disbursed from initial public
offerings proceeds

(1,529,631)

 Proceeds from sales of ordinary shares, net of
issuance costs

5,938,994

 Proceeds from short-term bank loans

2,225,715

2,685,588

445,831

 Repayments of short-term bank loans

(3,338,573)

(424,040)

(1,474,129)

 Advances received from (payments made to) a
related party

524,610

(1,892,423)

1,076,717

 Payments made for deferred offering costs

(340,469)

(38,490)

 Net cash provided by financing activities

5,350,746

12,059,025

9,929

 Effect of exchange rate fluctuation on cash and
cash equivalents

(176,783)

(75,924)

(682,585)

 Net increase (decrease) in cash and cash
equivalents

10,621,461

(1,434,168)

(981,342)

 Cash and cash equivalents, beginning of year

1,481,302

2,915,470

3,896,812

 Cash and cash equivalents, end of year

$

12,102,763

$

1,481,302

$

2,915,470

 Supplemental cash flow information

 Cash paid for income taxes

$

45,128

$

92,409

$

5,282

 Cash paid for interest

$

141,106

$

32,444

$

37,277

 Non-cash operating, investing and financing
activities

 Payable for purchase of property and equipment

$

$

$

463,556

 Reduction of right-of-use assets and operating
lease obligations due to early termination of lease
agreement

$

2,519,354

$

$

 Right of use assets obtained in exchange for
operating lease liabilities

$

2,719,792

$

1,676,362

$

5,160,825

 Deferred IPO cost offset with additional paid-in
capital

$

$

1,095,872

$

 Intangible assets acquired by prepayment

$

140,000

$

$

 

 

MEDIA ADVISORY – Canada’s No. 1 Hospital to announce strategy to attract world’s most promising scientists to drive health innovation and economic growth

TORONTO, April 5, 2025 /PRNewswire/ —

WHAT: Canada’s No. 1 Hospital, University Health Network (UHN) is unveiling an ambitious strategy aimed at attracting the brightest minds in medical research to Canada, whose work will help fuel economic development, Canadian-based manufacturing and high-quality jobs.

WHEN: Monday, April 7, 2025, at 11:30 a.m. — Media, please arrive 15 minutes prior.

WHERE: UHN’s Toronto General Hospital, 200 Elizabeth Street, Toronto, ON  

WHO: 

  • Hon. Doug Ford, Premier of Ontario 
  • Hon. Sylvia Jones, Deputy Premier of Ontario and Minister of Health 
  • Dr. Kevin Smith, President & CEO, UHN 
  • Dr. Brad Wouters, Executive Vice President, Science & Research, UHN 
  • Mr. Cornell Wright, Deputy Chair, UHN Board of Trustees 

Remarks will start promptly at 11:45 a.m. 

For those outside the city of Toronto, event will be live streamed starting 11:45 am 

More information at www.UHNCanadaleads.ca  

RSVP: Please send confirmation of journalists attending to ana.fernandes@uhn.ca  

 

ITRI Wins Seven 2025 Edison Awards for Groundbreaking Technologies

FORT MYERS, Fla., April 5, 2025 /PRNewswire/ — The Industrial Technology Research Institute (ITRI) secured an impressive seven awards at the 2025 Edison Awards™ with its cutting-edge technological innovations. Out of 140 winners, ITRI garnered three golds, three silvers, and one bronze, holding the highest total by an Asia-based organization this year. This also marks the highest number of wins by the Institute in a single year and extends its winning streak at the Edison Awards™ to nine consecutive years, placing it alongside industry giants like Dow and DuPont.

Photo Caption: ITRI receives three golds, three silvers, and one bronze at the 2025 Edison Awards in Florida on April 3
Photo Caption: ITRI receives three golds, three silvers, and one bronze at the 2025 Edison Awards in Florida on April 3

“ITRI, in a lot of ways, is so consistent in innovating and bringing new products to market. You continue to create to make people’s lives better. You’re very good about looking at recyclability and breaking down different solutions that ultimately allow for new products to be made. The fact that you’ve got seven winners this year is a testament to your hard work.” said Frank Bonafilia, Executive Director of the Edison Awards. He also noted that he was impressed by ITRI’s innovations such as NaPoGlass, which filters wastewater using recycled LCD glass; the Dual-Phase Hydrogel, which speeds up post-surgical healing; and the Adaptive Cold Energy Management System, which cuts refrigeration energy use by up to 20%.

“We are proud to announce ITRI’s remarkable achievement at the Edison Awards this year, securing seven out of Taiwan’s 18 awards,” stated ITRI President Edwin Liu. “Our winning technologies span three critical sectors: AI, sustainability, and biomedical technology. In AI, we have cybersecurity gatekeeper Janus, EV fleet charging solution Fleetchargo, Smart Aqua Leak Finder, and Adaptive Cold Energy Management System. In sustainability, our NaPoGlass removes heavy metal from wastewater, and Low-Carbon Laser H-Beam Welding optimizes construction material production. In biomedical innovation, Dual-Phase Hydrogel accelerates post-surgical recovery. We are proud to see these advancements enter the market, underscoring our commitment to driving commercialization,” he added.

ITRI’s Winning Innovations:

  • Gold Winners

The Smart Aqua Leak Finder is a portable device that utilizes AI-driven acoustic technology and GPS mapping to detect underground pipe water leaks in three seconds with 98% accuracy. By minimizing repair time and water loss, it offers an innovative solution to overcome global water scarcity.

NaPoGlass is a nanoporous composite made from waste LCD glass. It can adsorb metal ions and filters wastewater without leaving metal sediment. This innovation enables water recycling, and after multiple uses, it can be repurposed into products such as humidity-regulating tiles, deodorizing insoles, and antibacterial keyboards.

The Dual-Phase Hydrogel is an injectable biomaterial that coagulates at body temperature, preventing post-operative adhesions and enabling accelerated cell growth to facilitate faster recovery. Its unique gel formation extends the therapeutic effects of wound-healing factors for up to 30 days, significantly outperforming traditional hydrogels that are quickly broken down by the body.

  • Silver Winners

Janus: AI-Driven Cybersecurity Gatekeeper is on-site AI automation solution that protects enterprises from cyberattacks, reducing costs and assess security risks without IT specialists. Leveraging patented technology, Janus translates complex network logs into clear, actionable behavioral rules, continuously refining them in real time and safeguarding against evolving threats.

Fleetchargoco-developed by ITRI, eTreego, and NeoPower Technologies, is a smart EV fleet charging solution that optimizes energy management and scheduling with adaptive current technology and AI analysis. It reduces grid load by 50%, extends battery life by 20%, boosts e-bus fleet operation efficiency, prevents charging accidents, and supports urban electrification and sustainability.

ITRI and Taiwan Mask Corporation’s Low-Carbon Laser H-Beam Welding revolutionizes the manufacture of steel structures for the building industry by achieving full penetration welds, energy-saving and lower CO2 emissions. Through digital twins, intelligent weld-path tracking, precision positioning and auto-loading and -unloading, it reduces labor needs, shortens lead times, and eliminates post-treatment, increasing production capacity of H-beams fivefold at a third of the cost.

  • Bronze Winner

The Adaptive Cold Energy Management System optimizes energy use in commercial sites like wholesale stores and supermarkets. By leveraging deep reinforcement learning (DRL), it adapts to environmental conditions to enhance energy efficiency, reducing energy consumption by 15% to 20%. The system also helps stabilize the power grid by adjusting refrigeration equipment power and enabling pre-cooling during demand response events.

Visit here to see the complete 2025 winner list.

About ITRI
Industrial Technology Research Institute (ITRI) is one of the world’s leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan’s industries from labor-intensive into innovation-driven. To address market needs and global trends, it has launched its 2035 Technology Strategy and Roadmap that focuses on innovation development in Smart Living, Quality Health, Sustainable Environment, and Resilient Society.

Over the years, ITRI has been dedicated to incubating startups and spinoffs, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Germany, Japan, and Thailand in an effort to extend its R&D scope and promote international cooperation across the globe. For more information, please visit https://www.itri.org/eng.

KOLON SPORT Launches Pioneering Sub-Line「K:」

Empowering the Evolution of Asian Outdoor Aesthetics Through Innovation 

TOKYO, April 4, 2025 /PRNewswire/ — KOLON SPORT, a premium outdoor lifestyle brand, has unveiled its avant-garde sub-line「K:」—a bold initiative that merges minimalist efficiency with “quiet luxury” aesthetics, marking a new chapter in revolutionizing Asian outdoor design. Guided by the philosophy of “function over form,” 「K:」 captures intricate natural details, combining innovative tailoring, high-end fabrics, and a unique color system to establish its distinct visual and functional identity. 


The debut 2025 Spring/Summer collection, titled “THAW,” draws inspiration from the cyclical rhythm of seasons. Through material and structural innovation, the collection bridges outdoor and urban environments, infusing metropolitan lifestyles with the vitality of nature while rekindling urban dwellers’ connection to the natural world. 

On April 1, the “Forest Cycle” exhibition, complementing the launch of the「K:」2025 Spring/Summer collection, opened in Tokyo at an art space designed by renowned architect Tadao Ando. Japanese actor, singer, and cultural icon Yosuke Kubozuka attended the event wearing「K:」’s new designs, joining guests to witness the sub-line’s grand debut. 


The “Forest Cycle” exhibition presents a space inspired by natural cycles, divided into three thematic zones: “Echoes,” “THAW,” and “Awakening.” These zones explore the essence of seasonal transitions, creating a multidimensional dialogue around life, time, and nature’s evolution. 


The「K:」2025 Spring/Summer “THAW” collection features a versatile product lineup, including waterproof jackets, trousers, skirts, hiking shoes, T-shirts, and shirts, designed to transition seamlessly from professional outdoor protection to everyday urban style. Color palettes draw from the harmonies of winter, spring, and summer, while advanced materials such as GORE-TEX, POLARTEC fleece, and wool knits strike a balance between technology and nature. 


Standout pieces include the VALLEY series jackets, celebrated for their superior outdoor performance, avant-garde 3D cuts, and seasonally resonant hues. The VALLEY series adopts a slightly loose cropped silhouette tailored for Asian body types, with ergonomic curved designs at the back, shoulders, and elbows for unrestricted movement during outdoor activities. 

Since its inception, KOLON SPORT has championed its philosophy of “Your Best Way to Nature,”  committing to technological innovation, design excellence, and sustainability. The brand strives to elevate outdoor experiences into premium lifestyle moments, fostering harmony between humanity and nature. The「K:」sub-line redefines “quiet luxury” outdoor aesthetics through cutting-edge technology and fashion-forward silhouettes, reinforcing the brand’s dedication to high-end outdoor living. 

Tokyo, as the birthplace and trendsetter of Asian pop culture, was chosen as the launchpad for 「K:」 The city’s fusion of avant-garde culture and natural ethos aligns perfectly with 「K:」’s  vision of bridging urban and outdoor realms, providing a symbolic stage for the collection’s debut. 

Worship Ceremony for Yellow Emperor: Global Chinese Gathered to Strengthen Civilization Consensus

ZHENGZHOU, China, April 4, 2025 /PRNewswire/ — On March 31, 2025, the Ancestor Worship Ceremony of the Yellow Emperor in the Year of Yisi was held in Xinzheng, Zhengzhou City, Henan Province. The Chinese from the globe gathered at the Yellow Emperor’s hometown to pray for national rejuvenation and share common hopes of world peace. The grand ceremony was themed “Same Root, Same Ancestor, Same Origin”, paying homage to the Ancestor of Chinese Civilization.

Scene of the Ancestor Worship Ceremony (Photo by He Ning)
Scene of the Ancestor Worship Ceremony (Photo by He Ning)

“The Yellow Emperor marks the beginning of Chinese civilization. A series of archaeological discoveries have confirmed that the Yellow Emperor’s era was spanning from the origin to the initial formation of civilization,” explained Wang Wei, former chairman of the Chinese Archaeological Society and director of the Henan Provincial Institute of Cultural Relics and Archaeology.

 Chen Linchun, chief director of the Ancestor Worship Ceremony, stated that the ceremony contains the codes of Henan civilization: Zheng-Han Ancient City was the capital of the Zheng and Han states during the Spring and Autumn and Warring States periods. The costume designs for this year’s ceremony were inspired by styles from the Western Zhou, Spring and Autumn, and Warring States periods; while the ceremonial music and dance performances were choreographed based on stone carvings, murals, and reliefs unearthed at Henan archaeological sites. “While there were innovations, they were all based on historical and cultural evidence,” he explained.

The Ancestor Worship Ceremony serves as a spiritual bond that unites the Chinese nation. Wen Shanan, Secretary-General of the China-Thailand Cultural Exchange Association and President of the Wen Clan Association of Thailand, said, “As overseas Chinese, we have been promoting people-to-people exchange between the two countries, and we have kept in mind that Henan is our ancestral root.”

Dato’ Seri Ang Lai Hee, a fourth-generation Malaysian Chinese, attended the Ancestor Worship Ceremony. He has long been committed to protecting the heritage of Yellow Emperor culture in Malaysia.

Jason Dane Castleton, an American friend, was deeply moved when he saw the ceremony. He exclaimed, “Such Chinese culture is really amazing.”

Recently, parallel worship ceremonies have been held in Sydney, San Francisco, Hong Kong Special Administrative Region and other global cities. As global Chinese communities paid homage to their common ancestor, they not only reconnected with the roots of Chinese civilization but also built bridges for cross-civilization dialogue.

During the event, Zhengzhou Radio and Television Station collaborated with nearly fifty Chinese-language media outlets worldwide to broadcast the Ancestor Worship Ceremony, sharing this significant moment with a global audience.

 

Bigo Live’s Harmony Showdown Competition to Conclude in Miami with Exciting Creator Summit

MIAMI, USA – Media OutReach Newswire – 4 April 2025 – Bigo Live’s Harmony Showdown talent competition will come to a thrilling conclusion on April 9, 2025, at BIGO Fest: Miami Live. Organized by global social livestreaming platform Bigo Live, Harmony Showdown is a head-to-head talent competition featuring musical acts and performers coached by celebrities with rigorous eliminations determined by fan voting. From an initial pool of 2,000 contestants, two finalists have been granted the privilege to perform live at the Wynwood Market in Miami on April 9. Creators Droskial and TheRealBIGPAPI will take the stage one last time in mutual celebration of the competition. Judges Jaidyn Alexis, InkMonstarr and DJ WZRD will also be present to award each finalist top honors.

The finale of talent show Harmony Showdown will take place on Apr 9 in Miami.
The finale of talent show Harmony Showdown will take place on Apr 9 in Miami.

Beyond determining the results of the Harmony Showdown Competition, Bigo Fest: Miami Live will provide networking opportunities for creators, industry professionals and livestreaming enthusiasts. The event will feature discussion panels that will dive into strategies related to optimizing content on Bigo Live to activate audiences to their full potential. These discussions will be accompanied by content creation sessions, in which Bigo Live creators will have the opportunity to connect with one another and share their approach to livestreaming content.

Following the summit, a cocktail reception will offer further networking opportunities. The evening will conclude with a live show featuring performances from the finalists of the Harmony Showdown Competition. Awards will be presented and attendees will have the chance to enter various raffles.
To join the excitement and watch the performances live, download the Bigo Live app from the App Store or Google Play and tune in to the livestream. Those watching at home can catch the live stream show on the BIGO App at 6 p.m. EST.

Hashtag: #BIGO #BIGOLIVE #BIGOTECHNOLOGY


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

About Bigo Live

Bigo Live is a leading global social live-streaming platform that empowers users to livestream in real time, share life moments, showcase their talents and engage with audiences worldwide. With over 500 million users across more than 150 countries and regions, Bigo Live has a strong presence in North America, Europe, the Middle East and Southeast Asia, fostering seamless global connectivity. Leveraging advanced livestreaming technology, the platform delivers high-resolution video, low-latency streaming, and interactive beauty features, creating an immersive and engaging experience for users everywhere.