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Science and Technology Daily: Xi’an, Where Ancient Culture Meets Smart Future

XI’AN, China, Aug. 25, 2025 /PRNewswire/ — Xi’an in northwest China, where the ancient Silk Road began, now symbolizes China’s fusion of heritage and innovation. Part of our “Into Tech Park” series, this edition explores how technology fuels inclusive growth through the eyes of international students and entrepreneurs. Initiatives like the China-Europe Railway Express and Qinchuangyuan platform highlight Xi’an’s role as a global hub, where policy support and cultural openness turn ideas into real impact. Here, ambition finds a home, and the future is built on shared opportunity.

 

Xi’an, Where Ancient Culture Meets Smart Future

As war drums thundered across the theater, Ammara Hanif, a Pakistani student studying in Xi’an Jiaotong University (XJTU), gripped her seat. On the stage, through projection, dynamic lighting, holography, water screens and real-time video tracking, the production transformed history into a multisensory spectacle, reviving the grandeur of the Qin Dynasty and its legendary Terracotta Warriors. “This isn’t a history lesson,” she said. “It’s a time machine and we’re about to see where it leads.”

After the show, Anastassiya Yuy, a Kazakh student at the XJTU, said: “I never imagined technology could give history a heartbeat. This show didn’t just tell a story — it made me feel it. It showed that love and hope are universal, no matter where we’re from.”

Innovation for good

The combination of history and high-tech was just the beginning. The students were about to see how innovation is shaping the future beyond the stage.

The international visitors went to the Western China Science and Technology Innovation Harbor (iHarbour) of the XJTU. At its digital exhibition hall, they learned about the development history of the XJTU and its role in promoting international exchanges and sci-tech advancement.

At the Institute of Engineering & Medicine Interdisciplinary Studies, they learned about a four-year-old girl from Ganzi, Sichuan province in southwest China, who lost her nose in an accident. Thanks to 3D bioprinting and tissue engineering research led by Professor Wang Jing from the XJTU’s School of Mechanical Engineering, she received a new nose.

It was made possible through the Qinchuangyuan innovation platform, which links R&D, clinical application, and industrialization.

“This is medical treatment with a soul,” Yuy said. “I feel proud to study in a university that turns science into compassion.” Ammara added: “Seeing how interdisciplinary research can deliver real solutions gives me hope for the future.”

Furthermore, they engaged in in-depth discussions with Professor Li Min from the School of Mechanical Engineering. During the exchange, the visitors gained insights into cutting-edge interdisciplinary research focused on brain-computer interaction and rehabilitation.

At the School of Information and Communications Engineering, Professor Guo Cheng introduced millimeter-wave and terahertz microsystem technologies and their application in real-world settings.

The group also toured Building 7 at the iHarbour, a model of sustainable design that won the 2023 WFEO H.J. Sabbagh Prize for Excellence in Engineering Construction. Entirely designed by XJTU’s School of Human Settlements and Civil Engineering, the building has dual-layer solar photovoltaic-electrothermal systems, passive energy-saving strategies, and intelligent internal flow control, setting a new standard for eco-friendly smart architecture.

This forward-thinking mindset extends into education, where global partnerships are shaping the next generation of innovators. The students visited the XJTU-POLIMI Joint School, established in 2022. As the first Sino-foreign cooperative educational institution between Politecnico di Milano (POLIMI) and a Chinese university, the joint school serves as a global platform for education, research and startup incubation. “Education without borders,” said Russian student Alexey Pilipchak. “This is what global learning should be.”

Where openness fuels shared growth

Innovation thrives where ideas and intelligence flow freely. In Xi’an, this openness is embodied not just in factories and universities, but especially in the rails that connect them to the world.

At the Shaanxi Automobile Holding Group, the visitors gained an in-depth understanding of smart manufacturing. “In just few minutes, workers with technical support assembled an entire cabinet,” Ammara said. “The smart technology shows speed, efficiency and precision. It’s intelligent work.”

Emelyanova Anastasiya, a young entrepreneur from Belarus, was struck by the company’s customer service: “I’ve never heard of a company offering such comprehensive support. What you have done is to build long-term trust. Your service is exceptional.”

At the Xi’an International Port, a China-Europe Railway Express (Xi’an) train slowly pulled away, embarking on another journey along the bustling modern Silk Road. In the first half of 2025 alone, 3,055 such trains ran between Xi’an and different global destinations, carrying 3.45 million tons of cargo, a 34.8 percent year-on-year increase. “This is the new Silk Road,” remarked Shamsullah Shariati, a young entrepreneur from Afghanistan, adding that it means a lot for international cooperation. Yuy, who comes from Almaty, the largest city in Kazakhstan, said: “I used to think of borders as walls. Now I see them as connections. This train doesn’t just carry goods — it carries opportunity.”

Alexey, majoring in logistics management, said: “China is one of the world’s largest trading nations and also one of the fastest-developing countries in global logistics and transportation systems. I wanted to gain more knowledge and experience in this field, so I decided to come and study here.”

In ancient times, Xi’an served as a crucial eastern terminal of the Silk Road, a major trade route connecting the East and West. Today, it is regaining that legacy through innovation, collaboration and openness, demonstrating how technology and connectivity are shaping a future where both tradition and progress coexist harmoniously.

The city that makes foreigners feel at home

This spirit of openness is not just reshaping the city’s skyline. More importantly, it’s also creating new opportunities for people from around the world.

For Mukum Martin Mukum, a Cameroonian entrepreneur who has lived in Xi’an in northwest China for nine years, it was not the immigration officer’s stamp on his passport that made him feel at home, it was a cup of tea.

“It happened at a government event,” Mukum recalled during a recent interview. “I discovered a local tea so remarkable that I immediately sent some to my mother. Her response ‘Why didn’t you bring this home sooner?’ was my ‘aha’ moment. Now I’m determined to introduce this treasure to Cameroon and build a business around it.”

That spark of entrepreneurial idea, born from cultural exchange and supported by local policy, is exactly what the Xixian New Area of Xi’an is cultivating.

A national sci-tech innovation special zone, the Xixian New Area is a window to the Qinchuangyuan platform, where new ideas are born and academic strengths transform into economic impact.

Han Ping, deputy director of the technology innovation and new economy bureau of Xixian New Area, told Science and Technology Daily: “Xi’an is a city of knowledge, home to over 100 universities and top-tier research institutions. Qinchuangyuan was created to turn academic strength into real economic impact by opening doors to global talent and turning ideas into action.”

The Xixian New Area launched a pilot program to attract talent from around the globe. The process is simple: Submit a business plan and choose an international incubator. And upon approval, applicants can receive full support, from company registration and legal aid to work permits and office space.

“We want you to thrive,” Han said. Even students can participate. Through partnerships with universities like the Xi’an Jiaotong University (XJTU), they can intern with local firms, test market ideas, and gain real-world experience long before graduation. “It’s a bridge from campus to commerce,” Han added. “And it’s open to everyone.”

 

Xi’an, Where Ancient Culture Meets Smart Future
Xi’an, Where Ancient Culture Meets Smart Future

Recon Hits Milestone: Chemical Recycling Plant Construction Finished as Project Nears Production Launch

BEIJING, Aug. 25, 2025 /PRNewswire/ — Recon Technology Ltd. (“Recon” or “the Company”), a China-based provider of oilfield and low-carbon energy services, announced today that the main manufacturing plant for Shandong Recon Renewable Resources Technology Co., Ltd. (“Shandong Recon”)’s 40,000-ton-per-year waste plastic chemical recycling project (“Recon Plastic Chemical Recycling Project”) was successfully topped out. This marks a key breakthrough in the project’s construction, as it officially enters the equipment installation and commissioning phase. To date, the Company has invested over $15 million in this project. The project is expected to be fully completed by November 2025, and a required one-month trial operations production phase will commence in December 2025, in accordance with domestic regulatory laws, rules, and regulations.

Recon 40,000-ton-per-year waste plastic chemical recycling project
Recon 40,000-ton-per-year waste plastic chemical recycling project

The Recon Plastic Chemical Recycling Project spans an area of approximately 50 acres. Upon completion and commencement of operations, the main construction components of the project will include six pyrolysis units, two distillation units, and corresponding environmental protection facilities. The project is expected to produce 30,000 tons of plastic pyrolysis oil and 6,000 tons of carbon residue annually, generating an estimated $30 million in annual returns and achieving the high-value conversion of waste plastic resources.

Recon is currently engaged in in-depth discussions with several multinational chemical giants and leading domestic chemical companies. The Company has successfully signed product purchase intent and strategic cooperation agreements to jointly explore the diverse applications of its high-value pyrolysis oil products.

Technologically, the Recon Plastic Chemical Recycling Project adopts a dual-process approach combining catalytic pyrolysis and catalytic reforming. The pyrolysis process employs a “horizontal screw-type three-stage continuous reactor” for the first time, and effectively addressing the technical challenge of plastic coking in traditional processes and ensuring stable and continuous feedstock supply. Additionally, the introduction of catalytic reforming significantly increases the olefin content of the pyrolysis oil, substantially enhancing its value and competitiveness in the market. These technological breakthroughs are leading-edge applications in the global plastic pyrolysis field. Currently, the primary raw material for this project is membrane film-type waste plastic, which is difficult to process using physical recycling methods.

Management Commentary

Mr. Yin Shenping, the CEO of Recon, stated: “We are delighted to announce the successful completion of the main structures of the Shandong project, which marks an important milestone in its construction. This demonstrates our team’s ability to execute efficiently and underscores our commitment to advancing the industrialization of the plastic chemical recycling industry. Our core process has passed scientific and technological achievement evaluations by authoritative institutions, rigorous industrialization experiments, and domestic safety and reliability verification, laying a solid foundation for the project’s safe and stable operation.”

“During 2025, our primary objective is to ensure the project’s smooth commissioning and stable production of products that meet stringent standards. We will spare no effort to transform the Shandong Recon plant into a globally leading benchmark facility for the stable and continuous production of plastic chemical recycling. The plastic pyrolysis oil produced here will serve as high-quality, sustainable chemical feedstock for large-scale chemical plants and consumer goods companies both domestically and internationally. We are also striving to meet international certification requirements such as ISCC (International Sustainability and Carbon Certification).

“By implementing full-process digital management, we are actively building a low-carbon smart factory. This is not only to improve operational efficiency and environmental performance but also to establish a ‘standard factory’ model that can be rapidly replicated. This will support Recon’s future rapid scale expansion in the field of waste plastic resource utilization. We firmly believe that this project will be a significant source of profit for Recon upon its launch. Once operational, the project will effectively utilize the resources of various low-value waste plastics, including municipal solid waste plastics, industrial waste plastics, and agricultural films. This will provide a technical solution to address “white pollution” and promote a circular economy. In the future, Recon will continue to focus on upgrading core technologies for waste plastic chemical recycling, integrating and optimizing raw material supply chains, and expanding terminal product portfolios to build a more complete industrial ecosystem and achieve higher economic and social value.”

About Recon Technology, Ltd (“RCON”)

Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic of China’s first NASDAQ-listed non-state-owned oil and gas field service company. Recon supplies China’s largest oil exploration companies, Sinopec and The China National Petroleum Corporation (“CNPC”), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/

Forward-Looking Statements Disclaimer:

Recon includes “forward-looking statements” within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,” “should,” “would,” “expect,” “believe,” “anticipate,” “project,” “plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,” “intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.

For more information, please contact:

Ms. Liu Jia

Chief Financial Officer

Recon Technology, Ltd

Phone: +86 (10) 8494-5799

Email: info@recon.cn

iClone AI Assistant: The Fully-Owned, AI-Powered Brand Representative for Your Business

SAN JOSE, Calif., Aug. 25, 2025 /PRNewswire/ — Reallusion, a pioneer in 3D character animation with 25 years of industry expertise and creator of Character Creator and iClone, has unveiled its latest innovation: iClone AI Assistant (IAA). This intelligent agent solution empowers users to build and fully own customized AI representatives for all customer-facing interactions.

Reallusion introduced its new iClone AI Assistant (IAA) at SIGGRAPH 2025 in Vancouver, showcased at the Dell Technologies booth and spotlighted by NVIDIA for its seamless integration with NVIDIA ACE technology.
Reallusion introduced its new iClone AI Assistant (IAA) at SIGGRAPH 2025 in Vancouver, showcased at the Dell Technologies booth and spotlighted by NVIDIA for its seamless integration with NVIDIA ACE technology.

Making its debut at SIGGRAPH 2025 in Vancouver, IAA was showcased at the Dell Technologies booth and spotlighted by NVIDIA for its seamless integration with NVIDIA ACE technology. The launch attracted strong attention from industry professionals, who praised IAA’s ability to deliver lifelike, real-time, and interactive results with exceptional speed and precision—reactions captured in this video from the event.

A Customizable Interactive AI Solution

IAA is an advanced solution designed to give businesses total control over their AI-powered digital representatives. Unlike other services that operate on rented or shared platforms, IAA is 100% Yours—a fully customizable system that runs within your own infrastructure. It’s built to represent your brand, manage customer interactions, and provide 24/7 support across websites, kiosks, and mobile phones. With no dependency on third-party servers, your data, models, and interactive experiences remain entirely in your hands.

“Reallusion’s Interactive Agent integrates with NVIDIA ACE technology and has the ability to have a Character Creator-built character driven by AI, so you can chat with it and have it react, even going as far as looking at you on the camera and reacting to your emotions. So, really cool technology driven by AI!”—Vincent Brisebois, Sr Developer Relations Manager, Media and Entertainment, NVIDIA

Core Features That Power the Platform

At the heart of iClone AI Assistant are three powerful features. First, Standout Characters from Reallusion’s Character Creator ecosystem let you build fully customizable 3D avatars. From realistic humans with skin-level detail to stylized characters with bold colors and shapes, the range of expressive, brandable digital agents is unmatched. Second, Automatic Interaction is enabled through Reallusion’s proprietary Auto Facial Animation (AFA) technology, which delivers lifelike facial expressions, gestures, and lip sync that make every agent feel alive. Third, Bespoke Integration ensures seamless API connectivity, so your interactive agent can operate within your own digital platforms safely and securely.

Versatile Applications for Any Environment

Designed for a wide range of applications, the IAA functions flawlessly across multiple customer touchpoints. Whether deployed as an AI concierge at a trade show kiosk, a virtual assistant on a website, or a responsive guide within a mobile phone, the system supports real-time cloud or local rendering at HD 60 fps. This flexibility ensures smooth performance and visual fidelity on any device. Through JavaScript and browser APIs, you can embed agents that recognize users, respond to inputs, and follow behavioral workflows tailored to your business goals.

Avatar Variety to Match Your Brand Identity

Reallusion offers two distinct avatar styles to suit any brand identity. Realistic human avatars are built from high-fidelity 3D scans, offering detailed facial structures, natural skin textures, and authentic movement. These are ideal for professional or service-driven industries where trust and realism matter. On the other hand, stylized IP characters bring a fun, bold visual flair to your experience—perfect for marketing, education, and entertainment applications. Both types are part of a fully rigged 3D character ecosystem that supports complex animation, allowing you to convey anything from formal professionalism to energetic enthusiasm.

Lifelike Animation and Persona Control

With IAA, you gain precise control over animation, personality, and performance. The system enables fine-tuning of lip sync, facial gestures, head movement, and eye tracking—all seamlessly synchronized with natural language processing and TTS output. Powered by NVIDIA ACE technology, avatars can deliver multilingual speech with emotionally aware responses. You can define distinct personas for each agent, specifying behavioral traits and emotional ranges. Reactions are driven by procedural logic graphs that connect tone, keywords, and context to expressions and gestures—making conversations feel remarkably human.

Intelligent Engagement Features

Customer engagement is greatly enhanced through AI-enabled sensory capabilities. Integrated face tracking allows avatars to maintain eye contact and respond to user presence. Emotion detection empowers agents to mirror or contextually react to users’ facial expressions, adding empathy and nuance to interactions. For desktop experiences, cursor tracking lets the agent visually follow and respond to mouse movements—subtly reinforcing the feeling of being seen and heard. These intuitive features foster deeper connections and elevate the user experience.

Open to Third-Party Integration

IAA provides robust third-party integration options. Its API is compatible with leading LLMs, TTS engines, CRM platforms, and custom RAG systems, enabling you to build intelligent agents that leverage your existing content, tools, and workflows.

Partner with Reallusion

Reallusion invites brand owners, system integrators, and AI solution providers to partner in shaping the future of digital human interaction. Deploy avatars that are intelligent, expressive, and fully aligned with your mission. Whether in retail, education, healthcare, entertainment, or enterprise services—now is the time to take full control of your AI presence. Book a demo of IAA today and experience what’s possible when your Interactive Agent is truly your own.

DREO to Preview Next-Gen Home Comfort Innovations and Accelerate EMEA Expansion at IFA 2025

BERLIN, Aug. 25, 2025 /PRNewswire/ — DREO, the No.1 tower fan brand on Amazon in the US, UK, and Germany*, and the No.1 heater brand on Amazon in the US and UK*, officially announces its participation at IFA 2025, taking place September 5–9, with exclusive Media Days on September 3–4.

DREO 2025 IFA Invitation
DREO 2025 IFA Invitation

This marks DREO’s second appearance at IFA, reaffirming the brand’s commitment to innovation and its ambitious growth across the EMEA region. DREO continues to lead in its core categories, holding a 29% market share for tower fans and 14% for heaters in the EU, supported by a 92% revenue increase from 2023 to 2024.

Driven by a multi-channel expansion strategy, DREO is strengthening its leadership in Germany while accelerating growth across key EMEA markets including the UK, France, Ukraine, and the Baltic States. By 2026, the brand plans to establish presence in over 400 retail locations across Germany, including major chains such as MediaMarkt, Saturn, Expert, and Euronics, in addition to its strong online leadership.

Previewing Breakthrough Comfort Solutions

At IFA 2025, DREO will preview a new era of home comfort innovations, offering an exclusive first look at technologies set to redefine how people manage indoor climate. Building on its proven expertise in heating, cooling, and air circulation, DREO is preparing to unveil solutions that go beyond incremental upgrades — setting new standards for smarter, faster, and more immersive comfort experiences. The full reveal will take place during the show, where media and attendees will be among the first to explore DREO’s next wave of innovations shaping the future of comfort.

Joshua Gunn, Vice President at DREO, said:

“IFA 2025 marks an important milestone for us to reaffirm our strong commitment to the EMEA market. We are investing deeply because we see tremendous potential to bring greater comfort, convenience, and smart solutions into more homes. Our vision is to grow together with the people of this region, delivering meaningful value through continuous innovation.”

Media representatives are invited to visit DREO’s booth:
Hall H7.1B-102, Messe Berlin
Media Days: September 3–4, 2025
Public Show Dates: September 5–9, 2025
Full product details and official announcements will be revealed during the show.

ABOUT DREO

DREO, the home tech pioneer transforming everyday comfort through innovation and elegant design, continues to redefine modern living. Specializing in air comfort and smart kitchen solutions, DREO has earned the trust of over 20 million users. Proudly becoming the No. 1 Household Fan and Space Heater Brand on Amazon U.S. for two consecutive years and the No. 1 Tower Fan Brand in the U.S.* DREO’s products are known for their exceptional performance, energy efficiency, and seamless smart home integration, delivering both convenience and sustainability to households across the globe.

As the official partner of the LA Kings, DREO is proud to stand alongside champions of performance and innovation. Building on this partnership, the company is committed to making a meaningful impact in the local community over the next two years, and continue to inspire simple yet extraordinary home experiences.

*Ranking based on the Stackline data for Amazon U.S. retail sales of household fans and space heaters from January 2023 to January 2025.

For more details visit: https://www.DREO.com/
Follow us on Facebook: https://www.facebook.com/DREOHome
Follow us on Instagram:
https://www.instagram.com/DREO.home/
https://www.instagram.com/DREO.kitchen/
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Linklogis and XRP Ledger Announce Strategic Partnership to Advance Global Digital Supply Chain Finance Applications

SHENZHEN, CHINA – Media OutReach Newswire – 25 August 2025 – Recently, Linklogis (9959.HK), a leading Chinese supply chain fintech service provider, announced a strategic partnership with XRPL, a globally renowned enterprise-grade blockchain solution. The two parties will jointly facilitate the deployment of Linklogis global digital supply chain finance application on the XRP Ledger (XRPL) mainnet and drive its large-scale commercialization.

As the core of this collaboration, Linklogis will integrate its global digital supply chain finance platform onto the XRPL mainnet to enable the circulation and cross-border settlement of digital assets backed by real-world trade flows. This partnership not only marks its entry into the global decentralized financial ecosystem, but also demonstrates the company’s continued innovation in cross-border trade finance.

Looking ahead, the two sides will explore deeper collaboration in areas such as stablecoins and supply chain finance innovation, including smart contract–based trading of supply chain finance RWA assets and the convergence of blockchain and AI in global trade finance scenarios, further extending XRPL’s technical frontier in enterprise-grade real-world assets.

XRPL (XRP Ledger) was officially launched in 2012 by developers David Schwartz, Jed McCaleb, and Arthur Britto, with the goal of creating a more efficient and sustainable value-transfer system than Bitcoin. As early as 2011, they proposed the concept of “Bitcoin without mining,” aiming to address Bitcoin’s limitations by leveraging a distributed ledger and its native digital asset XRP (originally “ripples”) to deliver more efficient financial solutions. In 2012, the team partnered with Chris Larsen to form NewCoin, later renamed OpenCoin, which evolved into Ripple Labs (now Ripple). Its mission is to drive innovation and integration in the global financial system by bridging blockchain technology and traditional finance. XRPL has received financial support from partners worldwide—including Coil, Ripple, and Gatehub—who are committed to accelerating its technological development and global adoption to achieve decentralization and broad-based use.

Linklogis is committed to empowering supply chain finance through technology and promoting intelligence and sustainability across the industry, with the goal of becoming a leading global digital solutions provider. Since 2019, Linklogis has built out cross-border business under its “Go Early” and “Go Deep” strategy, serving customers in 27 countries and regions worldwide and processing RMB 20.7 billion in cross-border assets in 2024.

In 2020, Linklogis and Greenland Financial jointly obtained a Singapore digital banking license and founded Green Link Digital Bank, focusing on building an open digital finance ecosystem.

In 2023, Linklogis, together with the BIS Innovation Hub, Standard Chartered, RD Technologies, and Simmons & Simmons, advanced the Project Dynamo asset tokenization initiative. In the same year, the Monetary Authority of Singapore released a white paper on digital money and launched Project Guardian. As part of Project Guardian, Linklogis and Standard Chartered conducted the AssetBacked Security Token pilot that successfully issued the industry’s first tokenized product backed by trade assets, making it a key component of the initiative.

In 2024, as a founding shareholder, Linklogis helped establish SuperFi Labs, a DeFi innovation lab focused on building the next generation of consumer products on-chain. Offering RWA products on the asset side and DeFi products on the funding side, SuperFi Labs further advances the development of digital currencies and decentralized finance.

Hashtag: #Linklogis

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

Peijia Medical Announces 2025 Interim Results

HONG KONG, Aug. 25, 2025 /PRNewswire/ — Peijia Medical (9996.HK), a leading Chinese domestic player in the high-growth transcatheter valve therapeutics and neurovascular interventions markets, announced financial results for the six months ended June 30, 2025 (“the Reporting Period”) on August 22, 2025.

The Group reported sustained revenue growth and significantly improved expense ratios, driving a structural enhancement in profitability. Revenue reached RMB353.4 million, up 17.3% period-to-period. Revenue composition remained stable, with TAVR-related products and neurointerventional products accounting for 45.7% and 54.3%, respectively.

Revenue from TAVR-related products increased 24.0% to RMB161.6 million, fueled by market share gains in China’s transfemoral TAVR market and a favorable product mix shift toward newer premium products. Neurointerventional product revenue grew 12.2% to RMB191.8 million, supported by deeper penetration of key products and the successful launch of the YonFlow® Flow Diverting Stent.

Leveraging economies of scale and lean management, the Group substantially improved operational performance. The Neurointerventional Business segment profit increased 42.4% to RMB40.9 million, while the segment loss of the Transcatheter Valve Therapeutic Business narrowed 35.3% to RMB76.1 million. Excluding the total loss of the corresponding entities of the Future Technology Business, the net loss of the Group’s core business[1] narrowed 52.4% period-to-period to RMB30.7 million.

Transcatheter Valve Therapeutic Business Achieved First-ever Commercial Profit

During the Reporting Period, the Group expanded hospital coverage for its TAVR products by over 70, reaching more than 720 medical institutions in China as of June 30, 2025. Total terminal implant volume exceeded 2,050 units, an increase of 18.8% period-to-period, again outpacing market growth.

With the commercial launch of its upgraded TAVR products, the Group now offers a comprehensive portfolio including TaurusOne®, TaurusElite®, and TaurusMax™. This tiered product lineup provides complete sizing options and diversified pricing, maintaining stable average ex-factory prices and margins while expanding market accessibility. The premium TaurusMax™ received positive clinical feedback for its breakthrough 3D-steering technology.

Driven by enhanced sales force productivity, rationalized industry competition, and operational refinements, selling and distribution expenses for the segment decreased 8.3% to RMB100.0 million. The segment selling and distribution expense ratio decreased significantly by 21.8 percentage points to 61.9%. The segment achieved its first commercial profit of RMB29.1 million.

R&D expenses decreased 17.2% to RMB54.2 million, mainly due to the completion of three major pivotal trials, partially offset by accelerated progress in the HighLife® TSMVR system pivotal trial in China. Administrative expenses increased slightly by 2.8% to RMB51.0 million, mainly due to higher depreciation from the new headquarters, partly mitigated by Group-wide cost-saving initiatives.

As a result, the segment loss narrowed 35.3% to RMB76.1 million, demonstrating steady progress toward breakeven.

Three Core Pipeline Products Near Registration; Multiple Innovative Technologies Advanced

The Group successfully completed one-year follow-ups for three key pipeline products: the transfemoral AR TAVR system TaurusTrio™, the durability-enhanced AS TAVR system TaurusNXT®, and the mitral TEER system GeminiOne®. All demonstrated excellent safety and efficacy in clinical data presented at major conferences. The NMPA accepted the registration application for TaurusTrio™ in April 2025. Registration applications for TaurusNXT® and GeminiOne® will be submitted in the coming months, with approvals expected from late 2025 to mid-2026.

Other clinical-stage products also progressed significantly:

  • HighLife® TSMVR System (Licensed-in): Patient enrollment accelerated; expected to complete in 2026.
  • MonarQ TTVR® System (Global IP): Global Clinical Study initiated; first implant completed at Cedars-Sinai Hospital (Los Angeles, U.S.).
  • ReachTactile™ Robotic-Assisted TAVR System (Internally-developed): Completed FIM study (5 patients); registration trial to begin shortly.
  • Lithotripsy Valvuloplasty System (Internally-developed): FIM experience in MAC presented at New York Valves 2025, showing promising early results.

Neurointerventional Business Sustained Growth and Expanded Profit Scale

The segment continued its strong performance post full-year profitability in 2024. DCwire® Micro Guidewire saw sales surge nearly 140% period-to-period. Its 510(k) application was submitted to and accepted by the U.S. FDA in July 2025, with approval expected by year-end. YonFlow® Flow Diverting Stent received NMPA approval in April 2025 and achieved its first commercial implant in June. It has been listed in over 20 provinces and won bids in several provincial volume-based procurement (“VBP”) programs.

The Group’s SacSpeed® Balloon Dilatation Catheter and Fastunnel® Delivery Balloon Dilatation Catheter successful won bids in the Hebei-led VBP. Their competitive bid positioning resulted in substantially increased contracted volume shares compared to historical actual levels — particularly for Fastunnel® with a near fourfold growth. Although balloon dilatation catheter revenue was impacted temporarily due to pricing adjustments and delayed volume realization, the Group expects the situation to improve in the second half of 2025 upon full VBP execution. The coil product line renewed its bid in Jiangsu Province and is preparing for renewals in other regions.

Operationally, lean production and supply chain consolidation helped partially offset VBP-related pressures. The segment gross margin was 61.8%, down slightly by 1.9 percentage points from full-year 2024. All major expense ratios experienced period-to-period reductions. Selling and distribution expense ratio, administrative expense ratio and research and development expense ratio, decreased by 1.3, 1.7, and 5.3 percentage points, respectively. Segment profit increased 42.4% to RMB40.9 million.

Dr. Yi Zhang, Chairman and CEO of Peijia, commented, “The first half of 2025 was marked by simultaneous achievement of revenue growth, operational efficiency, and cost reduction. Lean management and operational optimization significantly improved expense ratios across both business segments. Most notably, our Transcatheter Valve Therapeutic Business achieved commercial profit for the first time, representing a major milestone in our path to structural profitability. Our Neurointerventional Business continued to deliver profit expansion amid mature growth.

At the same time, our innovation engine continues to lead the industry. With three core products in the final registration stage and multiple breakthrough technologies advancing globally, we are well-positioned for sustained future growth. Peijia remains committed to innovation, operational excellence, and delivering high-quality therapeutic solutions for patients worldwide, creating sustainable value for shareholders.”

Note:
[1] The Group’s core businesses refer to the Transcatheter Valve Therapeutic Business and the Neurointerventional Business, excluding the Future Technology Business. The Future Technology Business, established in 2024 and spun off from the Transcatheter Valve Therapeutic Business, focuses on developing globally leading therapies for valvular heart diseases. It currently includes three pipeline products: the Lithotripsy Valvuloplasty System, MonarQ TTVR® System, and ReachTactile™ Robotic-Assisted TAVR System. Each project is operated by dedicated teams and advanced through specialized subsidiaries with operational and financing autonomy.

About the Company

Peijia Medical (9996.HK) was established in 2012 and is headquartered in Suzhou, China. Peijia Medical focuses on the high-growth interventional procedural medical device market in China and aims to become a world-renowned medical device platform that provides comprehensive treatment solutions for structural heart and neurovascular diseases. The Company now has three TAVR systems and near twenty neurointerventional devices commercialized in China and various innovative product candidates at different stage of development. For more information about Peijia visit peijiamedical.com/about.

 

B Strategy to Launch $1 Billion U.S.-Listed BNB Treasury Company with YZi Labs’ Support

The Company Aims to Become the ‘Berkshire Hathaway’ of the BNB Ecosystem.

HONG KONG, Aug. 25, 2025 /PRNewswire/ — B Strategy, a leading investment firm focused on digital assets, today announced a landmark initiative to launch a U.S.-listed BNB treasury company. With strategic support from YZi Labs (formerly Binance Labs), the treasury firm aims to raise $1 billion, with further growth potential.

Led by the co-founders of Metalpha and the former CFO of Bitmain, the initiative intends to operate through a U.S.-listed vehicle not only to hold BNB as a treasury but also to become the ‘Berkshire Hathaway’ of the BNB ecosystem. The company will dedicate capital and resources to actively foster ecosystem growth by investing in core technology development, providing grants for innovative projects, and supporting community initiatives.

While U.S.-listed, the company will leverage B Strategy’s extensive Asia-Pacific footprint—spanning Hong Kong, ASEAN, the Middle East, and other key markets—to access deep pools of liquidity, market intelligence, and distribution, enabling follow-the-sun execution and coverage for global investors. The initiative has already attracted strong regional backing, with several prominent Asia-based family offices serving as anchor investors in the initial funding.

B Strategy is led by an accomplished management team, including Leon Lu, Founder of B Strategy and co-founder of Metalpha Technology Holding Limited (Nasdaq: MATH) (“Metalpha”), where he stewarded a Bitmain-seeded crypto stocks fund that achieved a 276% return in approximately 24 months. Prior to his work in digital assets, Mr. Lu founded his own investment firms focusing on both public and private markets, and has experience at Morgan Stanley Securities (China) and Bernstein.

The team also includes Max Hua, Co-Founder of B Strategy and former CFO and rotating CEO of Bitmain, where he oversaw global finance and investment activities. Previously, he was a partner at Shearman & Sterling LLP, with 15 years of experience in capital markets and IPO advisory. Ni Ming, Partner at B Strategy, co-founded Metalpha and served as its COO, leading its U.S. listing company acquisition and global expansion. He also held senior roles at 36Kr (NASDAQ: KRKR) and Huarong International Financial Holdings, managing over HKD 10 billion in investments. Henry Wu, Partner at B Strategy, co-founded Ledger Capital and was formerly the China Head of Sir Terry Matthews’ family office.

“BNB is emerging as the cornerstone utility for the next generation of capital markets and financial systems, powering Web3 with unmatched trading volume, robust stablecoin integration, and growing real-world asset adoption. Its high on-chain usage and strong incentives for builders and users are driving mass adoption,” said Ella Zhang, Head of YZi Labs. “We’re seeing increasing recognition from investors and institutions integrating BNB into long-term strategies. B Strategy, led by crypto + tradfi OGs with a deep-rooted belief in Bitcoin and BNB, is uniquely positioned to amplify this momentum. YZi Labs is confident in supporting their mission to grow the BNB ecosystem together.”

“As a veteran in both crypto and traditional finance, we’ve seen how disciplined, transparent treasury vehicles unlock high-quality digital-asset exposure. By leveraging a publicly listed company, we will use our assets and resources to support an ecosystem that is already #1 in daily transaction value (12.5 million transactions/day) and #2 in dapps/projects. The listed company will hold and actively manage BNB as a core strategic asset with YZi Labs’ support, pursuing a ‘maximize BNB-per-share’ strategy,” said Leon Lu. “By combining our crypto-native expertise, APAC distribution, and U.S. public-market discipline, we believe now is the right time to establish a well-capitalized, institutionally managed, pure-play listed vehicle offering institutional investors access to the BNB ecosystem, connecting global investors with the innovation occurring on the BNB Chain.” he added.

“Drawing on my years working with the most prominent Bitcoin miners globally, I’ve seen the true scale of demands for industrial-grade governance, transparent reporting, and bank-level controls,” said Max Hua. “We’re bringing that operator’s discipline to the company: independently verified holdings, best-in-class custody, rigorous risk limits, and seamless cross-border processes so investors—from New York to Hong Kong—can access BNB with confidence and efficiency.”

A vast and dedicated BNB community has already formed, representing a powerful global network of users, developers, and enthusiasts. The company will emphasize transparency and verification of holdings, strong engagement with the BNB ecosystem and community, and expects to announce the closing of its related financing in the coming weeks.

About YZi Labs

YZi Labs manages over $10 billion in assets globally. Our investment philosophy emphasizes impact first—we believe that meaningful returns will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech.

YZi Labs’ portfolio covers over 300 projects from over 25 countries across six continents. More than 65 of YZi Labs’ portfolio companies have gone through our incubation programs. For more information, follow YZi Labs on X.

About B Strategy

B Strategy is a digital asset investment management firm that serves as a bridge between traditional and cryptocurrency investments. The firm specializes in innovative, risk-managed strategies within the blockchain and crypto sectors. Its mission is to connect institutional capital with high-quality opportunities through disciplined research, robust risk management, and institutional-grade execution. The team is led by executives with extensive experience in both crypto and traditional finance. For more information, follow B Strategy on X.

Press contact

YZi Labs: Yuna Yu, yuna.y@yzilabs.com 
B Strategy: Ginny Cao, ginny.cao@bstrategy.tech

Origin Agritech Commences Full-Scale Seed Processing Operations at Xinjiang Production Base

Leveraging Advanced Automation to Support the National Agricultural Supply Chain

BEIJING, Aug. 25, 2025 /PRNewswire/ — Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), a leading Chinese agricultural technology company, today announced that its Xinjiang production and processing facility (the “Facility”) has commenced full-scale seed processing operations for the 2025 season on August 21, 2025. The Facility’s activation marks a critical milestone in Origin’s integrated seed production and distribution strategy, positioning the Company to meet growing demand for high-quality corn seeds across China’s agricultural markets.

Origin’s Xinjiang facility is strategically located in one of China’s most important corn seed production regions, benefiting from Xinjiang’s unique solar thermal resources and climatic conditions for seed development. The region’s natural advantages provide an ideal environment for producing premium-quality seeds that meet Origin’s stringent quality standards.

“Seeds are the semiconductor chips of agriculture, and the processing stage is absolutely critical,” said Weibin Yan, Chief Executive Officer of Origin Agritech. “Through our advanced seed processing equipment and strict quality management systems, we ensure that every seed meets optimal standards, providing farmers with the foundation for successful harvests.”

The Xinjiang production base operates a fully automated processing production line that integrates cleaning, drying, threshing, precision sorting, coating, and packaging operations. This comprehensive automation significantly improves processing efficiency while maintaining the highest seed quality standards throughout the production chain.

The Facility’s seed coating technology provides critical protection during early crop growth stages, effectively preventing diseases and pest damage while promoting uniform emergence and robust seedling development. These protective measures establish the foundation for high-yield, stable production outcomes for Origin’s farmer customers.

Real-time monitoring systems oversee the drying operations, ensuring optimal moisture content and seed viability. The integrated approach to quality control demonstrates Origin’s commitment to delivering consistent, high-performance products to its distribution network.

With the commencement of full-scale processing operations, Origin is accelerating its logistics and distribution capabilities to ensure the timely delivery of premium seeds to farmers nationwide. The Company’s commitment to meeting critical agricultural timing requirements supports China’s food security objectives and agricultural modernization initiatives.

About Origin Agritech Limited

Origin Agritech Limited, founded in 1997 and headquartered in Origin R&D Center, Songzhuang, Tongzhou in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech’s phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China’s Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline, including products with glyphosate tolerance and pest resistance (Bt) traits. For further information, please visit the Company’s website at www.originagritech.com. The Company also maintains an X account for updating investors on Company and industry developments which is https://x.com/origin_agritech.

Forward-Looking Statements

This communication contains “forward-looking statements” as defined in the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements address expected future business and financial performance and financial condition and contain words like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “will,” “would,” “target,” and similar expressions and variations. Forward-looking statements address matters that are uncertain. Forward-looking statements are not guarantees of future performance and are based on assumptions and expectations that may not be realized. They are based on management’s current expectations, assumptions, estimates, and projections about the Company and the industry in which the Company operates but involve a number of risks and uncertainties, many of which are beyond the Company’s control. Some of the important factors that could cause the Company’s actual results to differ materially from those discussed in forward-looking statements are: failure to develop and market new products and optimally manage product life cycles; ability to respond to market acceptance, rules, regulations and policies affecting our products; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; natural disasters and weather events and patterns; ability to protect and enforce the Company’s intellectual property rights; and separation of underperforming or non-strategic assets or businesses. The Company undertakes no duty or obligation to publicly revise or update any forward-looking statements as a result of future developments, new information, or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. Actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein. You are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com