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Gansu advances industrial upgrade to bolster growth

BEIJING, March 9, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

Northwest China’s Gansu province is transforming its industrial base by pushing forward an industry-driven development strategy to modernize its economic structure and achieve high-quality growth.

“As a traditional industrial base, transformation through innovation is imperative,” said Ren Zhenhe, governor of Gansu and a deputy to the 14th National People’s Congress.

“We are focusing on strengthening leading enterprises, reinforcing industrial chains and fostering competitive industrial clusters,” he said. “At the same time, we are developing strategic emerging industries to modernize our industrial system and reshape the foundations of development.”

During the 14th Five-Year Plan (2021–25) period, Gansu’s economy maintained steady momentum with the GDP reaching 1.37 trillion yuan ($197.9 billion) last year. The province’s growth rate has consistently outpaced the national average since 2022.

Ren said the province is determined to build on its manufacturing strengths while accelerating structural transformation. Since 2021, Gansu has launched around 300 upgrade projects each year, promoting intelligent and green development across traditional sectors.

Green transformation is now an intrinsic part of the local industrial upgrade. By the end of 2025, energy consumption per unit of industrial added value had decreased by 13.5 percent, while water use per output unit was also declining.

Digitalization is reinforcing this green shift. More enterprises are connecting equipment and production lines through industrial internet platforms, while the spread of 5G and smart manufacturing is helping factories increase efficiency and cut emissions. Rather than replacing traditional sectors, Gansu is using technology to lift them up the value chain.

Resource industries, long a pillar of the local economy, are also being restructured.

Gansu strengths’

Leveraging its abundant energy and mineral resources, the province is stepping up exploration, production and value-added processing to turn “Gansu resources” into “Gansu strengths”, Ren said.

The province has been advancing a new round of mineral exploration initiatives, accelerating the development of gold resources and upgrading metal industries, including silver and copper. Output of key metals and energy products has risen steadily in recent years, consolidating the province’s role as an important national resource base.

All these efforts have laid the groundwork for strong and coordinated industrial clusters. Gansu has established two national-level advanced manufacturing clusters and nurtured 14 provincial-level ones. Its nickel-copper-cobalt new materials cluster has been recognized as a national characteristic industrial cluster for small and medium-sized enterprises.

By 2025, advanced manufacturing clusters had generated more than 900 billion yuan in industrial output, contributing 88 percent of the province’s overall industrial growth.

Innovation prioritized

Innovation, meanwhile, is emerging as a central driver. Research into core technologies in major industrial and supply chains has been enhanced in State-owned enterprises in the province.

“We focus on breakthroughs in critical technologies and deepen the integration of technological and industrial innovation,” Ren said. “By increasing investment in key ‘bottleneck’ technologies, we have developed new technologies and products of internationally advanced levels, demonstrating Gansu’s unique role in strengthening the nation’s strategic, scientific and technological capacity.”

Digital infrastructure is emerging as another pillar of modernization in the province.

Under the national “East Data, West Computing” initiative, the Qingyang data center cluster has attracted more than 370 enterprises connected to the digital economy. Total computing capacity is expected to exceed 150,000 petaflops in 2026, facilitating artificial intelligence and other data-intensive industries.

Looking ahead, Ren said Gansu will continue integrating the digital and real economies while advancing strategic emerging sectors like hydrogen energy, new energy storage, the low-altitude economy, and commercial aerospace. The province is prioritizing improving business environment for market-oriented, law-based, and internationally competitive conditions.

“Our goal is to achieve more resilient, higher-quality development and contribute to the country’s modernization drive,” he said.

Ghost Festival 2026 in Xayabouly Set to Draw Crowds, 14 to 18 March

Phee Khon Festival 2019, Xayabouly, Laos. (Photo credit: Thongsavath Sayalath)

The annual Ghost Festival 2026 in Paklay district, Xayabouli Province, is set to be held from 14 to 18 March.

The festival, commonly known as Boun Phavet (Phee Khon), is closely tied to the Boun Phavet Festival, an important Theravada Buddhist celebration commemorating the story of Prince Vessantara (Phavet), the penultimate life of the Buddha before enlightenment. The name carries meaning: “Phee” means “ghost” and “Khon” means “human.”

According to legend, when Phavet came to town accompanied by ghost soldiers, they delivered a message,  “Phee Tarm Khon,” meaning the spirits followed humans to bring the festival. Over time, this was shortened to “Phee Khon.”

The festival is famous for its distinctive masks, tall but slim, made of bamboo, painted white with lime coating, with prominent facial features, black costumes, and arms about one meter long. 

To preserve the tradition, local authorities require all masks to follow the traditional Paklay style and be registered ahead of the festival. Non-compliance will result in a warning, with fines of up to LAK 1 million (approximately USD 47) for those who do not comply.

The event follows a precise schedule. 

On 16 March, the Phee Khon roamed freely from 5:00 AM to 6:00 PM. On 17 March, the opening day of Bun Phavet,  they begin again at 5:00 AM, before gathering at 1:00 PM to parade Phavet into town, concluding at Ban Saeng Lai Temple. At 4:00 PM, following the ceremony, all Phi Khon masks must be thrown into the Mekong River.

This ritual carries deep cultural significance. 

The act of discarding the masks into the river symbolizes sending the spirits back to the natural world, so they do not remain among people. Water, and the Mekong River in particular, is also considered sacred in Lao tradition, and the act represents a cleansing of bad luck and negative spirits from the community.

Beyond the ceremonies, the five-day event offers local markets, boat rides along the Mekong, beauty pageants, boat races, live music, singing contests, and fireworks displays.

Why Leverage Matters Today More Than Ever: JustMarkets Analysts Explain

HO CHI MINH CITY, Vietnam, March 10, 2026 /PRNewswire/ — Market conditions in 2025 are shifting in a way that benefits well-informed traders. Volatility remains elevated, but not chaotic. Liquidity across major asset classes is still strong, and central banks are signaling more predictable rate paths than they did in prior years.

Traders should leverage wisely and responsibly
Traders should leverage wisely and responsibly

These elements create an environment where responsible use of leverage can help traders make the most of market movements, without stepping outside their risk comfort zone. Analysts from JustMarkets often point out that leverage is not about amplifying risk blindly. It’s about using market opportunities efficiently, provided you understand the mechanics behind it.

Today’s Market Landscape and Why It Favors Skilled Leverage Use

Currencies remain heavily influenced by the interplay between slowing inflation and cautious monetary policy. The U.S. dollar has lost some of its extreme strength from previous years, while the euro and several emerging-market currencies have shown periods of recovery. These shifts, often moderate but frequent, create ideal setups for traders who use leverage to capitalize on smaller intraday price swings.

Stock markets have also entered a more nuanced phase. Major indices have not repeated the sharp rallies of earlier years, but several sectors, particularly technology and energy, continue to produce consistent movement. This mixture of steady growth and periodic corrections is well-suited for traders who rely on leverage to enhance position efficiency without committing excessive capital upfront.

Commodities, especially oil, gold, and agricultural products, are experiencing cycles driven by supply disruptions and shifting global demand. These cycles create price waves that are large enough to trade but stable enough to analyze. According to market commentary often referenced by JustMarkets analysts, this is the type of environment in which responsible leverage can allow traders to act on well-researched short- and medium-term trends.

Indices, too, have shown more rhythm than randomness in recent months. They still respond to earnings seasons, economic reports, and geopolitical fluctuations, but the pricing patterns have been less erratic than during the early 2020s. For disciplined traders, that consistency is an advantage.

Understanding Leverage Conditions and Their Purpose

Most platforms, including JustMarkets, offer a range of leverage options that vary by asset class. While ratios differ depending on regulation and instrument type, the idea remains the same: allow traders with smaller budgets to access larger positions and participate in markets that might otherwise be out of reach.

These conditions are not designed to encourage excessive risk-taking. In fact, modern trading platforms are more focused than ever on protective tools (margin monitoring, automatic stop-outs, and educational materials) to support responsible use. What matters is not how high the leverage can go, but how thoughtfully a trader applies it.

A More Professional Approach to Trading

Leveraged trading today is fundamentally different from a decade ago. Technology is faster, spreads are tighter, and analytical tools are more accessible. Platforms like JustMarkets emphasize structured education, reminding traders that leverage is most effective when paired with strategy, risk management, and discipline.

In an era where markets move in clear patterns but still reward agility, leverage, used professionally, can be a practical instrument rather than a dangerous one. For traders who commit to learning and discipline, the current environment offers opportunities that are both realistic and rewarding.

Direct Selling Takes Center Stage at 18th World Federation of Direct Selling Associations World Congress in Incheon, Korea

  • KDSA Annual Meeting Highlights Impact of Korea on $164 billion global direct selling industry
  • Industry’s only global event will convene world leaders, top companies and media to shape the future of direct selling

SEOUL, South Korea, March 10, 2026 /PRNewswire/ — The 18th WFDSA World Congress, the premier and only global summit for the direct selling industry, will take place October 19 to 21, 2026, at the Inspire Entertainment Resort in Incheon, South Korea — the first time the World Congress is being held in Northeast Asia, underscoring Korea’s prominence and leadership in the industry.

2026 Annual General Meeting of the Korea Direct Selling Association was held at the Hotel Riviera in Seoul. At the meeting, discussions focused on Korea’s direct selling market.
2026 Annual General Meeting of the Korea Direct Selling Association was held at the Hotel Riviera in Seoul. At the meeting, discussions focused on Korea’s direct selling market.

Organized by the World Federation of Direct Selling Associations (WFDSA), the global representative for the direct selling industry in over 55 markets around the world, the triennial Congress brings together CEOs of leading direct selling companies, national Direct Selling Associations (DSAs), senior policymakers, academics, and stakeholder organizations from around the world to shape the future direction of the industry and discuss emerging global trends including AI, workforce development skills, and regulatory frameworks. Since its inaugural event in Montreal, Canada, in 1972, the Congress has been hosted in major global cities including Berlin, Sydney, London, Paris, and Dubai.

Ahead of the Congress, key stakeholders gathered on February 11 at the Hotel Riviera in Seoul during the 2026 Annual General Meeting of the Korea Direct Selling Association (KDSA), where discussions focused on Korea’s direct selling market. Keynote speakers included Shaila Manyam, Chief Operating Officer and Executive Director of the WFDSA; Han-Gill Park, Chairman of the KDSA; and Ji-Sang Yoo, President of the Incheon Tourism Organization, along with other domestic and international representatives from leading companies and partners.

“South Korea is one of the top markets in the global direct selling industry and a country where human-centered business values remain strong,” said Ms. Manyam. “In an era where AI is rapidly expanding, our industry continues to put people at the center of success, enabled and empowered by technology and focused on workforce development, high ethical standards, economic growth and sustainable practices.”

South Korea’s direct selling retail market generated approximately USD 15 billion (KRW 21.78 trillion) in 2024 — the fourth largest in the world after the United States, Germany, and China, according to the WFDSA annual STATS report. The industry in South Korea began with door-to-door sales in the 1960s and has been growing steadily ever since. Korean companies such as Atomy, as well as global players like Amway Korea, and Nu Skin, are expanding their influence and economic impact, empowering over eight million independent entrepreneurs within Korea alone.

The WFDSA World Congress 2026 will focus on the strategic global issues affecting the industry as well as the growing influence of Korea in direct selling, culture and innovation. From K-beauty to K-food, interactive experience zones will offer participants opportunities to engage directly with Korean culture and products. Programs linked to major attractions in Incheon, including areas surrounding Inspire Resort and the historic Open Port Area, are also scheduled in collaboration with the Incheon Tourism Organization.

More information and the latest data are available on WFDSA’s website: http://www.wfdsa.org

About KDSA

The Korea Direct Selling Industry Association (KDSA) was founded in 1988 to promote the sound development of direct selling transactions, enhance consumer benefits, and contribute to the growth of the national economy. The association joined the WFDSA in 1990 and currently holds the “Platinum” status, the highest tier among direct selling associations. Learn more about KDSA at www.kdsa.or.kr.

About WFDSA

The World Federation of Direct Selling Associations (WFDSA) is the global trade association for the direct selling industry, upholding the highest standards of ethical conduct, advocating for the interests of the industry and convening over 55 national DSAs and prominent companies around the world. Founded in 1978 and headquartered in Washington, D.C., WFDSA serves as the world’s leading expert and trusted source of information and insights for and about direct selling. Learn more about WFDSA at www.wfdsa.org.

Designed for Real-World Applications: XCMG Debuts Excavator Lineup for North America at CONEXPO 2026

LAS VEGAS, March 10, 2026 /PRNewswire/ — XCMG Excavator presented ten excavator models at CONEXPO 2026, one of the world’s largest construction equipment trade shows that opened on March 3, highlighting machines and construction solutions developed specifically for the North American market.

XCMG Excavator at CONEXPO-CON/AGG 2026
XCMG Excavator at CONEXPO-CON/AGG 2026

Full-Line Excavator Display Highlights Jobsite Versatility

Throughout the opening day, XCMG’s excavator display attracted steady interest from contractors, dealers, and equipment specialists evaluating machines for a range of jobsite applications. Among them was a Texas-based contractor assessing equipment for landscaping, agricultural work, and light municipal projects, who noted the maneuverability of the compact and mini excavators in confined spaces and their compatibility with a variety of attachments.

During an on-site demonstration, the machine transitioned quickly from a standard bucket to a cleaning bucket and then to a mulching attachment, illustrating the machine’s versatility for multi-purpose field operations. After observing the demonstration, the contractor commented, “This is what I’m looking for.”

By emphasizing multi-function capability and job-specific adaptability, XCMG’s excavator lineup is engineered to help contractors improve productivity while reducing total cost of ownership across a wide range of construction and land-management applications.

Pro Series Excavators Debut for North American Market

A key highlight of XCMG’s exhibition was the introduction of two new Pro Series excavators: the XE27U PRO and the XE45U PRO. The XE27U PRO features an upgraded powertrain and faster travel speeds, providing precise control and improved operator comfort while maintaining maneuverability on confined job sites. The XE45U PRO delivers strong breakout force and rapid hydraulic response, supported by a reinforced and widened undercarriage designed to improve stability, attachment compatibility, and backfilling efficiency.

Both models secured orders from established North American dealers on the first day of the show, reflecting strong demand for equipment suited to local operating conditions. One customer remarked, “We weren’t just waiting for a machine; we were waiting for a partner who understands the North American market.”

ICS2.0 Intelligent Control System: Innovation Never Stops

XCMG is developing its next-generation ICS2.0 intelligent control system, which incorporates upgraded AI-driven control algorithms to support precision functions including automated trenching, grading assistance, and controlled breaking operations. The system also includes multiple operational modes designed to simplify workflows and support consistent jobsite performance.

Among the machines presented, the XE355UCR excavator features eight intelligent auxiliary functions, including open-ditch grading assist, intelligent weighing, electronic geofencing, and tip-over warning, helping operators improve measurement accuracy, operational efficiency, and jobsite safety. These technologies address practical operational challenges faced by contractors working in complex field environments.

Through continued product development and closer alignment with regional market needs, XCMG Excavator is expanding its presence in the North American construction equipment sector. As contractors increasingly adopt advanced and intelligent equipment solutions, the company continues to collaborate with dealers and partners worldwide to support long-term customer success.

Nanchang Optoelectronic Industry Cluster Shines at ISLE 2026 with Full-Chain Innovation and Global Ambitions

SHENZHEN, China, March 10, 2026 /PRNewswire/ — ISLE 2026, Asia’s largest exhibition for smart display and integrated systems, held in Shenzhen World Exhibition & Convention Centre (Shenzhen World) from March 5-7, demonstrated more than thousands of new products and solutions for diverse application scenarios in display and AV integration.

Nanchang Optoelectronic Industry Cluster Shines at ISLE 2026
Nanchang Optoelectronic Industry Cluster Shines at ISLE 2026

In this year’s ISLE, the Nanchang Optoelectronic Industry Cluster made a collective appearance under the theme “Shining Nanchang, Smartly Connecting the World”. The city’s five major industrial zones including Nanchang High-tech Zone, jointly showcased their strengths. Twenty-nine leading optoelectronic enterprises, including Unilumin, NationStar Optoelectronics, and Nanchang Tonson Automotive Electronics, exhibited together, highlighting a complete industrial ecosystem from materials and components to end applications in fields such as LED chips, Mini/Micro LED display modules, and VR/AR intelligent terminals, demonstrating core technologies and large-scale manufacturing capabilities.

Mr. An Baojun, Vice Mayor of Nanchang, led a delegation to visit the cluster’s exhibition area at ISLE 2026, engaging in on-site exchanges with participating companies, and promoting Nanchang’s industrial advantages and cooperation opportunities to global investors and buyers. Hundreds of buyers attended the promotion event.

Currently, Nanchang hosts top-tier research institutions such as China’s National Silicon-based LED Technology Engineering Research Center of Nanchang University, and China’s National Virtual Reality Innovation Center.

With strong upstream and downstream industrial clustering, Nanchang can offer global clients integrated industrial solutions across semiconductor materials, LED lighting, large-screen displays, VR/AR, and automotive electronics.

By leveraging the international platform of ISLE 2026, the collective presence and investment promotion activities of the Nanchang Optoelectronic Cluster have laid a solid foundation for connecting with high-quality global resources, as well as deepening international industrial collaboration. This further accelerates Nanchang’s integration into the global optoelectronic industry chain, and advancing its goal of becoming a globally influential optoelectronic industry hub.

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Nanchang Optoelectronic Industry Cluster Shines at ISLE 2026
Nanchang Optoelectronic Industry Cluster Shines at ISLE 2026

K-pop Singer and Actress Kim Sejeong Named Global Brand Ambassador for ‘REJURAN’ and ‘REJURAN COSMETICS’

GANGNEUNG, South Korea, March 10, 2026 /PRNewswire/ — PharmaResearch Co., Ltd. (CEO Jihoon Sohn) announced that singer and actress Kim Sejeong has been named the new global brand ambassador for its flagship brands REJURAN® and REJURAN® COSMETICS.

PharmaResearch explained that REJURAN’s brand philosophy centered on supporting the skin’s inherent recovery potential aligns closely with Kim Sejeong’s distinctively healthy, bright energy. Since debuting as a member of the K-pop group I.O.I, she has built strong popularity with audiences while expanding her career across K-dramas, variety shows and musical theater.

Starting in March, PharmaResearch plans to launch a global advertising campaign featuring Kim Sejeong across multiple channels, including TV, outdoor media and digital platforms, both in Korea and internationally. The company expects the campaign to further expand engagement with younger consumers in their 20s and 30s as well as global audiences.

REJURAN has continued to show steady growth as a leading brand in Korea’s skin booster market. Backed by strong trust from both medical professionals and consumers for its efficacy and safety, the brand has expanded its presence to more than 50 countries worldwide, including markets across Asia, Europe and the Middle East. REJURAN COSMETICS has also strengthened its presence in the premium derma-cosmetics market, driven by the growing global popularity of K-beauty.

About REJURAN®

REJURAN® is a skin booster injectable developed with PharmaResearch’s proprietary patented ingredient DOT® PN (Polynucleotide). The treatment is designed to deliver active ingredients into the dermal layer of the skin, helping support the skin’s natural regenerative ability and strengthen the skin barrier. REJURAN has established itself as a leading skin booster brand in Korea and is currently available in more than 50 countries worldwide.

About REJURAN COSMETICS

REJURAN® COSMETICS is a premium derma-skincare brand developed by PharmaResearch, a global leader in regenerative science. Inspired by clinical expertise, the brand brings advanced skincare innovation into everyday routines. As Korea’s original PDRN-based skincare brand, REJURAN® COSMETICS is powered by patented c-PDRN® derived from sustainably sourced salmon DNA and PharmaResearch’s proprietary DNA Optimizing Technology (DOT®). The formulations are designed to help improve skin texture, hydration and radiance while supporting healthier, more resilient-looking skin.

About PharmaResearch

PharmaResearch is a pioneering biopharmaceutical company dedicated to enhancing the quality of life for humanity through regenerative medicine. Its diverse portfolio includes medicines, medical devices, cosmetics, and supplements, all leveraging the core ingredients – DOT™ PDRN and DOT™ PN – which are protected by multiple patents. PharmaResearch is headquartered in Gangneung-si, Gangwon-do, South Korea, and its U.S. subsidiary located in Costa Mesa, California, United States.  For more information about PharmaResearch, please visit https://pharmaresearch.com/en/

LEIFRAS Co., Ltd. Announces Alliance with Blaublitz Akita to Launch “Blaublitz Akita × Liberta Soccer School”

Marking the Company’s First Entry into Akita Prefecture and Its Expansion to 46 Prefectures Nationwide

TOKYO, March 10, 2026 /PRNewswire/ — LEIFRAS Co., Ltd. (Nasdaq: LFS) (the “Company” or “Leifras”), a sports and social business company dedicated to youth sports and community engagement, today announced that on February 24, 2026, it entered into a school partner agreement (the “Agreement”) with the non-profit organization Blaublitz Akita Sports Network (“Blaublitz Akita”) to launch the “Blaublitz Akita × Liberta Soccer School” in Odate City, Akita Prefecture, beginning April 1, 2026. Pursuant to the Agreement, the Company will acquire and operate the business of the Blaublitz Akita Soccer School Odate Branch currently run by Blaublitz Akita. This alliance marks the realization of the Company’s strategic objective of entering Akita Prefecture and achieving nationwide expansion to 46 of Japan’s 47 prefectures, while also bringing together the strengths of both parties to provide children in Akita with a high-quality sports environment.

Background of the Partnership: Overcoming the Barrier of Distance, Bringing the Joy of Sports to All Children in Akita

This partnership was established based on a shared philosophy between Blaublitz Akita and Leifras to provide children with the best possible sports environment. The Blaublitz Akita Soccer School Odate Branch is located in Odate City, approximately two and a half hours by car from Blaublitz Akita’s home base in Akita City, creating a geographic challenge that makes it difficult for the professional club alone to sustain ongoing school operations and allocate sufficient resources. Leveraging its nationwide operational expertise, Leifras will take over the school’s management infrastructure to resolve this challenge. Through this partnership, the Company aims to strengthen and expand sports opportunities for children in the northern part of the prefecture, enabling them to learn and play soccer while maintaining a close connection with a professional club.

Blaublitz Akita × Liberta Soccer School: Combining the Strengths of Both

This soccer school represents a new concept that combines the “aspiration” of professional clubs with Leifras’ “educational methodology.” Children will wear Liberta uniforms featuring the Blaublitz Akita emblem on their chests.

  • A hybrid of “praise-based instruction” and “professional techniques”: Leifras’ greatest strength lies in its coaching methodology of “acknowledge, praise, encourage, and motivate,” which focuses on cultivating children’s non-cognitive skills. This approach is complemented by the professional expertise and training methods developed by Blaublitz Akita for aspiring professionals and those who love soccer.
  • Exclusive experiences through professional club partnerships: School members are expected to receive special opportunities that nurture children’s dreams and motivation for the sport, such as complimentary tickets to official J.League matches and technical instruction directly from professional players or specialized coaches offered several times a year.


Future Outlook: Accelerating Expansion Throughout Akita Prefecture

With its initial entry into Akita Prefecture, Leifras’ sports school business network now spans 46 of Japan’s 47 prefectures. Building on this partnership, the Company plans to accelerate its expansion within Akita Prefecture, progressively opening new schools in other municipalities across the prefecture. As a sports and social business company dedicated to addressing regional challenges through sports, Leifras remains committed to contributing to the healthy physical and mental development of children across Akita Prefecture and throughout Japan, as well as to the advancement of community sports.

Overview of the School and Collaborative Initiatives

Name: Blaublitz Akita × Liberta Soccer School (Odate School)

Start date: April 1, 2026

Target: Preschoolers to elementary school students (※Details regarding target age range are subject to school regulations)

Key details of the partnership:

  • Grant of brand usage rights, including name and uniforms, from Blaublitz Akita at the Company’s soccer school
  • Invitation to official Blaublitz Akita matches, technical guidance by players, and event cooperation
  • Full implementation of school operations and provision of know-how by Leifras

About LEIFRAS Co., Ltd.

Headquartered in Tokyo, Leifras is a sports and social business company dedicated to youth sports and community engagement. The Company primarily provides services related to the organization and operations of sports schools and sports events for children. As of December 31, 2024, Leifras was recognized as one of Japan’s largest operators of children’s sports schools in terms of both membership and facilities by Tokyo Shoko Research. The Company’s approach to sports education emphasizes the development of non-cognitive skills, following the teaching principle “acknowledge, praise, encourage, and motivate.” The holistic approach that integrates physical and mental development sets Leifras apart in the industry. Building upon deep experience and know-how in sports education, Leifras also operates a robust social business sector, dispatching sports coaches to meet various community needs with the aim to promote physical health, social inclusion, and community well-being across different demographics.

For more information, please visit the Company’s website: https://ir.leifras.co.jp/.

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 in this press release. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). 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 registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

LEIFRAS Co., Ltd.
Investor Relations Department
Email: IR@leifras.co.jp

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