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Photo Feature: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the “Ocean Economy”

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HAIKOU, CHINA – Media OutReach Newswire – 10 August 2026 – A delegation of journalists from nine major overseas media outlets, including the United States, France, Türkiye, Spain, and the Republic of Korea, recently visited China’s Hainan Province for an in-depth tour across multiple cities including Haikou, Wanning, Lingshui, and Sanya. The mission was to investigate the region’s marine cultural tourism, ecological conservation efforts, and innovative consumer models, and to witness firsthand the renewed dynamism of Hainan’s “ocean economy.”

Caption: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the "Ocean Economy"
Caption: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the “Ocean Economy”

As the first full year following the island-wide special customs operations of the Hainan Free Trade Port (FTP), 2026 has been designated the “Marine Tourism Year,” with a strategic focus on ocean-themed cultural travel. Leveraging policy dividends such as visa-free access for citizens of 86 countries, expanded traffic rights, and offshore duty-free shopping, Hainan has consistently enhanced its openness to the world, fueling a surge in cultural tourism demand. In the first half of this year alone, the island recorded over 1 million inbound visits, a year-on-year increase of 48.8%, underscoring the robust growth momentum of the FTP’s tourism sector.

In Wanning’s Riyue Bay, the international media group experienced firsthand the rapid expansion of Hainan’s coastal sports industry. Renowned as a world-class surfing destination, the bay receives more than 500,000 visits annually, drawing travelers from as far as Australia and Southeast Asia. A major highlight was the nation’s first Olympic-standard artificial surf pool, which employs advanced wave-making technology to simulate 23 different wave types, enabling year-round, all-weather surfing regardless of natural conditions. Mr. Guney Isik Ganimgil, a contributor to Turkey’s Aydınlık newspaper, remarked that Hainan’s cultural tourism development has far exceeded expectations and holds tremendous investment potential.

Eco-empowered tourism and the protection of blue bays are the defining hallmarks of Hainan’s development. The Hainan Ocean Paradise Resort adheres strictly to a policy against capturing wild marine life; its rescue center has successfully rehabilitated and released over 200 rare marine creatures, including sea turtles and hawksbills, back into the wild. Meanwhile, Wuzhizhou Island has pioneered an innovative model of eco-tourism, partnering with universities to develop a tropical marine ranch. Through the strategic deployment of artificial reefs and the transplantation of tens of thousands of coral colonies, the island now offers visitors the opportunity to participate in coral transplantation—a hands-on experience that fosters a virtuous cycle between ecological conservation and tourism engagement, earning high praise from the attending media.

Deepening the integration of culture and tourism has also revitalized Hainan’s traditional maritime heritage. The Danjia fishing rafts continue to enrich their authentic marine-ethnic cultural offerings, continuously diversifying their “product portfolio”. Tianya Town, built around a century-old fishing village, has evolved into a coastal leisure landmark, now home to nearly a hundred boutique homestays and specialty cafés. The Sanya International Duty-Free Shopping Complex, housing over 1,000 international brands, has introduced cutting-edge “duty-free + technology” consumption scenarios. And the Sanya Yacht Tourism Center, with a complete industrial chain, recorded over 220,000 yacht outings in 2025, cementing its status as a premier destination for high-end coastal tourism.

After four days of in-depth exploration, the media delegation witnessed a Hainan that is open, green, and vibrantly dynamic. Today’s Hainan FTP has transcended the traditional model of seaside tourism, with policy as its backbone, ecology as its canvas, and culture as its soul. By continually energizing the blue economy, Hainan is presenting a compelling new vision of high-quality development to the world.

Hashtag: #HainanFreeTradePort

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

V-Green and HKR partner to develop large-scale EV Charging Hub, expanding Indonesia’s green transport infrastructure

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JAKARTA, INDONESIA – Media OutReach Newswire – 10 August 2026 – V-Green Indonesia and PT HK Realtindo (HKR) have signed a strategic cooperation agreement to develop an integrated EV Charging Hub in Kemayoran, Central Jakarta. The partnership marks a significant milestone in the strategic collaboration between V-Green and Hutama Karya Group, HKR’s parent company, as the two parties work together to pioneer a flagship EV charging hub model and accelerate the development of a comprehensive green mobility ecosystem across Indonesia.

Representatives of V-Green Indonesia and PT HK Realtindo (HKR) at the signing ceremony of an agreement to develop the EV Charging Hub in Kemayoran, Jakarta.
Representatives of V-Green Indonesia and PT HK Realtindo (HKR) at the signing ceremony of an agreement to develop the EV Charging Hub in Kemayoran, Jakarta.

Under the agreement, V-Green Indonesia will lease an 8,747-square-meter site owned by PT HK Realtindo (HKR) to develop the EV Charging Hub in Kemayoran. The model is particularly well suited for large land parcels, enabling landowners to optimize underutilized real estate assets and generate sustainable long-term revenue while allowing V-Green to rapidly expand its charging infrastructure network at strategic locations.

The EV Charging Hub is a large-scale charging infrastructure model that integrates multiple services within a single location to simultaneously serve the needs of individual EV owners, commercial fleet operators, and ride-hailing drivers. Scheduled to commence operations in October this year, VinFast’s EV Charging Hub in Kemayoran will feature 36 EV chargers and 20 battery swapping stations for electric motorcycles, with the capacity to serve up to 56 electric cars and 220 electric motorcycles simultaneously.

In addition to fast-charging facilities for electric cars and battery swapping stations for electric motorcycles, the project will include dedicated parking areas for commercial fleets, rooftop solar panels to supplement on-site renewable energy generation, and a range of customer amenities such as rest areas, food and beverage outlets, and cafés.

The agreement with HKR represents the first major milestone following the Memorandum of Understanding signed between V-Green Indonesia and Hutama Karya Group in April 2026. Under the MoU, the two parties agreed to jointly explore the development of EV Charging Hubs on Hutama Karya’s strategic land assets, while also collaborating to develop EV charging infrastructure across 29 rest areas along the Trans-Sumatra Toll Road.

In the next phase, V-Green plans to deploy EV chargers across these 29 rest areas, creating a large-scale charging network along one of Indonesia’s key highway corridors and making long-distance EV travel more convenient for users.

Mr. Ekwan Hadyanto, President Director of PT HK Realtindo, said: “Our partnership with V-Green opens up new opportunities to maximize the value of HK Realtindo’s land assets while demonstrating our commitment to supporting the Indonesian Government’s efforts to accelerate sustainable transportation infrastructure. We expect the Kemayoran project to become the foundation for expanding our collaboration across many other strategic locations nationwide.”

Mr. Mai Truong Giang, CEO of V-Green Indonesia, said: “Signing this agreement with PT HK Realtindo marks an important milestone in realizing V-Green’s strategy to develop EV infrastructure throughout Indonesia. We believe the EV Charging Hub model will not only meet the country’s rapidly growing demand for EV charging but also create sustainable value for V-Green’s partners while contributing to Indonesia’s green transition.”

The Kemayoran project is expected to serve as a flagship integrated EV Charging Hub model in Indonesia, laying the foundation for V-Green to gradually replicate the concept across other strategic HK Group locations. Beyond enhancing the EV ownership experience, the model also creates new opportunities to unlock the value of strategically located land assets while establishing modern infrastructure hubs that support Indonesia’s transport electrification.

The partnership with Hutama Karya, one of Indonesia’s largest infrastructure groups, further reinforces V-Green’s strategy of collaborating with leading local partners to build a modern, integrated, and accessible EV charging network across the country.

Globally, V-Green is rapidly expanding its electric vehicle charging network, which now comprises more than 150,000 charging ports, alongside battery swapping stations for electric motorcycles. In Indonesia, the Company has introduced a range of attractive incentives for users, including free charging for all VinFast electric car owners and a complimentary battery swapping program for VinFast electric motorcycles for one year, with up to 20 battery swaps per vehicle per month. Through these initiatives, V-Green aims to accelerate the adoption of electric mobility while contributing to regional and global decarbonization efforts and sustainable development.

Hashtag: #V-GREEN

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

RETRANSMISSION: First Phosphate Announces Uplisting of American Depositary Receipt (ADR) to Nasdaq Global Market Under Ticker Symbol PHOS

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Saguenay, Quebec – Newsfile Corp. – 10 August 2026 – First Phosphate Corp. (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that its American Depositary Receipts (“ADRs“) will be uplisted to Nasdaq Global Market as a Level 2 ADR under ticker symbol “PHOS” (CUSIP: 33611D301; ISIN: US33611D3017) effective at the opening of trading on August 10, 2026.

The First Phosphate ADR ratio remains set to ten (10) First Phosphate common shares for each (1) First Phosphate ADR.

Effective August 10, 2026, First Phosphate level 1 ADRs will be delisted from the OTCQX market and will be automatically converted to First Phosphate level 2 ADRs readily tradeable on the Nasdaq Stock Exchange under ticker symbol “PHOS“.

The First Phosphate Level 2 ADR under Nasdaq ticker symbol “PHOS” remains complimentary to all other Company listings on all other stock exchanges and does not affect the Company’s currently listed common shares on the OTCQX under symbol “FRSPF“, on the CSE under symbol “PHOS” and on the FSE under symbol “KD0“.

Participants may continue to convert First Phosphate common shares into ADRs at no cost until December 31, 2026 through The Bank of New York Mellon (“BNY“) which is currently the depositary bank for the First Phosphate ADR program.

BNY facilitates the issuance and cancellation of First Phosphate ADRs in accordance with instructions received from market participants. The First Phosphate ADR program operates in accordance with a deposit agreement, filed with the United States Securities and Exchange Commission (“SEC“) and available through https://www.sec.gov/Archives/edgar/data/2108542/000101915526000028/0001019155-26-000028-index.htm. The First Phosphate common shares underlying the First Phosphate ADRs are held in custody by BNY. Investors can convert First Phosphate common shares into First Phosphate ADRs by instructing their broker or custodian to deliver the common shares through CDS to BNY’s safekeeping account at CIBC Mellon. For questions about issuances and cancellations of ADRs, please contact canadadrconversions@bny.com.

The First Phosphate Level 2 ADR program does not constitute a new offering of securities and, therefore, no additional shares are being issued nor is any capital being raised in connection with the uplist of the First Phosphate ADR to the Nasdaq Stock Exchange. Moreover, nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

ADRs are negotiable U.S. securities that represent a non-U.S. company’s equity. ADRs trade freely in global markets and facilitate cross-border trading. Additional information is available through BNY Depositary Receipts website: www.adrbny.com.

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

About First Phosphate Corp.

First Phosphate (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security. First Phosphate’s flagship Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.

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Forward-Looking Information and Cautionary Statements

This release includes certain statements that may be deemed “forward-looking information”. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things: the transition of ADR securities from OTC to Nasdaq and the listing of the ADRs on Nasdaq.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, development and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions that engineering and construction timetables and capital costs for the Company’s, exploration, development and expansion projects are correctly estimated and not affected by unforeseen circumstances; the ability to obtain financing for its proposed operations on acceptable terms; no material deterioration in general business and economic conditions; no material delays in obtaining permits and other approvals; no significant disruptions affecting the activities of the Company or its ability to access required project equipment and services, and operating supplies in sufficient quantities and on a timely basis; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the ability to complete the exploration and development programs consistent with the Company’s expectations; commodity price expectations including assumptions for P2O5; the Company’s relationship with local municipalities and First Nations remaining consistent with the Company’s expectations; the Company’s relationship with other third-party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.

Two CityUHK scholars elected to the European Academy of Engineering in recognition of their internationally acclaimed research achievements

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HONG KONG, Aug. 10, 2026 /PRNewswire/ — Professor Li Wen Jung, Vice-President (Talent and International Strategy) and Chair Professor in the Department of Mechanical Engineering at City University of Hong Kong (CityUHK), and Professor So Hing Cheung, from the Department of Electrical Engineering, have both been elected as Members of the European Academy of Engineering (EAE). They have been recognised for their outstanding contributions to artificial intelligence (AI)-enabled micro/nano-sensing technologies and statistical signal processing and intelligent algorithms, respectively.

Professor Li Wen Jung(right) and Professor So Hing Cheung
Professor Li Wen Jung(right) and Professor So Hing Cheung

Professor Li is recognised for his pioneering contributions to AI, micro/nano-systems, robotics and biomedical engineering, with outstanding research achievements. He has published extensively in leading international journals and holds approximately 30 patents. In addition, he has founded start-ups to commercialise intelligent sensing and micro/nano-system technologies. These innovations have been widely applied in robotics, aerospace, sports analytics, education, infrastructure monitoring and industrial Internet of Things (IoT).

In addition to his research accomplishments, Professor Li has played a pivotal leadership role in the University’s strategic development and internationalisation. He served as Associate Provost from 2018 to 2023 and currently serves as Vice-President (Talent and International Strategy), leading initiatives in global talent recruitment, international partnerships and strategic academic development. His leadership has contributed significantly to CityUHK’s continuing development as a globally connected and innovation-driven university.

Professor Li has also made extensive contributions to the international engineering community. He previously served as President of the Institute of Electrical and Electronics Engineers (IEEE) Nanotechnology Council, founding editor of two IEEE publications, and organiser of major IEEE conferences that have fostered international collaboration in nanotechnology, robotics, biomedical engineering and materials science. He is a Fellow of both the IEEE and American Society of Mechanical Engineers (ASME), a Distinguished Overseas Scholar of the Chinese Academy of Sciences, an International Fellow of the Canadian Academy of Engineering, and a Member of the National Academy of Artificial Intelligence (NAAI).

Professor So, another newly elected EAE Member, has made sustained contributions to statistical signal processing and intelligent algorithms. His research has advanced the fields of sparse recovery, matrix completion, robust estimation, source localisation and federated learning. In recent years, his work has focused on enhancing the robustness and reliability of AI systems in complex environments. His pioneering research on sparsity-inducing algorithms, robust low-rank matrix recovery, and Byzantine-resilient federated learning has strengthened the theoretical foundations of AI while improving its practical reliability and secure real-world deployment.

Professor So has also actively promoted international academic collaboration. He previously served on the Signal Processing Theory and Methods Technical Committee of the IEEE Signal Processing Society and is an IEEE Fellow. This July, he was elected as a Member of the NAAI in recognition of his scholarly achievements, professional leadership and contributions to advancing AI. His election to the EAE further underscores the international recognition of his outstanding research achievements.

The election of Professor Li and Professor So to the EAE highlights the world-class research excellence of CityUHK scholars in engineering, AI and innovation. It also further strengthens the University’s international standing in engineering research and innovation, underscoring CityUHK’s commitment to advancing interdisciplinary research, translating research outcomes into societal impact and contributing to global technological progress.

Founded in 1992 in Gothenburg, Sweden, the EAE is an international academy. Its members are rigorously elected by their peers across 13 specialised engineering classes and comprise internationally renowned leaders and distinguished scholars from academia and industry, including Nobel Laureates, Turing Award Laureates, Fields Medalists, and recipients of other major international distinctions. Election to the EAE is regarded as one of the highest honours in the international engineering community, recognising sustained excellence in engineering research, technological innovation, education, and industrial leadership. The 2026 elected cohort comprises 147 Members. As of 5 August 2026, Professor Li was one of only four newly elected Members worldwide in the Mechanical Engineering (Materials) class. This year’s newly elected Members also include eminent scholars and technology leaders such as Turing Award laureate Professor Vinton G. Cerf, and Nobel Laureate Professor Phillip A. Sharp.

Media enquiries:

Winnie Li, Communications and Institutional Research Office, CityUHK (Tel: 3442 5221)

Ascletis Announces Initiation of Two Phase I Studies in U.S. for the Treatment of Obesity: ASC36 Once-Monthly Injection, an Amylin Receptor Peptide Agonist, and ASC36_35FDC Once-Monthly Injection, a Co-Formulation of ASC36 and GLP-1R/GIPR Peptide Agonist ASC35

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-ASC36_35FDC, a once-monthly subcutaneous (SQ) fixed dose combination (FDC) injection of ASC36 and ASC35, is a potentially first-in-class drug candidate which targets three validated targets of amylin receptor, GLP-1R and GIPR.

-ASC36 is a potentially first-in-class once-monthly to once-quarterly SQ injection which targets amylin receptor.

-Investigational New Drug (IND) Applications for both ASC36 injection and ASC36_35FDC were recently cleared by the U.S. Food and Drug Administration (FDA).

HONG KONG, Aug. 10, 2026 /PRNewswire/ — Ascletis Pharma Inc. (HKEX: 1672, “Ascletis”) announces today that following the Investigational New Drug (IND) clearance by the U.S. Food and Drug Administration (FDA), it has initiated two Phase I studies in the U.S. for the treatment of obesity: ASC36, a once-monthly to once-quarterly next-generation amylin receptor peptide agonist and ASC36_35FDC, a once-monthly subcutaneous (SQ) fixed dose combination (FDC) injection of ASC36 and GLP-1R/GIPR peptide agonist ASC35.

The Phase I study for ASC36_35FDC is a randomized, double-blind, placebo-controlled trial designed to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of ASC36_35FDC injections following single and multiple ascending doses in participants with obesity (body mass index (BMI) ≥ 30.0 kg/m²) or overweight (BMI ≥ 27.0 kg/m²) with weight-related comorbidities. The Phase I study also evaluates two different FDC formulations: Injection A in 88 participants and Injection B in 88 participants. Both Injections A and B consist of two ultra-long-acting peptide agonists, the amylin receptor peptide agonist ASC36 and the GLP-1R/GIPR dual peptide agonist ASC35.

The Phase I study for ASC36 is a randomized, double-blind, placebo-controlled trial designed to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of ASC36 injections following single and multiple ascending doses in participants with obesity (BMI ≥ 30.0 kg/m²) or overweight (BMI ≥ 27.0 kg/m²) with weight-related comorbidities. The Phase I study also evaluates two different formulations: Injection A in 72 participants and Injection B in 72 participants.

“Eloralintide in combination with tirzepatide recently demonstrated 29.0% weight loss at week 32[1]. However, two separate weekly injections are required; one for eloralintide and one for tirzepatide. This translates into eight injections per month. In contrast, ASC36_35FDC, a potentially first-in-class SQ, FDC injection which targets amylin receptor, GLP-1R and GIPR, requires only one injection per month. More exciting, ASC36_35FDC demonstrated approximately 51% greater relative body weight reduction compared to the co-administration of eloralintide and tirzepatide in a head-to-head diet-induced obese (DIO) rat study (Press release). These animal models are highly predictive of human efficacy,” said Jinzi Jason Wu, Ph.D., Founder, Chairman and CEO of Ascletis, “As we have initiated a global Phase III program for the oral small molecule GLP-1, ASC30, I am equally pleased with our significant progress in 2026 on our once-monthly SQ peptide pipeline, evidenced by initiation of three Phase I studies in the U.S. – ASC35, ASC36 and ASC36_35FDC.”

Both ASC36 and ASC35 were discovered in-house utilizing Ascletis’ Artificial Intelligence-assisted Structure-Based Drug Discovery (AISBDD). Both ASC36 once-monthly to once-quarterly formulation and ASC36_35FDC once-monthly co-formulation are Self-Assembling Lipid Depot (SALD) formulations, developed in-house utilizing Ascletis’ Ultra-Long-Acting Platform (ULAP) technology.

SALD formulation is a low-viscosity solution which is composed of lipids, biocompatible organic solvents, and the active pharmaceutical ingredient (API). The low-viscosity solution can be easily administered into the subcutaneous tissue using an injection pen/auto-injector with a fine needle as thin as 29 gauge. After SQ administration, the solution transforms into a gel-like depot in the tissue. Under the action of enzymes in the tissue, the depot slowly degrades, releasing the API over a one-month or longer period.

In head-to-head non-human primate (NHP) studies, ASC36 SALD formulation demonstrated approximately 6-fold longer observed half-life than eloralintide, supporting once-monthly to once-quarterly SQ administration in humans. In NHP studies, ASC36_35FDC SALD co-formulation demonstrated long observed half-lives for both ASC36 and ASC35, supporting once-monthly SQ administration in humans.

Preclinical studies have established the superior efficacy of ASC36 injection and ASC36_35FDC injection co-formulation. In head-to-head DIO rat studies, which are highly predictive of human efficacy, ASC36 monotherapy, targeting amylin receptor, demonstrated approximately 91% and 32% greater relative body weight reduction compared to petrelintide and eloralintide monotherapies, respectively. In head-to-head DIO rat studies, ASC36_35FDC, targeting three targets of amylin receptor, GLP-1R and GIPR, demonstrated approximately 51% greater relative body weight reduction compared to the co-administration of eloralintide and tirzepatide.

Both ASC36 injection formulation and ASC36_35FDC injection co-formulation exhibit excellent chemical and physical stability with no aggregation or precipitation caused by fibrillation at neutral pH.

[1] Eli Lilly and Company. Safety, tolerability, pharmacokinetics and pharmacodynamics of eloralintide and tirzepatide co-administered as once-weekly subcutaneous injections [Abstract accepted for presentation at EASD 2026]

About Ascletis Pharma Inc.

Ascletis Pharma Inc. is a fully integrated biotechnology company focused on the development and commercialization of potentially best-in-class and first-in-class therapeutics to treat metabolic diseases. Utilizing its proprietary Artificial Intelligence-assisted Structure-Based Drug Discovery (AISBDD) and Ultra-Long-Acting Platform (ULAP) technologies as well as Peptide Oral Transport ENhancement Technology (POTENT), Ascletis has developed multiple drug candidates in-house, including both small molecules and peptides, such as its lead program, ASC30, a once-daily oral small molecule GLP-1R agonist for chronic weight management and diabetes; ASC30_48FDC, a once-daily oral small molecule dual agonist, a fixed dose combination of ASC30 (GLP-1R agonist) and ASC48 (GIPR agonist), ASC30_48_39FDC, a once-daily oral small molecule triple agonist, a fixed dose combination of ASC30 (GLP-1R agonist), ASC48 (GIPR agonist) and ASC39 (amylin receptor agonist (SARA)), ASC39, an eloralintide-like potent selective amylin receptor agonist (SARA) once-daily oral small molecule, ASC30_39FDC, a once-daily oral small molecule dual agonist, a fixed dose combination of ASC30 (GLP-1R agonist) and ASC39 (amylin receptor agonist (SARA)), ASC36, an amylin peptide, designed to be administered once monthly to once quarterly subcutaneously and once daily orally, ASC35, a once-monthly subcutaneously administered GLP-1R/GIPR dual peptide agonist, ASC36_35FDC, a once-monthly subcutaneous triple peptide agonist, a fixed combination of ASC36 (amylin receptor agonist) and ASC35 (GLP-1R/GIPR agonist), ASC37, a GLP-1R/GIPR/GCGR triple peptide agonist, designed to be administered once monthly subcutaneously and once daily orally, and ASC36_37FDC, a once-monthly subcutaneous quadruple peptide agonist, a fixed dose combination of ASC36 (amylin receptor agonist) and ASC37 (GLP-1R/GIPR/GCGR agonist), for chronic weight management. Ascletis is listed on the Hong Kong Stock Exchange (1672.HK).

For more information, please visit www.ascletis.com.

Contact：

Peter Vozzo
ICR Healthcare
443-231-0505 (U.S.)
Peter.vozzo@icrhealthcare.com

Ascletis Pharma Inc. PR and IR Teams
+86-181-0650-9129 (China)
pr@ascletis.com
ir@ascletis.com

CSTS and Chelsea Football Club Launch Strategic Partnership to Deliver Unforgettable Football Experiences in Hong Kong

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NEW YORK, Aug. 10, 2026 /PRNewswire/ — CSTS Enterprises (‘CSTS’) is proud to announce a strategic partnership with Chelsea Football Club, one of the world’s leading football clubs, as part of Chelsea’s 2026 Hong Kong Pre-Season Tour. The collaboration represents a significant milestone for CSTS as it continues to expand its presence across sports, tourism, hospitality, entertainment, and premium fan experiences globally.

Under the partnership, CSTS has been appointed the official travel agency partner of Chelsea FC Hong Kong Pre-Season Tour and will work alongside the club to create a series of unique football-related experiences designed to bring fans closer to the game – and strengthen Hong Kong’s position as a destination for major international sporting events.

The collaboration kicked off with a youth football development programme at Hong Kong Football Club on August 3, providing aspiring young players with opportunities to engage with Chelsea’s renowned football development philosophy. The partnership continued through the highly anticipated Chelsea FC vs. Juventus match at Kai Tak Stadium on August 5 as part of the Hong Kong Football Festival, one of the marquee sporting events to be staged in Hong Kong this year. Beyond matchday activity, the partnership also encompassed a range of fan and hospitality initiatives designed to deepen engagement with Chelsea supporters and partners across the market.

The partnership also reflects CSTS Enterprises’ commitment to investing in the future of football by creating opportunities for youth participation and fan development. Through academy-related activities, community engagement initiatives, and access to world-class football expertise, CSTS aims to contribute to the continued growth of the sport in Hong Kong while fostering meaningful connections between global sporting brands and audiences.

Speaking on the partnership, Abel Zhao, CEO and Executive Director of CSTS Enterprises said, “We are honoured to partner with Chelsea Football Club, recognised around the world for its excellence, rich heritage, and passionate global fanbase. This collaboration aligns perfectly with CSTS’ vision of creating extraordinary experiences that connect people through sport, entertainment, and hospitality. We are excited to welcome Chelsea FC to Hong Kong and look forward to delivering memorable initiatives that will benefit fans, partners, and the wider community.”

The partnership underscores CSTS’ long-term ambition to become a global platform for international sports and entertainment experiences. By working with leading organisations such as Chelsea FC, CSTS continues to create meaningful opportunities that bring world-class brands, premium experiences, and international audiences together.

As Chelsea FC’s Hong Kong Pre-Season Tour unfolds, both organisations look forward to delivering experiences that celebrate football’s power to inspire communities, unite fans, and create lasting memories, both on and off the pitch.

CSTS and Chelsea Football Club hosted a youth football development programme at Hong Kong Football Club, providing aspiring young players with opportunities to engage with Chelsea's renowned football development philosophy.
CSTS and Chelsea Football Club hosted a youth football development programme at Hong Kong Football Club, providing aspiring young players with opportunities to engage with Chelsea’s renowned football development philosophy.

The CSTS team pictured with Chelsea Football Club legend Roberto Di Matteo (centre).
The CSTS team pictured with Chelsea Football Club legend Roberto Di Matteo (centre).

About CSTS Enterprises

CSTS Enterprises is an integrated media, entertainment, sports, and travel technology group. The company develops and partners with intellectual properties and brands to deliver compelling experiences that connect with local and regional audiences across the world. In addition to its own initiatives, including Generation C and PremierX, it collaborates with international IPs such as the FIFA World Cup, Formula 1, and Waterbomb.

CSTS integrates experiential marketing, tourism, data, and technology to deliver connected audience experiences. The company engages consumers across physical events and digital channels, working with clients to execute at scale across markets, turning complex activations into co-ordinated, measurable outcomes.

 

HIGHWAY HOLDINGS SIGNS MASTER AGREEMENT FOR FORMATION OF MAJORITY-OWNED ENERGY STORAGE JOINT VENTURE WITH WOWTIGER BRAND OWNER HUAHU

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Expands Highway Holdings into the Energy Storage Market, Creates a Platform for Shifting Towards a Product Business, while Extending its OEM business and  Increasing Factory Utilization

HONG KONG, Aug. 10, 2026 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO, the “Company” or “Highway Holdings”) today announced it has signed the master agreement contemplated by the letter of intent with Guangdong Huahu New Energy Technology Co., Ltd. (“Huahu”) that was signed and announced on July 22, 2026. Highway Holdings expects to benefit from the joint venture’s anticipated sales and profit contribution, including from the new components business. Huahu is a China-based manufacturer of battery energy storage systems marketed under the Wowtiger brand.

The companies expect to officially form Huahu International New Energy Technology Company Limited, a Hong Kong joint venture company, within less than 30 days. The joint venture will combine Huahu’s established energy storage products and technology with Highway Holdings’ global manufacturing capabilities, European operating presence and international commercial relationships.

Highway Holdings will own 57% of the joint venture company, with Huahu owning the remaining 43%. The venture will be jointly managed by the two parties. The venture will market and distribute Huahu’s Wowtiger-branded energy storage products in designated international markets. The initial commercial focus will include Germany, Italy, the United States and designated South American markets. It will also evaluate additional markets and semi-knocked-down kit (“SKD”) manufacturing opportunities for Highway Holdings as the business develops.

The transaction gives Highway Holdings access to international battery energy storage systems (BESS) with the potential to generate revenue from product sales, distribution, SKD manufacturing and related services. It also creates opportunities to increase utilization across Highway Holdings’ existing manufacturing operations and diversify the Company beyond its traditional OEM business.

International Growth Platform

Huahu has developed an international customer base, initially serving commercial customers in Africa and Southeast Asia. Its fast growing market presence has also generated interest from prospective European customers seeking more technically demanding energy storage solutions.

The joint venture will use Highway Holdings’ European contacts and operations to support these opportunities through technical project management, customer service, warranty support, marketing and distribution. It also will pursue SKD manufacturing of Huahu products where commercially appropriate.

Highway Holdings believes its established European presence, manufacturing experience and reputation for dependable service will strengthen the Wowtiger brand’s position in mature markets where technical support, product availability and reliable warranty coverage are important purchasing considerations.

The venture will also pursue opportunities in the United States and designated South American markets. In the United States, one of the world’s largest potential energy storage markets, Highway Holdings intends to leverage its existing relationships and international operating experience to develop a distribution and marketing presence with manufacturing capability where appropriate. The Company may also evaluate financing alternatives to support larger international projects.

Transaction Terms

The Huahu International New Energy Technology Company Limited joint venture is expected to receive initial contributions valued at approximately $3.5 million, consisting of approximately $2.0 million in cash from Highway Holdings; and approximately $1.5 million in products and technology transferred by Huahu.  The joint venture will receive exclusive rights to market and distribute those products in Germany, Italy, the United States and designated South American markets, and intends to manufacture Huahu products through an SKD model. The transaction also includes performance-based equity incentives intended to align the parties’ long-term interests and encourage Huahu to direct additional manufacturing business to Highway Holdings. These incentives include: Up to 400,000 restricted Highway Holdings shares, 200,000 issuable upon the formation of the joint venture and another 200,000 upon the joint venture’s achievement of specified milestones in Europe.

Any shares issued to Huahu under these arrangements will be subject to a two-year transfer restriction and applicable performance conditions, corporate approvals and securities-law requirements.

Potential Expansion of Highway Holdings’ Core Manufacturing Business

Huahu purchases a variety of metal and plastic parts for the production of its products. The transaction is expected to transfer such purchases to Highway Holdings’ existing component-manufacturing factories. The business Huahu directs to Highway Holdings could provide meaningful and recurring production volume for the Company’s factories. The Company believes this additional volume has the potential to provide full capacity utilization, increase revenue and strengthen the earnings profile of Highway Holdings’ core OEM operations, bringing product manufacturing to Highway Holdings and at the same time also reviving its OEM business to a sustainable level.

Highway Holdings and Huahu will also collaborate on production improvements and the research and development of existing and next-generation energy storage products. This cooperation is expected to combine Huahu’s product expertise with Highway Holdings’ manufacturing capabilities, creating opportunities to improve product performance, production efficiency and speed to market.

Management Commentary

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented:

“This transaction is another important step as it gives Highway Holdings an elevated entry in the fast growing battery energy storage market while advancing two of our highest strategic priorities: diversifying beyond traditional OEM cycles and increasing utilization across our manufacturing operations. Huahu brings proven products, established technology and demonstrated high international demand, while Highway Holdings contributes decades of manufacturing expertise, a strong European operating presence and access to global commercial and capital markets. Together, we believe these complementary capabilities will create a compelling foundation for profitable, long-term growth.

“We evaluated more than 20 potential acquisitions and partnerships before selecting this opportunity, reflecting the disciplined approach we have taken to identifying the right strategic fit. With the joint venture agreement now established, our focus is firmly on execution, as we work to expand international market access, secure larger projects, increase manufacturing volume and strengthen the underlying economics of our core OEM business. We believe this partnership can help both companies reach critical scale faster and create meaningful long-term value for both Huahu’s and Highway Holdings’ shareholders.”

A market survey for Battery Energy Storage Systems (BESS) business predicts that the present worldwide market value for battery storage systems is about US$89 billion annually, and is expected to more than double and grow in the coming five years into an about US$198 billion market.

Mr. Liu, CEO of Huahu, commented, “We are delighted to have found a suitable international partner who can help us fully unlock our growth potential in international trade and advanced manufacturing. For any company, achieving solid growth is the best-case scenario, but growing too fast without the capacity to keep up is not beneficial. That is why we are very pleased to merge our interests with Highway Holdings. We believe that the Highway Holdings team is highly capable and well-positioned to provide us with multi-faceted support – including funding, technology, manufacturing, and international trade – which is exactly what we need at this time and in this place. We warmly welcome Highway Holdings to join our business, and together we will share responsibilities and reap the benefits.”

About Guangdong Huahu New Energy Technology Co., Ltd. and Wowtiger

Guangdong Huahu New Energy Technology Co., Ltd. is a China-based manufacturer of battery energy storage systems, inverters and related smart energy products marketed under the Wowtiger brand. The company serves international markets and offers energy storage solutions for residential and other applications. For more information, visit www.wowtigerenergy.com.

About Highway Holdings 

Highway Holdings is an international manufacturer of a wide variety of high-quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative office is located in Hong Kong and its manufacturing facilities are located in Germany, Yangon, Myanmar and Shenzhen, China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to the prospects of integrating the joint venture with Huahu, the business to be conducted by the newly formed joint venture, the resumption of operations of its Myanmar operations, and the economic, competitive, governmental, political and technological factors affecting the company’s revenues, operations, markets, products and prices, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.

 

Hello Group to Report Second Quarter 2026 Results on September 3, 2026

By
Advertorial Desk
-

BEIJING, Aug. 10, 2026 /PRNewswire/ — Hello Group Inc. (NASDAQ: MOMO) (the “Company”), a leading player in Asia’s online social networking space, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2026 before U.S. markets open on Thursday, September 3, 2026.

Hello Group’s management will host an earnings conference call on Thursday, September 3, 2026, at 7:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing / Hong Kong Time on the same day).

Preregistration Information

Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10056690-cemk7n.html.Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

A telephone replay of the call will be available after the conclusion of the conference call through September 10, 2026. The dial-in details for the replay are as follows:

U.S. / Canada:

1-855-883-1031

Hong Kong:

800-930-639

Passcode:

10056690

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group’s website at https://ir.hellogroup.com.

About Hello Group Inc.

We are a leading player in Asia’s online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which we added to our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Since 2019, we have continuously expanded our portfolio through internal incubation and strategic acquisitions, adding apps such as Hertz, Soulchill, and Happn. These products target more niche markets and selective user demographics both domestically and internationally, further strengthening our global presence.

For investor and media inquiries, please contact:

Hello Group Inc.

Investor Relations
Phone: +852-3157-1669
Email: ir@hellogroup.com

Christensen

In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com 

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