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To answer the key questions about world multipolarity

BEIJING, Feb. 22, 2025 /PRNewswire/ — A report from People’s Daily:

At the recently held 61st Munich Security Conference (MSC), multipolarity became the focus of discussion.

Is today’s world truly moving toward a multipolar order? How can the world ensure a healthy and stable transition to multipolarity?

The answer to these critical questions concerns the stability of the international order and world peace and development.

A multipolar world is both a historical inevitability and a reality. The Munich Security Report 2025, themed “Multipolarization,” states that today’s world is characterized by “multipolarization.” This assessment aligns with the prevailing consensus in the international community.

In international relations, “pole” refers to key influential political and economic forces in the global system. At its core, multipolarity is a global power and governance system featuring extensive consultation and joint contribution for shared benefit.

Since the Cold War ended in the early 1990s, the world has rapidly transitioned toward multipolarity. All countries and regions have increasingly sought a more independent and autonomous position in international affairs.

Today, multipolarity is a direct reflection of the changing global power dynamics. According to the International Monetary Fund, emerging markets and developing economies contributed 58.9 percent to the global economy in 2023. The Munich Security Report 2025 highlights that BRICS nations account for about 40 percent of global trade and 40 percent of crude oil production and exports.

This is not just about economic development – it is a basis for structural change in global order.

The MSC saw 30 percent of its speakers this year representing the Global South, a testament to the world’s multipolar trajectory. Global South countries are asserting greater independence in global affairs. They have actively promoted greater democracy in international relations through platforms such as BRICS and the Shanghai Cooperation Organization, injecting vital momentum into the world multipolarization process.

The report notes that multipolarization is not only evident in the diffusion of material power but also in the fact that the world has become more polarized ideologically. Developing nations have grown more self-assured in exploring the path to development independently. Together, the Global South is advocating for equal exchanges, inclusiveness and mutual learning among civilizations.

A multipolar world better reflects the international community’s aspirations for justice, fairness, and win-win cooperation. It aligns more closely with the realistic need for peace and development, and is more conducive to the reform of the global governance system.

Increasing representation and voice of developing countries in global governance does not signify the “decline of the West.” Rather, it fosters a more balanced and cooperative international system and helps maintain the vitality of multilateralism in a multipolar world. Just as UN Secretary-General Antonio Guterres suggested, multipolarity promises to be “a way to fix multilateralism.”

To prevent disorder and conflict during the transitional period in the international order, the key lies in working for an equal and orderly multipolar world. The international community should jointly advocate equal treatment, respect the international rule of law, practice true multilateralism, and pursue openness and mutual benefit. It should be a factor of certainty in the multipolar system, and strive to be steadfast constructive forces in a changing world.

To build an equal and orderly multipolar world, rules must be followed. The purposes and principles of the UN Charter provide fundamental guidance for handling international relations, and an important cornerstone of a multipolar world.

To build an equal and orderly multipolar world, views on cooperation must be updated with the times. One prominent concern about multipolarity is that it may lead to an inadequate supply of global public goods. To prevent this, nations must strike a balance between national and collective interests, and embrace a correct view of cooperation.

By practicing true multilateralism, promoting extensive consultation and joint contribution for shared benefit, and advancing a universally beneficial and inclusive economic globalization, all parties can strengthen their ability to tackle challenges and pursue development with solid steps.

The international community should seize this historic moment to shape an equal and orderly multipolar world. By prioritizing wisdom over fear, cooperation over confrontation, and rules over disorder, the world will move toward a brighter, more inclusive future.

Lao Brewery Company Steps Up Sustainability with Biomass Energy

Lao Brewery Company Steps Up Sustainability with Biomass Energy

Lao Brewery Company (LBC) is advancing its sustainability efforts with new green energy initiatives, reinforcing its commitment to the environment.

Be My Guest: The Cloud Episode

GUIYANG, China, Feb. 22, 2025 /PRNewswire/ — Since 2014, Guizhou, a picturesque province in southwestern China, has emerged as a pioneering hub for big data development, earning its fame as “China Data Valley.” The cool weather in summer, pristine air, stable geological conditions, unique power mix of hydro and thermal energy, and low electricity costs make Guizhou an ideal environment for fostering the big data industry. As China’s first big data pilot zone, Guizhou has propelled itself to the forefront of innovation, continuously challenging perceptions and setting new benchmarks in the digital era. 


Be My Guest: The Cloud Episode

The short video series “Be My Guest • Focus Guizhou“, produced by Guizhou Satellite TV and the International Communication Center of Guizhou Radio and Television Station, features international photographers exploring the vibrant and diverse Guizhou. In this episode, Thai vlogger Nalada Sungkitboon, nicknamed Labu, accepts an invitation from her friend Zhao Zehua—a tech-savvy student from the School of Big Data and Information Engineering at Guizhou University—to unveil the mysteries of “Cloud Guizhou.”

Their journey begins as they get aboard an adorable self-driving minibus, a fully automated vehicle without traditional parts like a driver’s seat, steering wheel, pedals, or rearview mirrors. This cutting-edge innovation provides them a fresh, futuristic, and safe travel experience. They then visit the Guizhou Phosphate Group, where they encounter “Linlin Wang,” a compact yet highly capable robot dog. Equipped with 5G, AI, and autonomous navigation, Linlin Wang performs tasks such as intelligent inspections and toxic gas detection, venturing into hazardous areas to ensure workplace safety. Following this, they experience digital imaging technology, creating their own unique digital figurines, and later stroll through the fairy-tale-like Huawei Cloud Data Center Fringe in Gui’an. Here, Song Qing, a local expert, discloses the advanced cloud technologies driving Guizhou’s rapid digital transformation.

“As a Thai girl visiting Guizhou for the first time, I am deeply impressed,” Labu shares. Her first impression of Guizhou is one of vibrant innovation and seamless technological integration. The vision of a smart “cloud lifestyle” leaves her inspired, and she expresses her eagerness to return to this extraordinary province for more experiences and a deeper understanding of “Cloud Guizhou.”

YouTube Link:https://youtu.be/FSyyFPhVKOw

EPWK HOLDINGS LTD. Announces Full Exercise of Underwriters’ Over-Allotment Option

XIAMEN, China, Feb. 22, 2025 /PRNewswire/ — EPWK HOLDINGS LTD. (the “Company”) (NasdaqGM: EPWK), a company that connects businesses with great talents through innovative and efficient cloud-sourcing platforms, today announced that the underwriters of its initial public offering (the “Offering”) have exercised in full their option to purchase an additional 412,500 Class A ordinary shares at a public offering price of $4.10 per share to cover over-allotments. Gross proceeds of the Company’s initial public offering, including the exercise of the over-allotment, totaled $12,966,250.00, before deducting underwriting discounts and other related expenses. The Class A ordinary shares commenced trading on the Nasdaq Global Market on February 6, 2025 under the ticker symbol “EPWK.”  

Proceeds from the Offering will be used for business development and marketing, research and development, exploration of new product and service offerings and the creation of an online global design center, and general corporate purposes and working capital.

Cathay Securities, Inc. acted as the representative of the underwriters, with Revere Securities LLC acting as co-underwriter (collectively, the “Underwriters”) for the Offering. VCL Law LLP served as counsel to the Company. Winston & Strawn LLP served as counsel to the Underwriters.

The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1, as amended (File No. 333-269657) (the “Registration Statement”), previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on February 3, 2025. The Offering was made only by means of a prospectus, forming a part of the Registration Statement. A final prospectus relating to the Offering was filed with the SEC and is available on the SEC’s website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by telephone at +1 (855) 939-3888.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About EPWK HOLDINGS LTD. 

The Company connects businesses with outstanding talent through an innovative and efficient integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers. The Company was founded by Huang Guohua, former chief reporter of Fujian Daily Press Group, and conducts its operations through its subsidiaries and contractual arrangements with the variable interest entity in China. For more information, please visit the Company’s website: www.epwk.com.  

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

 

Seesaw Joins the AWS Partner Network

SAN FRANCISCO, Feb. 22, 2025 /PRNewswire/ — Seesaw, the leading elementary Learning Experience Platform, announces today that it has joined the Amazon Web Services (AWS) Partner Network (APN), a global community leveraging programs, expertise, and resources to build, market and sell customer offerings. Seesaw is also launching its elementary Learning Experience Platform availability in AWS Marketplace.

Through Seesaw’s Learning Experience Platform, powered by AWS, schools can track student progress, capture and maintain all student projects and artifacts, and use two-way communication features that translate into over 100 languages. This allows families to access, hear, and visualize their child’s digital portfolio anytime, anywhere, on any device, allowing them to become partners in their child’s learning.

“We are thrilled to join the Amazon Partner Network as it opens new ways for schools to purchase Seesaw and helps them rapidly meet many of the goals outlined in their district’s strategic plans such as equity and accessibility, student and family engagement, positive school culture, and academic growth,” said Matt Given, CEO of Seesaw. “As a member of the APN, we’ll be better positioned to help reduce the digital divide and empower the entire education community, learners, educators, administrators, and families by uniting innovative technology to create a more connected, accessible, and impactful learning experience for every student.”

These announcements follow Seesaw’s completion of the AWS Foundational Technical Review (FTR), which ensures Seesaw’s products and solutions meet security, reliability, and operational excellence requirements. Seesaw is also a member of the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, which provides co-sell support and benefits to meet customer needs through collaboration with AWS field sellers globally.

The APN is a global network comprised of over 130,000 partners from more than 200 countries working with AWS to provide innovative solutions and deliver value to mutual customers.

About Seesaw

Seesaw is trusted and loved by 25 million educators, students, and families worldwide and is the only elementary Learning Experience Platform that offers a suite of award-winning tools, resources, and curriculum for teachers to deliver joyful and accessible instruction. Through interactive lessons, digital portfolios, and two-way communication features, Seesaw keeps everyone in the learning loop by providing continuous visibility into the student’s learning experience to support and celebrate their learning.

 

HH Global’s FY24 sustainability report is now live

LONDON, Feb. 22, 2025 /PRNewswire/ — HH Global’s sixth annual sustainability report captures the breadth and impact of their environmental, social and governance (ESG) initiatives, underscoring how they continue to make meaningful contributions to people and the planet. These are the highlights from their financial year 2024 report.

Net-zero plan finalized: 15 to zero
The past 12 months marked a pivotal moment as HH Global finalized their “15 to zero” plan, aligning with the SBTi’s (Science-Based Targets initiative) corporate net-zero standard. By focusing on 15 initiatives targeting five key emissions sources— energy, travel, sourcing, freight and waste—they are advancing towards a 50% reduction in Scope 1, 2 and 3 emissions by 2030 and a 90% reduction by 2040.

These initiatives are anchored in measurable metrics and robust governance, ensuring progress is both transparent and impactful. HH Global acknowledges their total emissions – and particularly their scope 3 emissions – rose from FY23 to FY24. This was due to an increase in the purchase of higher carbon products that were manufactured in countries with a higher carbon energy supply. However, they remain steadfast in their commitment to reversing this trend and achieving its net-zero goals.

Conscious Creative: setting the benchmark for responsible design
HH Global’s Conscious Creative program continues to redefine sustainable marketing, delivering innovation from ideation to production. Enhanced tools like carbon calculation and design scorecards have elevated its influence, impacting numerous projects across HH Global. Conscious Creative’s recognition as a finalist at the World Sustainability Awards in the Eco-design category further cements their status as an industry leader in responsible design.

Advancing the Sustainable Procurement Framework 
The Sustainable Procurement Framework (SPF) remains a cornerstone of HH Global’s ESG strategy, enabling their strategic supplier partners to enhance their environmental, social and governance credentials. To date, they have onboarded over 1,400 partners across 55 countries, accounting for $1.5B (73%) of their supplier spend.

By leveraging technology and collaboration, SPF amplifies their impact by up to 10 times per supplier across their supply chain – making it a key driver for clients seeking a more sustainable future.

Empowering women-owned businesses with WEConnect
Diversity and inclusion remain central to HH Global’s supplier strategy. Through their partnership with WEConnect International, they have engaged with women-owned businesses globally, introducing them to the benefits of certification. Their efforts have included outreach to supplier partners in LATAM, as well as the EMEA and APAC regions. This year, they attended and participated in their first WEConnect conference in India, reinforcing their dedication to supporting women entrepreneurs.

A message from HH Global’s CEO
“Our FY24 report reflects both the scale and sustainability commitments and challenges inherent in achieving them. While we celebrate successes such as the finalization of our net-zero plan and the growing influence of Conscious Creative, we remain transparent about areas where improvement is needed.”
“Sustainability is a journey, one that demands bold commitments, rigorous action and accountability. As we look ahead to 2025, we are inspired by the momentum we’ve built and the shared dedication of our teams, clients and partners to creating a more sustainable world.”

Kristian Elgey, CEO, HH Global

View HH Global’s FY24 sustainability report on their website.

 

Okto, the first end-to-end chain abstraction solution for developers, promises 90% reduction in development time, now live on Testnet

  • Okto Platform Live On Testnet: Pioneering blockchain adoption and enabling seamless cross-chain transactions across major networks like HyperLiquid, Aptos, Solana, and EVM.
  • The live testnet link for Okto: https://testnet.okto.tech/

BENGALURU, India, Feb. 22, 2025 /PRNewswire/ — Okto, a complete chain abstraction platform, is thrilled to announce the official launch of Okto Platform Testnet the industry’s first Complete end-to-end chain abstraction solution. This groundbreaking solution is set to redefine the landscape of blockchain interoperability by simplifying decentralized application (dApp) development, cross-chain transactions, and multi-chain innovation. The platform enables seamless communication across a range of leading blockchain ecosystems, such as all EVM chains, HyperLiquid (HL), Aptos, Solana, and Cosmos chains/ecosystems.

Okto, the first end-to-end chain abstraction solution for developers, promises 90% reduction in development time, now live on Testnet
Okto, the first end-to-end chain abstraction solution for developers, promises 90% reduction in development time, now live on Testnet

Okto’s chain abstraction technology is already delivering impressive results, with real-world success stories across gaming, social and DeFi applications that showcase its efficiency and transformative potential. The Okto Wallet, has facilitated the creation of over 12 million wallets, integrated more than 50 protocols, and supports over 20 EVM and Alt-VM chains. Okto has already clocked in $1 billion in Monthly Recurring Revenue.

Neeraj Khandelwal, Co-Founder of Okto & CoinDCX, said “We have been developing our Chain Abstraction technology for over two years, collaborating closely with prominent blockchain networks to rigorously test cross-chain transactions, liquidity, and interoperability. The results have been exceptional. Okto’s core mission has always been to simplify the user experience, ensuring it mirrors the simplicity and efficiency of Web2 with just a single click. We are now empowering developers with the ability to seamlessly integrate Web3 functionalities into their applications with unprecedented ease and efficiency.”

Rohit Jain, Head of DeFi Initiatives at Okto and CoinDCX, said: “We built a world-class team and collaborated with industry leaders such as Nethermind, Silence Laboratories, Across Protocol, and Agoric. By leveraging cutting-edge security from EigenLayer and Polygon CDK, each partnership brought vital expertise to our mission. Today, we stand at a pivotal moment with the launch of the Okto Platform Testnet.”

While collaborating with multiple networks co-building on the Okto platform, one key piece of feedback from developers has been the significant reduction in development time—by over 90%. Okto does the heavy lifting of abstracting Web3 complexities across fragmented ecosystems and empowers developers to offer their end users a frictionless, single-click experience. This allows developers to focus on their core product.”

 

Shell to grow working interest in the Ursa platform in Gulf of America

HOUSTON, Feb. 22, 2025 /PRNewswire/ — Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell’s working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, following an agreement to acquire 15.96% WI from ConocoPhillips Company (COP).

Ursa platform in the Gulf of America (courtesy of Shell)
Ursa platform in the Gulf of America (courtesy of Shell)

“This targeted investment is the latest example of how we are unlocking more value from our existing advantaged Upstream assets and infrastructure,” said Zoë Yujnovich, Shell’s Integrated Gas & Upstream Director. “The acquisition expands our ownership in an established long-producing asset that generates robust free cash flow, while also providing more options for growth.”

The Gulf of America production has among the lowest greenhouse gas intensity in the world. Increasing our working interest in Ursa demonstrates our continued focus on providing secure supplies of domestic energy and pursuing the highest margin and most energy-efficient Upstream investments.

This deal is subject to regulatory clearance, preferential rights election and closing conditions. The deal is expected to be completed by end Q2 2025.

Notes to editors

  • Shell is the operator of Ursa Tension-Leg Platform (TLP) and currently holds a 45.3884% working interest (WI) ownership in the asset with BP Exploration & Production Inc. (22.6916% WI), ECP GOM III, LLC (15.96%) and ConocoPhillips Company (COP) (15.96% WI).

The transaction also includes:

    • COP’s 15.96% membership interest in the Shell-operated Ursa Oil Pipeline Company LLC, which will be held by Shell Pipeline Company.
    • COP’s 1% WI in the Europa prospect (also operated by Shell).
    • COP’s 3.5% Overriding Royalty Interest (ORRI) in Ursa. This royalty interest was acquired by COP through the Marathon Oil Corporation merger, which was completed in November 2024.
  • Reference to an increase in WI to a maximum of 61.35% is subject to preferential rights election by other WI partners.
  • The Ursa TLP, which began production in 1999, is located approximately 130 miles (209 kilometres) southeast of New Orleans within the Mars Basin, one of the most prolific hydrocarbon basins in the world.
  • The Ursa/Princess field is well established, having produced more than 800 million barrels of oil equivalent total gross over ~25 years, providing Shell with reliable production and growth opportunities.
  • Shell US is the leading deep-water operator and one of the largest leaseholders in the Gulf of America (GoA), focused on opportunities close to our existing assets in the most prolific corridors.
  • The reference to our GoA production having among the lowest greenhouse gas intensity in the world is a comparison among other members of the International Association of Oil & Gas Producers.

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this release “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ”Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this release refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-looking Statements

This release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ”anticipate”; ”believe”; “commit”; “commitment”; ”could”; ”estimate”; ”expect”; ”goals”; ”intend”; ”may”; “milestones”; ”objectives”; ”outlook”; ”plan”; ”probably”; ”project”; ”risks”; “schedule”; ”seek”; ”should”; ”target”; ”will”; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this release, February 21, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release.

Shell’s Net Carbon Intensity

Also, in this release we may refer to Shell’s “Net Carbon Intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “Net Carbon Intensity” or NCI are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-looking non-GAAP measures

This release may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
The contents of websites referred to in this release do not form part of this release.

We may have used certain terms, such as resources, in this release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.