TAIPEI, TAIWAN – Media OutReach Newswire – 6 August 2024 – From July 31 to August 2, the Council of Indigenous Peoples (CIP) joined hands with the State of Hawaii Office in Taipei to present the three-day “Formosa-Hawaii Cultural Festival” at the New Taipei City Citizen Plaza, inviting people from across Taiwan to immerse themselves in the world of Austronesia through music and dance, and experience firsthand the beauty and passion of Austronesian culture.
Chairperson Ljaucu Zingrur (Tseng Chih-Yung) of the Indigenous Peoples Council delivered opening remarks at the Aloha Taiwan Cultural Festival, expressing the hope that cultural exchanges between Taiwan and Hawaiʻi will deepen Austronesian cultural connections and help preserve the invaluable cultural heritage of Indigenous peoples.
Speaking at the opening ceremony, CIP Minister Ljaucu‧Zingrur said that cultural experiences often move people deeply, and that sound policy can turn that emotion into lasting institutions. As the CIP marks its 30th anniversary this year, the opening ceremony of the Formosa-Hawaii Cultural Festival featured a special tribute honoring individuals who have made outstanding contributions to Indigenous affairs. Among these forerunners and partners are those who advocated internationally for the rights of their people, devoted their lives to rescuing endangered Indigenous languages, brought international acclaim to Taiwan through music, dance, and sport, and even those who became guardians of their communities for leading the swift evacuation of an entire village amid a raging storm and rebuilding it in the aftermath. In paying tribute to these unsung heroes, the Minister expressed hope that this honor will be passed on, inspiring more talented citizens to join in advancing Indigenous affairs. He also expressed that this cultural celebration is powerful proof that Indigenous culture is not only flourishing on Taiwan’s own soil, but is also embracing the world with the utmost confidence and openness as it steps onto the international stage.
The festival’s biggest draw is its lineup of top international music and dance performances from across the Pacific, alongside Golden Melody Award-winning stars, paired with a lively, delicious, and fun Austronesian-themed marketplace, together creating the most exuberant summer party of the season! The whole venue is awash in the romance of Aloha. Visitors can savor Hawaiian Kona coffee and Indigenous delicacies in the Austronesian-themed exhibition area, try their hand at Hula dancing and lei making, and enter a daily lucky draw for limited-quantity market vouchers. Families of all ages can spend a leisurely afternoon into the evening enjoying live music while browsing the market stalls, experiencing firsthand the distinctive cultural charm and way of life shared by Taiwan’s Indigenous peoples and Hawaii.
The three-day program offered one highlight after another. During the day, the State of Hawaii Office in Taipei brought in the internationally acclaimed Ke Kai O Kahiki, a dance group known for powerful, masculine hula performances, to showcase the depth of Hawaiian culture. Furthermore, the CIP has invited music and dance troupes from Palau and Tuvalu to share the profound bonds of Pacific heritage. As night falls, Golden Melody Award-winning stars took the stage in succession. On July 31, “The Call of Mountains and Sea” kicked off with performances by Usay Kawlu, Utjung Tjakivalid, and Kasiwa; on August 1, “The Night of Island Sounds” brought Princess Ai and Abao back-to-back; and on August 2, “Aloha Night” closed the festival with a grand finale by Biung and Abus, pouring out the soul of the ocean through the most contemporary electronic beats and rhythms.
The CIP and the State of Hawaii Office in Taipei warmly invited people across Taiwan to bring family and friends to the New Taipei City Citizen Plaza this weekend, to enjoy live music, explore the marketplace, and experience firsthand this not-to-be-missed summer party rich in culture.
Photo: Chairperson Ljaucu Zingrur (Tseng Chih-Yung) of the Indigenous Peoples Council delivered opening remarks at the Aloha Taiwan Cultural Festival, expressing the hope that cultural exchanges between Taiwan and Hawaiʻi will deepen Austronesian cultural connections and help preserve the invaluable cultural heritage of Indigenous peoples.
Hashtag: #CouncilofIndigenousPeoples
The issuer is solely responsible for the content of this announcement.
The Singapore-headquartered distributor enters the region’s top 10, following its No. 19 placement on the 2026 Top 50 Global Electronics Distributors List in May.
SINGAPORE, Aug. 6, 2026 /PRNewswire/ — Unikeyic Electronics today announced it has been ranked No. 7 on Supply Chain Connect’s 2026 Top 50 Asia Pacific Distributors List, published on July 22, 2026. The placement puts Unikeyic among the region’s top 10 electronic components distributors and marks the company’s second industry recognition this year.
Unikeyic Electronics Ranked No. 7 on Supply Chain Connect’s 2026 Top 50 Asia Pacific Distributors List
In May 2026, Unikeyic was ranked No. 19 on Supply Chain Connect’s 2026 Top 50 Global Electronics Distributors List, its first entry into the global top 20. Taken together, the two rankings reflect the company’s continued progress in inventory coverage, quality assurance, fulfillment responsiveness, and digital procurement support across both global and regional markets.
Asia Pacific is the region where Unikeyic’s supply chain infrastructure is most established, making a top 10 placement particularly significant for the company. Two recognitions within a single year indicate that the capabilities Unikeyic is building for engineers, buyers, and manufacturers are creating measurable value in a fast-changing supply environment. The company extends its thanks to the customers, suppliers, and partners whose continued collaboration made this recognition possible.
Supply Chain Connect, a publication of Endeavor Business Media, covers the global electronics supply chain and publishes annual rankings of leading distributors worldwide and by region. The full Asia Pacific list is available at supplychainconnect.com.
Core capabilities supporting global and regional customers:
Scale and breadth. 300,000+ in-stock SKUs, authorized distribution partnerships with 200+ brands, and a 300,000 sq ft smart warehouse supporting fast global dispatch.
Quality assurance. An in-house testing laboratory that is CNAS-accredited and ILAC MRA-recognized, with test reports recognized in 100+ economies, helping customers source authentic, quality-assured components with confidence.
Agile fulfillment. Same-business-day dispatch for in-stock items, helping customers shorten lead times and reduce supply risk, with strong support for high-mix, low-volume sourcing requirements.
Digital integration. BOM tools, RFQ support, and enterprise API integration for real-time inventory access, pricing visibility, and seamless ERP connectivity.
Operational stability. Backed by a listed parent company with more than 20 years of supply chain infrastructure, providing procurement reliability, transaction security, and flexible payment options.
Looking ahead, Unikeyic will continue investing in inventory depth, brand coverage, quality assurance, digital procurement capabilities, and global service efficiency.
About Unikeyic Electronics
Unikeyic Electronics supplies electronic components for industrial control, automotive electronics, robotics, medical electronics, IoT, communications, and new energy applications.
Unikeyic Electronics is an electronic components distribution brand operated by UNIKEY ELECTRONICS PTE. LTD., a Singapore-headquartered company serving design engineers, buyers, ODMs, OEMs, and EMS providers in more than 100 countries and regions through unikeyic.com. With 300,000+ in-stock SKUs, a 300,000 sq ft smart warehouse, and authorized distribution partnerships with 200+ brands, Unikeyic supports fast global dispatch and efficient electronic components procurement.
NANTONG, China, Aug. 6, 2026 /PRNewswire/ — Ractigen Therapeutics, a clinical-stage biotechnology company pioneering next-generation RNA therapeutics, today announced the completion of patient enrollment and initial dosing across all cohorts in its Phase II clinical trial evaluating RAG-17, an investigational siRNA therapy targeting superoxide dismutase 1 (SOD1) mutations in amyotrophic lateral sclerosis (ALS).
From the dosing of the first participant in the RAG-17 Phase II trial on January 13, 2026, to the completion of enrollment and first dosing of all participants today, this rapid progression across all five sites underscores both the strength of physician and patient engagement in the SOD1-ALS community and the operational execution of Ractigen’s clinical team. With all participants now having received their initial dose, the study advances into the critical evaluation period, during which safety, biomarker, and functional data will continue to accumulate ahead of key regulatory interactions.
RAG-17 is developed using Ractigen’s proprietary SCAD™ (Smart Chemistry-Aided Delivery) platform, with positive First-in-Human (FIH) Phase 1 clinical data recently published in Nature Medicine.
“Completing enrollment and first-dose administration in our Phase II MAD trial marks a pivotal achievement for Ractigen as we advance RAG-17 along a defined, accelerated regulatory pathway,” said Long-Cheng Li, M.D., Founder and CEO of Ractigen Therapeutics. “Building upon robust Phase I SAD data that demonstrated remarkable CSF SOD1 protein suppression and plasma neurofilament light chain (NfL) reduction, this milestone brings us one step closer to delivering a transformative therapy to SOD1-ALS patients. We remain fully focused on executing our clinical strategy and engaging with regulatory authorities to accelerate the development of this meaningful treatment.”
About RAG-17 Phase II
This Phase II trial (NCT06556394) is a randomized, double-blind, placebo-controlled, multiple ascending dose (MAD) study designed to evaluate the safety, tolerability, pharmacokinetics (PK), pharmacodynamics (PD), and preliminary efficacy of repeated intrathecal injections of RAG-17 in patients with SOD1 mutations. The participating sites include Beijing Tiantan Hospital, Capital Medical University (led by Dr. Yi-Long Wang), The Second Affiliated Hospital, Zhejiang University School of Medicine (led by Dr. Zhi-Ying Wu), West China Hospital of Sichuan University (led by Dr. Hui-Fang Shang), Fujian Medical University Union Hospital (led by Dr. Zhan-Yu Zou) and the First Affiliated Hospital, Sun Yat-sen University (led by Dr. Jing-Sheng Zeng).
About RAG-17
RAG-17 is an investigational siRNA therapeutic candidate designed using Ractigen’s proprietary SCAD™ delivery platform technology to specifically target and silence the superoxide dismutase 1 (SOD1) gene mRNA. Mutations in the SOD1 gene cause a toxic gain-of-function and are a known cause of familial ALS. By reducing the production of the toxic mutant SOD1 protein, RAG-17 aims to slow or halt the progression of SOD1-ALS.
RAG-17 has obtained Orphan Drug Designation (ODD) from the U.S. Food and Drug Administration (FDA) and been selected for the CARE Program of the Center for Drug Evaluation (CDE), National Medical Products Administration (NMPA), which facilitates the accelerated development of rare disease therapies.
About ALS Amyotrophic Lateral Sclerosis (ALS) is a progressive neurodegenerative disease affecting nerve cells in the brain and spinal cord, leading to muscle weakness, paralysis, and ultimately death, typically within three to five years of diagnosis. SOD1 gene mutations account for approximately 10-20% of familial ALS cases and about 1-2% of sporadic ALS cases. There remains a critical unmet medical need for effective treatments that can slow or stop disease progression.
About Ractigen Therapeutics
Ractigen Therapeutics is a clinical-stage biopharmaceutical company innovating next-generation RNA therapeutics, with a primary focus on small activating RNAs (saRNAs) developed through its clinically validated RNA activation (RNAa) technology. Leveraging proprietary delivery platforms such as SCAD™, LiCO™, and GLORY™, Ractigen is advancing a robust pipeline addressing unmet medical needs in oncology, neurological diseases, and genetic disorders. Its versatile technologies also enable the rapid development of RNA-based solutions, including siRNAs, where applicable, to target life-threatening, fast-progressing conditions such as those in the CNS. Committed to scientific excellence and patient-centered innovation, Ractigen strives to transform healthcare through the power of RNA therapeutics. For more information, visit www.ractigen.com, and follow us on X and LinkedIn.
Vancouver, British Columbia – Newsfile Corp. – August 6, 2026 – Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces results from the Upper Antino target area at its Antino Gold Project (“Antino” or the “Project”) in southeastern Suriname (Figure 1). Recent exploration drilling at Upper Antino intersected 28.0 metres (m) of 14.27 grams per tonne (g/t) gold (Au) from 433.0 m in drill hole FR249, a 50 m down-dip extension of previously reported FR175 (10.0 m of 5.90 g/t Au).
Colin Padget, President & CEO, commented, “These results demonstrate meaningful high-grade growth potential at Upper Antino. FR249 is one of the strongest holes we’ve drilled at Antino, returning 28.0 metres of 14.27 g/t gold — grade we have typically seen only within the high-grade Froyo core, now intersected well outside it. By extending this mineralization down-dip from FR175, the hole potentially demonstrates strong vertical continuity of a new high-grade zone. Establishing its scale is a priority for our ongoing drilling.”
Highlights
Broad high-grade gold:28.0 m of 14.27 g/t Au from 433.0 m (~340 m vertical) in FR249, a 50 m down-dip extension from the previously reported drill hole FR175 intersecting 10.0 m of 5.90 g/t Au
Multiple stacked zones: Drill hole FR249 intersected multiple gold zones with downhole widths ranging from 6.0 m to 28.0 m (Figures 2 and 3)
Growing gabbro-hosted target: gold mineralization occurs within a gabbro unit widening at depth, representing a progressively larger target for follow-up drilling
Geological Discussion Ongoing drilling at Upper Antino is testing the down-dip continuation of the multiple gold-bearing shear zones that define the target. Hole FR249 cut four stacked, sub-parallel shears between 285.0 m and 461.0 m down-hole, the deepest of which returned 28.0 m of 14.27 g/t Au from 433.0 m (~340 m vertical) (Figures 2 and 3). The zones above it graded 18.0 m of 1.04 g/t Au from 285.0 m, 24.0 m of 0.36 g/t Au from 319.0 m, and 6.0 m of 1.62 g/t Au from 415.0 m, confirming that the stacked architecture seen near surface persists well below it. Earlier deep drilling traced mineralization to approximately 500 m vertical (announced August 11, 2025); FR249 now further demonstrates that these deeper horizons can carry substantially higher grades.
The highlight intercept occurs where the mineralized structures transect a large gabbro body. Gold mineralization at Upper Antino remains structurally controlled, with the gabbro providing a favourable host: the competent, brittle unit fractures readily where the shears cut through it, opening space for the quartz veining that carries high-grade gold, while its iron-rich composition promotes gold deposition from the mineralizing fluids. Because the unit widens down-dip, the structures intersect progressively greater volumes of this favourable host at depth. Mineralization remains open, and follow-up drilling is planned to track the high-grade structure along strike and down-plunge, with emphasis on its intersection with the gabbro.
The remaining holes in this release tested parallel shears across Upper Antino at a range of depths, returning results consistent with the multi-zone character of the target, including 3.0 m of 6.06 g/t Au from 45.6 m in FR231 and a broad interval of 56.0 m of 0.40 g/t Au from 351.0 m, including 10.0 m of 1.10 g/t Au in drill hole FR241.
About Founders Metals Inc. Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield – the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is executing one of the most active exploration programs in the global junior gold sector and is backed by a strategic partnership with Gold Fields Limited. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname’s next major gold camp.
Intervals are down-hole depths. True widths of mineralization are unknown at this time based on currently available results and observations. All are diamond drill holes. Interval average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher-grade gold intercepts. Widths are calculated using a 0.10 g/t gold cut-off grade with <5.0 m of internal dilution of zero grade material, and a minimum composite length of 2.0 m. Intervals below 3.0 gram-metres are omitted.
Table 2: Antino Drillhole Locations
Hole ID
Easting (m)
Northing (m)
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
FR249
817396.33
401071.00
178.06
259.98
-55.31
551.00
FR241
817201.67
400975.67
154.92
245.00
-65.00
452.02
FR239
817246.33
400941.33
167.76
270.00
-65.00
392.00
FR232
817281.00
400790.00
206.18
240.00
-60.30
260.00
FR231
817193.50
400838.00
182.74
240.30
-65.20
350.00
Coordinates are reported in WGS 84 / UTM Zone 21N.
ON BEHALF OF THE BOARD OF DIRECTORS, Per: “Colin Padget” Colin Padget President, Chief Executive Officer, and Director
Contact Information Katie MacKenzie, Vice President, Corporate Development Tel: +1 604 712 1790 | katiem@fdrmetals.com
Quality Assurance and Control Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Diamond drill core is HQ diameter through oxide intervals and predominantly NQ diameter in deeper drilling. All samples are half core, split using a diamond saw Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project. Qualified Persons The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.
Cautionary Statement Regarding Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including, but not limited to, statements regarding long term value creation, the Company’s prospects, exploration plans, and anticipated drilling results. Forward-looking information can generally be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved.
Forward-looking statements are based on management’s current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company’s most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All material information on Founders Metals can be found at www.sedarplus.ca.
The issuer is solely responsible for the content of this announcement.
SHANGHAI, Aug. 6, 2026 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it will release its unaudited financial results for the second quarter ended June 30, 2026, before U.S. markets open on Thursday, August 20, 2026.
The Company will hold a conference call to discuss the financial results at 8:00 AM U.S. Eastern Time on Thursday, August 20, 2026 (8:00 PM Beijing / Hong Kong time on the same day).
Dial-in details for the earnings conference call are as follows:
Participant dial in (U.S./Canada toll free): +1-888-346-8982
Participant international dial in: +1-412-902-4272
China mainland toll free: 4001-201203
Hong Kong toll free: 800-905945
Please dial in 10 minutes before the call is scheduled to begin and ask to join the Daqo New Energy call.
A replay of the call will be available 1 hour after the conclusion of the conference call through August 27, 2026. Dial in details for the replay are as follows:
U.S./Canada toll free: +1-855-669-9658
International toll: +1-412-317-0088
Replay access code: 6672616
To access the replay through an international dial-in number, please visit the link below.
Participants will be asked to provide their name and company name upon joining the call.
About Daqo New Energy Corp. Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufacturers, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world’s lowest cost producers of high-purity polysilicon.
Secured AI Factory capacity increases by 80MW to 212MW
NEW YORK, Aug. 6, 2026 /PRNewswire/ — Sharon AI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today reported its financial and operational results for the second quarter ended June 30, 2026.
Sharon AI (NASDAQ: SHAZ)
All amounts are in U.S. dollars unless otherwise indicated.
Second Quarter 2026 Highlights
Customer Momentum
$4.9bn, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs
$950m, five-year, take-or-pay contract with a global technology company with major Asia-pacific presence
Capacity and Platform
Expanded VAST Data partnership: 600PB VAST AI Operating System deployed as the foundational data layer, sized to support ~100,000 GPUs
Balance Sheet and Capital
Well funded for the near-term build-out following the $1.6bn oversubscribed private placement, $350m convertible notes offering, and the accelerated receipt of $74m in proceeds from the divestment of Texas Critical Data Centers (“TCDC”)
Leadership and Governance
Appointed Andrew Penn AO as Non-Executive Chairman
Second Quarter 2026 Financial Results
Revenue: $1.9m, an increase of 412% from 2Q 2025
Net income (loss): $(430.4m), including non-cash items totaling $423.8m, primarily reflecting a $400.4m fair value loss on convertible notes resulting from share price appreciation, compared to a net loss of $(2.6m) in 2Q 2025.
Adjusted EBITDA1: $0.6m, compared to $(1.7m) in 2Q 2025
Cash and cash equivalents: $1.9bn at June 30, 2026
Total Contract Value (“TCV”)2: $8.8bn as of August 6, 2026
1Adjusted EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” and reconciliation tables.
2TCV represents the aggregate estimated contractual committed spend under customer contracts in effect as of the measurement date, for the contractual term. TCV is an operating metric and does not represent revenue recognized in accordance with U.S. GAAP. TCV excludes contracts that are not legally binding and is subject to change based on contract modifications, terminations, and other factors.
Management Commentary
“In the second quarter, we established the commercial, infrastructure, and capital foundations for Sharon AI’s next phase of growth at scale,” said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. “Customer engagement continues to broaden and deepen, reflecting strong demand for secure, high-performance AI infrastructure and a growing recognition that access to power, compute and data sovereignty will be critical constraints as AI adoption accelerates.
“Our focus is on converting that demand and our contracted commitments into durable revenue growth and long-term shareholder value through disciplined execution. We are on track to bring contracted capacity online in accordance with our deployment schedule, while maintaining a thoughtful approach to capital allocation and pace of expansion. Revenue is expected to ramp materially from the third quarter of 2026 through 2027. With an experienced leadership team backed by deep technical and operating expertise across the business, a best-in-class partner ecosystem and a strengthened balance sheet, we believe Sharon AI is well positioned to become a leading sovereign AI infrastructure platform across Australia, New Zealand, and the broader Asia-Pacific region.”
Subsequent Highlights
In the third quarter 2026 to-date, the Company has announced:
$1.32bn, five-year, take-or-pay contract with a global AI lab, anchoring Sharon AI’s expansion to New Zealand
Additional 80MW of capacity, bringing total capacity to 212MW, for deployment in 2026 and 2027, underpinned by a growing pipeline of additional capacity
$373m, five-year, take-or-pay contract with a global AI platform for a deployment of 2,048 NVIDIA B300 GPUs
64,000+ NVIDIA GPUs expected to be deployed by mid 2027
Anuj Goel as Chief Financial Officer and Melissa Anastasiou as Chief Legal Officer
2Q 2026 Results Conference Call & Webcast
Date & Time: Thursday, August 6, 2026, 4:30 p.m. ET Webcast: Use this link U.S. Dial-in: 888-506-0062 International Dial-in: +1-973-528-0011 Conference ID: 376509
A replay of the webcast will be available at sharonai.com/investors following the event.
About Sharon AI
Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.
Disclosure Information
Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.
Forward-Looking Statements
This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:
Service and product offerings;
Receipt and use of proceeds;
The deployment of assets and expansion of network procurement;
Sharon AI’s ability to engage with additional potential customers;
Expansion of Sharon AI’s data center footprint and capacity; and
The strengthening of Sharon AI’s partner network.
In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.
The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Non–GAAP Financial Measures
This press release includes “Adjusted EBITDA,” which is a non–GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) adjusted to exclude: (i) interest expense (income), net; (ii) income tax expense (benefit); (iii) depreciation and amortization; (iv) stock-based compensation expense; (v) fair value adjustments on convertible notes; and (vi) other non-cash or non-recurring items that management does not consider indicative of the Company’s ongoing operating performance. Adjusted EBITDA is not a substitute for net income (loss) or any other measure of financial performance prepared in accordance with U.S. GAAP and may not be comparable to similarly titled measures used by other companies. Management believes Adjusted EBITDA is useful to investors because it provides a supplemental measure of the Company’s core operating performance by excluding the effects of capital structure decisions (such as interest expense and fair value changes on convertible notes), non-cash charges (such as depreciation, amortization and stock-based compensation), and tax impacts that can vary significantly between periods and across companies. Management uses Adjusted EBITDA to evaluate the Company’s performance, compare performance across periods, and assist in the allocation of resources. Investors are cautioned that Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under U.S. GAAP.
A reconciliation of Adjusted EBITDA to the most directly comparable U.S. GAAP financial measure is included in the tables accompanying this press release. To the extent the Company provides forward-looking Adjusted EBITDA guidance in connection with this release or the related earnings call, a reconciliation of such forward-looking non-GAAP measure to the most directly comparable U.S. GAAP measure may not be available without unreasonable effort due to the inherent difficulty in forecasting and quantifying certain amounts, including but not limited to fair value adjustments on convertible notes, stock-based compensation expense, and other non-cash or non-recurring items, the timing and magnitude of which may be significant.
Common Stock- Class A ($0.001 par value, 900,000,000 shares authorized; 35,667,164 and 11,832,164 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively)
3,567
1,183
Common Stock- Class B ($0.0001 par value, 6,891,948 shares authorized; 136,341 shares issued and outstanding as of June 30, 2026 and December 31, 2025)
14
14
Common Stock, value
14
14
Additional paid-in capital
1,624,995,090
33,861,613
Accumulated deficit
(491,747,880)
(43,529,190)
Accumulated other comprehensive loss
(3,418,013)
(372,992)
Noncontrolling interest
(2,285,399)
(108,885)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)
1,127,547,379
(10,148,257)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
$
2,321,338,209
$
133,140,150
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
2026
2025
2026
2025
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2026
2025
2026
2025
Revenue
$
1,931,381
$
376,984
$
2,225,396
$
702,077
Cost of revenue
761,755
398,266
1,287,572
711,648
Gross profit (loss)
1,169,626
(21,282)
937,824
(9,571)
Share-based compensation
2,670,588
489,345
3,052,746
956,968
Selling, general and administrative expenses
8,685,424
1,083,093
12,700,643
2,090,523
Other expenses
14,597,792
1,169,712
12,787,838
1,676,132
Other income
–
(153,199)
–
(961,713)
Loss from operations
(24,784,178)
(2,610,233)
(27,603,403)
(3,771,481)
Non-operating income (expense), net:
Change in fair value of digital assets
–
(62,657)
–
(391,090)
Change in fair value of warrant liabilities
(6,138,775)
–
(5,255,450)
–
Change in fair value of convertible notes
(400,440,855)
–
(470,668,608)
–
Change in fair value of share-based payment
334,502
–
334,502
–
Gain on investment in NUAI shares
6,493,245
–
4,984,130
–
Gain on sale of investment in TCDC
856
–
65,920,568
–
Interest income (expense), net
(4,527,540)
(43,521)
(3,267,654)
(55,912)
Loss before income taxes
(429,062,745)
(2,716,411)
(435,555,915)
(4,218,483)
Income tax (expense) benefit
(1,305,951)
127,579
(14,824,603)
190,161
Net loss
(430,368,696)
(2,588,832)
(450,380,518)
(4,028,322)
Net loss attributable to non-controlling interest
(2,065,770)
(12,426)
(2,161,826)
(19,336)
Net loss attributable to SharonAI Holdings Inc.
$
(428,302,926)
$
(2,576,406)
$
(448,218,692)
$
(4,008,986)
Net loss per share, basic and diluted
$
(26.16)
$
(2.41)
$
(27.38)
$
(3.76)
Weighted-average number of shares outstanding
16,370,481
1,067,213
16,370,481
1,067,213
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
2026
2025
For the Six Months Ended
June 30,
2026
2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period, including noncontrolling interest
$
(450,380,518)
$
(4,028,322)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation
3,199,299
803,955
Share based compensation
3,052,746
956,968
Change in fair value of digital assets
–
391,090
Intangible assets (FIL) revenue
–
(130,154)
Intangible assets (FIL) cost of revenue
–
138,070
Accelerated amortization of Intangible assets
–
1,650,000
Deferred tax liability
–
89,050
Unrealized (gains) losses on foreign currency exchange
11,122,667
(731,755)
Change in fair value of warrant liability
5,255,450
–
Change in fair value of convertible notes
470,668,608
–
Gain (loss) on investment in NUAI shares
(4,984,130)
–
Gain on sale of investment in TCDC
(65,920,568)
–
Interest income on convertible note receivable
(1,342,466)
–
Gain on sale of property and equipment
–
(961,713)
Bad debt expense
–
76,748
Changes in assets and liabilities:
Trade and other receivables
(26,712,905)
932,259
Customer deposits
143,879,911
–
Other current assets
(95,762,765)
(24,689)
Other long-term assets
(2,212,252)
9,355
Trade and other payables
24,231,858
(879,313)
Income tax payable
7,803,779
–
Interest received from convertible note receivable
1,342,466
–
Net cash provided by (used in) operating activities
23,241,180
(1,708,451)
CASH FLOWS FROM INVESTING ACTIVITIES
Advance payments for property and equipment
(310,665,524)
–
Purchase of certificates of deposit
(11,804,654)
–
Payment for the purchase of property and equipment
(12,541,952)
(37,343)
Payment for land purchase
(3,136,000)
–
Cash proceeds from sale of TCDC investment
9,850,000
–
Proceeds from sale of NUAI Shares
14,984,130
–
Proceeds from convertible note receivable
50,000,000
–
Proceeds from sales of digital assets
–
93,051
Net cash provided by (used in) investing activities
(263,314,000)
55,708
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock
586,858,433
–
Cash received from convertible note issuance
1,065,636,015
–
Issuance costs related to capital raise
(43,500,602)
–
Proceeds from exercise of warrants
370
–
Proceeds from issuance of pre-funded warrants
438,141,548
–
Payment for lease liabilities
(712,210)
(284,491)
Repayment of note payable
(2,249,124)
–
Net cash provided by (used in) financing activities
2,044,174,430
(284,491)
Effect of exchange rate changes on cash and cash equivalents
(13,826,812)
(81,793)
Net cash increase/(decreases) in cash and cash equivalents
1,790,274,798
(2,019,027)
Cash and cash equivalents at beginning of period
71,073,024
4,424,805
Cash and cash equivalents at end of period
$
1,861,347,822
$
2,405,778
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (Unaudited)
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Anchored by the TIGER framework, CUHK leaps toward new heights of academic excellence and global impact
HONG KONG SAR – Media OutReach Newswire – 6 August 2026 – The Chinese University of Hong Kong (CUHK) today (6 August) unveiled its new five-year strategic plan, titled “CUHK 2026–2030: Leaping to Greatness” (the “CUHK 2026-2030“), outlining the University’s development priorities and strategic direction for the next five years. With the ambition to create greater impact on humanity and global communities, CUHK adheres to its vision of becoming a first-class comprehensive research university whose scholarly output, bilingual and multicultural education, and community contributions consistently meet global standards of excellence. As a publicly funded university, CUHK will leverage its strengths in talent cultivation, knowledge innovation and global engagement to contribute to the development of China and the Hong Kong SAR in alignment with priorities in the national 15th Five-Year Plan and the city’s first five-year planning.
CUHK hosts a media luncheon to launch its five-year strategic plan. (From left) Professor Dennis Lo Yuk-ming and Professor John Chai Yat-chiu
The “TIGER” action framework of CUHK 2026–2030 forms five interconnected strategic directions. It reflects a united, well-coordinated and actionable commitment from the entire University to progressively realise our vision of “Leaping to Greatness” that symbolises CUHK’s continued evolution to pursue purpose-driven excellence, impact-oriented outcomes and lasting societal contributions with innovation, rigour and responsibility.
The five interconnected strategic pillars in CUHK 2026–2030 include:
T – Talent Attraction and Development
I – Institutional Development
G – Global and Alumni Engagement
E – Education and Student Experience
R – Research and Innovation
Embracing the new vision with agility characterised in the spirit of a tiger
In his remarks, Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, said: “The five key areas of the Strategic Plan form the ‘TIGER’ action framework that embodies courage, agility and drive, underscoring CUHK’s development vision which will be realised through precise planning and rigorous execution. CUHK will continue to drive breakthroughs in life and health sciences, artificial intelligence (AI), quantum science and other frontier fields, and participate in national scientific research initiatives, leveraging Hong Kong’s unique advantages and position as China’s most international city, with an aim of cultivating world-class talent and new knowledge that benefit the world.”
Aligning with the strategic planning of China and the Hong Kong SAR
Professor Lo said: “CUHK 2026–2030is the first five-year strategic plan formulated since I assumed office in 2025. It marks a major milestone in the University’s development in timely alignment with the five-year planning of China and the Hong Kong SAR. At a time of profound global transformation, technological advances are reshaping the world and redefining the role of universities in society. CUHK has joined the world’s top 20 for the first time in the latest Quacquarelli Symonds (QS) World University Rankings, rising to the 18th place. This is a testament to the University’s progress in the past 63 years signifying our global academic influence.”
ProfessorJohn Chai Yat-chiu, Chairman of the CUHK Council; Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, Professor Isabella Poon Wai-yin, Provost of CUHK, Professor Anthony Chan Tak-cheung, Pro-Vice-Chancellor (Alumni / Community Engagement & Institutional Advancement), Professor Jiang Liwen, Pro-Vice-Chancellor (Research & External Affairs) and Mr Albert Chow Hing-pong, Vice-President (Administration), together with other members of the University’s senior management, attended the media luncheon today to mark the official launch.
Creating value to benefit humanity
Professor Isabella Poon Wai-yin, Provost of CUHK, introduced the University’s priority areas and said: “In face of global challenges such as the AI revolution, sustainable development and climate change, universities carry an unprecedentedly vital mission. A truly impactful university does not merely respond to the present needs of the era, but will also actively shape the direction of our future. Through interdisciplinary, cross-regional and cross-sector collaborations, we aim to translate CUHK’s deep academic foundation, unique collegiate system and global network into a driving force for social progress and innovation.”
Team spirit of CUHK leadership in co-creating the development blueprint
The formulation of CUHK 2026–2030 was a year-long collaborative effort overseen by the Strategic Plan Steering Committee chaired by Professor Lo with support from the senior management team and consultation from the broad CUHK community, from conceptualisation, drafting to visual design. This multi-faceted collaboration fully demonstrates the team spirit of the CUHK community in propelling the University toward a new chapter. The visual design of the Strategic Plan agenda features circular lines and patterns representing the letters “C” and “U” for CUHK. The concentric-circle motif also symbolises CUHK members coming together like concentric circles, uniting their strengths to work towards common goals. The visual palette centres on the university colours of purple and gold, representing passion and loyalty (purple), alongside perseverance and resolve (gold). For details of the Strategic Plan, please refer to https://www.cuhk2030.cuhk.edu.hk.
The visual design of the Strategic Plan agenda features circular lines and patterns representing the letters
Key Initiatives
Establishing the 10th College for postgraduates
CUHK will establish a postgraduate college as its 10th college. This initiative will extend the University’s long-standing collegiate system to the postgraduate community, creating a vibrant, international environment for cross-disciplinary dialogue, holistic development and lifelong networking.
In addition, CUHK will develop flagship international undergraduate programmes and signature schemes embedding innovation, entrepreneurship and concepts of sustainability into the curriculum. It will also strengthen industry-academia collaboration and knowledge transfer to attract and nurture outstanding local and international innovative talents. CUHK will also revitalise its General Education curriculum with national and global perspectives. Moreover, the University will strengthen collaboration with CUHK-Shenzhen and other institutions in the GBA and expand opportunities for exchange and internships abroad to support students’ holistic development and lifelong learning.
Attracting global talent and expanding international impact
CUHK will leverage its strengths as an international research university to attract outstanding students, scholars and researchers from around the world, fostering a diverse and inclusive academic community. Currently, approximately 56% of CUHK’s professors come from outside Hong Kong while the University achieved a perfect score in the QS international faculty ratio indicator, demonstrating its success in attracting top academic talent globally.
This year, applications from non-local students increased by about 20% compared with last year. Applications from regions outside the Chinese Mainland rose even more significantly, by 75%, with most applicants coming from Southeast Asia and the Middle East, reflecting CUHK’s growing international appeal. To attract exceptional students, CUHK launched the Fenghuang Scholarship this year. The scholarship offers outstanding students who achieve excellent results in local and overseas public examinations financial support, together with overseas exchange opportunities. Through this initiative, the University aims to attract high-calibre young talent and nurture future leaders with a global vision, innovative capabilities and a strong sense of social responsibility.
Driving interdisciplinary research to address global challenges
CUHK will seize opportunities arising from the Northern Metropolis, the Hetao Cooperation Zone and the Guangdong-Hong Kong-Macao Greater Bay Area, while focusing on frontier fields including life and health technologies, AI, quantum science and green technology. The University will further integrate into the national research and innovation ecosystem and actively participate in major scientific initiatives spanning space, polar research and deep-sea studies, fostering comprehensive development from Antarctic expeditions and space missions to the translation of world-class innovations.
In recent years, CUHK has been actively demonstrating its research excellence. Notable achievements include the successful launch of CUHK Sat-1, the world’s first AI satellite dedicated to urban sustainable development, and leading the development of the laser heterodyne spectrometer selected for the nation’s Tianwen-3 Mars exploration mission. These accomplishments underscore the University’s pivotal role in supporting national strategic science and technology development. Furthermore, the Hong Kong Centre for Logistics Robotics, an InnoHK centre established by CUHK, founded Hong Kong’s first full-stack embodied intelligence laboratory in 2026 to drive frontier technologies in embodied AI and robotics, further consolidating Hong Kong’s position as an international innovation and technology hub.
The issuer is solely responsible for the content of this announcement.
About The Chinese University of Hong Kong
Founded in 1963, The Chinese University of Hong Kong (CUHK) is a leading comprehensive research university with a global reputation and world-leading rankings. Located in the heart of Asia, CUHK has a vision and a mission to combine tradition with modernity, and to bring together China and the West. Under the University’s unique collegiate system, the programmes and activities offered by its nine colleges complement the formal curricula by delivering whole-person education and pastoral care. The University has eight faculties: Arts, Business Administration, Education, Engineering, Law, Medicine, Science, and Social Science. Together with the Graduate School, the University offers over 300 undergraduate and postgraduate programmes. All faculties are actively engaged in research in a wide range of disciplines, with an array of research institutes and research centres specialising in interdisciplinary research of the highest quality.
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