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AUTOCRYPT Launches Security Fuzzer in Japan through Distributor Agreement with Hitachi Solutions

TOKYO, Feb. 10, 2025 /PRNewswire/ — AUTOCRYPT, award-winning vehicle testing solutions provider, and Hitachi Solutions, Ltd., IT solutions provider, announced a distribution agreement, bringing AutoCrypt Security Fuzzer to the Japanese market starting January 22, 2025. This marks the first domestic availability of the globally recognized Security Fuzzer in Japan.

This adds to the two companies’ existing partnership agreement, as AUTOCRYPT currently offers its V2X security solution with the option of integrating its security library with Hitachi Solution’s Vehicle-to-Everything (V2X) Middleware Platform. The new agreement continues to align with Hitachi Solutions’ commitment to delivering advanced cybersecurity tools, as well as AUTOCRYPT’s expertise in developing cutting-edge, optimized testing technologies to the automotive industry.

AutoCrypt Security Fuzzer was designed specifically for in-vehicle software development and testing, and boasts automated test case generation, generating over one million test cases based on ISO 14229-1:2020, supporting all 26 Service Identifiers (SIDs) defined in the Unified Diagnostic Service (UDS) protocol). AutoCrypt Security Fuzzer also provides continuous automated execution for individual ECUs or integrated systems, optimizing the testing process. Users receive comprehensive key test results, with summaries and visualizations of major outcomes, enabling developers to quickly review and re-execute to address detected vulnerabilities.

“We are delighted to work together with Hitachi Solutions to bring our fuzzing solution to the Japanese market,” said Duksoo Kim, CEO and co-Founder of AUTOCRYPT. “As the industry embraces SDVs, there is mounting pressure for manufacturers and suppliers to meet standards and regulations, and our tool offers support so there is no interruption in the compliance process. We are confident that AutoCrypt Security Fuzzer will address the current challenges in the automotive cybersecurity landscape, and contribute to safer, more reliable automotive software.”

The official distributorship agreement in Japan through Hitachi Solutions will enable Japanese manufacturers and suppliers to adopt a comprehensive, effective approach to cybersecurity testing, streamlining compliance with international standards, including ISO/SAE 21434.

About Autocrypt Co., Ltd.

AUTOCRYPT is the leading player in automotive cybersecurity and smart mobility technologies. It specializes in the development and integration of security software and solutions for in-vehicle systems, V2X communications, Plug&Charge, and fleet management, paving the way towards a secure and reliable C-ITS ecosystem in the age of software-defined vehicles. Its comprehensive suite of automotive cybersecurity testing services and platforms includes the award-winning AutoCrypt CSTP, which supports automotive OEMs and suppliers in meeting regulatory standards ilke ISO/SAE 21434, UNECE WP.29 UN R155, as well as other emerging global standards.

About Hitachi Solutions, Ltd.

Hitachi Solutions is a core IT company of the Hitachi Group. They deliver products and services of superior value to customers worldwide through key subsidiaries in Asia, the United States and Europe. Hitachi Solutions has also been providing a variety of solutions globally using cutting-edge digital technologies based on collaborative creation with customers. Together with our partners around the world, they are accelerating Sustainability Transformation (SX) to solve the challenges facing society and business, and contribute to the realisation of a happy society where no one is left behind.

Lichen China Limited Acquires Remaining Equity in Bondly Enterprises to Strengthen AI Development and Business Integration

XIAMEN, China, Feb. 10, 2025 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”) (NASDAQ: LICN), a leading financial and taxation service provider in China, today announced the completion of its acquisition of the remaining 40% equity interest in Bondly Enterprises Limited (“Bondly”), a prominent domestic consulting firm specializing in business process management and informationization. This acquisition follows Lichen China’s initial purchase of 60% equity in Bondly in 2024, and marks a significant step in Lichen China’s strategy to fully integrate Bondly’s advanced technologies and AI capabilities into its operations.

The acquisition, valued at US$5,330,000, underscores Lichen China’s commitment to strengthening its foothold in the AI and technology sectors. By acquiring the remaining 40% equity, Lichen China aims to gain full control over Bondly’s cutting-edge technologies and highly skilled team, which are critical to the Company’s future growth and innovation in AI-driven solutions.

Bondly, founded by Mr. Zisu Zhou, a seasoned expert with 18 years of experience in process management and information development, has established itself as a leader in business process management and digital transformation. The company’s proprietary AWS BPM system enables seamless integration across applications, departments, and business environments, enhancing operational efficiency, transparency, and agility for its clients. Bondly’s expertise in AI development and its strong client base across various industries make it a valuable asset for Lichen China’s expansion in the AI sector.

Mr. Ya Li, Chairman and CEO of Lichen China, commented on the acquisition, “The acquisition of the remaining 40% equity in Bondly is a strategic move that allows us to fully leverage Bondly’s technological expertise and AI capabilities. This transaction not only strengthens our control over Bondly’s operations but also positions us to accelerate the development of our AI-driven solutions, particularly our flagship product, the Lichen AI Robot. We believe that Bondly’s core technologies and talented team will play a pivotal role in our future growth and innovation.”

With the completion of this transaction, Bondly becomes a wholly-owned subsidiary of Lichen China, enabling deeper integration of Bondly’s technologies and services into Lichen China’s existing offerings. The synergies between the two companies are expected to drive significant revenue growth and enhance Lichen China’s competitive edge in the financial, taxation, and AI sectors.

About Lichen China Limited

Lichen China Limited is a leading provider of financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. With over 18 years of expertise in the financial and taxation services industry, the Company has built a strong reputation for delivering professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s expectations regarding the integration of Bondly’s technologies and the potential growth in AI-driven solutions. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. 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 other filings with the SEC.

For investor and media inquiries, please contact:

Tian Sun
Phone: +86-592-5586999
Email: ir@lichenzx.com

Leading Technology Companies and Foundations Back New Initiative to Provide Free, Open-Source Tools for a Safer Internet in the AI Era

Unveiled at the French AI Action Summit, ROOST equips builders with scalable solutions to promote AI safety and help protect young people in the digital age 

PARIS, Feb. 10, 2025 /PRNewswire/ — Today, the Robust Open Online Safety Tools (ROOST) initiative launched at the Artificial Intelligence Action Summit in Paris. Incubated at the Institute of Global Politics at Columbia University’s School of International and Public Affairs, ROOST is a new non-profit organization that brings together the expertise, resources, and investments of major technology companies and philanthropies to build scalable, interoperable safety infrastructure suited for the AI era. ROOST’s founding partners include Eric Schmidt, Discord, OpenAI, Google, Roblox, John S. and James L. Knight Foundation, AI Collaborative, Patrick J. McGovern Foundation and Project Liberty Institute. ROOST also benefits from the support and expertise of a wide set of partners from the fields of AI, philanthropy, academia, open source, child safety, and countering violent extremism.

Amongst the major announcements of the French AI Action Summit, ROOST addresses an important gap in digital safety—especially online child safety—by providing free, open-source safety tools to public and private organizations of all sizes across the globe. 

As innovative technologies continue to evolve, so too does the online safety landscape. Generative AI reshapes the online environment, increasing the need for reliable and accessible safety infrastructure. ROOST will offer free, open-source, and easy-to-use tools to detect, review, and report child sexual abuse material (CSAM); leverage large language models (LLMs) to power safety infrastructure; and make core safety technologies more accessible and more user friendly. With dedicated technical teams providing hands-on support, ROOST will meet organizations where they are, helping them integrate robust safety measures while continuing to innovate.  

ROOST alleviates the need for organizations to reinvent the wheel by building tools that already exist, empowering them—especially smaller companies and public interest organizations—to focus on growing their platforms or services while also promoting safety for online users. 

To date, ROOST has raised more than $27 million for its first four years of operations from a range of leading philanthropies and top technology companies. ROOST aims to accelerate its growth and expand its offerings to as many organizations as possible. 

Eric Schmidt, Founding Partner of ROOST and Chair of the Special Competitive Studies Project, said: “Robust Open Online Safety Tools, known as ROOST, addresses a critical need to accelerate innovation in online child safety and AI by providing small companies and nonprofits access to technologies they currently lack. Starting with a platform focused on child protection, ROOST’s collaborative, open-source approach will foster innovation and make essential infrastructure more transparent, accessible, and inclusive, with the goal of creating a safer internet for everyone.”

Camille François, President of ROOST and Professor at Columbia University, said: “ROOST ushers in a new era of collaborative safety innovation. By making robust safety tools accessible to all through open source, we’re creating a more pluralistic and secure digital future in the age of AI. We thank our founding partners and supporting partners for their invaluable contributions to this mission.”

Clint Smith, Board Chair of ROOST and Discord’s Chief Legal Officer, said: “At Discord, we believe that safety is a common good. We’re committed to making the entire internet – not just Discord – a better and safer place, especially for young people. While safety is integrated into every aspect of our work at Discord, we also know that continued industry collaboration is essential. We are proud to be a founding partner of ROOST, to work together with other leaders in the industry, and to contribute our innovative safety tooling to foster a safer internet for all.” 

Media Contact 

Brunswick Group
Claire Thomas-Daoulas | +33 7 89 00 88 70
Celia de Pentheny O’Kelly | +1 415 774 6246
ROOST@brunswickgroup.com 

Permascand and Magneto Special Anodes merge to create a global leader in the advanced electrochemical sector – David Ekberg joins as CEO of the new company

LJUNGAVERK, Sweden, Feb. 10, 2025 /PRNewswire/ — Swedish-based Permascand, owned by Altor, has merged with Magneto Special Anodes to form a global leader in catalytic coatings and electrodes for premium segment customers. Magneto Special Anodes, formerly a brand of global water solutions company Xylem Inc. (NYSE:XYL), has production facilities in the Netherlands and in China.

Permascand and Magneto Special Anodes have technological leadership in electrochemical catalytic coatings and electrodes. Today they serve complementary customer segments. The ambition is to continue to grow within existing segments, but also to deploy the strong technology expertise into new segments. One opportunity is green hydrogen, which will play a crucial role in the green transition of industry.

David Ekberg has been appointed as CEO of the new company, joining immediately. He is an experienced leader with previous roles in Stora Enso, Climeon and Ericsson.

“This combination marks the start of a new chapter for both Permascand and Magneto, and for me an excellent opportunity to come onboard as CEO. The two leading companies have the potential to play an even more important role in addressing crucial needs for the green transition. We have received incredible support from Altor in making this next phase come true. With their continued backing, we will leverage their long heritage of helping industrial companies scale”, says David Ekberg, CEO of Permascand and Magneto Special Anodes.

David Ekberg has an entrepreneurial mindset and extensive experience from working globally, driving growth and innovation. Under his leadership, we embark on a growth journey for the new company, aiming to serve existing and new customers with our leading products and solutions.  I am very pleased to see him take on this new role,” says Annica Bresky, Chair of the Board of directors of Permascand.

The transaction has been closed. The parties have agreed not to share further details regarding the transaction. In the short term both entities will continue to operate under their existing names.

Contact:
Helena Winje,
Helena.winje@lumoadvice.com,
+46-702 049485

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

Yiwu, the “World’s Marketplace,” Reopens Amidst Festive Celebrations and Global Spotlight

YIWU, China, Feb. 10, 2025 /PRNewswire/ — As industries across China resume operations, the Yiwu Small Commodities Market celebrated its grand reopening on February 9, marking the 12th day of the Lunar New Year with lively festivities and strong business optimism. The market’s revival attracted a surge of international buyers eager to replenish their inventories, signaling a solid start to the year. 

Yiwu, the
Yiwu, the “World’s Marketplace,” Reopens Amidst Festive Celebrations and Global Spotlight

The sprawling Yiwu International Trade City, encompassing Zones 1 to 5, together with the Huangyuan Clothing Market and Yixi Production Materials Market, came alive with traditional decorations and cultural performances. Dragon and lion dances energized the atmosphere as local officials from Jinhua and Yiwu Municipal Committees distributed Spring Festival couplets, “Fu” characters, and red envelopes, traditional Chinese New Year gifts symbolizing luck and prosperity, to merchants, expressing hopes for a prosperous 2025. The celebrations reached a global audience through Chinagoods, the official Yiwu Small Commodities Market platform, which livestreamed the event, offering digital red envelopes and blessings. The broadcast attracted significant international attention, amassing 1.365 million views and interactions worldwide.

75,000 Shops Usher in Spring with a Hopeful New Beginning

The Yiwu International Trade City buzzed with activity as 75,000 shops opened their doors early to welcome customers and embrace the promise of a prosperous new year. Storefronts were adorned with festive decorations, including Spring Festival couplets, red lanterns, and Chinese knots, creating a vibrant atmosphere filled with optimism rooted in tradition. Businesses proudly displayed the blessings and couplets gifted by local officials, heralding an auspicious start to the year.

Merchants expressed confidence in the year ahead. Chen Meijun, owner of Litian Toys in Zone 1, reported receiving online orders during the holiday and is preparing to ramp up factory production, anticipating a 10% growth compared to 2024. Sun Min, a cosmetics business owner, proactively reached out to clients ahead of the reopening. “I informed my customers about today’s opening and shared the livestream link with those who couldn’t attend in person,” she said. “It’s a great way to build excitement and reconnect with buyers.” 

Global Buyers Converge on Yiwu for New Year Shopping Spree

The reopening of the Yiwu Market has drawn a wave of international buyers eager to secure new products and reengage with suppliers. During the market’s closure, many turned to the Chinagoods platform to source goods and maintain supplier relationships. With the market now open, buyers are seizing the opportunity to inspect samples in person and finalize orders, ensuring productive visits. 

The market was bustling with activity as buyers explored stalls, meticulously selecting products. A daily necessities buyer from Guangdong who only gave his surname as Chen, noted, “I visit Yiwu every year for the New Year opening. The product variety and competitive prices are unmatched. This year, I’m focusing on new items to stock my store, and I’m confident they’ll resonate with consumers and drive strong profits.” 

International buyers also flocked to the market, aiming to secure high-quality goods to meet overseas demand. A London-based buyer who goes by Chris and has a significant TikTok following, shared: “I’ve been sourcing from Yiwu for a decade, purchasing around 100 containers annually—everything from jewelry and toys to bags and hardware. This year, I was impressed by the new offerings and plan to take back a fresh batch.”

Buyers expressed optimism about the market’s recovery and the resurgence of consumer demand, with many planning to increase purchase volumes and expand their product ranges. The renewed confidence signals a promising year ahead for Yiwu and its global business community. 

Yiwu International Trade Market Sustains its Thriving Momentum

The New Year opening of the Yiwu Market has set the stage for another year of growth and innovation. Vendors are launching promotional campaigns and introducing unique products, while buyers are gaining access to enhanced supply chains. The reopening has also catalyzed growth in ancillary industries, including logistics, hospitality, and tourism, creating a ripple effect that benefits the broader economy. 

For over 40 years, the Yiwu Market has solidified its reputation as the “World’s Capital of Small Commodities.” Boasting 26 major categories and 75,000 stalls, the market is meticulously organized into specialized zones. Its extensive industrial clusters offer more than 12 millions SKU, providing buyers worldwide with unparalleled variety and quality. 

Canadian Solar’s e-STORAGE to Deliver 960 MWh of Energy Storage Systems for Copenhagen Infrastructure Partners in Australia

KITCHENER, ON, Feb. 10, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has signed a contract with Copenhagen Infrastructure Partners (“CIP”) through its fifth flagship fund Copenhagen Infrastructure V to deliver 240 MW/960 MWh battery energy storage systems in Summerfield, South Australia. Summerfield, expected to start construction in 2025, will be one of South Australia’s largest battery energy storage projects.

e-STORAGE, a tier 1 global provider of energy storage solutions, will provide turnkey EPC services, supplying and integrating over 200 SolBank 3.0 battery containers. e-STORAGE will also support the long-term performance and operational management of the projects under a long-term service agreement with CIP. e-STORAGE has a strong and experienced project delivery team in Australia, with several BESS projects already delivered or under construction.

Located in Murraylands, 55 kilometers east of Adelaide near Mannum, the project will support the South Australian Government’s target of 100% net renewable energy by 2027 by storing excess wind and solar energy generated during the day and supplying renewable power during peak demand periods.

Jørn Hammer, Partner and Head of Copenhagen Infrastructure Partners (CIP) Australia, said,

“This is a significant milestone for the Summerfield project and CIP’s broader renewable energy pipeline in Australia. Australia needs large-scale battery energy storage solutions to stabilize the grid and deliver affordable power to homes and businesses when needed most. We are proud to work with Canadian Solar’s e-STORAGE to support the South Australian Government’s 100% renewable energy ambitions.”

Colin Parkin, President of e-STORAGE, added, “We are honored to be selected by Copenhagen Infrastructure Partners (CIP) for the Summerfield project, a testament to e-STORAGE’s proprietary cutting-edge battery technology and our strong execution capabilities. This project will make a significant contribution to South Australia’s target of 100% renewable electricity generation by 2027. With over 1.5 GWh of BESS under construction in Australia, e-STORAGE continues to establish itself as a leading product and service supplier in the region.”

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Ontario, Canada, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 23 years, Canadian Solar has successfully delivered around 142 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 8 GWh of battery energy storage solutions to global markets as of September 30, 2024, boasting a US$3.2 billion contracted backlog as of November 30, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11 GWp of solar power projects and 3.7 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 26 GWp of solar and 66 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About e-STORAGE

e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual battery production capacity of 20 GWh. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages 12 funds and has to date raised approximately EUR 31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors. CIP has approximately 500 employees and 14 offices around the world. For more information, visit www.cip.com.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com

e-STORAGE MEDIA CONTACT
Simona Marginean
e-STORAGE Marketing Manager
simona.marginean@csestorage.com

CIP MEDIA CONTACT
Sophie Fitzpatrick
Vice President, Public Affairs
sfit@cisc.dk

Mirae Asset Expands AI-Themed ETF Offerings with Launch of Global X AI Infrastructure ETF

The new Global X AI Infrastructure ETF (3401) brings Mirae Asset’s AI-themed lineup to six products, offering both active and passive strategies for comprehensive investment solutions.

HONG KONG, Feb. 10, 2025 /PRNewswire/ — Mirae Asset Global Investments (Hong Kong) Limited, (the “Firm” or “Mirae Asset”) today announced the launch of its new Global X AI Infrastructure ETF (3401). The fund, which begins trading on the Hong Kong Stock Exchange (“HKEX”) today, offers investors targeted exposure to companies driving the development of AI infrastructure, providing a unique opportunity to capitalize on the sector’s growth potential.

The rapid advancement of artificial intelligence is driving the industry into a new era, with growing emphasis on the infrastructure needed to support its expansion. Key areas include data centres and the energy systems needed to power them—critical components forming the backbone of AI innovation. According to ABI Research, the number of public data centres globally is projected to surpass 6,000 by the end of 2025 and exceed 8,000 by 2030.[1] Additionally, the U.S. government recently announced the Stargate Project, a USD500 billion initiative aimed at accelerating AI infrastructure development in the United States. As a result, AI infrastructure remains a key growth story within the broader AI industry.

AI infrastructure relies on multiple interconnected systems, including energy supply, thermal management, and network operations. The Global X AI Infrastructure ETF (3401) focuses on companies supporting energy infrastructure, data centre operations, and raw material sourcing. Through a single trade, the Fund enables investors to access diverse segments of AI infrastructure, positioning them to benefit from the sector’s rapid growth and innovation.

Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said: ” We are pleased to launch this ETF to enhance our AI-themed product lineup. Mirae Asset remains committed to innovation, delivering unique and forward-thinking investment solutions to the Hong Kong market.”

The Global X AI Infrastructure ETF (3401) tracks the Mirae Asset AI Infrastructure V2 Index. With this new ETF, the Firm now offers a total of 36 ETFs listed in Hong Kong, including 6 AI-themed ETFs, spanning a diverse array of investment capabilities from thematic growth, income, core to commodities.

About Mirae Asset Global Investments Group

Mirae Asset Global Investments Group (the “group”) is an asset management organization with over US$256 billion in assets under management as of December 31, 2024[2]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds (“ETFs”), and alternatives. Operating out of 25 offices worldwide, the group has a global team of more than 1,000 employees, including more than 280 investment professionals.

The group’s global ETF platform features a line-up of 629 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.[3] The group’s ETFs have combined assets under management of US$137 billion and are listed in Australia, Canada, Colombia, Hong Kong, India, Japan, Korea, Vietnam, the EU, and the United States.[4]

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features 400 ETF strategies and over $90 billion in assets under management.[5] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 19 global markets and the group’s managed assets exceed US$632 billion in assets under management worldwide.[6]

Mirae Asset Global Investments Hong Kong: https://www.am.miraeasset.com.hk/ 
Global X ETFs Hong Kong:  www.globalxetfs.com.hk

Important Information

Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

  • Global X AI Infrastructure ETF (the “Fund”)’s investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the Mirae Asset AI Infrastructure V2 Index (the “Index”).
  • The Fund will primarily use a physical full replication strategy through investing directly in constituent stocks of the Index in substantially the same weightings in which they are included in the Index (the “Replication Strategy”). The Fund may invest in securities (including common stocks and depositary receipts) listed in United States, Canada, Australia, Hong Kong, Mainland China, Taiwan, South Korea, Japan and developed or emerging market countries in Europe.
  • Where the adoption of the Replication Strategy is not efficient or practicable or where the Manager considers appropriate in its absolute discretion, the Manager may pursue a representative sampling strategy and hold a representative sample of the constituent securities of the Index selected by the Manager using rule-based quantitative analytical models to derive a portfolio sample (the “Representative Sampling Strategy”).
  • The Index is a new index. The Index has minimal operating history by which investors can evaluate its previous performance. There can be no assurance as to the performance of the Index. The Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history.
  • Due to the concentration of the Index in the artificial intelligence infrastructure sector, the performance of the Index may be more volatile when compared to other broad-based stock indices. The price volatility of the Fund may be greater than the price volatility of exchange traded funds tracking more broad-based indices.
  • The Fund’s investments in companies in the artificial intelligence infrastructure sector are likely to be affected by economic, political or regulatory development in the relevant sector. The Fund invests in companies that are involved in the business operations in mining and refining raw materials or in providing energy sources for energy or data centre infrastructure, which may particularly be affected by the intense competition in such industry, the development of alternative sources of energy and the increasing demand for energy conservation. The Fund invests in Infrastructure-related companies that are subject to a variety of factors that may adversely affect their business such as high interest costs in connection with capital-intensive construction projects, difficulty in raising capital in adequate amounts on reasonable terms in periods of high inflation and unsettled capital markets, and changes in environmental and other regulations. All of these may have an adverse impact on the value of the Fund’s investments.
  • The base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • The borrower may fail to return the securities in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from redemption requests. As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund.
  • The trading price of the Shares on the SEHK is driven by market factors such as the demand and supply of the Shares. Therefore, the Shares may trade at a substantial premium or discount to the Fund’s Net Asset Value.
  • Payments of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction in the Net Asset Value per Share of the Fund and will reduce the capital available for future investment.

Disclaimer

This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.

Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.

Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.

Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited (“MAGIHK”) are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.

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Copyright © 2025 Mirae Asset Global Investments. All rights reserved.

[1] Source: ABI Research, July 16, 2024.

[2] Source: Mirae Asset Global Investments, December 31, 2024.

[3] Source: Mirae Asset Global Investments, December 31, 2024.

[4] Source: Mirae Asset Global Investments, December 31, 2024.

[5] Source: Mirae Asset Global Investments, December 31, 2024.

[6] Source: Mirae Asset Financial Group, September 30, 2024.

 

UBTECH Showcases its Latest Humanoid Robots and Solutions at LEAP 2025

RIYADH, Saudi Arabia, Feb. 10, 2025 /PRNewswire/ — As a world-leading humanoid robot enterprise, UBTECH has announced its participation at LEAP 2025 in Saudi Arabia. At this event, UBTECH will showcase the Humanoid Robot Industrial Application Solution with Walker S Series, Panda Robot Youyou, self-developed advanced humanoid robot Una, as well as a comprehensive AI Education solutions for K-12 school, vocational and higher education.

UBTECH Showcases its Latest Humanoid Robots and Solutions at LEAP 2025
UBTECH Showcases its Latest Humanoid Robots and Solutions at LEAP 2025

Multi-task Humanoid Robot Industrial Application Solution Debuts in the Middle East

Humanoid Robot Industrial Application Solution is the first general-purpose humanoid robot solution for multi-task industrial scenarios in the world. The solution integrates UBTECH’s latest achievements of embodied intelligence technology, enabling humanoid robots to complete a variety of industrial tasks. The solution has already been applied in BYD factories.

At the event, two units of Walker S1, the industrial humanoid robot of UBTECH, demonstrate multi-task such as parcel handling and SPS sorting in the Middle East for the first time.

two units of Walker S1, the industrial humanoid robot of UBTECH, demonstrate multi-task such as parcel handling and SPS sorting
two units of Walker S1, the industrial humanoid robot of UBTECH, demonstrate multi-task such as parcel handling and SPS sorting

In the parcel handling task, Walker S1 utilizes semantic VSLAM technology and full-body motion control to carry boxes weighing up to 15 kilograms with its dual arms. For the SPS sorting task, Walker S1 features self-developed humanoid dexterous hands that can precisely monitor gripping force and sort objects with high accuracy.

From 2024, UBTECH has cooperated with multiple enterprises, including Audi FAW, BYD, Geely Auto, Foxconn, SF Express, FAW-Volkswagen Qingdao Branch, BAIC BJEV, and Dongfeng Liuzhou Motor, to jointly create demonstrative applications for humanoid robots. To date, UBTECH is the only humanoid robot company that has announced multiple co-operations with vehicle companies in the world, and our humanoid robot Walker S series have entered most of the production line of vehicle companies to complete different tasks. In addition, UBTECH Walker S series has already received over 500 intent orders from electric vehicle manufacturers.

Apart from Walker S Series, UBTECH Panda Robot Youyou, who served as the peace and friendship ambassador for the China Pavilion at Expo 2020 Dubai, demonstrates the functions of serving drinks, and interacting with audiences in a household setting.

Una, a highly advanced humanoid robot that independently developed by UBTECH, is demonstrated at LEAP 2025 for the first time. It has a human-like soft and warm exterior, and understands natural language. Una can provide variety of services including emotional companionship, entertainment interaction and reception, bringing people a personalized and warm interactive experience.

Panda Robot Youyou and Una at LEAP 2025
Panda Robot Youyou and Una at LEAP 2025

To date, UBTECH has pioneered the deployment of humanoid robots globally, focusing on three scenarios, which are industrial manufacturing, commercial services, and household companionship. The deployment starts from industrial manufacturing. As the cost of humanoid robots decreases and AGI develops in the future, humanoid robots will gradually enter commercial scenarios and every home.

The fast progress comes with UBTECH’s continuous development in core technologies of humanoid robots. By June 2024, UBTECH holds more than 2,450 robotic and AI-related patents, including more than 450 international patents and with nearly 60% being invention patents. The company is also verifying the effectiveness of DeepSeek in humanoid robot application scenarios.

UBTECH Brings a Comprehensive AI Education Solution to LEAP 2025

UBTECH is showcasing its comprehensive AI Education solution for K-12 schools, vocational training, and higher education at the event.

UBTECH showcases its comprehensive AI Education solution for K-12 schools, vocational training, and higher education
UBTECH showcases its comprehensive AI Education solution for K-12 schools, vocational training, and higher education

For K-12 education, UBTECH offers a holistic solution that integrates a curriculum, hardware, software, training, competitions, assessments, and a teaching management platform. Embracing the vision of integrating cutting-edge technology into classrooms, UBTECH has introduced the Yanshee series (desktop humanoid robots), UGOT series (multi-mimetic robots), uKit series (creative building block robots), and an AIGC-based Learning Platform.

These tools provide students with opportunities to explore artificial intelligence, robotics, self-driving technology, and IoT technology. This fosters key skills such as programming, innovation, computational thinking, and technological literacy, preparing them for the future of technology.

For vocational and higher education, UBTECH offers the solution with Walker S1 and intelligent service robot, proposed three artificial intelligence and robotics education scenarios: research scenario, teaching scenario, and industrial training scenario. The higher education solution will help to train students’ research, application development and operation skills of AI & robotics, fostering national industrial talents.

UBTECH provides the Robotics competition solution RoboG (Robo Genius). After several years of development, RoboG competition has become an international platform used by youths globally.

UBTECH has a long-lasting connection with the Middle East. Apart from the service of panda robot Youyou in Dubai Expo, two Walker X have also been exported to NEOM. UBTECH’s commercial service robot, Cruzr, had also participated at Riyadh Season, the largest cultural festival in Saudi Arabia, providing guidance and explanation services to tourists worldwide.

Dedicated to the mission of ‘bringing intelligent robots into every household, and making everyday life more convenient and intelligent’, UBTECH has developed a full stack of humanoid robotic technologies independently since 2012. With an unwavering commitment to innovations and technology, UBTECH aims to bring humanoid robots to every home and industry, marching towards a society where human and robots co-exist.

For inquiries, please contact ubtech.edu@ubtrobot.com and sales@ubtrobot.com.