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Cango Inc. Achieves 12% Growth in Bitcoin Production for March 2025

SHANGHAI, April 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production.

In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025. The average number of Bitcoins produced per day also rose to 17.1, up from 16.9 in the previous month.

As of the end of March, Cango holds a total of 2,474.8 Bitcoins, an increase from 1,944.7 Bitcoins at the end of February. The Company’s deployed hashrate remained stable at 32 EH/s, while the average operating hashrate improved to 30.3 EH/s, up from 29.7 EH/s in February.

“We are pleased to report these positive results as we continue to enhance our operations in the growing cryptocurrency market,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “Our commitment to optimizing our mining capabilities is reflected in our production figures, and we look forward to further growth in the coming months.”

Media Contact

Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

French Crêperie Opens in Luang Prabang

Chez Auguste Cafe Creperie in Luang Prabang
A fresh culinary experience has arrived in Luang Prabang with the opening of Chez Auguste Café Crêperie, the city’s first dedicated French-style crêperie.

Duality Bio Appoints Hua Mu as Global Chief Medical Officer

SHANGHAI, April 7, 2025 /PRNewswire/ — DualityBio announced today that Dr. Hua Mu has joined the company as Global Chief Medical Officer (CMO). In this role, Dr. Mu will oversee the strategic planning, meticulous design, efficient execution, and comprehensive regulatory compliance of the company’s global clinical development efforts, ensuring adherence to the most stringent international regulatory standards.


Dr. Mu holds an M.D. degree from West China University of Medical Sciences and a Ph.D. degree from the University of California, Berkeley. With decades of global experience in drug research, translational medicine, and clinical development, he has held leadership roles at top multinational pharmaceutical companies, biotech firms, and top-tier capital, successfully advancing multiple drug candidates from preclinical stages through commercialization. As a seasoned biotech executive and drug developer, Dr. Mu’s extensive expertise and global vision will provide strategic leadership in driving clinical development programs and navigating regulatory landscapes.

“Dr. Mu’s appointment comes at a pivotal moment as DualityBio approaches a new milestone in the capital markets,” said Dr. John Zhu, Founder and CEO of DualityBio. “His unique blend of full-cycle development experience in multinational pharma and hands-on expertise in the globalization of China’s innovative drugs will strengthen our global multicenter clinical trial strategy. By implementing scientifically rigorous clinical development plans, we will enhance pipeline value and build clinical development infrastructure and capability fully  aligned with FDA, EMA, and NMPA requirements. We are confident that Dr. Mu will accelerate our clinical progress, fuel DualityBio’s global expansion, and solidify our leadership in next-generation ADC innovation.”

Dr. Mu stated: “I am honored to embark on this new journey with DualityBio. My decision to join stems from a deep alignment with the company’s global vision. My mission is to build a team with international regulatory expertise, integrate clinical resources across the U.S., Europe, and China, and accelerate NDA filings for core assets—all while driving DualityBio’s global clinical-commercial flywheel. Together, we will transition from a biotech to a biopharma, delivering accessible breakthrough therapies to patients worldwide.”

Search Efforts Enter Tenth Day with 78 Still Missing After Bangkok Building Collapse

Heavy machinery is pictured at the site of an under-construction building collapse in Bangkok on April 1, 2025, four days after an earthquake struck central Myanmar and Thailand. (Photo by Lillian SUWANRUMPHA / AFP)

Thai authorities continue to ramp up search operations following the collapse of a Chinese-owned 30-storey skyscraper in Bangkok on 28 March, with 78 people still reported missing and the death toll rising to 16.

Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering a New Era of Green Mobility

BEIJING, April 7, 2025 /PRNewswire/ — China Petroleum & Chemical Corporation (“Sinopec”, HKG: 0386), one of China’s largest integrated energy and chemical companies, and CATL (Contemporary Amperex Technology Co., Limited), the global leader in new energy innovative technologies, signed an industry and capital cooperation framework agreement in Beijing. The partnership aims to establish a nationwide battery swap network, setting a new benchmark for green infrastructure in China.

Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering A New Era of Green Mobility.
Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering A New Era of Green Mobility.

Under the agreement, the two industry giants will leverage their respective strengths to accelerate the development of battery swap ecosystems and standardize operations. This year, the collaboration targets the construction of no fewer than 500 battery swap stations, with a long-term goal of 10,000 stations, creating a seamless “swap-as-fast-as-refueling” experience for electric vehicle (EV) owners in China. The initiative aligns with China’s national strategy to promote new infrastructure and low-carbon transportation.

Ma Yongsheng, Chairman of Sinopec, emphasized the strategic significance of the partnership: “This collaboration marks another milestone in Sinopec’s commitment to energy revolution and green development. By combining our energy supply capabilities, nationwide network, and customer service expertise with CATL’s cutting-edge technology, we aim to build a comprehensive energy infrastructure that powers a better life.”

Dr. Robin Zeng, Chairman and CEO of CATL, highlighted the transformative potential of the initiative: “A robust energy replenishment network is critical to the widespread adoption of EVs. Through this partnership, we will elevate the battery swap model to new heights, injecting fresh momentum into sustainable development.”

Sinopec brings its extensive network of 30,000 integrated energy stations in the country, 28,000 Easy Joy convenience stores, and over 10,000 ultra-fast charging stations, serving 200 million customers daily. CATL, as the world’s top EV battery manufacturer, has partnered with leading automakers, including Changan, GAC Aion, BAIC, SAIC, Hongqi, NIO, and major truck producers like Sinotruk and Foton, to roll out a diverse lineup of battery-swappable passenger and commercial vehicles.

The partnership strengthens Sinopec and CATL’s ongoing work in energy stations, storage, and advanced materials. The collaboration will build smart energy microgrids, featuring solar power, energy storage, charging, swapping, and battery inspection. Moving forward, the two companies will explore broader synergies in zero-carbon solutions, vehicle ecosystems, and battery materials. Capital and equity partnerships will also be pursued to foster innovation and accelerate the development of new productive forces.

Thai Night 2025 Elevates Thai Entertainment on the Global Stage at FILMART


HONG KONG SAR – Media OutReach Newswire – 7 April 2025 – The Department of International Trade Promotion (DITP), Ministry of Commerce, successfully hosted Thai Night: Where Films Come Alive 2025 at JW Marriott Hong Kong during FILMART 2025, reinforcing Thailand’s position as a global hub for the film and entertainment industry. Presided over by Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi, the event brought together 517 distinguished guests, including 453 film industry representatives and 64 international media members, facilitating high-level business networking and expanding opportunities for Thai entertainment businesses in the global market.

Thai Night 2025

Under the theme “Thailand: Where Films Come Alive”, the event highlighted Thailand’s excellence in film production, talent, locations, and post-production services. It was attended by 37 leading Thai entertainment companies, as well as prominent figures from international film and media organizations such as CCTV (China), VIU (Hong Kong), NBCUniversal (Singapore), A+E Networks and Seoul Broadcasting System (South Korea), Lionsgate (India), and Variety Magazine (USA). The evening featured exclusive networking sessions, strengthening ties between Thai and international entertainment professionals. Special performances included a Muay Thai-inspired dance performance, blending Thailand’s martial arts heritage with cultural dance, and live performances of soundtracks from popular Thai series such as Make a Wish, Ai no Kisetsu, B.Friend Series, Piang Chonlay, and Duan Prang. Guests also had the opportunity to experience Thailand’s renowned cuisine, with Thai SELECT-certified food and beverages, further promoting Thailand’s Soft Power in entertainment and gastronomy.

According to Ms. Sunanta Kangvalkulkij, Director-General of DITP, “Thai Night continues to be a key platform in positioning Thailand as a leader in the international entertainment industry. By connecting Thai content creators, producers, and investors with global industry leaders, we are opening doors for Thai films, series, and creative talents to reach wider audiences and new business opportunities.” As part of Thailand’s broader strategy to promote its film and entertainment industry, Thai Night is held at major international events such as the Cannes Film Festival (France), the American Film Market (Los Angeles, USA), and FILMART (Hong Kong, China), reinforcing Thailand’s role in the global entertainment ecosystem and fostering international collaborations.

For more information about Thailand’s film industry and upcoming initiatives, please visit www.ditp.go.th or contact the DITP Trade Hotline at 1169.

Hashtag: #ThaiNight2025

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

Healthy Beginnings, Hopeful Futures

World Health Day Statement by Education Cannot Wait Director Yasmine Sherif

NEW YORK, April 7, 2025 /PRNewswire/ — Education is an essential investment in providing health to those left furthest behind.

On World Health Day, we must connect the dots between education and health in humanitarian crisis settings. A child attending school gets vaccinations and healthcare, a nutritious meal and mental health and psychosocial services. By funding education, we optimize our investments to cover multiple sectors in one investment, such as health.
On World Health Day, we must connect the dots between education and health in humanitarian crisis settings. A child attending school gets vaccinations and healthcare, a nutritious meal and mental health and psychosocial services. By funding education, we optimize our investments to cover multiple sectors in one investment, such as health.

On World Health Day, we must connect the dots between education and health in humanitarian crisis settings. A child attending school gets vaccinations and healthcare, a nutritious meal and mental health and psychosocial services. By funding education, we optimize our investments to cover multiple sectors in one investment, such as health.

“The link between education, health and well-being is clear. Education develops the skills, values and attitudes that enable learners to lead healthy and fulfilled lives, make informed decisions and engage in positive relationships with everyone around them,” according to UNESCO.

At the same time, poor health, hunger, war-trauma and diseases negatively impact academic performance, especially in humanitarian emergencies.

According to UNICEF, humanitarian investments in education and health have substantial returns. Every $1 invested in children and their well-being yields a ten-fold societal return.

Education Cannot Wait (ECW) and our strategic partners deliver speedy and lifesaving quality education on the frontlines of the world’s most severe humanitarian crises. In places like Sudan, the Democratic Republic of the Congo, Ethiopia, Haiti and Cameroon, this means healthy school meals, greater nutrition, safe classrooms and access to public health initiatives that are available at the beginning of school.

Right now, we are making impossible decisions on humanitarian funding that put millions of lives at risk. The most effective way of utilizing financial means is to ensure multiple impact or a holistic and cross-sectoral approach.

Education is one of the single best investments we can make, while also ensuring healthy lives for all. Not the least for the 234 million children and adolescents who today endure unspeakable crises with no other hope than to attend school, survive and thrive. This is what it is all about: the humanitarian imperative is about saving their lives.

LG RELEASES PRELIMINARY EARNINGS FOR FIRST-QUARTER 2025

The Company Achieves Record-High First-Quarter Revenue
Surpassing KRW 22 Trillion

SEOUL, South Korea, April 7, 2025 /PRNewswire/ — LG Electronics Inc. (LG) today announced its preliminary earnings results for the first-quarter of 2025, reporting a consolidated revenue of KRW 22.7 trillion and operating profit of KRW 1.3 trillion.

Logo of LG Electronics
Logo of LG Electronics

This marks the first time LG’s first-quarter revenue has exceeded KRW 22 trillion. Despite ongoing macroeconomic challenges, including a global economic slowdown, the company’s focus on “qualitative growth” businesses played a key role.

Especially in B2B sectors, the Eco Solution (ES) business has been the primary driver of growth in both revenue and profitability. Other areas—such as subscription services, webOS-based advertising and content, and direct-to-consumer (D2C) sales—also contributed to the company’s record-breaking results.

Operating profit exceeded KRW 1 trillion for the sixth consecutive year, continuing to reflect a stable profit structure. Increased revenue from high-margin areas created a strong operating leverage effect, helping to sustain a stable profit structure. Additional drivers of profitability included efficient resource allocation, normalization of raw material and logistics costs, and enhanced agility in global production operations.

In the home appliance solution business, LG’s premium products maintained strong leadership in the global market. The built-in appliance business – a B2B segment – alongside key component sales such as motors and compressors, also contributed meaningfully to the performance.

The company’s subscription business, which combines hardware and services, is rapidly expanding. In 2025, LG plans to further strengthen its subscription-ready product lineup and customer care services, while also accelerating the global rollout of its subscription model.

In the media and entertainment solution business, from this year, LG is integrating its display-based businesses – including TVs, IT (laptops, monitors) and ID (commercial displays) – to generate synergy in its webOS-based advertising and content platform, traditionally centered around smart TVs.

LG’s 2025 TV lineup introduced enhanced AI features such as personalized content recommendations, superior picture quality and immersive sound. New products like the ultra-light LG gram Pro AI laptop and the portable LG StanbyME 2 lifestyle screen received positive responses from global markets. The commercial display segment also secured several large-scale international contracts.

The vehicle solution business, continues to expand sales of high value-added products, especially in in-vehicle infotainment (IVI) systems, while diversifying into automotive content platforms. LG Magna e-Powertrain is strengthening its competitiveness through advanced motor and inverter technologies and is enhancing operational capabilities at global production sites to support long-term growth. Meanwhile, the automotive lighting business is accelerating development of next-generation technologies, such as high-resolution and intelligent lighting systems, while improving overall efficiency.

The heating, ventilation and air conditioning (HVAC) business began operating as an independent Company in the first quarter. By focusing business capabilities on the essence of the order-based HVAC business and the characteristics of customers, the company is increasing its contribution to profitability.

In the commercial HVAC space, LG secured major overseas contracts in markets such as Singapore, thanks to its ability to provide localized, tailored solutions. Going forward, LG aims to make HVAC a core pillar of its B2B portfolio by leveraging its proprietary technologies in compressors, fans, heat exchangers and AI engines.

In the residential market, LG plans to maintain its leadership with AI-powered innovations. Additionally, in industrial and power-generation sectors, the company is actively pursuing new opportunities with large-scale chiller systems.

These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results, including net profit. Details regarding each division will be announced officially later this month.

About LG Electronics, Inc.

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG’s four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and Eco Solution – combined for global revenue of over KRW 88 trillion in 2024. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.