MAKKAH, SAUDI ARABIA, SA, June 26, 2025 - (ACN Newswire via SeaPRwire.com) - The General Authority for the Care of the Two Holy Mosques, represented by the King Abdulaziz Complex for the Holy Kaaba Kiswa, presided over the occasion of the replacing of the Kiswa on the first day of the month of Muharram (Hijri). This took place within an integrated operational system that reflects the Kingdom of Saudi Arabia's willingness and dedication to serving the Two Holy Mosques-continuing a legacy of over 100 years of care in producing the Kiswa for the Ancient House.Holy KaabaThe Ceremony of Changing the Kiswa of the Holy KaabaThe occasion was conducted with meticulous organisation. As the previous Kiswa was carefully prepared for removal, the new Kiswa was raised and securely fastened to all sides of the Kaaba. Additionally, the door curtain embroidered with golden embellishments, lantern-shaped pieces, the belt, and samadiyah pieces were affixed-a scene embodying high craftsmanship and precision.The King Abdulaziz Complex for the Holy Kaaba Kiswa is the sole specialist entity responsible for the production of the Kiswa. The production stages are carried out within the complex through a precise production process that begins with the purification of water designated for dyeing, followed by automated weaving, printing, embroidery, and assembly. It concludes with quality assurance measures undertaken by 154 skilled Saudi specialists and technicians.During the production of the Kiswa-which weighs up to 1,415 kilograms-high-quality raw materials are utilised, including 825 kilograms of black-dyed natural silk and 410 kilograms of cotton. The Kiswa is embroidered with 120 kilograms of gold thread and 60 kilograms of silver thread. Additionally, it features 54 gold-coated pieces, comprising the belt, Quranic verses, the door curtain, lantern-shaped pieces, and embellishments surrounding the Mizab and corners.The Kiswa is adorned with 68 Quranic verses from 11 surahs, while the door curtain contains 763 words from the Quran. It is secured using 100 precisely positioned ropes, evenly distributed across all four sides of the Noble Kaaba.The Kiswa stands over 14 metres tall and is made up of five main parts-four of which cover each side of the Kaaba, while the fifth forms the door curtain, embroidered with Quranic verses in gold and silver threads, crafted using precise techniques and profound expertise.The occasion of replacing the Kiswa represents a continuation of the legacy established by the Kingdom of Saudi Arabia since the time of its founder, King Abdulaziz bin Abdulrahman Al Saud-may Allah have mercy upon him. It reaffirms the continuation of this blessed legacy under the direct care of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his Deputy, His Royal Highness Crown Prince Muhammad bin Salman bin Abdulaziz-may Allah preserve them both. This initiative aligns with the national vision that emphasises excellence in the services provided to the visitors of the Sacred House of Allah.Source: https://alharamain.gov.sa/public/?page=home_enAbout the Authority:An independent body overseeing the Grand Mosque and the Prophet's Mosque.Contact:(+966) 8254241 - (+966) 0148233610Unified Contact Centre: 1966Contact InformationThe General Authority for the Care of the Two Holy MosquesMakkah(+966) 0148233610SOURCE: The General Authority for the Care of The Two Holy Mosques Copyright 2025 ACN Newswire via SeaPRwire.com.
HONG KONG, Jun 25, 2025 - (ACN Newswire via SeaPRwire.com) - Galaxy Payroll Group Limited (NASDAQ: GLXG, “Galaxy Group”), a leading global payroll provider, announced today the signing of a Memorandum of Understanding (MOU) to jointly develop innovative AI-powered HR solutions. The partnership will combine Galaxy's payroll expertise with CURRENC's artificial intelligence technology to create advanced tools for modern workforce management.The cooperation, as outlined in the MOU, will focus on the development of two key modules that leverage the combined strengths of both parties. The “AI HR & Payroll Manager” will integrate Galaxy's extensive payroll expertise with CURRENC's advanced AI capabilities to streamline and enhance HR and payroll operations. This module will also introduce cryptocurrencies, particularly stablecoins, as a payment option for payroll processing, aligning with the growing trend of digital payments and offering clients a more efficient and secure payment alternative.The “AI Recruitment Manager” will utilize data-driven automation technology to optimize the recruitment process, providing intelligent candidate screening and automated interview scheduling. This system aims to help enterprises accurately match talents with job requirements, significantly improving the efficiency and effectiveness of their recruitment processes. Together, these modules will not only enhance operational efficiency but also provide clients with innovative solutions that address modern workforce challenges.Speaking of the strategic significance of this cooperation, Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group, said, “Integrating stablecoins into our AI-driven HR product suite represents a dual innovation. It not only keeps pace with the current trend of digital payments but also enhances operational efficiency for our multinational clients, helping them achieve HR management upgrade in the digital era.”Alex Kong, Founder and Executive Chairman of CURRENC, stating, “By combining Galaxy’s professional payroll service advantages with our accumulated AI technology in the financial field, we are confident in creating next-generation HR tools that can meet the challenges of today’s labor market and provide enterprises with more competitive solutions.”About CURRENC Group Inc.CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.About Galaxy Payroll Group LimitedGalaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.For more information, please visit Galaxy Payroll Group's website: www.galaxyapac.com.Forward-Looking StatementsMatters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.For enquiry, please contact Intelligent Joy Limited:Karen DengPhone: (852) 3594 6407Email: pr-team@intelligentjoy.com Copyright 2025 ACN Newswire via SeaPRwire.com.
TOKYO, Japan, June 26, 2025 - (JCN Newswire via SeaPRwire.com) – Honda Motor Co., Ltd. (Honda) has opened Honda Software Studio Osaka, a new software development operation, in April 2025, at the Grand Green Osaka, a multifunctional commercial complex located in Umeda area, Osaka, Japan. Honda has positioned “enhanced application of intelligent technologies” as the key element to increase the competitiveness of its products, particularly its electrified vehicles, and previously announced the plan to invest approximately 2 trillion yen in software-related research and development over the 10-year period through FY2031 (fiscal year ending March 31, 2031). Based on this direction, Honda has been working on the recruitment of software talent with a high level of expertise and a focus on boosting associate engagement*1 and development capability.As a part of this initiative, Honda has been continuously enhancing its workplace environment for software engineers, expanding the network of its software development operations, starting in October 2023 from Osaka, to Omiya, Shinagawa, Nagoya and Fukuoka. Honda Software Studio Osaka became operational in April 2025 by upgrading the original software development operation in Osaka, and a new development operation in Tokyo is scheduled to open in early 2026.Honda is conducting software development through collaboration between its automobile development operation in Tochigi, Japan — the center of Honda automobile product development — and its software development operations located throughout the country. By leveraging the know-how of such multi-base software development, a well-established company-wide remote work environment and the state-of-the-art facilities established at the new Honda Software Studio Osaka, Honda is realizing high productivity and seamless collaboration among all software development operations.Moreover, Honda is expecting the addition of Honda Software Studio Osaka will boost recruitment of highly talented software engineers and accelerate collaboration with academic researchers and partner companies located in the Osaka/Kansai region, which will enable Honda to create new value for its customers and society. Moving forward, Honda plans to further enhance its human resources in the area of software, by expanding Honda Software Studio Osaka to have approximately 500 associates, which makes Osaka/Kansai the second-largest Honda software development operation in Japan, after the Tokyo/Kanto region. Key features of Honda Software Studio Osaka- A wide range of development teamsHonda Software Studio Osaka brings together a number of development teams responsible for a wide variety of technologies Honda will develop independently to realize its software-defined vehicles (SDVs) including automated driving and advanced driver assistance systems (ADAS); various apps such as smart cabin apps; SoC (System on Chip), which is the hardware to run apps efficiently; and the vehicle OS which is a platform that controls the SoC and apps. - Associates with a wide range of backgroundsAs of June 2025, Honda Software Studio Osaka has approximately 100 associates, of which about 85% joined Honda through mid-career recruitment. Those associates leverage a wide variety of career backgrounds, such as system integrators*2, engineers in railroad or electronics companies, and play an important role at Honda by bringing fresh ideas and perspectives that traditional mobility manufacturers did not have. Honda Software Studio Osaka has been increasing the competitiveness of Honda products with speed by combining the expertise of associates who join Honda with experience in different industries together with in-depth knowledge about Honda technologies possessed by associates who started their career at Honda.- Adoption of Activity-based Working (ABW) to support flexible and diverse work stylesHonda Software Studio Osaka adopts Activity-based Working (ABW) style, which liberates associates from a conventional “fixed seating” style and supports more flexible and diverse ways of working. Each associate can choose the most suitable work environment based on the nature and situation of their tasks. The ABW style was adopted with an aim to enhance motivation, maximize performance and foster the flexible thinking of associates. In addition, the adoption of an office design based on the concept of “communication first,” promotes and accelerates spontaneous communication among engineers and different teams, which is expected to lead to dramatic improvement in productivity and new value creation for the entire operation. - Unique features installed based on “The Three Realities Principle”Honda Software Studio Osaka features unique workspaces such as a “project booth,” where project members can engage in discussions and work in front of the actual hardware equipment under development, and a “debug room” equipped with office facilities that enable engineers to work on actual hardware components, including a proper ventilation system to allow soldering work. Moreover, there are some parking spots secured on the basement floor to create a development environment where engineers have easy access to the finished vehicles to which the software they are developing will be applied. These unique features of Honda Software Studio Osaka will contribute to the improvement of product quality and development efficiency by accelerating software testing and debugging*3 processes and by improving the reliability of software through verification on its actual operating environment.While it is an office environment where software engineers tend to spend most of their work hours at their desk, Honda Software Studio Osaka offers a development environment where engineers can touch and test their work on actual hardware. By offering such a work environment, Honda strives to realize a fusion of cutting-edge software development and the long-cherished culture of Honda guided by “The Three Realities Principle,” which emphasizes “going to the real spot, understanding the real situation, and making realistic decisions.” About Honda Software Studio OsakaLocation:Grand Green Osaka South Building Park Tower 27th Floor, 5-54 Ofukacho, Kita-ku, Osaka City, Osaka 530-0011 JapanStart of operation:April 2025Primary function:Development of software and batteries *1 The trust, attachment, and emotional commitment between associates and the company.*2 System integrator (SIer) is a contracted development company that undertakes the entire process of system development.*3 The process of identifying and resolving bugs (errors) in a program. Copyright 2025 JCN Newswire via SeaPRwire.com.
TOKYO, Japan, June 26, 2025 - (JCN Newswire via SeaPRwire.com) – Honda Motor Co., Ltd. today issued the Honda ESG Report 2025, posting it on the company website.Japanese language version: https://global.honda/jp/sustainability/report/English language version: https://global.honda/en/sustainability/report.htmlAs one of the tools to enhance communication with a diverse range of its stakeholders, Honda has been issuing an annual report that comprehensively summarizes the company’s approach and initiatives to enhance its sustainability from the perspectives of ESG (Environment, Social, and Governance), with a primary focus on reporting its track record of achievements.Honda had been issuing an annual summary of its ESG initiatives and related data as the “Honda ESG Data Book.” Now under a new name – Honda ESG Report – the summary includes additional information such as targets and direction in each ESG area, as well as initiatives Honda has taken to achieve the targets, a tracked record of achievements, and related data itemized for each target. These changes were made to further clarify the distinction between the Honda ESG Report and the Honda Report, which focuses on sharing stories about how Honda will enhance its corporate value into the future. Honda is committed to making efforts to disclose information in a way that is clear and tailored to meet the needs of its stakeholders. Honda ESG Report 2025Cover of the Honda ESG Report 2025Honda is striving to evolve as a company to continue creating new value based on the company’s unchanging desire since its founding – to “help people and society” and “expand people’s life’s potential.” To this end, Honda is committed to help stakeholders better understand the approach and initiatives Honda is taking to ensure its sustainability by providing easy-to-underhand information through the Honda ESG Report.Moreover, by increasing opportunities to engage in dialogue with its stakeholders, Honda will continue to advance its sustainability initiatives and strive to achieve a steady increase in corporate value, which will enable Honda to continue to be a company society wants to exist into the future. Main contents of the Honda ESG Report 2025:Overview of Honda sustainability initiatives (e.g. basic approach, sustainability management structure)Environmental initiatives (climate change, pollution, water, biodiversity and ecosystems, and resource use and circular economy)Social initiatives (human rights, human resources, supply chain, social contribution activities, safety and quality)Governance initiatives (corporate governance, compliance and risk management) Copyright 2025 JCN Newswire via SeaPRwire.com.
KAWASAKI, Japan, June 26, 2025 - (JCN Newswire via SeaPRwire.com) - Fujitsu Limited today announced the enhanced capabilities of its Uvance Wayfinders consulting business, leveraging data and AI to help customers build evolving business foundations, autonomously and continuously.Since launching the Uvance Wayfinders consulting brand in February 2024, Fujitsu has strengthened its global capabilities by establishing a new organization led by a leadership team with extensive experience in the consulting industry. Fujitsu will further enhance its data and AI-driven consulting services across four key domains that are closely related to corporate sustainability improvement—Industries, Operations, Experiences, and Technologies—to address clients’ business challenges.Fig. 1: Enhanced consulting capabilitiesAs it becomes more difficult to resolve increasingly complex business challenges via the traditional individual and task-specific system integration (SI) approaches, it is crucial that customers are empowered to continuously and autonomously evolve their management, business operations, and workflows through the application of data and AI. To achieve this, the construction of an enterprise agentic foundation, i.e., a business framework that maximizes the utilization of data and AI, is called for.Building on its strengths including industry knowledge, IT implementation capabilities, advanced technologies, and practical knowledge gained from its company-wide DX project, Fujitsu will provide comprehensive support leveraging AI, including in the visualization of business processes and full automation of IT lifecycle management. Specifically, Fujitsu will focus on transforming operations towards agent-oriented models, modernizing customers' IT environments, and embedding security into all operations. This will enable customers to re-organize their business environments to maximize the utilization of data and AI, realizing an autonomous enterprise agentic foundation.Fig. 2: Approach to realizing the enterprise agentic foundationUvance Wayfinders will combine consulting services with the advanced offerings of Fujitsu Uvance to contribute to creating a better future for society as a whole.New visual identityUvance Wayfinders is also announcing a refreshed visual identity. While retaining the compass motif that symbolizes “dependable guidance across unknown waters,” the new visual identity also incorporates a sophisticated image that embodies the advanced and innovative nature of a technology company and was created with the goal of strengthening engagement with customers and accelerating the creation of new value.Fig. 3: Uvance Wayfinders visual identityRelated LinksFujitsu establishes new consulting organization to accelerate global expansion of Uvance Wayfinders(April 1, 2025 Press Release)Fujitsu introduces “Uvance Wayfinders”, expanded and strengthened consulting capabilities to deliver cross-industry business value (February 22, 2024 Press Release)Uvance WayfindersFujitsu’s Commitment to the Sustainable Development Goals (SDGs)The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030.Fujitsu’s purpose — “to make the world more sustainable by building trust in society through innovation” — is a promise to contribute to the vision of a better future empowered by the SDGs.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers around the globe, our 113,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: AI, Computing, Networks, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$23 billion) for the fiscal year ended March 31, 2025 and remains the top digital services company in Japan by market share. Find out more: global.fujitsuPress ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2025 JCN Newswire via SeaPRwire.com.
香港，2025年6月26日 - (亚太商讯 via SeaPRwire.com) - 6月25日，港股国泰君安国际（01788.HK）因获批虚拟资产交易牌照，股价出现显著上涨，单日涨幅近200%，成交164亿港元位居港股第一。这一火热市场反应，充分显示初投资者对香港即将于8月1日正式生效的《稳定币条例》以及虚拟资产交易的关注和热情。在此背景下，投资者不断深挖港股上市公司的相关布局，而隐藏在市场已经发掘的利好股背后，百仕达控股（01168.HK）或成为下一个市场关注热点。从地产巨头到科技先锋：百仕达的战略跃迁不同于市场的普遍认知，早在行业混沌期，百仕达便果断开启了战略转型。2013年，公司作为创始股东投资众安在线（06060.HK）（持股5.51%），奠定保险科技基因；2017年通过合资企业众安国际（持股43.50%）全资控股众安银行，于2019年斩获香港首批数字银行牌照。《稳定币条例》对发行人提出了严格的要求，包括2500万港元最低资本、100%储备资产隔离及实时赎回机制等。百仕达旗下的众安银行，凭借其作为持牌数字银行的技术能力和合规基础，已为圆币科技、渣打银行等机构提供法币储备托管服务，并成为香港金融管理局"Ensemble沙盒计划"的首批参与者。这使其在稳定币新规生效前，已具备一定的先发基础设施优势。金融科技增长极：百仕达布局众安生态的价值释放作为香港八家持牌数字银行之一，众安银行截至2024年末总资产达223亿港币，位居行业首位。众安银行拥有超过80万零售用户和3,000家企业客户，其中包括200多家Web3生态企业，显示出其在数字金融领域的强大市场渗透力。值得一提的是，众安银行早在2023年便提出"Banking for Web3"的战略愿景，比《稳定币条例》出台早两年有余。目前众安银行已打通虚拟资产交易、法币兑换与跨境支付闭环，成为亚洲首家提供多元化金融服务的持牌数字银行。随着政策落地，众安银行的技术储备和牌照资源将全面激活。政策红利下的爆发点：稳定币生态的潜在影响与机遇稳定币技术被认为有潜力显著提升跨境支付效率，例如将传统电汇成本从10-50美元/笔降低至1美元以下，结算时间从天级缩短至分钟级。这为解决传统金融体系的高成本和低效率问题提供了新的可能性。国际机构如渣打、京东等已进入金管局沙盒测试相关应用，花旗集团预测2030年全球稳定币市场规模可能达到1.6-3.7万亿美元。在这一发展趋势中，百仕达通过众安银行等平台，涉足了稳定币生态的多个关键环节，包括合规托管、交易入口以及探索真实世界资产代币化（RWA）。这种布局使其角色从传统地产商，扩展至参与虚拟资产基础设施建设。其潜在的商业模式可能从依赖"土地溢价"，转向获取"合规服务溢价"和"交易流量溢价"。百仕达：稳定币东风下的双重价值驱动与重估契机当传统券商因一张牌照暴涨时，百仕达已编织出一张覆盖数字银行、稳定币基建与RWA代币化的生态网络。随着香港《稳定币条例》的实施和Web3生态的发展，百仕达凭借其先期战略转型和在合规金融科技领域的布局，该公司的投资价值已呈现出显著的多层次特征。当前，百仕达的市值在很大程度上仍基于其传统地产业务的估值模型，不仅其持有的可快速变现的显性资产受到严重低估，同时还忽略了其持有的众安国际股权（价值约43.8亿港元）、众安在线股权（价值约15.6亿港元）。另外，百仕达通过众安银行在香港金融科技、特别是即将到来的稳定币市场中所占据的战略性地位，其价值也尚未被市场充分认知和定价。这种信息不对称，恰恰为前瞻性投资者提供了潜在的价值发现机遇。 Copyright 2025 亚太商讯 via SeaPRwire.com.
SHENZHEN, June 25, 2025 – (ACN Newswire via SeaPRwire.com) – The board of directors of China Medical System Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) announces the proposed secondary listing of the Company’s ordinary shares (“Shares”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) by way of introduction (the “Proposed Secondary Listing”). The Proposed Secondary Listing, if proceeded, will not involve issuance of new shares, and the Shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter.
The Company has submitted, on a confidential basis, an application to the SGX-ST in relation to the Proposed Secondary Listing. As of the date of this announcement, the Company has not received the eligibility-to-list letter (“ETL”) from the SGX-ST in respect of the Proposed Secondary Listing.
On June 24, 2025, the Company received the Notice of Overseas Issuance and Listing Filing from the China Securities Regulatory Commission (the “CSRC”) in respect of the Proposed Secondary Listing.
The Directors believe that upon completion of the proposed secondary listing on the SGX-ST, the Group will be able to attract funds focusing on Asia-Pacific investments and local capital in Southeast Asia, thereby optimizing the shareholder structure. At the same time, it will also have a more profound impact on the Group’s business development in Southeast Asia and the Middle East. The Group has established Singapore as its regional headquarters for its Southeast Asia and Middle East business, and has set up companies in Singapore covering the entire pharmaceutical value chain of R&D, manufacturing, commercialization and investment, including CMS R&D as the international independent R&D company, PharmaGend as the pharmaceutical manufacturing CMO/CDMO company, Rxilient as the pharmaceutical development, registration and commercialization company, and Singapore Venture Capital as the industrial investment company. These companies work together to provide Southeast Asian patients with more high-quality and affordable treatment options, contribute to the development of the pharmaceutical industry chain in Southeast Asia, enhance the Group’s global reputation and market position, promote the implementation of the Group’s “Glocalization” strategy, and bring additional growth to the Group.
The Company will make further announcements with respect to the Proposed Secondary Listing as and when necessary in compliance with the applicable laws and regulations.
The Proposed Secondary Listing is subject to the SGX-ST granting an ETL and the fulfilment of any conditions set out in the ETL. As such, there is no assurance that the Proposed Secondary Listing will proceed to completion. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
About CMS
CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.
CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.
CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its skin health and ophthalmology businesses, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a “bridgehead” for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.
CMS Disclaimer and Forward-Looking Statements
This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.
This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.
Media ContactBrand: China Medical System Holdings Ltd.Contact: CMS Investor RelationsEmail: ir@cms.net.cnWebsite: https://web.cms.net.cn/en/home/
Source: China Medical System Holdings Ltd.
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Parties negotiating terms of definitive agreementAgreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site design and configurationAgreement expected to include equity stake, license fees, and exclusive rights to the Australian marketIntended partnership in line with announced strategy regarding international expansionHOUSTON, TX and SOUTH PERTH, WESTERN AUSTRALIA, June 26, 2025 - (ACN Newswire via SeaPRwire.com) - XCF Global, Inc. ("XCF") (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF"), and Continual Renewable Ventures Pty. Ltd. ("Continual"), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil ("HVO"), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding ("MOU") that seeks to launch New Rise Australia Pty. Ltd. ("New Rise AU"), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.New Rise AU is expected to operate under a licensing agreement that leverages XCF's integrated SAF platform - including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF's New Rise Reno facility."This partnership underscores the strength of XCF's platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets," said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. "The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We're excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition."Renzo Petersen, Director of Continual, added: "We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia's next-generation SAF and HVO infrastructure. We're proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we're laying the foundation for a scalable, commercially viable platform that supports Australia's decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel."Today's announcement marks a key milestone in XCF's international expansion strategy and builds on the company's momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market.Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU.About XCF Global, Inc.XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit www.xcf.global.About Continual Renewable Ventures Pty. Ltd.Continual Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development.Forward-Looking StatementsThis Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global's ability to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing in the future and the terms of any such financing; (8) New Rise's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global's ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global's ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global's and New Rise's key intellectual property rights; (19) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.ContactsXCF Global, Inc.:Chris Santa Cruzinvest@xcf.globalFor Media:Fatema Bhabrawalafbhabrawala@allianceadvisors.comSOURCE: XCF Global, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
Perth, Australia--(ACN Newswire via SeaPRwire.com - June 25, 2025) - The Investing News Network (INN), a global leader in independent news and investor education focused on publicly listed companies, is pleased to announce the appointment of John Phillips as Country Head, Australia. This strategic hire underscores INN's ongoing commitment to supporting Australian-listed companies and connecting them with a growing base of active, informed investors.Phillips brings more than two decades of media, financial publishing and investor engagement experience. His deep industry knowledge and trusted reputation in Australia's capital markets will be instrumental as INN expands its reach and services across the region."Australia remains one of the world's most dynamic markets for early-stage and resource-focused public companies. We're committed to providing these issuers with the tools and exposure they need to reach global investors," said Chris Hogg, Chief Revenue Officer of INN. "Bringing John on board represents a major step forward in that mission. His expertise and relationships across the sector will allow us to deliver even greater value to our clients and our audience."INN has operated in Australia since 2017 and continues to grow its audience of retail investors interested in commodities, technology, life sciences and more. The network produces original news, interviews and investor reports that help demystify complex sectors and improve access to credible company insights."This is a unique opportunity to help grow a trusted brand with a global footprint and bring greater visibility to the incredible innovation happening across the ASX," said Phillips. "I'm excited to join INN and help strengthen its position as a key bridge between companies and investors."For more information on INN's services or its expansion in Australia, please visit www.investingnews.com or contact:John Phillips+61 431 597 771jphillips@investingnews.comAbout Investing News NetworkThe Investing News Network (INN) is a destination for trusted, independent news and education for investors exploring the public markets. With sector-specific coverage and direct access to company insights, INN helps investors make informed decisions - and helps public companies improve visibility and attract shareholder interest.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256806 Copyright 2025 ACN Newswire via SeaPRwire.com.
