Vancouver, British Columbia--(ACN Newswire - May 14, 2026) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) and its subsidiary Mangan Chvaletice, s.r.o. ("Mangan" and together the "Company", "Euro Manganese" or "EMN") is pleased to announce the results of a new Preliminary Economic Assessment ("PEA") for the development of its Chvaletice Manganese Project ("Chvaletice Manganese Project", "CMP", or "Project") in the Czech Republic.

The PEA is a result of the Company's Optimization Program previously announced¹, and builds on the extensive knowledge presented in the Company's Technical Report and Feasibility Study for the Chvaletice Manganese Project, Czech Republic, dated effective July 27, 2022^[2], (the "2022 Feasibility Study"). The PEA responds to current market conditions and incorporates the Company's testing campaigns, demonstration plant learnings, and prospective customer testing and feedback to provide an updated preliminary and conceptual development path for the Chvaletice Manganese Project.

With most permits secured, a finalized Environmental Impact Assessment ("ESIA"), and official designation as a Strategic Deposit under Czech law and a Strategic Project under the EU Critical Raw Materials Act, Euro Manganese is ready to respond to customers seeking a fully traceable battery-grade manganese supply chain, reducing dependence on Chinese sources and supporting strategic mineral independence objectives.

The Chvaletice Manganese Project is well placed to take advantage of U.S. federal procurement and incentive frameworks that increasingly require that critical battery materials — including high-purity manganese used in electric vehicle and energy storage applications — be sourced from allied and US National Defense Act ("NDAA") compliant nations. The Czech Republic, as a NATO member and close U.S. ally, qualifies as an NDAA-compliant source country.

HIGHLIGHTS

(All economic values are in US dollars unless indicated otherwise)

• Strong Operating Margin of 48%, demonstrating resilience of the Project and the potential to generate significant returns across commodity price cycles.

• Robust Returns: Pre-tax IRR of 16.0% and Post-tax IRR of 13.8%, underpinned by a pre-tax NPV of $740M and post-tax NPV of $492M (8% discount rate), showing favorable preliminary economic indicators on historically conservative pricing assumptions.

• Higher Recoveries, 60% for High-Purity Manganese Sulphate Monohydrate (HPMSM) and 61% for High Purity Manganese Metal (HPEMM), reflecting additional metallurgical test work, operational learnings from the demonstration plant, and process engineering updates.

• Revised Flowsheet supports 50,000 tpa of HPEMM with full conversion to 150,000 tpa of HPMSM, aligning with battery industry demand while maintaining flexibility to deliver both HPEMM and HPMSM products as customer needs evolve.

• Newly incorporated magnesium carbonate ("MgCO₃") resource as a by-product enables production of up to 20,000 tpa MgCO₃, adding incremental value with minimal capital.

• CAPEX costs remain broadly consistent with the 2022 Feasibility Study, including with increased HPMSM output, despite an inflationary environment.

• OPEX reduced for per unit cost of HPMSM compared to the 2022 Feasibility Study, due to increased production of HPMSM and updated reagents and energy costs.

• Updated pricing assumptions demonstrates potential economic viability of the Project even under conservative current market conditions, underscoring its durability through price cycles.

• Phased development reduces upfront capital requirements, lowers funding risk, and allows further optimization before full-scale expansion.

• Phase II buildout planned shortly after Phase I commissioning to maximize project value and shareholder returns.

• Initial Capital, Phase One (50% capacity): $627.5M; Plant Capacity Expansion Capital, Phase Two (to 100% capacity): $197.8M.

• Annual nominal production: 150,000 tpa HPMSM.

• Project life: 26 years.

• Average life of project HPMSM price assumed at $2,888 per tonne.

NEXT STEPS

The PEA has enabled the Company to optimize inputs based on current pricing, establishing the possibility for a two-stage construction strategy. This phased approach has the potential to allow for further optimization in phase two, lower upfront capital requirements, and enhance project economics by aligning investment with cash flow.

The Company will now advance the Chvaletice Manganese Project further towards a full feasibility study, with a targeted completion in H1 2027.

The Company will also continue to monitor high purity manganese markets and strategic sectors to which it contributes, including energy transition, grid-scale energy storage, e-mobility and aerospace and defence technologies.

The Company will continue to engage with potential customers to secure additional offtake term sheets, pursue offtake agreements, and continue product testing.

In addition, during 2026, the Company is focused on the following key priorities to position the Project for its next development phase by:

• Advancing the financing strategy by securing funding for Project priorities and progressing strategic financing discussions with potential partners;
• Completing the acquisition of, or access to, the remaining land surface rights required for full Project development;
• Strengthening the Project's regulatory foundation through the continuous advancement of permitting, further reducing development risk and demonstrating Project readiness; and
• Maximizing non-dilutive capital by actively pursuing grants and incentives available from the EU and the Czech state.

Martina Blahova, President & CEO of Euro Manganese, commented:

"The publication of these PEA results marks another important milestone for the Chvaletice Manganese Project. Our recent optimization work has delivered measurable improvements in recovery, confirming both the strength of our technical strategy and the reliability of our process. To enhance capital efficiency and align investment with market demand, we have adopted a phased construction approach that maximizes value while reducing execution risk. The addition of by-product revenue stream further incrementally strengthens the economics of the project.

"This disciplined approach, coupled with conservative product pricing assumptions, supports a robust project profile with a strong operating margin of 48%, underscoring the Project's ability to perform through market cycles. Despite the challenging market and pricing conditions, the PEA results demonstrate the strength and resilience of the Project. It provides a clear pathway to unlocking the full long-term value of the Chvaletice Manganese Project as demand accelerates for localized, traceable, and sustainably produced battery grade high purity manganese. We are built to perform in volatile markets, engineered for operational efficiency, and positioned to play a strategic role in securing resource independence and reducing vulnerability amid an increasingly complex global landscape."

Rick Anthon, Chairman of Euro Manganese, commented:

"As a Board, we are encouraged by the progress reflected in this PEA and confident the Chvaletice Manganese Project can deliver on these terms for its shareholders, customers and stakeholders. The team has advanced the Project with a clear focus on technical rigour, capital efficiency, and responsible development. The phased construction strategy and strengthened economic profile demonstrate a thoughtful approach to building a long-life asset that can scale with market demand.

"With no operating manganese mines in Europe and as the only integrated high purity manganese producer in Europe and North America, the Chvaletice Manganese Project is uniquely positioned to become a cornerstone of Europe's emerging battery materials supply chain. The Project's strategic relevance, combined with its strong environmental credentials and growing commercial traction, reinforces our confidence in its long-term value. We believe the foundations are now firmly in place for Chvaletice Manganese Project to move toward the next stage of development and deliver meaningful returns for shareholders."

PEA SUMMARY AND ECONOMIC ANALYSIS

The PEA was completed by Tetra Tech Canada Inc. ("Tetra Tech"). A NI 43-101 technical report on the PEA will be filed under the Company's profile on SEDAR+ within 45 days of this news release and made available on the Company's website. A JORC report will be lodged with the Australian Securities Exchange ("ASX") ASX shortly thereafter.

The following summarizes the material assumptions used in, and the results of, the PEA, assuming a targeted start of production in 2032.

The Czech corporate income tax rate is 21%. In addition to the royalty of CZK 2,308 per tonne of unit Mn produced, the Czech Republic has various payroll and other taxes to generate revenue.

The Company has modeled the economics of this project conservatively from a tax perspective, with a full tax burden, based on Czech legislated tax rates.

Investment incentives exist in the Czech Republic and the European Union for certain, qualified investments, including investment tax credits, grants, and accelerated depreciation.

The Company is actively pursuing these non-dilutive funding opportunities, including investment tax credits, grants, and accelerated depreciation available under both Czech and EU frameworks.

Sensitivity Analysis

A sensitivity analysis for the Chvaletice Manganese Project was carried out to determine the effects of key variables in relation to the post-tax NPV of $492 million at a real discount rate of 8%. The results of the sensitivity analysis are presented in Table 3 below.

Initial and Sustaining Capital Estimates

Capital expenditure estimates have been prepared for both initial and sustaining capital. A projected summary timeline of scheduled capital costs is shown in Table 4.

The expected initial capital expenditures (Table 4) for the Project, inclusive of capitalized operating startup costs, as estimated by Tetra Tech, as of Q1, 2026, are $627.5 million, including all development-related costs that will be incurred prior to the envisaged commencement of commercial operations. Capital costs incurred after startup are assigned to sustaining capital and are projected to be paid out of operating cash-flows (also see Table 5). Contingencies on initial capital expenditure have been added at appropriate percentages to each component of the Project, excluding capitalized operating costs, resulting in an overall contingency of $66.7 million or 15.5% of direct costs.

The Project site is served by excellent existing infrastructure, including rail, highway, a gas pipeline, and water and is adjacent to an operating power plant. The proposed plant site is zoned for industrial use and is the site of the former process plant that produced the Chvaletice tailings.

New and refurbished infrastructure that will be built to service the Project include a tailings excavation and handling facility: a south and north site connection utility bridge for transporting tailings slurry, return water pipes and the tube conveyor that returns a mixture of non-magnetic tailings and washed leach residue to the residue dry stacking area; a magnetic separation beneficiation plant; enclosed and winterized process plant buildings and various reagent storage facilities and product warehouse; an upgraded rail spur system with related loading/unloading facilities; an internal road network; an incoming electrical 400kV high voltage grid connection including rectifiers, transformers, GIS switchgear, and local distribution step-down transformers; a process equipment maintenance workshop; a mobile fleet maintenance workshop; spare part and maintenance supply warehouses; a comprehensive water management system, onsite laboratories; and general administrative offices.

Operating Cost Estimate

Onsite operating costs are expected to average $181.99 per tonne plant feed ($4.14 per kg Mn equivalent) with offsite operating costs estimated to average $31.73 per tonne plant feed ($0.72 per kg Mn equivalent), as shown in Table 5.

Resource Estimate

Tetra Tech was engaged to oversee the planning and execution of sampling and assaying, to prepare the updated Resource Estimate for EMN's Chvaletice Manganese Project, to prepare the Technical Report in accordance with National Instrument 43-101 - Standards and Disclosures for Mineral Projects, and to prepare the independent JORC Code technical report in accordance with the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 Edition ("JORC Code"). The 43-101 Technical Report, entitled "Technical Report and Mineral Resource Estimate for the Chvaletice Manganese Project, Chvaletice, Czech Republic", with an effective date of December 8, 2018 ("the Mineral Resource Estimate"), was filed on SEDAR on January 28, 2019. The corresponding JORC Code technical report with an effective date of December 8, 2018, was lodged on the ASX on February 6, 2019.

No additional drilling or data collection pertaining to the technical disclosure of mineral inventory has been undertaken since the completion of the Mineral Resource Estimate, and the effective date for Mineral Resource Estimate is revised to April 27, 2026.

The Project's combined Measured and Indicated Resources now amount to 26,960,000 tonnes, grading 7.33% total manganese (tMn) and 5.86% soluble manganese (sMn), as detailed in Table 6 below.

PROCESSING FACILITIES DESCRIPTION

Tailings Extraction, Residue Storage Facility and Reclamation

In the tailings extraction plan, the three tailings cells will be excavated in a counterclockwise sequence, starting with Cell #3, followed by Cells #1 and #2. Tailings will be extracted using shovel excavators and hauled by truck to an intermediate re-pulping and a covered storage station located between Cells #1 and #2. The storage station will create a 5-day material stockpile. Re-pulped tailings will be fed to the magnetic separation plant via a slurry pipeline on a continuous basis.

A filtered blend of non-magnetic tailings and washed leach residue materials from the process plant will be conveyed using a tube conveyor to the storage station and placed and compacted in the Residue Storage Facility (RSF). The excavated area exposed after extraction of the existing tailings will be lined with a geomembrane liner. The RSF will be constructed in stages to suit residue storage requirements and progressively covered to limit the footprint of residue exposed to the air at any given time.

RSF design features include a geomembrane lined bottom, perimeter surface water diversion and a contact water collection system that is integrated with the overall site water management system. Dust management includes the implementation of modern dust suppression methods on open faces, interim stack surfaces and haul roads, as required.

Progressive reclamation will be undertaken as an integrated part of the residue stacking procedure. The filtered residue cover will consist of a low permeability soil and/or geomembrane cover to inhibit erosion and infiltration, and a growth layer to support vegetation growth.

The site is expected to be fully reclaimed and brought back into a productive community to be established in consultation with local communities, regulators and national government agencies. The RSF will be monitored during the post-closure period for geotechnical and environmental performance.

High Purity Manganese Products Production Facility

The processing facilities, including ancillary facilities, for HPMSM production from the CMP tailings were designed by Beijing General Research Institute for Mining ("BGRIMM") together with EMN and Tetra Tech, based on the comprehensive metallurgical test results conducted during the previous PEA and validated through bench scale tests during the feasibility study. Additional metallurgical tests to recover manganese from anode slimes from electrowinning circuit were also conducted to support this PEA.

The study was based on the design work completed for the 2022 Feasibility Study which included process circuit and process equipment optimization. Key equipment items were sized and selected based on the FS design by upgrading HPMSM circuit from the nominal capacity of 100,000 t/a to 150,000 t/a. In addition, two additional circuits, one for manganese recovery from anode slimes produced from the electrowinning circuit using reductive leaching and one for sodium and potassium removal from the HPMSM crystallization circuit by incorporating a high-temperature crystallization bypass system. One additional circuit to convert the magnesium carbonate from waste to a saleable by-product is incorporated into the magnesium removal circuit.

The CMP process plant has been designed for a nominal nameplate production capacity of 150,000 tonnes per annum of HPMSM by processing approximately 1.1 million tonnes of the historical tailings per year.

HPMSM is produced by converting HPEMM flakes produced by electrowinning process without the use of selenium and chromium. This product is expected to best meet the high purity manganese market demand anticipated in current and future battery formulations.

The CMP HPMSM product is designed to contain no less than 99.9% high purity manganese sulfate monohydrate and a minimum of 32.34% manganese and will be sold in powder form, produced without the use of fluorine.

The dried HPMSM powder product will be packed prior to being shipped in trucks or containers to customers .

The process includes following unit circuits:

• High-intensity wet magnetic separation circuit, upgrading the excavated tailings manganese grade to approximately 15% tMn for acid leaching.

• Magnetic concentrate sulfuric acid leaching, neutralization to remove impurities and solid-liquid separation.

• Pregnant leach solution deep purification to further remove heavy metals.

• Manganese electrowinning to produce high purity HPEMM (high-purity electrolytic manganese metal) flakes using a selenium free process.

• A magnesium removal process circuit to ensure efficient electrowinning operations and high-quality product and magnesium carbonate produced as a by-product.

• HPEMM dissolution, solution purification and HPMSM crystallization and drying to produce battery-grade HPMSM for sale.

• Other supporting circuits, such as ammonium recovery system, water management systems, steam generation. The proposed process flow sheet is illustrated in Figure 1 below.

Figure 1: Updated Simplified Process Flowsheet

To view an enhanced version of this graphic, please visit:
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ENVIRONMENTAL IMPACTS, PERMITTING AND COMMUNITY ENGAGEMENT

Environmental impacts are monitored over the long term as part of the project. The ESIA process was conducted in two phases, supplemented by several expert studies and on-site monitoring. The result of the ESIA process, which involved participation from relevant authorities and the public, is the positive Environmental and Social Binding Statement, which was issued by the Ministry of Environment in March 2024. The ESIA permit is a crucial permit demonstrating that the assessed impacts on individual environmental components and the social sphere are acceptable and that the project is feasible.

The assessment results show that the implementation of the project will not worsen existing environmental conditions and will not have negative social impacts. Furthermore, the realization of the project will reduce the identified contamination of groundwater and surface water in the tailings and its vicinity, where the source of the pollution is demonstrably deposited material. As the deposit is of anthropogenic origin and the mined material is a waste-product, this constitutes the reuse or recycling of waste, aligning with the principles of the circular economy. The aim of remediation and reclamation is to create a near-natural area with high biodiversity and stability, which will be used for recreational and sports activities.

The ESIA process is followed by a subsequent permitting process when a significant portion of the permits had already been obtained, such as the Permit for the location of the processing plant, the Permit for the location of the rail spur, Product registration under the EU's REACH Regulation, and other permits related to auxiliary activities (utility relocations, grid connection, and others). Another key permit is the Determination of the Mining Lease Permit, which was granted to MANGAN Chvaletice, s.r.o on January 23, 2025; this is another crucial permit which authorizes the company to conduct mining activities. In the following steps, the company will undergo the permitting process stipulated by the Building Act, followed by the final operating permit.

In 2026, the Company will continue to advance the permitting process under the Building Act, targeting completion of the final operating permit pathway in line with the feasibility study timeline. Each permitting milestone achieved further reduces Project risk and reinforces the Company's readiness to move into the next phase of development.

Key Highlights of the Social Commitment:

Significant Economic Catalyst: The Project will act as a primary economic driver in the Pardubice Region, creating 800-1,000 jobs during construction and providing stable, long-term employment for approximately 400 direct staff during operations, with a strong 85% local hiring commitment.

Commitment to Transparency: The Project has established a robust engagement framework, including a dedicated public information center in Chvaletice and dedicated digital platforms (project-specific website and online grievance tools).

Validated Social Acceptance: On March 27, 2024, the Czech Ministry of the Environment issued a favorable binding ESIA opinion, confirming that the Project meets the highest environmental and social standards. The Project currently faces no material barriers to acceptance, reflecting a strong Social License to Operate.

BENEFITS OF PEA AND NEXT STEPS

The PEA enabled the Company to optimize inputs based on current pricing, establishing the possibility for a two-stage construction strategy. This phased approach has the potential to allow for further optimization in phase two, lower upfront capital requirements, and enhance project economics by aligning investment with cash flow. The Company plans to explore this and other avenues to advance the Chvaletice Manganese Project further towards feasibility study, with targeted completion in H1 2027.

The Company will also continue to monitor high purity manganese markets and strategic sectors to which it contributes, including energy transition, grid-scale energy storage, e-mobility and aerospace and defence technologies. The Company will continue to engage with potential customers to secure additional offtake term sheets, pursue offtake agreements, and continue product testing.

In addition, during 2026, the Company is focused on the following key priorities to position the Project for its next development phase by:

• Advancing the financing strategy by securing funding for Project priorities and progressing strategic financing discussions with potential partners;

• Completing the acquisition of, or access to, the remaining land surface rights required for full Project development;

• Strengthening the Project's regulatory foundation through the continuous advancement of permitting, further reducing development risk and demonstrating Project readiness; and

• Maximizing non-dilutive capital by actively pursuing grants and incentives available from the EU and the Czech state.

Competent and Qualified Person Statement

All production targets for the Chvaletice Manganese Project referred to in this news release are underpinned by estimated Measured and Indicated Mineral Resources prepared by Competent Persons and Qualified Persons in accordance with the requirements of the JORC Code and NI 43 - 101, respectively. Additionally, the scientific and technical information included in this news release, is based upon information prepared, verified, and approved by Mr. James Barr, P. Geo, Senior Geologist, Mr. Jianhui (John) Huang, Ph.D., P. Eng., Senior Metallurgical Engineer, Mr. Hassan Ghaffari, P.Eng, M.A.Sc., Senior Process Engineer, Mr. Chris Johns, P.Eng, Senior Geotechnical Engineer, and Mrs. Maurie Marks, P.Eng, Senior Mining Engineer, all with Tetra Tech. Mr. Barr, Mrs. Marks, Mr. Ghaffari, Mr. Johns, Mr. Hasanloo and Mr. Huang are consultants to, and independent of, EMN within the meaning of NI 43-101, and have sufficient experience in the field of activity being reported to qualify as Competent Persons as defined in the JORC Code, and are Qualified Persons, as defined in NI 43-101. Mr. Barr is responsible for the Mineral Resource Estimate, Mr. Huang is responsible for the metallurgical test work results, process engineering, operating cost and capital cost estimates, environmental studies, permitting, and social or community impact. Mr. Ghaffari is responsible for infrastructure, Mrs. Marks is responsible for mining and financial analysis, Mr. Johns is responsible for design of the residue storage facility. Mr. Barr visited the property during the 2017 drilling program and again during the 2018 drilling campaign, on July 30-31st, 2018, during which time he observed the drilling, sample collection and preparation, sample logging and sample storage facilities. Mr. Huang visited the Project site on February 5, 2018 and May 3, 2022, as well as visited the Changsha Research Institute of Mining and Metallurgy Co. ("CRIMM") laboratory and pilot plant facility five times between January 20, 2017 and September 20, 2018 to witness sample preparation and test/assay facilities and to discuss the test program and results with CRIMM's technical team. Mr. Huang also visited the SGS Minerals Services (SGS) laboratory on June 29, 2017, and oversaw the bench scale validation test work completed by BGRIMM. Mrs. Marks, Mr. Johns and Mr. Ghaffari also visited the project site on May 3, 2022. Barr, Huang, Ghaffari, Johns and Marks have no economic or financial interest in the Company and consent to the inclusion in this news release of the matters based on their information in the form and context in which it appears.

In addition, technical information concerning the Chvaletice Manganese Project is reviewed by Dr. David Dreisinger, P. Eng, a Qualified Person under NI 43-101. Dr. Dreisinger has reviewed and approved the information in this news release for which he is responsible and has consented to the inclusion of the matters in this news release based on the information in the form and context in which it appears.

Cautionary Statement

The PEA is a high-level review of potential, is preliminary in nature, and there is no certainty that the economics in the PEA will be realized. The PEA results are not equivalent to, and should not be construed as, a Pre-Feasibility Study or Feasibility Study. Accordingly, investors are reminded that the PEA is considered preliminary in nature and includes estimated costs that are subject to an approximate margin error of plus or minus 35%. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and there is no guarantee the Project's resources will eventually be classified as reserves.

The projected process plant design, potential production profile and project plan are conceptual in nature and additional technical studies will need to be completed in order to fully assess their viability. There is no certainty that a potential production decision will be made, or that a commercial operation will be achieved.

A sensitivity analysis for the Project was carried out to determine the effects of key variables in relation to the post-tax NPV of US$492 million using a real discount rate of 8%. The results of the sensitivity analysis are presented in Table 3 of this announcement. Additional sensitivities from changes in capital and operating costs, recoveries, and metal prices are also included in Table 3.

The PEA is also based on the material assumptions outlined in this announcement. These include assumptions about the availability of funding. While EMN considers all of the material assumptions to be based on reasonable grounds, including those related to funding, there is no certainty that they will prove to be correct or that the range of outcomes indicated by the PEA can be achieved.

To achieve the range of outcomes indicated in the PEA, funding in the order of approximately US$670.9 million is assumed to be required for initial capital expenditures and working capital. It is anticipated that funding will be sourced through a combination of equity and debt, and possibly other means; however, given that the PEA is considered preliminary in nature, the Company expects to finalize its financing strategy for the Project in conjunction with, or after, the completion of the feasibility study.

Investors should note that there is no certainty that EMN will be able to raise that amount of funding when needed. It is also likely that such funding may only be available on terms that may be dilutive to or otherwise affect the fundamental value of EMN's existing shares. It is also possible that the Company could pursue other 'value realisation' strategies such as a sale, partial sale or joint venture of the Project. If such strategies are pursued, it could materially reduce EMN's proportionate ownership of the Project. Given the uncertainties involved, investors should not make any investment decisions based solely on the results of the PEA.

Euro Manganese is dual listed on the TSX-V and the ASX. Neither TSX Venture Exchange nor its Regulation Services Provider (as defined by TSXV policies) or the ASX accepts responsibility for the adequacy or accuracy of this release.

Authorized for release by the President and CEO of Euro Manganese Inc.

About Euro Manganese

Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) is a battery materials company developing the Chvaletice Manganese Project in the Czech Republic, Europe's only near-term source of high-purity manganese, a critical ingredient in next-generation electric vehicles, energy storage batteries and defence applications.

The Chvaletice Manganese Project aims to reprocess historic mine tailings to produce high-purity electrolytic manganese metal (HPEMM), and high-purity manganese sulphate monohydrate (HPMSM), establishing a fully traceable, low-carbon supply chain within the European Union.

Euro Manganese is positioned to become Europe's first domestic producer of high-purity manganese, meeting the rising demand for sustainable, strategic battery materials while advancing Europe's clean-energy and supply-chain independence goals.

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.

Forward looking information or statements include all of the results of the PEA, including estimates of internal rates of return (including any pre-tax and after-tax internal rates of return, payback periods, net present values, future production, estimates of cash cost, assumed prices for HPEMM and HPMSM and by-products, proposed extraction plans and methods, operating life estimates, cash flow forecasts, metal recoveries and estimates of capital and operating costs. Forward looking statements also include the possibility for a two-stage construction strategy, and the potential to allow for further optimization of the Project in phase two, with lower upfront capital requirements, and to enhance project economics by aligning investment with cash flow. The Company has based its assumptions and analysis on certain factors that are inherently uncertain, including (i) the adequacy of infrastructure; (ii) the ability to develop adequate processing capacity; (iii) the price of HPEMM and HPMSM and by-products; (iv) the availability of equipment and facilities necessary to complete development; (v) the size of future processing plants and future tailings extraction rates; (vi) the cost of consumables and extraction and processing equipment; (vii) unforeseen technological and engineering problems; (viii) currency fluctuations; (ix) changes in laws or regulations; (x) the availability and productivity of skilled labour; and (xi) the regulation of the mining industry by various governmental agencies.

Forward-looking statements also include statements regarding the Company's strategy for its Chvaletice Project, ability to access high purity manganese markets and strategic sectors to which it contributes, including energy transition, grid-scale energy storage, e-mobility and aerospace and defence technologies and sell its products, the ability to complete a feasibility study in 2027, and the Company's ability to navigate current market conditions. In addition, forward-looking statements include statements regarding the Company's next steps including: advancing financing efforts; seeking strategic partners, finalizing product testing, and negotiating offtake agreements with customers; Securing remaining land access; progressing key permits; and pursuing government funding.

All forward-looking statements are made based on the Company's current beliefs including various assumptions made by the Company, including that the Chvaletice Project will be developed and operate as planned, the results of the PEA are reliable, that the Company will have sufficient financing to continue operations, and that the Company will be able to meet the conditions of its secured financing. Factors that could cause actual results or events to differ materially from current expectations include, among other things: results from the PEA are not accurate; insufficient working capital; inability to meet the conditions of its secured financing, risks due to granting security, lack of availability of financing for developing and advancing the Chvaletice Project; no available government funding or incentives; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in electric vehicle battery markets and chemistries; risks related to fluctuations in currency exchange rates; and changes in laws or regulations by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended September 30, 2025, available on the Company's SEDAR+ profile at www.sedarplus.ca.

Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

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HONG KONG, May 12, 2026 - (ACN Newswire) - May 11, 2026, Gold Peak Technology Group Limited (SEHK: 40) completed a syndicated green and sustainability-linked loan facility (the “GSLL Facility”) of HK$675 million with 10 major banks. With Hang Seng Bank Limited as the mandated lead arranger and bookrunner, Shanghai Commercial Bank Limited is the mandated lead arranger and Malayan Banking Berhad the lead arranger. Other arrangers include Chang Hwa Commercial Bank, Ltd. Hong Kong Branch; Bank of Dongguan International Limited; China Zheshang Bank Co., Ltd. Hong Kong Branch; Taiwan Cooperative Bank, Ltd. Hong Kong Branch; Taiwan Shin Kong Commercial Bank Co., Ltd., Hong Kong Branch; First Commercial Bank, Ltd., Macau Branch; and Hua Nan Commercial Bank, Ltd., Offshore Banking Branch.

Notwithstanding the challenging global environment, this HK$675 million GSLL Facility underscores strong confidence and backing from the banking sector in Gold Peak’s commitment to, and track record of, upholding and advancing Environmental, Social, and Governance (“ESG”) principles.

Victor Lo, Chairman & Chief Executive of Gold Peak, said, “Gold Peak remains steadfast in its commitment to long-term sustainable development and has consistently demonstrated its ability to deliver in this area. The establishment of the GSLL Facility not only validates our strategic direction but also enables us to explore innovative financing options and adopt operational best practices that will drive sustainable business growth.”

Dr Brian Li, Vice Chairman and Executive Vice President of Gold Peak, commented, “As a prominent player in the batteries, audio, and electronics industries, Gold Peak is committed to embedding sustainability into every aspect of its operations. We have made solid and measurable progress in advancing our sustainability strategy, reflecting our dedication to responsible corporate citizenship and long-term value creation.”

“We champion the use of rechargeable batteries to reduce waste. Our GP Recyko rechargeable range has been met with strong market acceptance, and we are continuously improving our charging efficiency to enable full charging in just one hour, a boost to shifting the consumers’ habit from single-use batteries to rechargeables.”

“We continued to reinforce our packaging sustainability efforts by replacing plastic packaging with paper-based alternatives for more than 1,000 GP-branded consumer battery products across Europe. As a result of this initiative, we achieved an annual reduction of 48 tons of plastic and 30 tons of material waste.”

GP Energy Tech, the Group’s sustainable energy solutions business, reached a key milestone with the opening of our first Nickel Zinc (NiZn) manufacturing facility in Dongguan, China, in January 2026. This marks an important step toward positioning Gold Peak to develop next- generation NiZn battery solutions, engineered to enhance immediate power performance through high power density, improved recyclability, and non-flammable characteristics.

The NiZn batteries are designed to provide reliable, sustainable power for Uninterruptible Power Supply (UPS) systems for data centers and other critical infrastructures. Through the GSLL Facility, the Group will receive funding to further advance the NiZn initiative — supporting progress toward a safer and more sustainable future.

Gold Peak views sustainability as a crucial value driver for achieving profitable, long-term growth. In FY24/25, it achieved a 4% year on year reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to FY23/24 baseline year. It remains committed to its interim and long-term reduction targets as follows:

- a 20% reduction by 2030 compared to the FY23/24 baseline;

- a 60% reduction by 2040; and

- the achievement of net-zero operational emissions (i.e., 100% reduction) by 2050.

Among many sustainability awards, six of the Group’s battery manufacturing facilities have achieved Zero Waste to Landfill Platinum and Gold validation from UL Solutions, demonstrating its commitment to diverting 95-100% of waste from landfills through effective waste reduction and diversion strategies. Additionally, GP Batteries and GP Energy Tech have gained EcoVadis Bronze medal during FY25/26. The Group is also continuously ramping up the solar panels in factories to realize its decarbonization goals.

Regina Lee, Head of Commercial Banking at Hang Seng Bank Limited, said, “This syndicated facility reflects the market’s confidence in Gold Peak’s long-term strategy and sustainability efforts. Hang Seng Bank is honoured to act as sole mandated lead arranger and bookrunner for a green and sustainability-linked loan facility, delivering a structure that incentivises performance against clear sustainability targets and supporting the Group’s continued investment in rechargeable battery manufacturing. Building on our long-standing relationship with Gold Peak, we’ll continue to work closely with the Group to align financing with sustainability outcomes, creating long-term value for stakeholders and the wider community.”

The 3-year GSLL Facility features a tiered incentive mechanism that rewards progress toward sustainability targets, with Gold Peak eligible for an interest rate reduction upon achievement. Gold Peak plans to deploy the proceeds to further strengthen its financial position, accelerate the expansion of its rechargeable battery and sustainable energy solutions businesses, support long-term investment in advanced manufacturing technologies, drive operational excellence, and deepen its commitment to green and sustainable business practices.

(Center) Brian Li, Vice Chairman and Executive Vice President of Gold Peak, signed the GSLL Facility of HK$675 million with 10 major banks.

(7th from the left) Victor Lo, Chairman and Chief Executive of Gold Peak, expressed gratitude to the banks for their continued and unwavering support of the GSLL Facility.

Gold Peak Technology Group Limited 
Charlotte Wong
Senior Manager, Corporate Communications
Tel: (852) 2485 5328
Email: charlotte_wong@goldpeak.com

AJA Capital Limited
Avy Yu / Janet Louie
Tel: (852) 9500 4443 / (852) 9155 5615
Email:avy.yu@ajacapital.com.hk / janet.louie@ajacapital.com.hk

About Gold Peak

Gold Peak Technology Group is a global battery and electronics company with an aspiration to become one of the leaders in providing energy and sound solutions that enlighten and empower lives, and with sustainability as a focus.

The parent company, Gold Peak Technology Group Limited (SEHK: 40), was established in 1964 and has been listed on the Stock Exchange of Hong Kong since 1984. Gold Peak holds a majority stake at 86.18%* in the Singapore-listed GP Industries Limited as its major industrial investment vehicle and operates manufacturing, R&D, marketing and distribution operations in more than 10 countries around the world.

Gold Peak Technology Group Limited not only develops its consumer batteries, electronics and audio products, but also puts great emphasis on R&D of new rechargeable battery and B2B battery technologies. The Group has built renowned brand names for its major product categories, including GP batteries, GP Recyko batteries, KEF premium audio products and Celestion professional speaker drivers.

www.goldpeak.com

(* shareholding % as at 11 May 2026)

HONG KONG, Apr 23, 2026 - (ACN Newswire) - The 3rd Smart Lighting Expo and the 17th Hong Kong International Lighting Fair (Spring Edition), organised by the Hong Kong Trade Development Council (HKTDC), successfully concluded today at the Hong Kong Convention and Exhibition Centre. The four-day fairs brought together some 900 exhibitors and attracted some 13,000 buyers from 114 countries and regions for on-site visits and sourcing. Buyer numbers recorded growth, including those from Asian markets such as Malaysia and the Philippines; European markets including France, Germany, the Netherlands, Russia and Türkiye; and North and South American markets, including Brazil, Canada and the US, highlighting Hong Kong’s role as a key global hub for lighting products and technology exchange.

Jenny Koo, Deputy Executive Director of the HKTDC, said: "This year’s two lighting fairs attracted industry-leading enterprises who showcased cutting-edge high-performance, smart lighting and sustainable products and solutions. The events also attracted quality buyers from global markets. This helps companies diversify supply chains, explore new markets, and underscores Hong Kong’s strength as an ‘International Exhibition Capital’ which boosts efficient business platforms. The fairs are the preferred platform for the industry to showcase innovation, connect with global buyer networks and accelerate business development.”

Survey findings: Respondents were most optimistic about the India and Australia markets

To keep abreast of the latest industry developments, the HKTDC conducted an on-site survey during the fairs, interviewing 450 exhibitors and buyers. The findings show that overall confidence among exhibitors and buyers in future business development has shown a general increase.

Key market outlook and product trend findings:

49.1% of respondents expect overall sales to increase in the next 12 to 24 months, while 47.6% expect sales to remain stable.Respondents consider India (73.4%), Australia (71%), ASEAN countries (70.4%), and Japan (68.1%) to be promising or very promising target sales markets for lighting products over the next two years in terms of growth.In terms of new market development, exhibitor respondents are actively exploring Middle East (31.8%), Europe (29.5%), ASEAN countries (23.9%), Latin America (17.6%) and North America (14.8%).In the smart lighting segment, respondents identified home automation and intelligent lighting control systems (48.2%), energy saving lighting control solutions (38.2%), and outdoor smart security lighting systems (31.1%) as having the greatest growth potential over the next two years.Compared with conventional lighting products, respondents indicated that consumers are willing to pay an average premium of 29% for lighting products equipped with smart functions.

Scenario-based displays and new zones enhance sourcing effectiveness, with positive trade outcomes

The newly launched “Light Lab” features various scenario-based and immersive designs, integrating lighting products into landscape, sports, cultural and artistic application settings. Shanghai Sansi Electronic Engineering showcased plant clamp lights and compact downlights suitable for museum applications. Guoli Zhu, Deputy Chief Engineer of the company said: “The Light Lab has effectively enhanced the presentation of our products, enabling buyers to more intuitively and swiftly grasp product features and their real-world application scenarios. This has successfully attracted buyers from Argentina, Canada, Germany, India, Japan and the US to visit our booth for in-depth discussions. We expect this to result in orders worth over US$1 million.”

The Smart Lighting Expo also debuted the “Smart Display and Stage Lighting & Sound Zone” which displayed a wide range of intelligent display solutions. Industry leader Absen participated in the fair for the first time. Benjamin Tang, Senior Sales Engineer, said: “The new zone has effectively enhanced product visibility, attracting buyers from Eastern Europe, Oceania, North America, South America, and South Asia to our booth. These inquiries came from new clients across key sectors such as cultural tourism and stage engineering. We have also successfully engaged in several promising collaboration discussions with potential clients from the Dominican Republic, Hong Kong and Thailand, further strengthening the company’s market expansion plan. We estimate the value of orders from the expo will amount to US$930,000. Riding on this momentum, we have decided to join the Hong Kong International Lighting Fair (Autumn Edition) this year.”

The newly launched “Leisure Lighting Zone” has injected new momentum into the Spring Lighting Fair. Rebecca Seo, CFO of NIZ, a first-time exhibitor from Korea, said: “The fair has provided us with an excellent platform to connect with international buyers. We have successfully connected with buyers from Denmark, Germany, Japan, and the US, and a well-known Japanese homeware retailer has already placed an on-site order. Thanks to the strong traffic generated by the new zone, we expect the fair to bring up to US$70 million in orders for our company this year."

Supported by Zhongshan as the Special Partner City, the fairs featured the Zhongshan Guzhen Pavilion and Zhongshan Henglan Pavilion under the Zhongshan Smart Home Zone, presenting the manufacturing strength and competitiveness of the region’s lighting industry while supporting enterprises in “going global”. Merry Liu, Manager of Bairan Lighting, an industrial enterprise above designated size in Henglan, Zhongshan, said: “The two lighting fairs provide Zhongshan enterprises with an efficient ‘go-global’ gateway, enabling us to connect directly with buyers from Europe, the Middle East, South America, and Southeast Asia. This helps drive our products and brand onto the international stage. We expect to achieve US$2 million in sales.”

During the fair, the HKTDC organised a buying mission to Zhongshan for the first time, visiting several lighting factories and participating in business matching meetings. This initiative aimed to deepen exchange and cooperation within the Zhongshan lighting supply chain. The visit successfully facilitated several substantive business collaborations; New Zealand buyer Spark100 Ltd established a connection with a Zhongshan lighting supplier, with a potential order value estimated between US$100,000 and US$300,000.

This year’s exhibition also attracted buyers from the Middle East. Patrick Zhang, VP of sales of Tecnon Lighting Technology from the Shenzhen Pavilion, stated: “At this year’s fair, a buyer from the United Arab Emirates and a US buyer from a leading women’s fashion brand are likely to become our cooperation partners. We expect to generate US$2 million in sales turnover for our company.”

As construction projects in the ASEAN region accelerate, market demand for smart lighting solutions continues to expand. Sambath HK, Manager of RS Decoration from Cambodia, stated, “I travelled here specifically to source lighting products for 14 new commercial building and luxury residential projects. I have already met with over 20 new suppliers and identified two potential partners offering smart street lights, solar lights, and decorative lighting products. I will initially purchase US$100,000 worth of smart street lights.”

Driven by the Belt and Road Initiative, urban development in participating countries and regions are in full swing, fuelling a continuous surge in demand for high-efficiency and smart lighting products. Aigerim Beisekina, Supply Manager of Karelz.kz from Kazakhstan, said: “This is our first time visiting the twin lighting fairs, to find reliable suppliers for a solar-powered stadium and sports lighting for three international schools currently under construction in Kazakhstan. Through the Click2Match business matching platform, we have identified three potential suppliers from the Chinese Mainland and plan to purchase lighting equipment valued between US$600,000 and US$900,000.”

During the fairs, multiple professional events were held, including the Asian Lighting Conference and the Smart Lighting Solutions Forum. Designers and industry representatives from different regions shared market trends, application cases and technological developments, providing forward-looking market insight for the industry.

EXHIBITION+ model sustains post-fair business opportunities

Under the hybrid EXHIBITION+ model, the twin lighting fairs combined in-person sourcing with online meetings via the HKTDC’s Click2Match smart business-matching platform and hktdc.com sourcing platform. Click2Match will be available until 30 April to facilitate discussions between exhibitors and buyers around the world.

Photo download:  https://bit.ly/42m6sqD

Websites

Hong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.com/tc
Smart Lighting Expo: smartlightingexpo.hktdc.com/tc
HKTDC Mediaroom: http://mediaroom.hktdc.com/en

Media enquiries

HKTDC’s Communications & Public Affairs Department:
Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.org
Navin Law Tel: (852) 2584 4525  Email: navin.cm.law@hktdc.org
Serena Cheung Tel: (852) 2584 4272 Email: serena.hm.cheung@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

SUNNYVALE, CA, Apr 22, 2026 - (ACN Newswire) - Graid Technology, the pioneer in GPU-accelerated NVMe storage, today announced its Agentic AI Storage Portfolio: a purpose-built family of KV cache solutions designed to eliminate the storage bottleneck that stalls "always-on" production AI. The portfolio spans three deployment tiers: KV Cache Server, KV Cache Rack, and KV Cache Platform, all built on SupremeRAID™ technology. KV Cache Platform, the portfolio's highest tier, is purpose-aligned to NVIDIA's STX reference architecture, with native BlueField-4 DPU execution on the roadmap for H2 2026.

As agentic AI moves from experimentation to production, the infrastructure assumptions that underpinned single-shot inference have broken down. Models running continuous multi-step tasks and maintaining context across hours of operation generate KV cache demands that overwhelm GPU HBM. The result: latency spikes up to 18x, GPU utilization as low as 50%, and model-level failures, including hallucinations and reasoning degradation, that are difficult to detect and costly to recover from.

SupremeRAID™ addresses this directly, aggregating up to 32 NVMe drives into a single 280 GB/s virtual pool, bypassing the CPU via GPU Direct Storage, and delivering KV cache reads at 1.3ms- 77x faster than standard NVMe. The three portfolio tiers bring this capability to every deployment scale:

KV Cache Server - single-node NVMe acceleration for individual inference servers and edge AI deployments. Available now.

KV Cache Rack - rack-scale, partner-validated solutions co-engineered with leading server OEM partners for enterprise multi-GPU clusters. Available now.

KV Cache Platform - Purpose-built for NVIDIA's STX reference architecture, with native BlueField-4 DPU execution and rack-scale storage expansion on the roadmap.

"A year ago, at GTC 2025, Jensen Huang predicted that storage would become GPU-accelerated for the first time. This year, NVIDIA turned that concept into an architecture with STX and CMX," said Leander Yu, CEO of Graid Technology. "Our KV Cache Portfolio is built for precisely this moment, delivering the storage performance that agentic AI demands, at storage-tier economics."

For enterprises and infrastructure teams evaluating agentic AI deployments, the full deployment architecture, technical specifications, and NVIDIA STX compatibility details are available in the solution brief: Graid Technology Agentic AI Storage Portfolio: Purpose-built KV Cache Solutions for Inference at Scale.

To learn more about Graid Technology's AI offerings, visit graidtech.com/ai.

Media Inquiries:
Andrea Eaken, Sr. Director of Marketing, Americas & EMEA
andrea.eaken@graidtech.com

About Graid Technology

Graid Technology is building the storage backbone for the future of AI, enterprise, and high-performance computing. As the creator of SupremeRAID™, the world's first and only GPU-based RAID, and the global steward of Intel® Virtual RAID on CPU (Intel® VROC), Graid Technology delivers flexible RAID solutions that maximize NVMe performance while ensuring resilient, scalable data protection for modern data infrastructure. Headquartered in Silicon Valley with global operations and R&D in Taiwan, Graid Technology is advancing RAID innovation for the next generation of data-intensive workloads. To learn more, visit graidtech.com.

SOURCE: Graid Technology Inc.

HONG KONG, Apr 20, 2026 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), the 3rd Smart Lighting Expo and the 17th Hong Kong International Lighting Fair (Spring Edition) open today and will run for four consecutive days from 20 to 23 April at the Hong Kong Convention and Exhibition Centre (HKCEC) in Wan Chai. Under the theme “Go Smart, Live Green”, the twin lighting fairs introduce a number of new zones this year, including the debut of “Light Lab”, which focuses on lighting solutions that combine innovation and sustainability, unveiling the latest lighting trends for 2026.

Jenny Koo, Deputy Executive Director of the HKTDC, said: “This year’s twin lighting fairs bring together some 900 exhibitors, including new exhibitors from the Netherlands and Vietnam. A number of industry leaders are participating, including Absen, whose LED displays were in use at the World Cup and World Expos, and has been ranked first nationally in LED display exports for 16 consecutive years, and Shanghai Sansi, which supplies over 60% of the screens in Times Square, New York. Overall, our exhibitor lineup is strong. As one of the key events of Business of Innovation and Technology Week (BIT Week), the Smart Lighting Expo focuses on cutting edge lighting technologies and applications. This year, the newly launched Smart Commercial Display & Stage Audio-Visual Zone features lighting products and equipment related to cultural tourism and performing arts. As top-tier trade events for lighting products and technologies, the twin lighting fairs not only help promote Hong Kong as an international innovation and technology hub but also support the development of the megaevent economy by fostering cross industry exchange and collaboration.”

According to Statista, the global smart lighting market is expected to reach US$44 billion by 2030. An analysis released by the International Energy Agency in March said that a second wave of LED transformation is imminent. In regions including Africa, Latin America and the Asia Pacific (excluding India and Chinese Mainland), LED penetration remains relatively low. In the residential sector alone, around 30% of lighting fixtures worldwide have yet to be upgraded, creating opportunities for high efficiency LED technologies. At the same time, early generation LED products, which account for nearly 15% of global residential lighting fixtures and have an average lifespan of 10 to 15 years, are gradually reaching the end of their service life, creating opportunities for high efficiency and more intelligent lighting systems.

Against the backdrop of surging demand for high efficiency and intelligent lighting, this year’s fairs curate multiple highlights that bring advanced lighting technologies into real world application scenarios. The newly introduced “Light Lab” in Hall 3 features three scenario-based designs that present a range of products in an immersive manner, allowing visitors to experience their characteristics in different settings. The Lumin Garden displays garden lighting, smart lamp posts and solar luminaires. Shanghai Sansi LED Lighting presents plant lighting fixtures that use proprietary independent ceramic technology, delivering heat dissipation efficiency superior to metal structures. Combined with precise spectral control and professional optical systems, the solution meets the needs of plants at different growth stages.

The Lumin Arena showcases professional grade lighting performance with stadium lights and high bay lights. Foshan Electrical and Lighting, which provides lighting for the China National Youth Football Training Centre, presents its new overseas sports lighting product, the F Series stadium lights, manufactured using full aluminium forging technology. Under the same illuminance level, the lights are 20% to 45% lighter than traditional fixtures and use high thermal conductivity 1060 pure aluminium, effectively reducing LED chip operating temperatures. With a lifespan of up to 100,000 hours, maintenance requirements are significantly reduced. The Lumin Gallery focuses on high-end museum lighting, displaying modular track lights and spotlights that highlight the integration of precise light control and aesthetics. Guangdong ThinkGis presents ultralow glare spotlights that emphasise glare control, reducing eye stimulation through specialised optical design and enhancing operational comfort and safety.

As for the group pavilion, the twin lighting fairs receive strong support from Zhongshan City, as a Special Partner City this year, bringing the Zhongshan Guzhen Pavilion and Zhongshan Henglan Pavilion to form the Zhongshan Smart Home Zone, showcasing competitive lighting manufacturing capabilities and innovative solutions. The Shanghai Pudong Intelligent Lighting Association participates in the Smart Lighting Expo for the third consecutive year, setting up the Smart Ecosystem and IoT Supply Chain Area, together with brands including BWEETECH, AIDimming, Darkoo and TYF, presenting the latest developments in smart lighting and IoT solutions. In addition, pavilion from Shenzhen also participate, while the Spring Lighting Fair brings together pavilion from Xiamen, as well as new pavilions from Changzhou Zouqu and Zhejiang, further expanding industry exchange.

Four major lighting trends move forward in parallel, showing new directions in smart, low carbon, immersive and human centric lighting

As artificial intelligence technologies continue to mature, lighting products are no longer limited to basic illumination functions. Instead, they integrate design, aesthetics, health, personalised experiences and sustainability, and even become an important part of urban and social infrastructure. Exhibitors at the Smart Lighting Expo and Spring Lighting Fair fully demonstrate the four major lighting trends currently taking shape in the market.

Smart lighting: enhancing flexibility and scenario experience through technology

Many exhibitors focus on intelligent control and scenario-based applications to enhance the flexibility and user experience of lighting systems. BWEETECH (Booth: 1B-E18) showcases its Bwee Smart Control Knob, which has won the MUSE Design Award and iF Design Award. The product supports the Zigbee protocol and integration with platforms such as Apple Home, offering stepless dimming from 1% to 100% and millisecond level response, enabling easy whole home smart control. KC Lighting (Booth: 1E-A02) presents its M7 Micro 48V Track System, which supports Casambi and DALI smart control. With its ultra slim and flexible design, the system meets the needs of precise lighting layout and scenario management in residential and high-end commercial spaces.In addition, Xiamen PVTECH (Booth: 1E-B02) introduces its off grid intelligent lighting control panel, featuring multiple preset office and meeting room scenarios and one touch human-centric lighting (HCL) switching, demonstrating the practical application potential of smart lighting in workplace environments.

Green lighting: driving low carbon transformation and sustainable development

Many products on display cleave to the trend of green lighting, which helps the industry advance low carbon transformation. Absen (Booth: 1BB01) showcases its A25 Series low carbon energy saving LED display, which consumes less than one kilowatt hour of electricity per square metre per day and delivers over 50% energy savings compared to traditional solutions. Guangdong Zhongqian New Energy (Booth: 1B-E02) presents solar street lights powered by renewable energy, equipped with sleep mode and long-lasting battery life, suitable for smart city and public lighting applications.Meanwhile, Ningbo Yadu Lighting (Booth: 1D-E18) introduces solar garden lights that combine solar power with USBC charging, providing long duration illumination for residential and outdoor environments.

Entertainment lighting: creating immersive light and shadow and interactive experiences

A wide range of lighting products emphasise interactive lighting effects and immersive experiences, injecting new elements into performances, gaming and cultural settings. Zhongyuan Innovation (Booth: 1B-D11) presents its Ambit 3 + Spot GREENTEK dynamic backlight, supporting 16 million colours and synchronised audiovisual lighting effects, designed specifically for gaming and entertainment environments. Zhongshan Walton Lighting (Booth: 1BC05) showcases its Gobo Projection Light that supports DMX512 control and multiple dynamic animation effects, widely used in stages, events and tourist attractions. Ledmy (Booth: 3E-B02) introduces its 360-degree neon lighting series, featuring uniform omnidirectional illumination and high design flexibility, commonly applied in stadiums, cultural projects and landmark developments.

Human centric lighting: enhancing visual comfort and quality of life

The fairs also feature products that leverage visual comfort for physical and mental wellbeing. Shenzhen Norming Lighting (Booth: 1E-C24) presents dim-to-warm track lights with colour temperature that changes naturally with brightness, high colour rendering and flicker free design, enhancing comfort in dining and living spaces. In addition, Mascuge (Booth: 3E-A03) introduces an aroma diffuser humidifying lamp that integrates soft lighting with aromatherapy and humidification, creating a relaxing lighting environment for homes and leisure spaces.

Two Major Forums Examine Market Hot Topics

In addition to exhibition displays, the twin lighting fairs host a series of events to foster industry exchange. A highlight of the Spring Lighting Fair, the Asian Lighting Forum, will be held on 20–21 April, under the themes “Luminous Spectacle: Immersive Entertainment Lighting Experience” and “LightScape Aesthetics: LuminArt in Landscape and Public Space Design”. Award-winning lighting designers, including concert lighting expert from ANH Design Company (Taiwan) and the Bund’s landscape lighting designer from Tungsten (Shanghai), will share the latest trends in immersive entertainment lighting and outdoor lighting.

Meanwhile, the Smart Lighting Solution Forum at the Smart Lighting Expo will be held on 21 April under the theme “Illuminating Smart Living: Infinite Possibility of Light”. Industry experts will discuss smart home lighting, human-centric entertainment lighting, and the development of the lighting supply chain ecosystem, helping the industry grasp future application directions.

Exhibitor Opple Lighting, as the official partner of the buyers’ VIP lounge at the Hong Kong International Lighting Fair (Spring Edition), is showcasing its SDL smart spectral lighting technology, and will also participate in on‑site product promotions and launch events.

Photo download:https://bit.ly/3QbJEr1

Websites

Hong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.com/

Smart Lighting Expo: smartlightingexpo.hktdc.com/

Exhibition Event: https://www.hktdc.com/event/smartlightingexpo/tc/programme

HKTDC Media Room: http://mediaroom.hktdc.com/en

Media enquiries

About HKTDC

The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. 

HONG KONG, Apr 16, 2026 - (ACN Newswire) - InnoEX, jointly organised by the Innovation, Technology and Industry Bureau (ITIB) of the Hong Kong SAR Government and the Hong Kong Trade Development Council (HKTDC), and the HKTDC’s Hong Kong Electronics Fair (Spring Edition) (EFSE), both concluded today. The four-day exhibitions were a resounding success, attracting over 88,000 buyers from 155 countries and regions for connection building and business matching. Buyers from outside Hong Kong mainly came from the Chinese Mainland, Japan, India, the United States, and Korea, among others.

Jenny Koo, Deputy Executive Director of the HKTDC, said: "InnoEX and EFSE bring together elites from the global innovation, technology, and electronics industries, and leverage Hong Kong's unique advantage of connecting the Chinese Mainland and the world. The HKTDC provides a crucial platform connecting global innovation and technology by assisting Chinese Mainland enterprises in expanding overseas and seizing global business opportunities and also offering global enterprises a springboard to enter the Asian and Chinese Mainland markets. The HKTDC helps enterprises from various regions master cutting-edge technologies, promotes in-depth cross-industry and cross-sectoral exchanges and application transformation, and also promotes Hong Kong's development as an international innovation and technology hub."

Both exhibitions align with China’s 15th Five-Year Plan and the innovation and technology policies in the Hong Kong Government’s latest Budget, which focus on cutting-edge technologies and market applications driven by AI. The newly launched RoboPark brought together technology companies from Hong Kong, the Chinese Mainland and overseas. RoboPark featured over 100 robots in a variety of application scenarios. Among the exhibitors at the RoboPark, UBTECH is the world’s first humanoid robot company listed in Hong Kong. As one of the top five global humanoid robot vendors by sales[1], UBTECH engaged with potential buyers from the Chinese Mainland, the United States, Europe and Southeast Asia during the fair. The company reported that its participation delivered results well beyond expectations, underscoring the exhibition’s strong international reach.

Global buyers gather and enterprises expand into overseas markets via exhibitions

InnoEX focused on five key areas: AI+, Robotics, the Low-altitude Economy, Property Technology and Retail Technology, presenting a comprehensive showcase of innovation and cutting‑edge technology solutions. The fair brought together exhibitors from 21 countries and regions. Both the UK Pavilion and the Macao Pavilion welcomed the strong turnout of high‑quality buyers, with exhibitors from the Macao Pavilion alone holding more than 280 business meetings during the first three days of the exhibition.

In addition, the exhibition featured participation from universities, research institutes and leading technology enterprises, including Huawei, China Mobile Hong Kong, HKT and Lenovo. Beyond exhibiting, Huawei organised Huawei Hong Kong Tech Week 2026 concurrently with InnoEX. Through 12 themed events and industry‑specific forums, Huawei explored innovative applications and real‑world practices of Artificial Intelligence+ across various sectors, generating strong synergy with InnoEX and further enriching the exhibition’s thought‑leadership programme.

The Chinese Mainland pavilions comprised from 17 provinces and municipalities. Among them, Zhongguancun Beijing Hong Kong-Macao Youth Innovation Center which has been bringing delegations to the fair since its inaugural edition, said that the 10 high‑quality technology enterprises in this year’s delegation span a wide range of frontier technology sectors, including artificial intelligence, intelligent robotics, the low altitude economy and application‑specific chips. On the first day of the exhibition alone, the delegation attracted strong interest from relevant institutions and enterprises from Brazil, Germany, India, Japan, Malaysia, South Korea and the Middle East.

EFSE showcased smart living electronics and new products attracting buyers' attention

The EFSE presented three major areas, including Smart Home & Solutions, Health Tech & Gadgets, and Pet Intelligence, with around 60 products being launched for the first time. Among them, local company HelloBaby, which specialises in the research, development and sales of baby monitor products, showcased its latest product at the fair. Qin Zhihui, Sales Director at HelloBaby, said: “The exhibition is highly international in character, and we participate every year. Our buyers mainly come from Japan, Korea, Singapore and other Asian markets.”

Buyers noted that EFSE is a strong brand‑focused platform, enabling companies to connect successfully with Chinese Mainland and global markets through Hong Kong’s international platform. Carmate Electronics Pty Ltd, an Australian manufacturer of automotive electronics, said it had successfully engaged with a number of high‑quality buyers from markets, including Brazil, Mexico, Belgium and Indonesia, through EFSE. The company recorded potential transactions of around US$200,000 on the first day and expects follow‑up orders to reach US$400,000 to US$500,000. Michael Lin, General Manager of the company, noted that amid heightened China‑US tensions, Hong Kong’s unique role as an international platform has positioned the city as an important bridge between overseas and Chinese Mainland enterprises, generating valuable business opportunities. He described the exhibition as highly fruitful and confirmed the company’s participation again next year.

In addition to one‑stop sourcing, buyers also gained valuable insights into industry trends. Pari Jazz, a buyer from Germany‑based P.J Global Way Management Ltd, said that the exhibition not only enabled her to place orders, but also helped her stay abreast of the latest market trends and technological developments. Overall, she found the experience highly rewarding. During the fair, she arranged around 12 business meetings, engaging with exhibitors from Hong Kong, the Chinese Mainland and Denmark, meeting approximately 10 to 13 contacts in total, and identifying two to three potential partners with good prospects for collaboration.

Over 100 events with 260+ speakers decoding new industry trends

InnoEX and EFSE invited many well-known technology companies, industry experts and scholars to share the latest industry trends, technological innovations and practical experiences with buyers, promoting in-depth exchange and cooperation. This year, more than 260 speakers shared their insights across the fair’s five major thematic areas.

In the area of AI+, the Hong Kong Computer Society co-organised the session ‘From +AI to AI+: Enhancing Workplace Performance’ during the exhibition, where representatives from HKT Limited, Lenovo and CLP joined other industry leaders to exchange insights and foster greater innovation collaboration. InnoEX, for the first time, co-organised the ‘Low-altitude Economy Development Conference’ with the Working Group on Developing Low-altitude Economy and the Greater Bay Area Low-altitude Economy Alliance. Distinguished guests included Michael Wong, Deputy Financial Secretary of the HKSAR; Liu Chun-san, JP, Under Secretary for Transport and Logistics, HKSAR Government; Bakhtiyar Mukhametkaliyev, Vice Minister of Artificial Intelligence and Digital Development of Kazakhstan; and Professor Zhang Qingxin of the Liaoning General Aviation Academy, who shared insights on the development opportunities of the low-altitude economy across Hong Kong, the Chinese Mainland, ASEAN and Central Asia.

Another highlight was the thematic seminar ‘Embodied AI in Robotics: The Dawn of Autonomy,’ which explored the rise of embodied artificial intelligence in robotics, marking a new era where autonomous systems are capable of independent decision-making and executing complex tasks. Distinguished speakers included Prof Xuguang Lan from the School of Artificial Intelligence at Xi’an Jiaotong University and Kristine Mo, Vice President of Global Market and Ecosystem at AI² Robotics,  who shared how AI-driven robotics are transforming industries such as education, entertainment and services, while delving into technological breakthroughs, ethical considerations and future applications.

Some 80% of respondents have explored or adopted generative AI technologies

To further understand the development trends of the innovation and technology as well as the electronics industry, an independent institution was appointed to conduct surveys during the fairs, interviewing 347 exhibitors and buyers at InnoEX and 648 exhibitors and buyers at EFSE. Key findings are as follows:

InnoEX and EFSE

81% of respondents expressed interest in expanding into emerging markets, including Europe, ASEAN, the Chinese Mainland, and Latin America.78% of respondents indicated that their companies have already explored or adopted generative AI technologies.

InnoEX

In terms of applications of generative AI, 42% of respondents said they have applied or are planning to apply it to sales and customer communications, 40% to data analysis and reporting, while 39% plan to deploy it in product design and research and development.

EFSE

59% of respondents expect their overall sales revenue to increase in the next one to two years.33% of respondents believe that, compared with traditional electronic products and appliances, consumers are willing to pay a premium of 11% to 20% for products that support smart home or artificial intelligence applications.

[1]Source: Omdia Market Radar: General-purpose Embodied Intelligent Robots, 2026, published on 8 January 2026.

Photo download: https://bit.ly/3Qt7Fd3

Websites

InnoEX: innoex.hktdc.com/en

Hong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/en

Media enquiries

Yuan Tung Financial Relations:

Salina Cheng Tel: (852) 3428 2362 Email: salcheng@yuantung.com.hk

Tiffany Leung Tel: (852) 3428 2361 Email: tleung@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:

Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.org

Navin Law Tel: (852) 2584 4525 Email: navin.cm.law@hktdc.org

Serena Cheung Tel: (852) 2584 4272 Email: serena.hm.cheung@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. 

Rising to the Top in Half a Year: A Precisely Timed Market Breakthrough

According to Frost & Sullivan, Victory Giant Technology’s global market share in AI and HPC PCBs reached 13.8% in the first half of 2025, ranking first, compared with only 1.7% (seventh place) for the full year of 2024. This rapid rise within just half a year was not coincidental, but rather the result of accurately capturing the surge in demand for high-build-up HDI boards used in AI servers. Supporting data shows that in 2025, Victory Giant’s HDI revenue reached RMB7.42 billion, representing a year-on-year increase of 388.2%, while its share of total revenue rose from 14.2% in 2024 to 38.5%.

The Company also delivered impressive financial performance. In 2025, total revenue reached RMB19.3 billion, up 79.8% year-on-year, while net profit climbed to RMB4.31 billion, marking a sharp increase of 273.5%. Gross margin improved significantly from 22.7% in 2024 to 35.2%, mainly driven by high-margin, high-build-up HDI products. During the same period, net cash generated from operating activities amounted to RMB4.62 billion, demonstrating a solid cash flow foundation for its earnings growth. For the 2024 financial year，the company also declared dividends of RMB260 million, returning value to shareholders through its stable cash generation.

Victory Giant Technology is able to manufacture high-layer-count MLPCBs with more than 100 layers. We are also one of the first companies globally to achieve mass production of 24-layer HDIs with a 6+12+6 build-up, as well as the technical capabilities for 30-layer HDIs with a 10+10+10 build-up, and 16-layer any-layer interconnect HDIs. Its core products include multi-layer PCBs (MLPCB) and high-build-up high-density interconnects (HDI) boards, which supporting the evolving needs of fast-growing industries such as AI, EV and high-speed telecommunications equipment. As demand for AI computing shifts from concept to large-scale deployment, Victory Giant Technology has already established its technological roadmap in advance.

Diversified Barriers and Global Layout Forge a Competitive Moat

AI computing PCBs are far more demanding than traditional PCBs in terms of material performance, processing precision and interlayer alignment, making traditional equipment inadequate for such applications. To address this, Victory Giant Technology has equipped its production lines with a full suite of advanced manufacturing systems tailored for AI computing, and established long-term partnerships with leading global equipment suppliers, maintaining a strong lead in smart manufacturing and large-scale production. Compared with traditional production facilities, its smart factories have shortened lead times by 3-5 days, reduced manpower needs by approximately 50%, and increased production capacity by approximately 40%. Such manufacturing efficiency constitutes dual advantages in cost and delivery in the capital-intensive industry.

These advantages are further amplified by deep customer engagement. Victory Giant Technology typically participates in joint development at the outset of the end-product lifecycle. This strategy of early involvement and full-process tracking has significantly strengthened customer stickiness. In 2025, the top five customers collectively contributed 51% of total revenue, representing a substantial increase from 25.1% in 2024. Notably, sales from the single largest customer reached RMB5.74 billion, accounting for 29.7% of total revenue. The rapid rise in customer concentration, on the one hand, corroborates the explosive growth in orders for AI computing, and on the other hand, puts the Company’s capabilities in capacity expansion and supply chain risk management to the test.

In terms of its global layout, Victory Giant Technology operates five major production centers centered around its Huizhou headquarters. Concurrently, it is establishing new production facilities for HDIs and MLPCBs in Thailand and Vietnam and further automating its production processes in Melaka, Malaysia. Of greater strategic significance are two key acquisitions: the acquisition of PSL in 2023 (which owns MFSS, a globally recognized FPC manufacturer), establishing a comprehensive “RPCB + FPC” product matrix. This move has further broaden its customer base to companies in sectors such as automotive electronics (including automotive sensors and display modules), industrial control and high-end medical devices. In 2024, the Company acquired APCB Electronics (Thailand) Co., Ltd., upgraded and renovated its production lines, and introduced high-end manufacturing capacity, thereby strengthening its global delivery network serving overseas customers.

Looking ahead, the rapid development of artificial intelligence, 5G communications and the Internet of Things is driving structural growth in the global PCB market. According to public data, the global market sizes of multilayer PCBs, HDI PCBs (High Density Interconnect PCBs), FPCs (Flexible Printed Circuits) and package substrates are projected to reach US$34.5 billion, US$16.9 billion, US$15.5 billion and US$17.8 billion respectively by 2029. Victory Giant Technology (HuiZhou) Co., Ltd. has conducted 2–3 years of advanced technological R&D reserves focused on core AI computing fields such as GPU (Graphics Processing Unit) and CPU (Central Processing Unit). The Company has prioritized breakthroughs in cutting-edge markets including AI computing power, AI servers, intelligent driving systems and humanoid robots, and will continue to maintain its leading technological edge.

HONG KONG, Apr 13, 2026 - (ACN Newswire) - InnoEX, jointly organised by the Innovation, Technology and Industry Bureau (ITIB) of the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), officially opens today. Under the theme “Innovate • Automate • Elevate”, the exhibition is held alongside the HKTDC’s Hong Kong Electronics Fair (Spring Edition) (EFSE) for four consecutive days at the Hong Kong Convention and Exhibition Centre. The two flagship technology fairs bring together leading global I&T solutions, artificial intelligence (AI) technologies and cutting-edge electronic products. A series of forums, seminars, business-matching sessions, and networking events will also be held, aligning with the National 15th Five-Year Plan and the I&T development directions outlined in the Hong Kong Government’s latest Budget. The fairs attract technology enterprises, start-ups and buyers from around the world to explore collaboration and business opportunities.

Jenny Koo, Deputy Executive Director of the HKTDC, said: “The HKTDC is committed to building world-class business platforms that foster cross-regional, cross-industry and cross-sector collaboration, highlighting Hong Kong’s international and innovation strengths. This year, InnoEX and the EFSE bring together over 2,800 exhibitors from 27 countries and regions, showcasing AI+ driven innovations and advanced electronic products. Robotics technology is a major highlight. We have newly launched the ‘RoboPark’ which brings together technology companies from Hong Kong, the Chinese Mainland and overseas to showcase over 100 robots across diverse application scenarios. This facilitates cross-regional exchange, industrial collaboration and innovative applications, accelerating Hong Kong’s development as an international I&T hub and aligning with opportunities under the National 15th Five-Year Plan.”

RoboPark debuts at both fairs

The newly launched “RoboPark” spans both InnoEX and the EFSE and features a strong line-up of exhibitors. Four of the world’s top five best-selling[1] humanoid robot manufacturers are participating, including AgiBot, Unitree (one of “Hangzhou’s Six Little Dragons”), UBTECH and EngineAI (both among “Shenzhen’s Eight Great Guardians of Embodied Intelligence”). Four additional members of the “Shenzhen’s Eight Great Guardians of Embodied Intelligence”, including AI² Robotics, LimX Dynamics, PaXini and Digit Robotics, are also exhibiting. Unitree (Booth: 3CON-E01) will present the first launch outside Chinese Mainland for its next-generation quadruped robot dog, Unitree A2, capable of running at up to 5 m/s and climbing to a height of up to 1 m. The robot is equipped with ultra-wide-angle LiDAR which enables real-time 3D perception and environmental recognition. Designed for commercial and industrial applications, the robot can withstand a 100 kg adult jumping on its back and can also operate stably across complex terrain like gravel.

RoboPark also features companies based in Hong Kong. Rice Robotics (Booth: 3CON-J07) presents autonomous robots designed to perform repetitive building and office operations, including delivery, cleaning, disinfection and patrol security. Powered by proprietary navigation technology and integrated with lifts and access control systems, these robots enable fully autonomous operations and are in wide adoption by enterprises in Japan such as SoftBank, 7-Eleven Japan and Mitsui Fudosan. International exhibitors from the United Kingdom, Israel, the Philippines and Singapore will also participate to showcase the latest robotics innovations. Some 40 events will be held in the zone, including application sharing sessions, live demonstrations and interactive showcases, to help Chinese Mainland enterprises expand globally while providing an exchange platform for both Hong Kong and overseas companies to explore collaboration opportunities in different markets.

Growing international participation at InnoEX features the latest technologies in AI+ and the low-altitude economy

This year’s InnoEX features over 550 exhibitors from 21 countries and regions, with first-time participation from Austria, Germany, Hungary, Israel, Kazakhstan, the Netherlands, the Philippines and the United States, reflecting strong global recognition of Hong Kong’s I&T platform. Chinese Mainland participation remains strong, with 18 delegations from 17 provinces and cities, including Beijing, Shanghai, Guangzhou and Shenzhen. The Director General of the United Nations Industrial Development Organization (UNIDO), Dr. Gerd Müller, will also lead a delegation to attend, underscoring Hong Kong’s role in promoting global I&T collaboration and new industrialisation. The exhibition focuses on five key areas: AI+, Robotics, Low-altitude Economy, PropTech and RetailTech.

In AI+, the Digital Policy Office presents the “Smart Hong Kong Pavilion” under the theme “AI+ Hong Kong”, featuring innovative solutions from over 20 government departments and public organisations, as well as award-winning projects from local innovators and students. Highlights include the Water Supplies Department’s “Smart Inspection Robot Dog”, an AI-powered robot with multi-sensors for automatic patrol and water facilities monitoring. First time exhibitor Tencent Cloud (Booth: 3D-A23) showcases AI solutions including SuperApp and PalmAI, enabling enterprises to build their own mini-program ecosystems.

In robotics, Wildfaces, Lenovo and Intel (Booths: 3CON-J12 and 3D-A27) jointly present a patented real-time AI fault detection system using drones and WildAI software for anomaly detection in confined or hazardous environments, replacing high-risk and difficult manual inspection procedures.

The Policy Address sets out the vision of developing of a competitive low-altitude economy ecosystem, with the aim of positioning Hong Kong as a major hub for low-altitude applications through institutional innovation and technological breakthroughs. In line with this development direction, a number of exhibitors are showcasing related R&D achievements. China Mobile Hong Kong (Booth: 3D-C11) will present a drone traffic management system, demonstrating an integrated solution for low-altitude logistics delivery and intelligent inspection. It also showcases 5G+ satellite ubiquitous connectivity, offering a fully covered and seamless communication solution. InnoEX will, for the first time, co-organise the LAE Development Conference (15 April) with the Working Group on Developing Low-altitude Economy. Speakers include Bakhtiyar Mukhametkaliyev, the Vice Minister of the Artificial Intelligence and Digital Development of the Republic of Kazakhstan, who leads a delegation to participate in the exhibition for the first time, to share development opportunities in the local low-altitude economy. Other experts are also invited to analyse policy trends and market potential, and to explore Hong Kong’s application scenarios and collaboration opportunities. A Low-altitude Economy Zone will showcase low-altitude technology applications and promote industry collaboration, with participating companies including Transcendence, Harmony SkyTech and Damoda.

In retail technology, Tradelink (Booth: 3D-C13) demonstrates its Smart Trade (T+) electronic trade service platform. By streamlining complex trade processes, the platform enables efficient and seamless trade operations while ensuring regulatory compliance, helping enterprises expand into global markets.

EFSE focuses on three major areas, featuring some 60 unique products

As a leading global electronics trading platform, this year’s EFSE brings together exhibitors from 15 countries and regions, with Australia, France, Macao and Thailand participating for the first time. The fair presents innovative technologies and electronic products across three major areas, including Smart Home & Solutions, Health Tech & Gadgets, and Pet Intelligence. Some 60 products will be launched for the first time, including the “BG120 Smart Sports Glasses” by Infinite Import & Export (Booth: 5CON-S28) which will support calling, music playback, magnetic charging and activation of an AI voice assistant. Hunan Greatwall Computer System Co., Ltd. (Booth: 1B-D16) will introduce the “Great Wall Dragon Armor” Mini PC series, supporting applications including Open Claw.

In the area of Smart Home & Solutions, exhibitors present a wide range of innovative products integrating AI and IoT technologies. The Smart Wireless Video Door Phone by Dongguan Tianluo Electronics Technology (Booth: 3G-E09) adopts a wireless design that doesn’t require an internet connection, thus enabling longer transmission distances. Users can view real-time footage via mobile phones and remotely answer calls or unlock doors from anywhere in the world through a mobile app.

As demand for elderly products continues to rise, the EFSE continues to promote the “Smart Ageing Products” label to facilitate sourcing by buyers. Zhongyuan Innovation (HK) Limited (Booth: 1C-C06) presents the AI Smart Elderly Care Kit, which includes a smart ring and an ultra-thin AI SOS monitoring band. These devices monitor blood oxygen, heart rate and respiratory rate day and night, and use AI to detect abnormalities in real time and notify emergency contacts, safeguarding elderly people at home.

The “pet economy” has skyrocketed in recent years, and variety of products integrating AI, sensing technology and smart home systems now enhance pet care experiences. Tuya Hong Kong Limited (Booth: 1B-F02) introduces the Aura AI Pet Robot, a generative AI-powered pet companion solution integrating daily care, entertainment interaction and ecosystem capabilities. The product adopts a dual-function design which combines a companion robot with food storage and meets multiple needs such as companionship, cleaning and feeding, and creating a comfortable environment for pets.

The EFSE features some 30 thematic zones, including the “Hall of Fame”, a “Startup Zone” and an “Immersive Experience Zone”. The Hall of Fame gathers electronic products and technology solutions from over 550 renowned brands. The Startup Zone brings together more than 60 startups and young entrepreneurs, including participants from Hong Kong IoT, Angel Investment Foundation and Shenzhen InnoX Academy. The Immersive Experience Zone where local I&T companies will present immersive interactive experiences using VR, AR and XR technologies, such as “VR Dragon Boat Experience” and “Smart Tattoo Trial Machine”.

Over 100 forums and exchange activities explore latest industry trends

More than 100 events will be held over four days across the two fairs, bringing together leading technology companies, industry experts, academics and buyers to share the latest industry trends, technological innovations and practical insights, fostering in-depth exchange and collaboration. The Office for Attracting Strategic Enterprises will host a thematic seminar tomorrow (14 April) titled “Driving Innovation and Industry Development through China's Next Five-Year Roadmap”. The seminar will feature overseas and Chinese Mainland enterprises that have successfully established operations in Hong Kong, including JD Group, Ant Group and Pfizer, sharing their successful experiences and key factors in using Hong Kong as a strategic platform to expand into the Greater Bay Area and the Asia-Pacific region. A new “Go Global Consultation Zone” will allow organisations, including the Hong Kong Export Credit Insurance Corporation, the Hong Kong Productivity Council, and Invest Hong Kong to provide on-site consultation and professional advisory services.

BIT Week brings a series of highlights

The Business of Innovation and Technology Week (BIT Week), jointly driven by the Innovation, Technology and Industry Bureau of the HKSAR Government and the HKTDC, returns with a series of major I&T events. In addition to InnoEX, the EFSE, and the Smart Lighting Expo, BIT week also features include the 3rd Hong Kong World Youth Science Conference, organised by the Hong Kong Alumni Association of Beijing Universities, the Hong Kong Web3 Festival 2026, which focuses on internet technologies and applications, and the International Academicians Hong Kong Forum as a BIT Week event for the first time, featuring the dual themes of “Artificial Intelligence and Ageing” and “Artificial Intelligence and Education”. In addition, during the exhibition period, the World Internet Conference Asia Pacific Summit, hosted by the World Internet Conference (WIC) and organised by the HKSAR Government and coorganised by the ITIB, will take place concurrently from today and tomorrow. Focusing on innovation and technology in the Asia Pacific region, the summit will promote global digital innovation and technological exchange, create synergy with BIT Week events, and further strengthen Hong Kong’s position as a regional digital hub and an international I&T centre.

[1] Source: Omdia Market Radar: General-purpose Embodied Intelligent Robots, 2026, published on 8 January 2026.

Photo download:https://bit.ly/4voj6Tg

Websites

InnoEX: innoex.hktdc.com/en
Hong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/en

Media enquiries

Yuan Tung Financial Relations:
Salina Cheng Tel: (852) 3428 2362 Email: salcheng@yuantung.com.hk
Tiffany Leung Tel: (852) 3428 2361 Email: tleung@yuantung.com.hk

HKTDC Communications & Public Affairs Department:
Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.org
Navin Law Tel: (852) 2584 4525 Email: navin.cm.law@hktdc.org
Serena Cheung Tel: (852) 2584 4272 Email: serena.hm.cheung@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

In 2025, the Company's total revenue reached US$1.66 billion, representing a year-on-year increase of 4.1%. Gross profit margin improved by 0.2 percentage points to 32.2%, reflecting ongoing optimization of product mix and operational efficiency. Revenue from third parties grew 14.8% year-on-year to US$1.565 billion, with both business segments delivering strong performance: the Joyoung segment saw third-party revenue stabilize and recover, with profit improvement accelerating; the SharkNinja APAC segment recorded third-party revenue of US$533 million, up 55.6% year-on-year, and continued serving as the Company's core growth engine. Within this segment, revenue in Australia and New Zealand grew 73.2% year-on-year to US$255 million, driven notably by new product categories such as ice-cream makers, frozen drink makers and coffee machines. Revenue in Japan increased 41.2% year-on-year to US$158 million, supported by the strong sales performance of key products, including lightweight cordless vacuum cleaners and smart blenders. Both regions benefited from the Company's ongoing new product launches and enhanced brand recognition, with the expansion strategy continuing to deliver favorable results.

The Company has stated that, excluding the impact of one-off or non-operating items, operating profit has already improved substantially. With further optimization of selling and administrative expense ratios, the Company's earnings resilience is expected to be bolstered further in 2026.

Several financial institutions have issued research notes highlighting JS Global’s currently positive trajectory, the consequence of "Joyoung profit recovery + SharkNinja APAC scale expansion". Huatai Securities maintains a "Buy" rating with a target price of HK$2.38, while Guotai Haitong Securities has assigned an "Overweight" rating, expressing confidence in the Company's medium-term profit resilience. The Company's management has affirmed its commitment to continue driving product innovation and global market expansion, and delivering sustainable growth value to shareholders.

HONG KONG, Apr 2, 2026 - (ACN Newswire) - Shoucheng Holdings’ (0697.HK) investments in the robotics sector are moving from early-stage positioning toward value realization.

Management has disclosed that, by the end of 2025, the Company—through multiple industry funds under its management—had cumulatively invested more than RMB 2 billion across the broader robotics industry chain, covering more than 20 companies. According to the Chairman’s Statement for 2025, the valuation of the investment portfolio of the Beijing Robot Industry Development Investment Fund (Limited Partnership) increased by approximately fourfold. On that basis, the corresponding unrealized book gain is estimated at around RMB 8 billion. The robotics business has therefore become one of the most closely watched sources of incremental upside for Shoucheng Holdings in the near term.

Based on disclosed projects, Shoucheng Holdings’ robotics strategy is not a series of isolated bets, but rather a systematic deployment across the industry chain. In the field of embodied intelligence and robotics, the Company has made concentrated investments in more than 20 leading companies, including Unitree Robotics, Noetix Robotics, Galbot, DEEP Robotics, Booster Robotics, and Galaxea AI. In the latest Chairman’s Statement, Chairman Zhao Tianyang characterized this approach as “track-level deployment”.

Unlike some purely financial investors, Shoucheng Holdings is advancing its robotics business from simply “holding equity stakes” to “operating an industry”. Following an integrated path of “investment + operations + ecosystem,” the Company is building capabilities centered on “funds + scenarios + industry chain,” providing robotics companies with capital support, application scenarios, supply-chain integration, and commercialization pathways. On the offline channel side, its robotics consumer experience brand, Taozhu New Creation, has established five stores in Beijing, with locations including Shougang Park, Beijing Capital International Airport Terminals 2 and 3, and Wangfujing APM, among other core venues. To date, the Company has signed agreements with nearly 100 robotics companies as authorized agents.

Market analysts note that the valuation logic for Shoucheng Holdings’ robotics business is transitioning from book valuations in the primary market toward more observable pricing in the capital markets. As a representative investment within Shoucheng Holdings’ robotics portfolio, Unitree Robotics—together with its IPO progress—provides the market with a clearer anchor for assessing the value of Shoucheng Holdings’ robotics assets.

From a longer-term perspective, the data points of “more than RMB 2 billion invested, more than 20 companies covered, and portfolio valuation increasing approximately fourfold to around RMB 8 billion” already outline the basic contours of Shoucheng Holdings’ robotics strategy:At the front end, the Company secures leading projects through its funds.In the mid-stage, it accelerates commercialization through channels and service systems.At the back end, it opens up exit and re-rating opportunities through IPOs and capital operations.

As projects such as Unitree Robotics move into the capital-market spotlight, the book value of Shoucheng Holdings’ robotics investments, its industrial synergy capabilities, and its subsequent monetization path are becoming increasingly clear.