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.

BRISBANE, AUS, Apr 1, 2026 - (ACN Newswire) - Graphene Manufacturing Group Ltd (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased that the Advanced Carbons Council (the "ACC") has certified GMG as a Verified Graphene Producer.

The Verified Graphene Producer program is an independent 3rd party verification by the ACC of not just the material, but it includes an in-person visit of the production facilities. This makes it unique in that the ACC verify the source of the material as coming directly from the production stream while using world-class characterization labs to test the material.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/290829_3bb80a87648f4a4f_001full.jpg

The Verified Graphene Producer program follows the Graphene Classification Framework (GCF) and the currently published international standards, including: ISO/TS 9651:2025 Nanotechnologies - Classification framework for graphene-related 2D materials, ISO/TR 19733:2019(E), Nanotechnologies - Matrix of properties and measurement techniques for graphene and related two dimensional (2D) materials, ISO/TS 80004-13:2017(E) Nanotechnologies - Vocabulary - Part 13: Graphene and related two-dimensional (2D) materials and ISO/TS 21356-1:2021(E) Nanotechnologies - Structural characterization of graphene - Part 1: Graphene from powders and dispersions

The Company is also pleased to announce it has successfully passed another ISO9001:2015 quality audit of the organisation for the manufacturing, distributing, and providing technical support for the Company's graphene coating and lubricant additive products. Figure 1 shows the certificate. ISO 9001 is the internationally recognized standard for Quality Management Systems (QMS). It provides a framework for organizations to ensure products and services consistently meet customer and regulatory requirements while focusing on continual improvement. It is applicable to any industry or business size, focusing on quality control, efficiency, and risk management.

Terrance Barkan, Executive Director of the Advanced Carbons Council, commented "We are proud to count Graphene Manufacturing Group (GMG) as the newest member of a select group of graphene companies to have passed a rigorous in-person inspection of their facilities and a thorough examination of their graphene material. Independent, third party validation through the Verified Graphene Producer program is an incredibly valuable tool for customers, investors and other stakeholders when choosing a graphene producer/supplier. "

Figure 1: GMG's ISO9001 Quality Management Standards Certification

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Craig Nicol, CEO & Managing Director of the Company, commented "Verification by the Advanced Carbon Council as one of five currently verified global graphene producers is another proof of the high quality of our graphene and why our graphene products function at such a world leading standard and our quality system audit successful outcome shows our ability to turn this into a real product manufacturing business."

Jack Perkowski, Chairman and Non-Executive Director of the Company, commented: "Congratulations to the team on getting this third-party verification on the graphene and quality management system - a real table stake when it comes to producing carbon nano material products".

About Advanced Carbons Council: The Advanced Carbons Council (ACC) is the global trade association that supports the production, adoption and use of engineered advanced carbons. Our mission is to connect and facilitate the cross-sector fertilization of ideas, applications and business for all advanced materials producers and users. Our Members are companies and organizations that produce, use and develop applications for: Graphene, Carbon Nanotubes (CNTs), Carbon Nanofibers, Carbon Fiber, Synthetic and Engineered Graphite, Carbon-Carbon Composites, Carbon Nanodiamonds (CNDs), Fullerenes, MXenes and new carbon forms, Recycled and Reclaimed Carbons. Delivered by the same team that has grown and developed The Graphene Council over the past 12 years to become a global community of more than 40,000 materials professionals, the ACC focuses on standards, quality, safety, education, sustainability, advocacy, verification, testing and outreach to connect users with qualified supply chain partners.

About GMG:

GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

1. Produce Graphene and improve/scale cell production processes
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "believes" "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the fact that ACC's Verified Graphene Producer program is unique, that it follows the Graphene Classification Framework and international standards, the applicability of the ISO9001 to GMG, its suitability for any industry or business size and its focus, the quality of GMG's graphene, its functioning at a world leading standard, and its ability to turn its quality system into a successful product manufacturing business.

Such forward-looking statements are based on a number of assumptions of management. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation that GMG does not receive or receive on a timely basis the fully signed consent notice from the and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 4, 2025 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290829

Following a rigorous screening process, this year’s Ichiro Tanaka Awards, for 3 million yen each, were presented to Professor Takanori Iwasaki of Kyushu University and Professor Toshinori Fujie of Institute of Science Tokyo. In addition, four research projects received the Innovative Precious Metals Award, and five KIRAMEKI Awards were presented.

The TANAKA Memorial Foundation undertakes programs designed to foster developments in new precious metal fields while contributing to the advancement of science, technology, and socioeconomics for the overall enrichment of society. The research grant program was launched in FY1999 and has continued each year since with the goal of supporting the various challenges of the “new world opened up by precious metals.” With “Forging a better tomorrow with ‘Hirameki’ and ‘Kirameki’” adopted as the catchphrase, applications were invited for research and development themes that contribute toward the continued creation of a better future using the creativity of researchers and the potential of precious metals. A total of 244 applications were received for this year, the program’s 27th year, and a total of 27 research grants for a combined total of 19.8 million yen were awarded.

The names of the recipients of the Ichiro Tanaka Award, their research, and the reasons for their selection are below.

Ichiro Tanaka Award
Professor Takanori Iwasaki of Kyushu University
Chemical Recycling of Recalcitrant Polymer Materials Using Hydrogen Transport
This research seeks to address the degradation of polyurethane using a proprietary precious metal complex catalyst. It has been demonstrated that polyurethane can be decomposed by hydrogen gas. As the development of chemical recycling methods for polyurethane used in cushioning materials such as automotive seats and mattresses is essential for promoting the reuse of waste plastics, it was highly rated as research and development that makes a significant contribution to the realization of an environmentally sustainable society.

Ichiro Tanaka Award
Professor Toshinori Fujie of Institute of Science Tokyo
Development of Biodegradable Nanosheet Electrodes Composed of Inkjet-Printed Gold Wires and Their Application to Plant Health Measurement Systems
This research measures changes in the surface potential of plant leaves in real time by formation of an array of gold electrodes on a polymer ultrathin film substrate. By investigating materials with minimal impact on living organisms, it is expected that raw data can be obtained from plants. Furthermore, the research was highly rated for its potential to reveal not only changes in bio-surface potential in plants but also changes in various conditions in animals.

Four Innovative Precious Metals Awards, 16 HIRAMEKI Awards, and five KIRAMEKI Awards were also granted. The recipients and an overview of the Precious Metals Research Grants are indicated below. Applications for the FY2026 research grants are scheduled to open in the fall.

Overview of the 2025 Precious Metals Research Grants

[Conditions]
New research and development themes—either using precious metals or that can be applied to precious metals—that contribute to the creation of a sustainable future, with research content that falls under any of the following.
- New technology related to precious metals (new materials, processing methods, process development, etc.)
- Research that brings about innovative evolution in product development (new functions, process development, computational science, etc.)
- Research and development of new products using precious metals
* Precious metal refers to eight elements of platinum, gold, silver, palladium, rhodium, iridium, ruthenium and osmium.
* If development is conducted jointly (or planned to be) with other material manufacturers, please indicate so.
* Products that have already been commercialized, put to practical use, or that are planned are not eligible.

[Grant Amounts] (Maximum amounts from a grant pool of 20 million yen)
- Umekichi Tanaka Award: 10,000,000 yen
- Ichiro Tanaka Award: 3,000,000 yen
- Innovative Precious Metals Award: 1,000,000 yen
- HIRAMEKI Award: 300,000 yen
- KIRAMEKI Award: 1,000,000 yen
* The grant amount is treated as a scholarship donation.
* Awards may not be granted in some cases.

[Eligible Candidates]
- Personnel who work for educational institutions in Japan (universities, graduate schools, or technical colleges) or public and related research institutions may participate.
- As long as the applicant is affiliated with a research institution in Japan, the base of activity can be in Japan or overseas.
- KIRAMEKI Awards are for researchers under the age of 37 as of April 1, 2025.

[Application Period]
- 9 am, September 1, 2025 (Mon) - 5 pm, November 28, 2025 (Fri)

[Inquiries Concerning the Research Grant Program]
Precious Metals Research Grants Office
Global Marketing / R&D Supervisory Department, TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd.
2-6-6 Nihonbashi Kayabacho, Chuo-ku, Tokyo 103-0025
E-mail: joseikin@ml.tanaka.co.jp
TANAKA Memorial Foundation website: https://tanaka-foundation.or.jp

TANAKA Memorial Foundation
Organization Name: TANAKA Memorial Foundation
Address: 2-6-6 Nihonbashi Kayabacho, Chuo-ku, Tokyo
Representative: Hideya Okamoto (Special Advisor, TANAKA Holdings Co., Ltd.)
Incorporated: 2015
Purpose of Business: To provide grants for research related to precious metals to contribute to the development and cultivation of new fields for precious metals, and to the development of science, technology, and the social economy.
Areas of Business:
- Provision of grants for scientific and technological research related to precious metals.
- Recognition of excellent analysis of precious metals and holding of seminars and other events.

TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd.
Headquarters: 2-6-6 Nihonbashi Kayabacho, Chuo-ku, Tokyo
Representative: Koichiro Tanaka, CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,862 (Including overseas subsidiaries) (December 31, 2025)
Sales: 419,177,145,000 yen (FY2025)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com
(TANAKA Industrial Precious Metal Materials Portal)

Press Inquiries
TANAKA PRECIOUS METAL GROUP Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Press Release: https://www.acnnewswire.com/docs/files/20260331_EN.pdf

HONG KONG, Mar 27, 2026 - (ACN Newswire) - In the Hong Kong stock market, the key to consistently winning investor trust lies not just in periodic earnings growth, but in the ability to stably transform operating results into shareholder returns. According to the latest 2025 annual results report disclosed by Shoucheng Holdings (0697.HK), the company proposes a dividend of 780 million HKD, corresponding to an average annual market value dividend yield of approximately 5.6%. Looking at the long term, since its strategic transformation in 2018, the company has continuously advanced business transformation and structural optimization, leading to steady improvements in profitability and cash flow quality. It has maintained stable dividends for many consecutive years, with a cumulative dividend scale of approximately 6 billion HKD over eight years, shifting the investment logic from "growth expectations" toward "balancing both growth and returns".

It is noteworthy that this dividend does not rely on high leverage or short-term overdrafts; rather, it is a proactive return built on improved balance sheets, enhanced operating quality, and optimized cash flow. As of December 31, 2025, the company's bank balances and cash stood at 3.671 billion HKD, with total borrowings of 979 million HKD. The cash-to-interest-bearing debt coverage ratio is approximately 3.75 times, demonstrating strong dividend sustainability and a significant financial safety margin.

Over the past eight years, Shoucheng Holdings has gradually formed a smart infrastructure asset service system centered on parking asset management, industrial space management, REITs investment, and equity investment, constructing a composite model of "operational efficiency + asset management + capital circulation". Mature businesses such as parking and industrial parks continue to provide steady cash flow, serving as the practical foundation for the company's dividends. Meanwhile, REITs investments, the robotics ecosystem, and emerging industry funds further open up space for profit realization and valuation enhancement.

Among these, the robotics business is becoming a significant incremental driver of Shoucheng Holdings' long-term value. In recent years, the company has continuously refined its robotics layout around "investment + operations + ecosystem," systematically investing in several leading robotics enterprises. Through scenario integration, channel construction, and industrial services, it has pushed projects from technical verification to commercial implementation. As relevant companies accelerate financing, see valuation increases, or move toward IPOs, the robotics segment is expected to continuously strengthen the company's mid-to-long-term profit release and shareholder return capabilities.

Furthermore, in the latest Chairman's Statement, Chairman Zhao Tianyang explicitly expressed "gratitude" to investors and continued to emphasize "creating long-term value for investors". This statement is not merely a declaration of attitude but sends a clear signal: Shoucheng Holdings is placing shareholder returns and long-termism in a more prominent position. For the market, the significance of eight years of continuous dividends has long transcended a simple profit distribution; it serves as a more certain anchor of confidence for long-term capital amidst complex economic cycles.

HONG KONG, Mar 27, 2026 - (ACN Newswire) - Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, the “Group”) (stock code: 1977), a leading provider of electrical and mechanical (“E&M”) engineering solutions, and information and communications technology services for smart cities, today announced its annual results for the year ended 31 December 2025 (“the Year” or “FY2025”) with net profit growth, contracts-in-hand achieving another record high and order intake more than doubled, providing a solid business foundation for the coming three years and beyond.

Financial Highlights

- Profit attributable to owners of the Company increased 23.5% to HK$167.0 million.

- Contracts-in-hand surged 61.8% to HK$17,878.7 million, hitting another record-high, made possible by a 113.7% increase in order intake to HK$12,913.6 million during the Year.

- The intake of new maintenance contracts for housing programmes, environmental projects and lifts and escalators increased 51.4% to HK$1,669 million, reinforcing the recurring revenue stream.

- The Group maintained a strong cash position, with bank balances and cash of HK$1,020.8 million and gearing ratio reduced to 10.1% for FY2025 from 26.2%.

- The Board has resolved to pay a second interim dividend of HK2.9 cents per share. Total dividend for the year amounted to HK5.5 cents per share with 25.6% increment year-on-year.

Chairman Dr Mak Kin Wah said, “The Year 2025 saw profound changes around the world, with challenges and yet also opportunities. Our Group has continued to stride forward: upholding what we commit by delivering the fundamentals well, striving for continuous improvement to make transformation actionable, investing in technology advancement and productivity, and bringing Hong Kong’s engineering excellence to the world. We are pleased to report that the Group achieved profit growth, secured a record level of contracts-in-hand, and continued to build on our international market presence. These accomplishments highlight our distinctive comprehensive capability across diverse business segments, our commitment to excellence, and our leadership in advanced engineering techniques.”

“Supported by strong cashflow, we are in a strong position to take on additional work where appropriate and to seize high-value opportunities as they arise. We will continue to stay agile and focused on capturing opportunities across our broad portfolio, build on our competitive strengths through continuous improvement, and reinforce the use of innovative solutions that enhance quality, safety and performance. We remain steadfast in our commitment to our customers, recognising that this is fundamental to earning their trust and cultivating enduring, strategic partnerships. Guided by our motto – ‘We Commit. We Perform. We Deliver’ – we will continue to maximise value for customers, shareholders, suppliers and stakeholders, while contributing to the communities we serve.”

Business Review: Building Services

- This segment remains the largest revenue contributor, with revenue reaching HK$3,279 million.

- Contracts-in-hand reached a record-high level of HK$8,297 million with the total value of new contracts secured in FY2025 doubled to HK$6,470 million. The Group’s competitive edge in multidisciplinary packaged projects and its industry leadership in innovative MiMEP and other new engineering techniques helped it to secure major contracts.

- With strategic investments to accelerate innovation and modern manufacturing facilities in Zhuhai and Hong Kong, the Group continues to lead in MiMEP and DfMA technologies.

- Following the successful acquisition of a property management licence, the Group expanded its business to deliver integrated solutions across the entire building lifecycle. This new capability, spanning construction, maintenance, operations and long-term facility management, creates a potential revenue stream that complements core services.

- Through continuous development of innovative technologies and operational optimisation, the segment is positioning itself to maintain the market competitiveness while exploring opportunities in other markets in Southeast Asia.

Environmental Engineering

- This segment achieved record-high contracts-in-hand and order intake, increasing 86.9% and 253.7% to HK$8,094 million and HK$5,355 million respectively. Segment revenue also increased by 18.0% year-on-year to HK$1,591 million.

- The segment maintained active tendering throughout the period and was awarded significant contracts, including contracts of a record-breaking value to relocate sewage treatment works in Sha Tin to caverns, sewage pumping station at Ma On Shan and more.

- Formed a joint venture company in Qingyang city to explore the operation and maintenance business in the Chinese Mainland.

- Explored project opportunities in Asia and the Middle East and the expansion of its expert services into Europe.

Information, Communications and Building Technologies (“ICBT”)

- Segment revenue remained at HK$630 million. Contracts-in-hand totalled HK$852 million at the year end, and order intake was HK$523 million during the Year.

- This segment continued to reinforce its leadership in green and intelligent building solutions under the DigiFusion brand, to enable the development of smarter, more sustainable urban environments.

- Continued to leverage ATAL Tower as a platform for developing innovative technologies and broaden its technological capabilities through strategic collaborations with leading manufacturers in the Chinese Mainland and around the world, to strengthen its ability to deliver scalable, high-performance solutions across a wide range of sectors.

Lifts and Escalators

- Revenue and order intake increased 11.0% to HK$587 million and by 3.2% to HK$566 million respectively.

- Transel Elevator & Electric Inc. (TEI), the associate company in the United States (US), secured a contract for the world-class vertical transportation system in the iconic 56-storey luxury hotel skyscraper on the border of Times Square in New York. TEI also further strengthened its market position by extending its footprint into the Southeastern part of US.

- Actively built on its presence in the UK and broadened its network across other international markets, reinforcing its global ambitions in vertical transportation solutions.

- Machine-Room-Less lift products continued to gain traction in key international markets

- Streamlined the manufacturing processes of Nanjing factory, broadened its product portfolio and strengthened the overall product quality, aligning with the Group’s global vision and reaffirming its commitment to delivering reliable, high-performance vertical transportation solutions.

For further details of the 2025 Annual Results, please refer to the announcement filed with The Stock Exchange of Hong Kong Limited.

About Analogue Holdings Limited

Established in 1977, Analogue Holdings Limited is a leading provider of electrical and mechanical (“E&M”) engineering solutions and information and communications technology (“ICT”) services for smart cities, with headquarters in Hong Kong and operations in the Chinese Mainland, Macau, the United States, the United Kingdom, Germany, Singapore and Malaysia. Serving a wide spectrum of customers from public and private sectors, the Group provides multidisciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies (“ICBT”) and Lifts & Escalators.

The Group also manufactures and sells lifts and escalators internationally and has entered into an alliance with Transel Elevator & Electric Inc. (“TEI”), one of the largest independent lifts and escalators companies in New York, the United States. The Group’s associate partner, Nanjing Canatal Data-Centre Environmental Tech Co., Ltd. (603912.SS), specialises in manufacturing of precision air conditioners.

SINGAPORE, Mar 26, 2026 - (ACN Newswire) – March 19, AAC Technologies Holdings Inc. (HKEX Stock Code: 2018) held its 2025 Annual Results Announcement Conference in Singapore and reported a strong set of annual results. The Group achieved RMB 31.82 billion in annual revenue, representing a 16.4% year-on-year increase and marking a record high of over RMB 30 billion, with net profit rising 39.8% to RMB 2.51 billion. These results reflect the continued success of the Company’s strategic transformation, with revenue reaching new highs in recent years and net profit delivering sustained double-digit growth.

“Pioneering Innovation” and “AI Empowerment” have emerged as the central themes of AAC’s recent developments, driving its strategic transformation from a traditional component supplier to a builder of AI perception infrastructure.

In an interview during the conference, AAC’s Chief Financial Officer, Guo Dan, highlighted that the Company’s strategic new business lines — represented by optics and automotive solutions — together with its expansion into high-potential AI sectors such as heat dissipation, robotics, and XR, have become the key growth engines supporting mid-to-long-term sustainable development. This strong momentum is expected to continue unlocking further growth potential in 2026.

Looking ahead to 2026, Dan expressed strong confidence. Despite persistent industry volatility, the Group will capitalize on its diversified business portfolio to deliver steady revenue growth, with the growth rate expected to be no lower than that of 2025. At the same time, the gross profit margin is projected to improve steadily from the 22.1% baseline in 2025.

( AAC Technologies CFO Guo Dan)

1. On the Optics Business: Plastic Lens Gross Margin to Rise to 35%, with Proprietary WLG Technology Reaching Key Milestone

As a core strategic growth driver, AAC’s optics business (AAC Optics) has achieved rapid development since in 2019. It reported RMB 5.73 billion in revenue in 2025, with a compound annual growth rate (CAGR) exceeding 32% over the past six years, establishing itself as a key pillar of the Group’s overall growth.

Dan stated that in 2026, the optics business is expected to deliver steady revenue growth while further improving its gross margin. In 2025, the Company continued to upgrade its mid-to-high-end lens product mix, with the shipments of lens products with 6 or more elements accounting for over 18% of the total and seven-element (7P) lens shipments reaching 15 million units. Building on this foundation, the gross profit margin of plastic lenses is projected to rise from 30% in 2025 to 35% in 2026, reaching a industry-leading level.

Notably, AAC has made a significant breakthrough in its globally proprietary Wafer-Level Glass (WLG) lens technology, reaching a key milestone. This advancement not only expands the scope of application scenarios but is also expected to drive a shift in the market landscape traditionally dominated by plastic lenses. Dan added, “In the future, whether in smartphones, automotive solutions, or emerging smart terminal devices, we will see more stable incremental growth that will inject long-term momentum into our business growth.”

2. On the Automotive Solution Business: The "Second Growth Engine" Solidifies, with 2026 Revenue Expected to Grow by 15%-20%

Through the acquisition of Premium Sound Solutions (PSS), AAC has rapidly established a core platform in the smart automotive solution sector, successfully developing a second growth engine for the Company.

Dan revealed that following the acquisition of PSS in 2024 and the acquisitions of Chuguang and PSG in 2025, the Company has become a comprehensive system-level automotive solution provider, expanding its business from smartphones into the entire automotive domain. In 2025, the Company’s automotive acoustics business recorded revenue of RMB 4.12 billion, representing a year-on-year increase of 16.1%. This performance has positioned AAC among the world’s top-tier automotive audio system suppliers, second only to industry leaders such as Harman and Bose.

Regarding the 2026 outlook for the automotive acoustics business, Dan stated that the segment is expected to maintain high double-digit growth of 15% to 20%, while keeping the gross margin stable. The Company’s automotive solution business has now achieved broad customer coverage both in China and overseas, including multiple Asian markets. This diversified regional presence is expected to provide steady and reliable support for both revenue and profit growth.

3. On AI Sectors: Heat Dissipation Business Poised to Reach RMB 10 Billion, with Explorations in XR and Robotics Opening New Frontiers

If optics and automotive solutions represent the Company’s “core growth engines,” then business lines such as heat dissipation, robotics, and XR optical waveguides constitute the high-potential “reserves” for AAC’s future development. Dan noted that the Company’s revenue in the past was primarily driven by traditional mobile phone acoustics and haptics business. However, following years of strategic transformation and amid broader industry technological shifts, AI has become the fundamental driver underpinning the sustained growth of the Company’s multiple product lines.

“For example, the rapid growth of the heat dissipation business is mainly attributable to AI-driven demand. Similarly, our initiatives in robotics and AR glasses are also propelled by AI,” Dan explained. In 2025, the Company’s heat dissipation business recorded revenue of RMB 1.67 billion, grew by 410.9% year-on-year. This performance has further solidified the Company’s position as one of the leading global suppliers in consumer electronics heat dissipation. “As AI technology continues to advance, related application scenarios are expected to extend from smartphones to a wider range of devices, including laptops and tablets, generating strong momentum for the Company’s overall growth.”

The acquisition of Yuandi Technology, with more notable strategic significance, has allowed AAC to formally enter the data center liquid cooling, AI server heat dissipation, and high-end thermal solutions sectors, and extend its capabilities from “terminal-side heat dissipation” to “AI infrastructure heat dissipation” creating a synergistic “terminal + infrastructure” development model. Dan stated clearly, “Leveraging the substantial market opportunities across multiple sectors, our heat dissipation business has the potential to reach and even exceed a scale of RMB 10 billion in the coming years, positioning it as a highly promising and important growth engine for the Group.”

In the XR optical waveguide field, through the acquisition of Dispelix — a global leader in AR diffractive waveguide technology — AAC has become one of the few industry players with vertically integrated capabilities spanning optical waveguide design and manufacturing. The Company can now offer one-stop full display module solutions, encompassing optical waveguides, optical engines, push-pull lenses, eye-tracking systems, and electrochromic technology. AAC is expected to become the world’s first supplier to achieve mass production of SRG full-color optical waveguides for leading customers in 2026. Dan disclosed, “The per-unit value in the optics business can reach USD 100–200. These initiatives are expected to deliver clear mass production and shipment opportunities within the next two to three years, continuously generating significant value in revenue, profit, and long-term market expansion.”

Regarding the robotics field, Dan pointed out that the industry’s market definition, application scenarios, and product forms are still evolving and remain in a diverse exploratory stage. AAC has long maintained deep involvement and has established comprehensive layouts across multiple core areas, including acoustics, motors, optics, structural components, and electromechanics, laying a solid foundation to capture opportunities as the sector matures. “For example, our dexterous hand products for humanoid robots have already entered mass production and shipments, generating over RMB 100 million in revenue last year. In addition, we are co-developing the first motor, as a core component for AI hardware devices, with our customers. Overall, the Company has built deep cooperation with leading domestic and international customers, and we believe we will become an important player in this field in the future.”

4. Strategic Review: Combining Technology Reuse with Ecosystem Construction to Anchor Long-Term Growth

In AAC’s three-decade development journey, the core driver behind its sustained growth has consistently been rooted in the dual logic of technology reuse and ecosystem construction.

Leveraging its long-established, robust technological foundations in micro-acoustics, precision optics, electromagnetic drives, sensors, and semiconductors, the Company has successfully upgraded and expanded its business, with its focus shifting from mobile phones and consumer electronics to emerging high-growth areas, including AI terminals, robotics, XR, smart vehicles, and data center infrastructure. This approach enables its core technological capabilities to be efficiently migrated and continuously amplified across diverse application scenarios.

This development model — “upgrading application scenarios without changing underlying technology” — not only ensures the stability and success rate of business transformation but also allows the Company to rapidly address capability gaps through strategic ecosystem integration, such as the acquisitions of Dongyang, PSS, Chuguang, and Yuandi. Together, these efforts have created a virtuous cycle of “technology–product–scenario–customer.”

The clear pathway to realizing this cycle was articulated by Dan in her outlook: Looking ahead to 2026 and beyond, AAC will position itself as a “builder of AI perception infrastructure,” deepen cross-business synergy and full-scenario coverage, accelerate its expansion into the “AI blue ocean,” strengthen its global footprint, and continue riding the wave of industry development to achieve new heights.

source as Forbes（https://www.forbeschina.com/investment/71292）

Brisbane, Australia--(ACN Newswire - March 23, 2026) - Graphene Manufacturing Group Ltd (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that the Company has officially launched its European sales activity. During the week of March 9th, GMG held a kick off training workshop in London where it brought together its new team members from various locations in Europe and UK for technical product and sales training.

The GMG European Sales team numbers more than 10 professional sales executives based in Europe and UK who focus on lead generation, inside sales and executive sales business development for GMG's G® Lubricant and THERMAL-XR® products.

Figure 1: Members of the GMG European Sales Team

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/289529_gmg_figure1.jpg

Separately, the Company is also pleased to announce that it has been informed that the G® Lubricant patent in Europe has been accepted to be granted for a period of 20 years.

Craig Nicol, CEO & Managing Director of the Company, commented "Building a sales force in key areas of the world is one of GMG's key activities it is focused on right now and to get the European team set up and running so fast has been a great achievement."

Jack Perkowski, Chairman and Non-Executive Director of the Company, commented: "I congratulate the Company on building the European Sales team and look forward to hearing of future success."

About GMG:

GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

1. Produce Graphene and improve/scale cell production processes
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "believes" "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the size, term and success of GMG's European sales team and the eventual granting of and successful enforceability of the Company's G® Lubricant patent.

Such forward-looking statements are based on a number of assumptions of management, including the European sales team will perform and the Company's G® Lubricant patent will be patented successfully. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation that the GMG European Sales team does not successfully drive sales for the Company and the Company's G® Lubricant patent is not patented and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 4, 2025 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289529

HONG KONG, Mar 23, 2026 - (ACN Newswire) -The humanoid robotics sector has reached another milestone. On 20 March, the Shanghai Stock Exchange confirmed that Unitree Robotics Co., Ltd. (operating entity: Hangzhou Yushu Technology Co., Ltd.) has received formal acceptance of its STAR Market IPO application, targeting proceeds of RMB 4.202 billion, with review status recorded as "Accepted". This marks Unitree Robotics' official push to become China's first A-share listed humanoid robot company, and signals that the embodied-intelligence industry is transitioning from a theme-driven narrative phase into a new stage of genuine capital-markets realisation.

From publicly disclosed information, this IPO is not purely a concept re-rating event — it rests on a foundation of strong earnings growth and capacity expansion. According to the company's prospectus, Unitree Robotics generated revenue of RMB 1.708 billion in 2025, up 335.36% year-on-year; non-GAAP net profit exceeded RMB 600 million, up 674.29% year-on-year. The public offering involves a minimum of 40,446,434 new shares, representing at least 10% of the total post-IPO share count.

For the capital markets, the most important contribution of Unitree Robotics is that it begins to provide a clearer public-market valuation reference for the humanoid-robotics sector. Reports indicate that Unitree's valuation stood at approximately RMB 5 billion in early 2025, rising to approximately RMB 12 billion by June 2025. The prospectus implies an initial post-IPO market capitalisation of at least RMB 42 billion — a dramatic leap from the mid-2025 private-market benchmark. For the capital markets, Unitree's listing trajectory carries a clear signal: humanoid robotics is no longer purely a story of "technological imagination" — it is entering a new phase of revenue, profit, capacity, and capital advancing on all four fronts simultaneously. For the supply chain, this raises the clarity of the sector's valuation anchor; for capital platforms that have invested early in leading robotics companies, it means book values, exit expectations, and business synergies all have room to rise in tandem.

Among the beneficiary candidates in this cycle, Shoucheng Holdings Limited (HKEX: 0697.HK) stands out for its rarity value. The company has publicly confirmed that, through the Beijing Robotics Industry Development Investment Fund and its affiliated sub-funds, it has invested in Unitree Robotics, Galbot (Beijing Galaxy General Robot Co., Ltd.; X Square Robot , Noetix Robotics, and other leading enterprises. By Q3 2025, the multiple funds it manages had further completed investments in Unitree Robotics, DEEP Robotics / Hangzhou DEEP Robotics Co., Ltd.), Booster Robotics, Differential Robotics / Differential Robotics Technology Inc.), Wuxi Quanzhibo Technology Co., Ltd., and other core robotics supply-chain companies — covering humanoid robots, aerial robots, and critical upstream components. In short, Shoucheng Holdings is not a single-bet position, but a portfolio-style deployment spanning "leading robot OEMs + upstream critical components + regional fund networks."

Crucially, Shoucheng Holdings' edge lies not only in "investing" but also in "post-investment value creation." Both the company's 2025 interim report and Q3 report highlight that it is advancing an integrated "Invest + Operate + Ecosystem" pathway centred on "capital + scenarios + supply chain." It has established Shoucheng Robot Technology Industry Co., Ltd. and Shoucheng Robot Advanced Materials Industry Co., Ltd., expanding into sales agency, leasing, consultancy, supply-chain management, and upstream materials. Simultaneously, the company has deployed permanent robot experience stores and pop-up stores at Shougang Park, Beijing Capital International Airport Terminal 3, and Chengdu Chunxi Road, accelerating the transition of robot products from showcase to commercial deployment. For high-volume producers like Unitree Robotics, these venue resources translate into lower trial-and-error costs and faster commercial validation cycles.

This is also the core reason why the market treats Shoucheng Holdings as a premier Unitree Robotics proxy: it is not a simple secondary-market "reflection" play, but an ecosystem-type platform that combines capital linkages, application venues, and industrial service capabilities. Once Unitree Robotics' IPO advances smoothly, the first beneficiary will be the market recognition of Shoucheng Holdings' existing robotics investment portfolio. With a marquee portfolio company achieving public listing, external investors will find it far easier to mark-to-market the unlisted robotics assets still held by Shoucheng Holdings.

Market analysts observe that, from a valuation standpoint, the Unitree Robotics IPO represents at least three distinct positive catalysts for Shoucheng Holdings.

First, the anticipated realisation of investment returns has been significantly enhanced. Shoucheng Holdings holds 3.8262% of Unitree Robotics through the Beijing Robotics Industry Development Investment Fund, placing it among the top ten pre-IPO shareholders. After accounting for dilution from the new share issuance, the post-IPO stake corresponds to approximately 3.44%. Based on an assumed post-IPO market capitalisation of RMB 42 billion, this stake implies a value of approximately RMB 1.446 billion; at market caps of RMB 50 billion and RMB 60 billion, the implied values are approximately RMB 1.722 billion and RMB 2.066 billion respectively. Against the scale of Shoucheng Holdings' net asset base, these figures represent a material incremental contribution and will provide meaningful support to the company's existing valuation framework.

Second, the platform-level valuation midpoint has scope to re-rate upward. Shoucheng Holdings is not a traditional single-strategy financial investor. Its core business encompasses infrastructure asset operations on one side, and entry into robotics and intelligent manufacturing through funds and an industrial platform on the other. Once the robotics sector has an established public-market valuation anchor, Shoucheng Holdings' entire robotics investment portfolio stands to be re-valued in aggregate.

Third, the acceleration of robotics ecosystem commercialisation opens a genuine second growth curve. In the past, the market valued robotics concept stocks largely at the level of "equity participation income." But Shoucheng Holdings is actively working to transform robotics into a real operating business. The company has disclosed that it is advancing robot deployment across multiple scenarios — offline experience stores, airport environments, cultural-tourism parks, and smart car parks — and is collaborating with industry partners to develop new business formats such as "robotics + automotive." Should Unitree Robotics' brand recognition and fundraising capacity strengthen further post-IPO, Shoucheng Holdings could expand beyond "investment gains" to capture diversified value streams including operating profit-sharing, channel services, scenario services, and supply-chain coordination. At that point, the market's analytical framework for Shoucheng Holdings would graduate from "Unitree Robotics proxy" to "robotics ecosystem infrastructure platform."

In addition, Shoucheng Holdings' financial structure provides a robust margin of safety for any valuation recovery. The company reported profit attributable to shareholders of HKD 410 million in 2024. Equity attributable to owners of the company stood at HKD 9.421 billion at end-2024. The gearing ratio declined from 15.9% at end-2024 to 10.9% by Q3 2025. In respect of the 2024 financial year, the company declared final dividend and special dividend totalling HKD 888 million, and together with the interim dividend of HKD 208 million, full-year distributions reached HKD 1.096 billion — exceeding 200% of the year's attributable profit. This combination of strong dividend commitment, low financial leverage, and sustained earnings power positions the stock favourably for capital flows seeking both "growth" and "income" attributes simultaneously.

Taken as a whole, the formal advancement of the Unitree Robotics IPO process represents one of the most consequential capital-markets events of 2026 for the embodied-intelligence industry. It not only raises the capital-markets certainty for leading robotics companies, but also opens a valuation re-rating window for ecosystem-type platforms like Shoucheng Holdings Limited. As the logic of "flagship project listing → investment return realisation → industrial scenario expansion → platform valuation uplift" progressively unfolds, Shoucheng Holdings is well-positioned to emerge as one of the core beneficiaries of this robotics market cycle — a company that simultaneously offers a meaningful margin of safety and meaningful upside optionality.

Brisbane, Australia--(ACN Newswire. - March 16, 2026) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that the United States Environmental Protection Agency ("EPA") has now approved the import and sale of GMG's THERMAL-XR graphene based coating system in the United States.

The EPA has issued a consent order for pre-manufacture notice PMN P-25-0018 in accordance with section 5(e) of the Toxic Substances Control Act, 15 U.S.C. 2604(e) (the "Order"). Under the Order, GMG is authorised to export, distribute, sell, use and dispose of the chemical substance described in the pre-manufacture notice submitted by the Company, and which is used in GMG's THERMAL-XR® ENHANCE graphene-based coating system for various applications including Heating Venting Air Conditioning and Refrigeration (HVAC-R), Data Centres, Liquified Natural Gas Plants (LNG), Automotive and Electronics amongst others in the United States in accordance with the requirements and conditions set out in the Order (the "New Chemical Substance").

GMG supplies its THERMAL-XR® graphene coating product for the HVAC-R equipment market to its exclusive North American distributor, Nu-Calgon Wholesaler, Inc. ("Nu-Calgon") which is marketed and sold as "Nu-Calgon CoolWorx® powered by GMG® Graphene" as seen in an example shown in Figure 1. As a result of the Order, GMG, together with Nu-Calgon, is now able to commence commercial sales of THERMAL-XR® products into the U.S. for industrial use, subject to and in accordance with the requirements and conditions of the Order.

Figure 1: Nu-Calgon CoolWorx® Powered by GMG® Graphene Label

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/288616_ab987720443d2967_001full.jpg

The first shipment of THERMAL-XR® will now be sent to Nu-Calgon for distribution in North America.

Craig Nicol, CEO & Managing Director of the Company, commented, "We believe that this EPA consent order is a major milestone for GMG as it allows us, together with our exclusive North American distributor Nu-Calgon, to commence commercial sales of THERMAL-XR® in we what we see as the largest HVAC-R coating market in the world."

Jack Perkowski, Chairman and Non-Executive Director of the Company, commented: "With regulatory clearance now in place, we believe that we can begin converting the strong interest that we have seen from customers into revenue, while leveraging Nu-Calgon's extensive distribution network to reach across the North America to scale THERMAL-XR® ENHANCE / CoolWorx® deployment over time. We believe that GMG is one of the few companies to have received EPA approval for the export and sale of an unlimited amount of a graphene-based product in the United States of America."

About THERMAL-XR® ENHANCE powered by GMG Graphene:

THERMAL-XR® ENHANCE coating system is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR® ENHANCE is now patented for 20 years in Australia and is expected to be patented in other countries around the world.

THERMAL-XR® ENHANCE Development and EPA Approval History

About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

1. Produce Graphene and improve/scale cell production processes
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

For further information, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "believes" "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, GMG and Nu-Calgon's ability to leverage Nu-Calgon's distribution network to commence commercial sales of THERMAL-XR® ENHANCE-based products into the U.S. HVAC-R aftermarket, intentions as to the first shipment of THERMAL-XR® ENHANCE, the intended focus of initial THERMAL-XR® ENHANCE deployment, the energy efficiency, decarbonisation and corrosion protection benefits of THERMAL-XR® ENHANCE, GMG's intention to work with the EPA and GMG's intention to progress its broader THERMAL-XR® ENHANCE commercialisation activities.

Such forward-looking statements are based on a number of assumptions of management, including the receipt of a fully signed consent notice from the EPA. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation that GMG does not receive or receive on a timely basis the fully signed consent notice from the and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 4, 2025 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288616

HONG KONG, Mar 12, 2026 - (ACN Newswire) – Mint Incorporation Limited (“Mint” or the “Group”, NASDAQ: MIMI), a Hong Kong-based company with a new strategic focus on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, today announced that its wholly-owned subsidiary, Axonex Intelligence Limited (“AXONEX”)  has entered into a joint venture agreement (the “JV Agreement”) with Synergy Technology Group Limited (“STG”) to establish Axonex Automation Limited (“JV company”), a new Hong Kong-based joint venture company focused on commercializing advanced digital twin and drone flight control technologies in Hong Kong and selected overseas markets.

Under the JV Agreement, AXONEX will hold an 80% equity interest in Axonex Automation Limited, while STG will hold the remaining 20%. The joint venture will combine AXONEX’s operational resources and international business capabilities with STG’s proven technology in digital twins and drone flight control systems to drive scalable deployment in sectors such as infrastructure inspection, utilities, smart cities, and industrial operations.

AXONEX has committed to provide up to HK$ 20,000,000 of capital to the joint venture in stages, subject to the achievement of defined business and technical milestones set out in the agreement. The funding will be released through four tranches over an expected 12–24-month period.

STG will contribute technology, intellectual property, know-how, and ongoing technical support to the JV company, initially via a license of its core digital twin and drone flight control platforms, the “Zhishan No-Code Digital Twin Universal Platform and related drone inspection technologies” to Axonex Automation Limited.

Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint stated: “This joint venture creates a focused vehicle to bring next-generation digital twin and autonomous drone capabilities from concept to commercial reality across Hong Kong and key overseas markets.”

A representative of Synergy Technology Group Limited added: “Our collaboration with AXONEX will accelerate the real-world adoption of our digital twin and drone flight control technologies in critical infrastructure, smart city, and industrial applications, leveraging Hong Kong as a launchpad for global expansion.”

Photo Caption

Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint (Right) and Mr. Jiang Xiaotong, founder of STG (Left) signed the JV to establish Axonex Automation Limited focused on commercializing advanced digital twin and drone flight control technologies in Hong Kong and selected overseas markets.

About Mint Incorporation Limited
Mint Incorporation Limited (NASDAQ: MIMI), a Hong-Kong based enterprise listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary Axonex Intelligence Limited, the company delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.

About Synergy Technology Group Limited
Synergy Technology Group Limited is a Hong Kong-based technology company specializing in advanced digital twin solutions and drone flight control systems, with applications across infrastructure monitoring, utilities, and smart city ecosystems. Founded by Jiang Xiaotong, an Associate Professor at Southeast University, Synergy Technology Group Limited operates under a license from Nanjing Zhishan Intelligent Technology Research Institute Co., Ltd for the “Zhishan No-Code Digital Twin Universal Platform and related drone inspection technologies”.

Forward-Looking Statements
Certain statements in this release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.