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 1, 2026 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) will stage four flagship technology fairs this April, including InnoEX, jointly organised by the Innovation, Technology and Industry Bureau (ITIB) of the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), Hong Kong Electronics Fair (Spring Edition) (EFSE), Hong Kong International Lighting Fair (Spring Edition) (LFSE) and Smart Lighting Expo (SLE), all at the Hong Kong Convention and Exhibition Centre. The four major technology fairs bring together over 3,700 exhibitors from 28 countries and regions.

InnoEX and the EFSE will be held concurrently from 13 to 16 April, showcasing a wide spectrum of innovation and technology as well as industry applications. The fairs will feature global innovation and technology achievements, cutting-edge electronic products and advanced technology solutions, driving breakthroughs across multiple sectors and offering businesses the latest market developments and collaboration opportunities. The LFSE and the SLE will take place from 20 to 23 April (Monday to Thursday), presenting the latest smart lighting solutions and innovative products. The four fairs are open to industry, investors, trade buyers and users from various sectors, including SMEs, for sourcing and networking opportunities.

Jenny Koo, Deputy Executive Director of the HKTDC, said, “As we enter the peak exhibition season in April, the HKTDC presents four major spring technology fairs, bringing together more than 3,700 exhibitors from 28 countries and regions, showcasing Hong Kong’s strengths as an international exhibition and convention hub. Proactively aligning with the National 15th Five-Year Plan and supporting the I&T policy outlined in the government’s latest Budget, both InnoEX and the EFSE will showcase AI-driven frontier technologies and market-ready applications, as well as a wide array of advanced technologies and cutting-edge electronic products, supporting Hong Kong’s development into an international I&T hub. Together with the LFSE and the SLE, these events present advanced technologies and cutting-edge products, fostering business networking and cross-sector collaboration, and continuously leverage Hong Kong’s unique advantage as a platform for ‘bringing in’ and ‘going global’.”

RoboPark brings together leading robotics companies to foster technology exchange and support global expansion

This year’s InnoEX, themed “Innovate • Automate • Elevate”, covers five key areas: AI+, Robotics, the Low-altitude Economy, Property Technology and Retail Technology. A major highlight is “RoboPark”, which makes its debut across both InnoEX and the EFSE and brings together technology companies from Hong Kong, Chinese Mainland and overseas. The zone showcases more than 100 robots across a wide range of application scenarios, covering “Commercial & Industrial”, “Health & Living”, as well as “Entertainment & Social”.

RoboPark features four of the world’s top five best-selling humanoid robot manufacturers in 2025[1], namely AgiBot, EngineAI, UBTECH and Unitree. Other exhibitors include DEEP Robotics from “Hangzhou’s Six Little Dragons”, four additional companies from “Shenzhen’s Eight Great Guardians of Embodied Intelligence” including AI² Robotics, Digit Robotics, LimX Dynamic and PaXini, together with Hong Kong start-ups Rice Robotics and SOTA Robotics. Overseas exhibitors from the United Kingdom, Singapore and more will also participate. Over the four-day exhibition period, some 40 events will be held at RoboPark, including technology demonstrations, application sharing sessions and networking platforms, helping enterprises expand into overseas markets and explore new opportunities.

This year’s InnoEX further expands its global reach, showcasing exhibitors from 21 countries and regions, including Hong Kong, Chinese Mainland, Macao, Australia, Austria, Canada, France, Germany, Hungary, India, Israel, Japan, Kazakhstan, Malaysia, the Netherlands, the Philippines, Poland, Singapore, Sri Lanka, Thailand, the United Kingdom and the United States. The Chinese mainland reinforces its presence with 17 provinces and cities, including Beijing, Shanghai, Guangzhou and Shenzhen, collectively forming 18 pavilions. These include delegations such as Zhongguancun from Beijing and Xi’an Jiaotong University, which are leveraging Hong Kong as a high-value international platform to showcase the latest technological R&D achievements and expand into overseas markets. In addition, leading Chinese Mainland technology giants, including Huawei International, China Mobile Hong Kong, iFLYTEK, Tencent Cloud International and Lenovo (Hong Kong) will also participate.

The exhibition brings together R&D achievements and innovative solutions from the government, industry, academia and research sectors. The Digital Policy Office of the HKSAR Government will once again set up a large-scale “Smart Hong Kong Pavilion”, which will showcase over 100 I&T solutions from over 20 government departments and public organisations as well as award-winning entries by local I&T sector and students from various I&T competitions. The Pavilion this year will be themed “AI+ Hong Kong” and focus on artificial intelligence (AI) application across different domains in Hong Kong, establishing eight exhibit areas namely, “AI+ Public Services”, “AI+ Medical Innovations”, “AI+ Everyday Experience”, “AI+ Robotics Innovations”, “AI+ Mobility Revolution”, “AI+ Safety and Security”, “AI+ Infrastructure Development”, and “AI+ Low-altitude Economy”.

InnoEX will, for the first time, co-organise the “Low-Altitude Economy Conference” with the Working Group on Developing the Low-Altitude Economy, bringing together industry experts to analyse policy trends and market potential, and to explore application scenarios and collaboration opportunities in Hong Kong. A dedicated Low-Altitude Economy Zone will also be set up to showcase applications of low-altitude technologies and facilitate industry collaboration. Participating companies include Transcendence, Harmony SkyTech, Damoda, among others.

All R&D centres established by the Hong Kong SAR Government will participate in InnoEX this year, including the Hong Kong Applied Science and Technology Research Institute (ASTRI) and the Nano and Advanced Materials Institute (NAMI), which officially merged on 1 April, as well as the Logistics and Supply Chain MultiTech R&D Centre (LSCM), the Hong Kong Research Institute of Textiles and Apparel (HKRITA), and the Microelectronics R&D Institute (MRDI). Cyberport, Hong Kong Science and Technology Parks Corporation and the Hong Kong-Shenzhen Innovation and Technology Park will also bring more than 40 start-ups to exhibit.

The ESFE will focus on AI-driven electronic products across three major areas: Smart Home & Solutions, Health Tech & Gadgets and Pet Intelligence. Around 50 new products will make their debut at the fair, offering buyers a one-stop sourcing platform and insights into the latest trends. The “Startup Zone” remains a key highlight, bringing together over 60 start-ups, including representatives from the Hong Kong Internet of Things, Angel Investment Foundation and Shenzhen InnoX Academy, showcasing innovative products and solutions while fostering collaboration and investment opportunities. The fair will also feature an “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”.

InnoEX and the ESFE will jointly host more than 100 events, covering the major themes of the two exhibitions and featuring insights from industry experts and leaders. In the area of AI+, a representative from Deloitte will share perspectives on “human-centric AI” and market developments, while an expert from Google will explore the future of smart home experiences. In the field of retail technology, the seminar “Retail 4.0: Reshaping Consumer Experiences”, co-organised by the Hong Kong Retail Management Association, will bring together companies including VISA and Tradelink. In addition, overseas government representatives will also participate and share insights. Among them, the Vice-minister of AI and Digital Development of Kazakhstan will lead a delegation to exhibit and speak, sharing the latest developments and opportunities in the country’s low-altitude economy, and offering participants an international perspective.

Twin lighting fairs gather industry leaders, “Light Lab” makes its debut as the highlight attraction

The Smart Lighting Expo and the Hong Kong International Lighting Fair (Spring Edition) are themed “Go Smart • Live Green” this year, bringing together some 900 exhibitors from Hong Kong, Chinese Mainland and overseas, with new participants from the Netherlands and Vietnam. The two fairs will gather numerous renowned brands and industry leaders, including Foshan Electrical and Lighting, a lighting provider for the China national football team; OPPLE Lighting, a winner of multiple world-class design awards offering healthy lighting solutions; Shanghai Sansi, which supplies over 60% of the display screens in Times Square, New York; and Absen, an LED display provider featured at the NBA All-Stars Games, the FIFA Qatar World Cup and Qatar Doha World Expo, and a Guinness World Record holder. These companies will showcase the latest lighting products and technologies.

This year, the fairs receive strong support from Zhongshan City, which joins as the Special Partner City for both lighting fairs, with the inaugural Zhongshan Guzhen Pavilion and the Zhongshan Henglan Pavilion making their debut at the SLE. Participating exhibitors include “Enterprise Above Designated Size” such as Bairan, Faner, and Zhongqian. The Shanghai Pudong Intelligent Lighting Association also returns to the SLE for the third consecutive year, presenting the “Intelligent Ecosystem & IoT Supply Chain Zone”, showcasing the latest solutions from well-known brands such as BWEETECH, AIDimming, Darkoo, and TYF, alongside a pavilion from Shenzhen. As for the LFSE, exhibitors include the Xiamen Pavilion, and newly participating Changzhou Zouqu District Pavilion and Zhejiang Pavilion.

A brand-new “Light Lab” will debut this year, presenting a range of smart lighting products through scenario-based design and immersive displays. Featured exhibits include products like the solar lantern by Zhongshan Faner Lighting Technology (Lumin Garden), a new series of stadium lighting by Foshan Electrical and Lighting (Lumin Arena), and the hill spotlight series by Shanghai Sansi (Lumin Gallery).

This year, the SLE will introduce a new “Smart Commercial Display and Stage Audio-visual Zone”. Industry leader Absen will showcase its latest low-carbon, energy-saving and large-format displays, which adopt innovative technologies to achieve energy savings of over 50%, supporting the outdoor advertising sector in accelerating its green transformation. The “Hall of Aurora”, a signature highlight of the LFSE, is also not to be missed. A series of events will be held during the fairs, including the “Smart Lighting Solution Forum” at the SLE and the “Asian Lighting Forum” at the LFSE, fostering industry exchange.

The Business of Innovation and Technology Week (BIT Week), driven by the ITIB and the HKTDC, will feature a series of major I&T events. In addition to InnoEX, the EFSE, and the SLE, BIT Week highlights 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 co-organised by the ITIB, will take place concurrently from 13 to 14 April. 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/4cn3oPV

Websites

- InnoEX: innoex.hktdc.com/tc
- Hong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/tc
- Hong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.com/tc
- Smart Lighting Expo: smartlightingexpo.hktdc.com/tc

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.

HONG KONG, Mar 29, 2026 - (ACN Newswire) - Shoucheng Holdings (0697.HK) is redefining the commercial value of parking lots. According to information released in the company’s 2025 annual report, parking lots are no longer merely static spaces that rely on parking fees for profit. Instead, they are being upgraded into intelligent digital infrastructure nodes serving Robotaxis, Robovans, and even eVTOL aircraft. Shoucheng uses the term “mother port” to describe this transformation, meaning that parking lots in the future will do far more than provide parking spaces. They will also support charging, berthing, maintenance, dispatching, automatic docking, and other back-end support services, becoming critical hubs in autonomous mobility systems.

This shift is, in essence, a rewriting of the business model. Traditional parking lots mainly depend on time-based parking fees. Under Shoucheng’s E Park model, however, revenue streams are expanding to include dispatch service fees for autonomous vehicles, charging, battery swapping, and hosting fees for robots, maintenance and OTA service fees, commercial display and advertising revenue, and intelligent business integration income. Accordingly, the core assets of a parking lot are no longer limited to the number of parking spaces, but now also include site resources, intelligent platforms, charging and battery-swapping facilities, dispatching capabilities, and ecosystem support capabilities for autonomous operations.

Behind this transformation lies a change in the commercialization logic of the autonomous driving industry. In the past, the sector focused more on whether vehicles could operate on the road. Today, the key factors determining operating efficiency are increasingly concentrated in back-end functions such as charging, berthing, maintenance, and dispatching. Where vehicles go to recharge after completing orders, where they park during off-peak hours, how faults are handled, and how cross-regional fleets are deployed efficiently now determine not only whether a single vehicle can be put on the road, but also whether an entire fleet can sustain operations and scale up. For this reason, parking lots are no longer the end point of the mobility chain; they are becoming the starting point of the next round of operations.

Shoucheng’s unique advantage lies in its strong ability to integrate site resources and drive industrial synergies. Through models such as PPP and BOT, the company has long acquired operating rights and concession rights, with business coverage spanning airports, healthcare, public services, and other diversified scenarios, giving it the foundation to build a city-level node network. At the same time, Shoucheng also has a dual-engine capability combining industrial funds and asset operations. On one end, it is strategically positioned in embodied intelligence and robotics; on the other, it upgrades static transportation sites, enabling parking lots to more smoothly accommodate the emerging needs of the autonomous driving and robotics industries.

In terms of implementation, this model has already begun to prove itself. Shoucheng has advanced robotics applications in relevant scenarios at Terminal 3 of Beijing Capital International Airport, and together with Wisson Robotics, it has built a demonstration project featuring robots and automatic charging at the Chengdu ICD project, promoting the extension of underground parking lots from single-purpose parking spaces to intelligent operational scenarios featuring integrated parking and charging. This shows that the “mother port” model is not just a concept, but is gradually moving toward practical application.

It is foreseeable that in the future, the key to competition among parking lots will no longer be simply the number of parking spaces or parking turnover rates, but rather who can connect dispersed nodes into a citywide service network covering charging, berthing, operations and maintenance, and dispatching needs. What Shoucheng Holdings is betting on is no longer just parking fee income, but a more imaginative entry point into downstream service infrastructure in the era of autonomous mobility. For Shoucheng, parking is not the destination; “mother port services” are the real starting point of its new business model.

HONG KONG, Mar 28, 2026 - (ACN Newswire) - When a Robotaxi enters a parking structure, what it needs is no longer just a parking space, but a full infrastructure system to support its operations - including energy replenishment, dispatching, maintenance, data connectivity, and a complete fully autonomous end-to-end operational capability. For that reason, the underlying logic of the traditional parking lot is being redefined: it is no longer merely a static space for vehicle storage, but is rapidly evolving into a critical node for the operation of future unmanned systems.

In its 2025 Annual Report, Shoucheng Holdings Limited (0697.HK) judged that parking lots will become the largest robot operating bases in the future. Zhao Tianyang, Chairman of the Board of Shoucheng Holdings, further explained the logic behind this view in the annual report: "What we see is not merely today's parking spaces, but the key nodes of future smart digital infrastructure." Based on this understanding, the role of the parking lot is changing - from a traditional supporting space for static transport to an infrastructure platform that supports robot operation, dispatch, and services.

To understand this transformation, the key is to grasp the fundamental difference between the traditional parking model and the "E Park" model. Under the traditional model, parking lot revenue mainly comes from parking fees, the core asset is parking space resources, the main customers are vehicle owners, and the operating logic is essentially the management of space and time, with relatively limited growth potential. Under the E Park model, however, the parking lot is no longer a single space-leasing asset, but is upgraded into an integrated service platform for Robotaxis, Robovans, and various types of robots.

This change is first reflected in the revenue structure. Revenue sources in the traditional parking business are relatively simple, whereas the E Park model can layer in multiple income streams, including dispatch service fees, charging or battery-swapping and custody fees, O&M and OTA service fees, advertising fees, and smart service integration fees, significantly broadening the boundaries of profitability. At the same time, the core assets of the parking lot are upgraded from mere parking space resources to a composite system of "site resources + energy-replenishment facilities + dispatching capabilities + robot access capabilities." In other words, the future value of a parking lot will no longer depend primarily on how many cars it accommodates, but on how deeply it can serve how many unmanned systems.

The customer structure is also changing in parallel. Traditional parking lots primarily serve end-user vehicle owners. Under the E Park model, however, the service base expands to a coexistence of To B, To C, and To Robot - serving autonomous driving operators, end users, and robot devices themselves, thereby forming a new infrastructure ecosystem. At the same time, parking lots designed for unmanned systems can enable 24-hour automatic docking and a fully unmanned closed loop throughout the process through dedicated lanes, space-efficient design, energy-replenishment facilities, and data interfaces, thereby improving space utilization and overall operational efficiency.

To turn this judgment into a replicable path in the real world, the key lies in validation and implementation in real scenarios. Shoucheng Holdings has chosen to begin with high-traffic, high-density transport hubs and core urban scenarios, promoting deep integration between robotic capabilities and parking assets. One landmark case is the introduction of the Hobbs W1 intelligent robot from Noetix Robotics at the Terminal 3 parking building of Beijing Capital International Airport, where technology was used to enhance both asset operating efficiency and passenger experience. Another example is Shoucheng Holdings' collaboration with its portfolio company Wisson Robotics to build the country's first automatic charging robot pop-up experience station in the underground parking lot at Chengdu IFS ICD, driving the parking lot's evolution from a single parking space into an intelligent operating scenario integrating parking and charging, and further validating the deep embedding of robotic technology into urban infrastructure.

From a broader macro perspective, the reason Shoucheng Holdings has been able to advance this path lies in its ownership of an asset base capable of accommodating new demand. As Robotaxis, Robovans, and embodied intelligent robots accelerate into urban scenarios, cities will require a large number of distributed nodes to undertake energy replenishment, dispatching, and maintenance functions. Compared with building new facilities from scratch, parking lots naturally possess advantages such as wide geographic distribution, well-developed spatial conditions, easy access to power supply, and clearly defined asset characteristics. They have therefore become the most practical and efficient carriers for this new demand.

Against this backdrop, Shoucheng Holdings' advantage in network-based deployment is being rapidly converted into real capability. The Company manages more than 100 parking lot projects nationwide, with a total area of several million square meters, covering core economic regions and providing a foundation for standardized retrofitting and large-scale replication. This means that its previously scattered static parking resources are now poised to be restructured into a multi-city, multi-node robot operating infrastructure network. At the same time, improvements at the operational level are also supporting this transition. In 2025, the Company's parking space turnover rate increased by 7.1%, its full-occupancy rate reached 55%, and innovative business revenue accounted for 20% of total revenue, demonstrating that through the application of AI technologies, refined operations, and expanding scenario applications, it is driving parking lots' transformation from traditional legacy assets into platform-based, growth-oriented assets.

Accordingly, for Shoucheng Holdings, the proposition that "parking lots will become the largest robot operating bases in the future" is no longer merely a forward-looking judgment. It is a practical path that is being continually validated and is expected to achieve replication at scale.

HONG KONG, Mar 24, 2026 - (ACN Newswire) - Baguio Green Group Limited (‘‘Baguio’’ or the ‘‘Group’’, Stock Code: 01397.HK) is pleased to announce its annual results for the year ended 31 December 2025 (the “Year”).

During the Year, the Group’s revenue amounted to approximately HK$2,424.6 million, representing a decrease of approximately 6.9% as compared to the same period last year. Profit for the Year amounted to approximately HK$97.1 million, representing an increase of approximately 72.0% as compared to the same period last year. The Board recommends the payment of a final dividend for the Year at HK7.0 cents per share.

Business Overview and Prospects

During the Year, revenue from cleaning services as the Group’s core business amounted to approximately HK$1,896.5 million, accounting for approximately 78.2% of the Group’s total revenue. The Group’s cleaning services cover various scenarios, including for Government streets, markets, police stations, fire stations, leisure venues, hospitals and clinics. In addition, the Group provides cleaning services for numerous different places such as universities, large exhibition centers, Hong Kong International Airport, housing estates and private institutions.

During the Year, the Group successfully awarded a 3-year contract from the Marine Department of the Government for approximately HK$150 million for the provision of “Marine Refuse Cleansing and Disposal Services in the Eastern waters of Hong Kong”. This contract marks a significant milestone for Baguio, as it represents a strategic expansion of its service portfolio from land to sea, further strengthening its leading position in Hong Kong’s integrated environmental services market. Under the contract, Baguio delivers comprehensive marine refuse cleansing and ship refuse collection services in the Eastern waters of Hong Kong starting from 1 October 2025 including, but not limited to: Victoria Harbour, Central, Sheung Wan, Causeway Bay, Tsim Sha Tsui, Yau Ma Tei, Cheung Sha Wan, Shau Kei Wan, Kwun Tong, Sai Kung, Tolo Harbour and Tai Po. Winning this contract signifies strong market recognition of Baguio’s outstanding performance over the past 46 years. The Group will seamlessly extend its professional standards and operational efficiency in land-based waste management to the marine environment, striving to safeguard Hong Kong’s valuable marine ecosystem and present a cleaner, more beautiful Victoria Harbour to both residents and tourists.

Waste management and recycling business recorded revenue of approximately HK$277.8 million, accounting for approximately 11.5% of the Group’s total revenue. The gross profit margin of the waste management and recycling business increased from 11.6% for the same period last year to 15.0%, driving the gross profit of this business up by approximately 25.2% to approximately HK$41.9 million, mainly due to the Government’s proactive promotion of recycling and the substantial expansion of the network of recycling spots, including those for food waste, which facilitated public participation and effectively stimulated collection, and the contribution from the green technology business.

The Group continued to provide Government-related waste collection services to five districts, serving a population of approximately 1.6 million.

In terms of recycling, the Group is contracted by the Environmental Protection Department (“EPD”) of the Government to provide collection services for thousands of recycling spots (including plastics, glass bottles, metals, waste paper and food waste) across Hong Kong. During the Year, the Group provided collection services for recycling bins in public places and schools. Baguio also provides collection services for Recycling Stations of “GREEN@COMMUNITY”, recycling stores and smart recycling machines, and other institutions in Hong Kong. In addition, Baguio also provides the Government with glass bottles collection and management services and food waste collection services in several districts in Hong Kong, and is one of the market leaders. In addition, during the Year, the Group was successfully awarded two 35-month contracts from the EPD, with a total value of approximately HK$43 million. During the Year, the Group was responsible for operating the “GREEN@Tai Wo” and “GREEN@Po Lam” recycling stores, and collaborated with nearby buildings, organizations, and community stakeholders to establish and operate fixed and mobile recycling spots for waste collection, provide community recycling support to facilitate citizens, and promote and educate the public on waste sorting and recycling in the community to strengthen citizens’ recycling habits.

As a leading environmental services provider in Hong Kong, the Group provides integrated environmental management solutions including waste management, smart recycling and professional landscaping services to Kai Tak Sports Park, which hosts major sports events and concerts. With excellent environmental protection technologies and experience in operating large-scale international venues, the Group has fully demonstrated its strength in undertaking large-scale international programmes and delivering high-quality services. During the Year, the Group also provided waste recycling services for various Lunar New Year fairs across Hong Kong Island, Kowloon and the New Territories.

Regarding green technology business, the Group won a new contract in relation to the development and supply of a new generation of solar-powered compacting refuse bins to the Government. This innovative product is designed with an auto-sensing inlet and indicator lights, and under its sealed design, it is equipped with devices for ventilation, lighting, and deodorization. Meanwhile, it is equipped with a big data platform and wireless technology to monitor data in real time, enabling effective tracking of the status of waste collection points, strategic deployment of resources, optimization of operational efficiency, and enhanced planning for future initiatives. Furthermore, the solar-powered compacting refuse bins adopt solar panels and rely on renewable energy, which significantly reduces carbon emissions. They can be flexibly deployed in various scenarios, suitable for remote areas where there are no refuse collection points. This product is expected to be gradually launched into the market in 2026.

The Group seizes the opportunity of smart city development and has been committed to expanding its market share of smart recycling in recent years. Currently, Baguio’s smart recycling products, such as smart recycling machines, smart food waste recycling machines, and smart balances, have been deployed in different places across Hong Kong, including Government venues and schools, private housing estates, commercial buildings, theme parks, large-scale exhibition venues, and sports stadiums. These products provide the public with convenient recycling services 24 hours a day and help increase Hong Kong’s overall recycling volume.

In partnership with Jardine Engineering Corporation Limited, the Pilot Biochar Production Plant at the EcoPark in Tuen Mun converts yard waste into high-quality biochar with pyrolysis technology for various applications, the production plant effectively “turns waste into useful resources”.

As for the landscaping business, the Group provides landscaping services for a wide range of clients, including large private residences, Government premises, schools, shopping malls, hotels, Hong Kong Housing Authority, Hospital Authority, Hong Kong Jockey Club, Hong Kong Science Park, the University of Hong Kong, Hong Kong University of Science and Technology, Hong Kong Wetland Park, as well as 33 sports turf venues under the Leisure and Cultural Services Department, etc. During the Year, the Group provided landscaping services for Kai Tak Sports Park, Hong Kong International Airport, Hong Kong-Shenzhen Innovation and Technology Park, Nano Parks, the Tung Chung New Town Extension (West), Hung Shui Kiu/Ha Tsuen New Development Area and the ventilation building at the eastern portal of the Tseung Kwan O – Lam Tin Tunnel.

For pest management business, the Group provided pest management services for venues in the Tsuen Wan District during the Year. In addition, the Group provided pest and rodent control services for hospitals, clinics and the headquarters of the Kowloon East, Kowloon Central and Kowloon West Clusters under the Hospital Authority. The Group also continued to provide termite control and monitoring services for 24 temples under the Chinese Temples Committee.

The Promotion of Recycling and Proper Disposal of Products (Miscellaneous Amendments) Bill 2025 submitted by the Government was passed by the Legislative Council during the Year. This bill establishes a common legal framework for producer responsibility scheme applicable to different products. Under this framework, the Government plans to submit the producer responsibility scheme on plastic beverage containers and beverage cartons in 2026. The scheme encourages citizens to return used containers for recycling to earn rebate, which will help significantly increase the recycling rate. Benefiting from the scheme, Baguio’s recycling volume is expected to be directly driven up, providing attractive returns for the Group’s long-term investments in recycling services and competitive barriers.

The Government is actively developing the Northern Metropolis. Four new development areas include Kwu Tung North/ Fanling North, Hung Shui Kiu/Ha Tsuen, Yuen Long South, and San Tin Technopole are under construction. The Government has resumed more than 400 hectares of private land within these four new development areas, completed land levelling for 80 hectares, and is progressively handing over these lands to relevant departments for building road and railway infrastructure, public and private housing, schools, public markets, ecological conservation, as well as development of innovation and technology industry. The Group believes that this will bring opportunities for many of its core businesses.

Looking forward, the Group will continue to increase the market share of its core businesses and proactively engage in expansion in Hong Kong and beyond. Meanwhile, in line with the development of the Group, it will actively explore potential mergers and acquisitions, joint ventures or new business projects to accelerate future business growth and deliver substantial and long-term returns to shareholders.

For details of the Group's 2025 annual results announcement, please visit the following website: https://www.baguio.com.hk/en/investor/notices/

About Baguio Green Group

Established in 1980, Baguio Green Group (Stock code: 01397.HK) is one of Hong Kong’s largest integrated environmental management solution providers. It provides a full spectrum of professional services including professional cleaning, waste collection & recycling, waste management, green technology, green products, horticulture & landscaping, and pest control. The Group delivers innovative environmental solutions using the latest technologies to serve a wide range of customers in various sectors including Government departments, statutory organizations and multinational corporations. Fully committed to ESG, the Group works relentlessly to advance sustainable development and create a cleaner, greener, healthier city for a greener tomorrow.

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.