TransNusa Focuses on Organic Growth to Strengthen Network Connectivity in China

FOCUSING on organic growth, TransNusa converts two charter flight routes between Manado and Shanghai as well as Manado and Shenzhen to scheduled commercial routes, starting 8 September and 2 October, respectively.

TransNusa Group Chief Executive Officer, Datuk Bernard Francis said while the Manado-Shenzhen scheduled commercial flight is direct, the Manado-Shanghai flight plan has a stop-over of between 30 to 35 minutes at the Clark International Airport.

“Our main priority and focus is to create new exciting routes for our passengers and offer seamless and fast travels, whether through direct routes or transits routes.” Datuk Francis said, explaining that the Manado-Clark-Shenzhen route is very popular among tourists.

“With the launch of these new commercial routes, we hope to provide tourists from Manado and China additional options to travel,” Datuk Francis said, adding that TransNusa will also provide its passengers with options to visit other major tourist destinations from Manado, such as Bali, also known as Indonesia’s Island of Gods.

Details of the new Routes

From October 2, TransNusa will be operating three flights a week from Manado’s Sam Ratulangi International Airport to Shenzhen Bao’an International Airport. The TransNusa flight, 8B 175, will depart Manado at 21.10pm and arrive at the Shenzhen Bao’an International Airport at 01.00am while TransNusa flight, 8B 176, will depart Shenzhen Bao’an International Airport at 02.00am and arrive in Manado at 05.50am.

TransNusa will be operating the Manado-Shenzhen route three times weekly. The Manado-Shenzhen route scheduled commercial flights are on Tuesday, Thursday and Saturday while the Shenzhen-Manado route scheduled commercial flights will be on Wednesday, Friday and Sunday.

TransNusa’s scheduled Manado-Shenzhen flight ticket price starts from as low as IDR3.499.000, CNY1.525 and USD226 while it’s schedule flight from Manado to Shanghai ticket price starts from as low as IDR3.988.000, CNY1.688 and USD257. TransNusa tickets are available for purchase at transnusa.co.id and all other main online travel agent platforms worldwide.

Meanwhile, the TransNusa flight, 8B 101, from Manado will depart at 14.00pm and arrive at the Clark International Airport at 16.40pm. The flight will depart Clark International Airport at 17.15pm and arrive at the Shanghai Pudong International Airport at 20.55pm. The flight, 8B 102, will depart the Shanghai Pudong International Airport at 23.05pm and arrive at Clark International Airport at 02.30am. The TransNusa 8B 102, will depart Clark International Airport at 03.00am and arrive at Manado’s Sam Ratulangi International Airport at 05.30am.

Datuk Bernard said that TransNusa will operate the six hours 50 minutes scheduled commercial flight route 3 times week. TransNusa’s scheduled commercial flight from Manado will depart on Monday, Wednesday, and Friday.

For both the newly introduced scheduled commercial flights, Datuk Bernard said TransNusa will be utilizing its C909 jet airliner, which has only 95 seats, to ensure that passengers travel with comfort.

Datuk Bernard Francis…TransNusa offers new flight options for its passengers

Brief History On TransNusa

TransNusa, which had to close business due to the Covid-19 pandemic was injected with new shareholders and management team in 2022. The airline opened its doors for business in October and within six months, in April 2023, launched its first international flight from Jakarta to Kuala Lumpur, Malaysia.

After which, under the new leadership of Datuk Francis, and the new management team, the airline successfully launched three more new international routes by the end of 2023. In 2024, the airline continued growing its international and domestic route and at the same time recording historical firsts that also became a significant industry first for the Indonesian aviation industry. 

Since April 2023, TransNusa has been making headlines in Malaysia, Singapore, China and around the world with news of being the first airline in Indonesia and the world to develop and introduce a new domestic route connecting Bali and diving haven, Manado. TransNusa also became the second Indonesian airline to receive approval to fly to China and provided Indonesians with more pricing and route options to China.

TransNusa’s aggressive international growth strategy combined with its domestic business operations approach has enabled the airline to be the fastest growing airline in South East Asia.

About TransNusa

TransNusa Airline, is a Premium Service Carrier. After the take-over, in February 2024, the airline rebranded itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircrafts that offers better comfort as well as based on the flexibility and quality of the services offered.

TransNusa, which received its AOC certification on 9th September 2022, launch its first three A320 operations on 6th October, 14th October and 12th December, 2022.  In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline is currently has bases in Jakarta, Bali and Manado.

The airline currently flies from Jakarta to Yogyakarta, Bali, Kuala Lumpur, Malaysia, Subang, Malaysia and Guangzhou, China. It also flies from Bali to Jakarta and Manado. TransNusa will be launching its scheduled Bali to Perth route on March 20th and its Bali to Guangzhou route on April13th. TransNusa made history when it became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.

Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore, Malaysia and Indonesia, or by contacting the airline’s customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719 for assistance.

TransNusa’s Primary Media Contact:
Trina Thomas Raj
trina@myqaseh.org
+60124992672 (watsapp)

Saudi Electricity Company Reports 22% Net Profit Growth in Q2 2025

Strong Results Reflect Rising Demand, Business Growth, and Strategic Investments Amid Saudi Arabia’s Accelerating Energy Transition

Saudi Electricity Company (SEC) continued to deliver robust financial and operational performance in the second quarter and first half of 2025.Revenue for Q2 grew by 24% to reach SAR 27.7 billion, while gross profit rose by 42% to SAR 7.4 billion. Operating profit increased by 21% to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22% year-on-year increase.

For the first half of 2025, SEC reported a revenue growth of 23%, totalling SAR 47.2 billion. Gross profit rose by 40% to SAR 10.2 billion, operating profit increased by 20% to SAR 9.1 billion, and net profit grew by 19% to SAR 6.3 billion compared to the same period in 2024.

This strong financial performance was primarily driven by higher allowed revenue due to the growth of the regulated asset base of the electricity network and increased electricity production revenues in response to rising energy demand. These gains were partially offset by higher operating and maintenance expenses due to network expansion, asset growth, and increased loads, as well as a rise in provisions for accounts receivable and a decrease in other income.

SEC noted that the expansion of its regulated asset base reflects the continued growth in its transmission and distribution networks to meet increasing electricity demand, support renewable energy integration, and advance energy storage projects. The company is also maintaining strategic investments in digital transformation and operational excellence initiatives.

Commenting on the results, Engineer Khalid bin Salim Al-Ghamdi, Acting CEO of SEC, stated:

“Our positive performance in the first half of 2025 reflects the company’s continued growth across its business portfolio and asset base. It aligns with our strategy to provide reliable and secure electricity across the Kingdom, improve service quality for our customers, and advance sustainability and operational excellence.

We are committed to further strengthening our position and leveraging the significant opportunities emerging from the energy transition in Saudi Arabia, in line with the ambitions of Vision 2030-enabled by the dedication of our talented national workforce and our unwavering commitment to serving the nation.”

As of the end of H1 2025, the renewable energy capacity connected to the grid exceeded 9.2 GW, and the company successfully commissioned 8.0 GWh of battery energy storage systems across four sites: Bisha, Jazan, Khamis Mushait, and Najran.

SEC is currently developing an additional 14 GWh of storage capacity, expected to be operational and grid-connected next year, further strengthening grid reliability and renewable energy integration.

Reaffirming its commitment to embedding sustainability throughout its operations and enhancing its ESG practices, SEC achieved a significant leap in its Environmental, Social, and Governance (ESG) rating from S&P Global, earning 65 out of 100 in 2025. This marks a 30% increase over2024 and an 85% improvement over 2023.

This accomplishment places SEC at the top of all companies in Saudi Arabia and as the regional leader in the energy sector across the Middle East and North Africa, surpassing the global utilities sector average by 66%, reinforcing its global leadership in sustainability performance.

Electricity demand continued to rise in H1 2025, with peak load growing by 3% to 75.1 GW, and total electricity consumption increasing by 10% to reach 160.5 terawatt-hours.SEC successfully met record-breaking peak loads in Makkah, Madinah, and the Holy Sites during the 1446H Hajj season without a single service interruption-thanks to the company’s full mobilization of resources to serve pilgrims and ensure their comfort.

The company also made strong progress in service expansion and infrastructure development. SEC connected around 110,000 new customers, bringing the total customer base to 11.4 million.The length of the distribution network grew by 6% to exceed 827,000 circuit kilometers, while transmission and fiber optic networks grew by 6% and 9%, respectively, reaching 103.8 thousand and 101 thousand circuit kilometers.

As part of its efforts to enhance service reliability and customer experience, SEC continued digital infrastructure upgrades and automated distribution substations, connecting them to control centers via fiber optic networks.

The automation rate of distribution substations reached 38.4%, and customer satisfaction rose to 85.8%, underscoring improvements in service quality and communication effectiveness.

Contact Information
Saudi Electricity Company (SEC) Saudi Electricity Company (SEC)
Media Relations Department
alkahrabacare@se.com.sa
Unified Call Center: 920000222

SOURCE: Saudi Electricity Company (SEC)

Everest Medicines Announces Full Approval of NEFECON(R) in Taiwan

Everest Medicines (HKG: 1952) recently announced the Taiwan Food and Drug Administration (TFDA) has approved the supplementary application for NEFECON(R). NEFECON(R) is indicated to reduce the loss of kidney function in adults with primary immunoglobulin A nephropathy (IgAN) who are at risk for disease progression, irrespective of proteinuria levels.

With this label update, the previous requirement in accelerated approval stage to submit full confirmatory trial analysis to demonstrate clinical benefit has been formally removed. Additionally, data demonstrating NEFECON(R)’s efficacy in delaying kidney function decline has been included in the approved product label. IgAN is highly prevalent among Asian populations, with a 56% higher risk of progression to end-stage renal disease compared to other groups and often progresses more rapidly.

Taiwan region became the last region across all Everest’s territories to grant full approval for NEFECON(R), together with Mainland China, Singapore, Macao SAR, Hong Kong SAR and South Korea. This further demonstrates NEFECON(R)’s foundational first-line cornerstone treatment for IgAN patients.

“NEFECON(R) has received full approval in Taiwan, further validating its outstanding clinical value and offering physicians a more solid clinical foundation for treatment decisions.” Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines, said. “As the first and only fully approved etiological treatment for IgAN, NEFECON(R) has now achieved full approval across Asia. This milestone will benefit a broader patient population by enabling more individuals with IgAN to access this etiological treatment earlier, helping to slow disease progression and improve quality of life. We will continue to expand the accessibility and affordability of NEFECON(R) across Asia, aiming to benefit more IgAN patients and improve their quality of life.”

The approval is based on the global Phase 3 NefIgArd clinical trial, which showed that compared to placebo, it not only brought about a durable reduction in proteinuria and reduced the frequency of microscopic hematuria but also demonstrated clinically relevant and statistically significant treatment benefits in estimated glomerular filtration rate (eGFR), reducing the decline in kidney function by 50% over a period of 2 years, comprising 9 months of treatment and 15 months of observation, and potentially delaying the progression to dialysis or kidney transplantation by 12.8 years.

Additionally, the complete 2-year data of the NefIgArd study further analyzed the potential differences in the response to NEFECON(R) treatment between Asians (n=83) and Caucasians (n=275). The results showed that compared to placebo, treatment with NEFECON(R) for 9 months in both Asians and Caucasians can significantly delay the decline of eGFR, protect kidney function, and bring about a sustained reduction in proteinuria and reduce the risk of microscopic hematuria.

NEFECON(R) has been recommended by several authoritative treatment guidelines, including the “KDIGO 2024 Clinical Practice Guideline for the Management of Immunoglobulin A Nephropathy (IgAN) and Immunoglobulin A Vasculitis (IgAV) (Public Review Draft)”, and the “Clinical Practice Guideline for IgA Nephropathy and IgA Vasculitis in Chinese Adults (For Public Review)”. NEFECON(R) was included in China’s National Reimbursement Drug List (NRDL) in November 2024, and the supplemental application for the production expansion of NEFECON(R) has been officially approved by NMPA in August 2025.

NEFECON(R) is currently the world’s first IgAN treatment to have received full approval from the National Medical Products Administration (NMPA) in China, the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), the Medicines and Healthcare products Regulatory Agency(MHRA)in the United Kingdom , as well as in other Asian territories where Everest Medicines holds the rights, including Hong Kong SAR, Macao SAR, Taiwan region (China), Singapore, and South Korea.

Intellifusion Submits an Application to List on the Hong Kong Stock Exchange: A National Breakthrough in AI Inference Chips

Currently, advancements in artificial intelligence (AI) technology are driving the evolution of AI from iterative improvements in algorithms to significant breakthroughs in computational infrastructure. During this round of technological evolution, a massive demand for AI inference computing is emerging, setting new benchmarks for the architecture and cost-efficiency of computing power.

Compared with general-purpose GPU architectures, NPU chips designed specifically for AI inference scenarios have become the foundation supporting the large-scale commercialization of AI industries due to the advantages such as high cost-effectiveness, energy efficiency and customization. These chips are gradually becoming one of the mainstream development directions for AI chips, accelerating the industry’s transition from an era centered on GPUs for large model training to an era focused on NPUs for AI inference computing. In this race, the innovation capabilities at the foundational architecture level and extensive experience in large-scale application deployment are progressively contributing to a company’s overall competitiveness and sustainability.

Among these players, Shenzhen Intellifusion Technologies Co., Ltd. (“Intellifusion”) is the first company to commercialize domestic high computing power AI inference chips in China. As a pioneer in NPU research and design, Intellifusion integrates multiple generations of architectural technical knowledge with mature commercialization experience to create high-performance, cost-effective and highly versatile inference chips. Intellifusion has achieved large-scale deployments across enterprise, consumer and industry-grade scenarios, establishing a leading position in China’s AI inference chip-related products and services market in terms of revenue in 2024. On July 30, Intellifusion submitted its listing application to the Hong Kong Stock Exchange.

Led by a “Hardcore” management team: providing strong traction for strategic implementation
In the deep tech sector of AI chips where technology, capital and talent concerntration converge, the management team serves not only as decision-maker for corporate strategy but also as “navigators” guiding Intellifusion through technological and industrial cycles. Intellifusion’s ability to gain a firm foothold in the highly complex and fiercely competitive AI inference chip market is inseparable from its core team, which boasts strategic foresight, technical prowess and hands-on industry experience.

Dr. Chen Ning, founder, executive director and general manager of Intellifusion, is a worldwide rare expert with deep experience in semiconductor and possesses both overseas and domestic industry experience. Standing at the forefront of technology, Dr. Chen deeply understands the path from theoretical breakthroughs to product transformation, and not only possesses visionary technical foresight, but also demonstrates strong execution capability in industrialization and commercialization, which enable him to grasp Intellifusion’s long-term strategic trajectory from the cutting edge of technological development with commercialization capability, and drive deep innovation along the “algorithm + chip” integration path, providing long-term traction for Intellifusion’s sustained growth.

As one of the key pioneers in China’s domestically-developed AI inference chips, Dr. Chen Ning has spearheaded the design and development of homegrown AI inference chips, achieving end-to-end innovation from algorithmic breakthroughs to chip-based implementation. He can rightly be considered one of the founding figures in the industrialization of China’s AI inference chips. His recognition as the prominent individuals in innovation and entrepreneurship and outstanding role models at the 40th Anniversary of Shenzhen Special Economic Zone, and in July of this year, he was selected alongside entrepreneurs such as Xingxing Wang, founder of Unitree Robotics, Weiliang Chen, founder of MetaX, and Peng Zhang, CEO of Zhipu AI, as one of CCTV’s ‘AI Leaders of the Year’,.further solidifies his strategic leadership position in China’s AI industry.

Under the leadership of Dr. Chen Ning, Intellifusion has assembled a elite Research & Development (“R&D”) team with core members averaging over 25 years of experience in the AI industry. These veterans have long served at leading domestic technology companies, covering the entire critical technology chain from chip architecture design to algorithm development and optimization. As of the Latest Practicable Date, Intellifusion boasts 489 R&D personnel, including more than 50 engineers with over a decade of chip design experience and multiple national-level leading technical experts. This composition has established a synergistic system for chip design and algorithm development guided by seasoned industry specialists, providing robust support for rapid product innovations and continuous technological breakthroughs.

“Algorithm + chip” integrated strategy builds high technological barriers
Unlike traditional “algorithm companies” or “chip companies” that focus on singular breakthroughs, Intellifusion has consistently adhered to the advanced concept of co-designing algorithms and chips since its inception. This approach has forged an integrated software-hardware technical capability that creates a self-reinforcing virtuous cycle, where insights from real-world deployment continuously refine algorithms, algorithmic innovations drive chip architecture upgrades, and enhanced chip performance unlocks new application scenarios. This creates a compounding flywheel effect, progressively elevating R&D efficiency and commercial scalability.

At the foundational technology level, Intellifusion has established its proprietary “IFIC” platform through its algorithm-to-silicon integration capability. This end-to-end system encompasses the entire AI inference chip R&D process: algorithm analysis – instruction set definition – chip architecture design – toolchain optimization. This enables Intellifusion to develop successive generations of NPUs and AI inference chips, ensuring optimal efficiency and scenario-specific adaptability.

For architectural design, Intellifusion launched “AI Computing Blocks” by employing fully home-grown advanced domestic manufacturing processes, secure supply chain with advanced semiconductor processes, featuring standardized compute units that can be stacked like building blocks to flexibly configure chips with variable computing power and enable multi-chip interconnect for scalable systems, realizing single tape-out enables multiple packaging variants, efficiently producing chips of diverse specifications while balancing flexibility and cost. To address the data transmission bottleneck of traditional computer chips, Intellifusion has pioneered an innovative Near-memory Hyper-converged Architecture, which realizes vertical integration by seamlessly combining memory and computing units in a stacked configuration, enabling direct data flow through the 3D structure, eliminating bandwidth limitations of traditional packaging interconnections, achieving on-chip bandwidth and sub-nanosecond latency, dramatically lowering the energy consumption of data transportation, and perfectly adapting to the needs of real-time loading of large-model parameters.

In the chip domain, Intellifusion has developed its DeepEdge Series of inference chips based on the “IFIC” Infrastructure, utilizing the innovative ” AI Computing Blocks” Architecture. Currently, DeepEdge10 Series covers a wide range from 8T to 128T of computing power per chip and supports Transformer-based models for efficient AI inference, which can realize balanced performance & efficiency, low power consumption, and flexible deployment.

In terms of technology update, Intellifusion has completed development of its 4th-generation NPU and is now advancing R&D for the next-generation high-performance NPU, Nova 500.

This integrated R&D system centered on “algorithms + chips” enables Intellifusion to not only ensure leading-edge performance and rapid iteration in chip design but also continuously strengthen its technological moat through product adaptability, deployment scalability, and ecosystem expansion. Notably, Intellifusion has been awarded the highest award for intelligent science and technology in China. – the “Wu Wenjun AI Science & Technology Award ” – three times, making it the only company in China to have won top prizes in all three categories: algorithms, chips, and applications. This recognition underscores its end-to-end innovation capability, from core technology development to industrial implementation.

Riding the Global Inference Wave: Securing Long-Term Value in AI Chips
As the proportion of inference computing in the total lifecycle cost of large models continues to rise, surging application demand will dramatically expand the scale of inference computing needs, creating a historic opportunity for the AI industry. According to the CIC Report, the market size of AI inference chip-related products and services industry in China is expected to reach RMB1,383.0 billion by 2029, at a CAGR of 53.4% from 2024 to 2029. In particular, the NPU-powered market size is projected to climb to RMB395.4 billion by 2029, at a CAGR of 72.3% from 2024 to 2029, significantly outpacing the overall market.

Under the guideline of the advanced algorithm-to-silicon chip design methodology, Intellifusion, a pioneer in the high-potential market, has established an integrated software-hardware technical capability that creates a self-reinforcing virtuous cycle. Its products and services have been validated across multiple critical application scenarios, positioning Intellifusion as an industry frontrunner. According to the CIC Report, Intellifusion is a global top-three leader in full-scenario AI inference chip-related products and services in China, based on the relevant revenue in 2024. Intellifusion is also a top-two provider of NPU-powered AI inference chip-related products and services in China, based on the relevant revenue in 2024.

Leveraging its IFIC Infrastructure, R&D capabilities in AI inference chips, and deep market insight, Intellifusion can respond quickly to changes in industrial demands and grasp the opportunity in the upcoming boom in AI inference chip-related products and services industry. Supported by policy tailwinds, growing application maturity, and semiconductor supply chain localization trends, Intellifusion is strategically positioned to capitalize on China’s golden window for domestic AI chips, emerging as both a key beneficiary and driver in the global recomposition of AI compute power.

In summary, Intellifusion has not only achieved full autonomy from self-developed architectures to ecosystem development but also made breakthroughs across market expansion, technological innovation, and product commercialization, establishing a difficult-to-replicate end-to-end advantage. Should its Hong Kong IPO proceed smoothly, at the time of listing, Intellifusion could potentially become China’s first and only artificial intelligence company with a dual A+H listing (Shanghai + Hong Kong). This milestone would fully unlock cross-border M&A opportunities, allowing Intellifusion to aggregate global resources, attract top-tier AI talent worldwide, and further solidify its leadership in China’s AI industry, particularly in the inference chip segment.

Qube Celebrates 20 Years of Business Events Impact with Industry Recognition and Vision for the Future

Qube Integrated Malaysia Sdn. Bhd. (Qube), a leading local business events industry player celebrating its 20th anniversary this year, won 10 prestigious awards at the Malaysia Business Events Awards (MBEA) 2025, organised by the Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS) last night.

The company, an established name in the MICE (Meetings, Incentives, Conferences and Exhibitions) industry, was honoured at the event held at the Kuala Lumpur Convention Centre with five Excellence Awards and five Merit Awards, out of the 10 categories it was shortlisted for, including:

1. Exhibition Management Excellence Award: Qube for Malaysia International Halal Showcase (MIHAS) 2024
2. Trade Exhibition Excellence Award for events between 10,001–20,000 sqm: BuildXpo Malaysia 2024
3. Booth Design Excellence Award for booths below 72sqm held in overseas: MyCEB Pavilion at IMEX Frankfurt
4. Booth Design Excellence Award for single deck booth 73 sqm & above: Proton Pavilion at KLIMS 2024
5. Stage Design Excellence Award: Acer APAC Predator League 2025
6. Trade Exhibition Excellence Merit Award (20,001 sqm and above): MIHAS 2024
7. Event Excellence (B2B – Corporate) Merit Award: Proton e.MAS 7 Grand Launch
8. Booth Design Excellence Merit Award (Double Deck): Malaysia Airlines @ MATTA Fair – March 2024
9. Merit Award Booth Design Excellence Merit Award (Double Deck): Malaysia Airlines @ MATTA Fair – Sept 2024
10. Purpose-Built Venue Excellence Merit Award (15,001 sqm and above): Malaysia International Trade and Exhibition Centre (MITEC)

Founded in 2005 and headquartered in Kuala Lumpur, Qube marks its 20th anniversary this year with a bold step forward in digital innovation, talent development, and regional collaboration. Reinforcing its long-term commitment to shaping the future of MICE, the company has announced several new initiatives that underline its role as a strategic player in Malaysia’s trade and tourism growth.

Over the last two decades, Qube has grown from a boutique design-and-build agency into a powerhouse for creative and executional excellence in exhibitions and events. The company has delivered Malaysia’s pavilions at global showcases, including Expo 2017 Astana and Expo 2020 Dubai, which drew millions of visitors. In 2024, Qube set a significant milestone when the company acquired the tenure to manage the Malaysia International Trade and Exhibition Centre (MITEC), the country’s largest business events venue.

In 2024, Qube also acquired SEA Healthcare & Pharma Show (SEACare), a long-running business trade exhibition in the medical and pharma sector. Most recently, Qube designed, built and managed the Malaysia Pavilion at the 2025 Mobile World Congress in Barcelona, and continues to manage MIHAS, the world’s largest halal trade fair and a Guinness World Records title holder.

On this achievement, Richard Teo, Executive Chairman of Qube, said: “This recognition means a great deal to us. It reflects the dedication of our team, the trust of our clients, and the strength of the partnerships we have built. These platforms do more than showcase what we can do. They position Malaysian brands globally, create new opportunities for SMEs, and attract long-term business and investment into the country.”

“Business events are not just about putting people in the same room. They help drive innovation, stimulate economic activity, support jobs and strengthen supply chains. At the heart of it all, we are focused on creating meaningful impact for our clients, our people and the nation,” he added.

Collaboration with the Public Sector

Qube continues to work closely with public agencies including MATRADE, the Construction Industry Development Board (CIDB), the Malaysia Convention & Exhibition Bureau (MyCEB) and others. These partnerships align with national priorities under the 13th Malaysia Plan and ongoing tourism recovery efforts, particularly in SME development, export growth, talent upskilling and business event-driven tourism.

Looking ahead, Qube will play a central role in several major upcoming platforms:

  • MIHAS 2025, in partnership with MATRADE
  • SME Venture@ASEAN 2025, with SME Corporation Malaysia
  • ICW & BuildXpo 2025, co-organised with CIDB Malaysia

In addition, Qube will host its signature event, WE2025: Future in Motion, a flagship initiative for empowering women in business, leadership, and innovation, from 25 to 27 November 2025. Themed Women in Trade. Investment. Leadership., this multi-platform event is organised in collaboration with the Ministry of Women, Family and Community Development and the Department of Women Development.

WE2025 features four integrated pillars: a leadership conference, a large-scale trade and investment expo, curated business matching and key side events.

Aimed at women entrepreneurs, corporate leaders, SMEs, startups, youth, ecosystem enablers and inclusive industries from across ASEAN and beyond, WE2025: Future in Motion is expected to attract 10,000 visitors, 1,000 delegates, 500 exhibitor booths, and generate RM100 million in trade and investment opportunities.

“We have always believed in using our platforms to make a lasting difference. Whether it is through delivering a high-impact trade show, empowering local brands, or raising the bar in venue management, our purpose has remained the same. Our growth is powered by talent, shaped by innovation, and guided by the values of inclusivity and excellence,” added Teo.

Contacts for Media Enquiries:  

MNAIR PR Consultancy Sdn. Bhd.

Sashikala Nair
Director, Public Relations
+6012 566 9095
sashi@mnairpr.com

Shuman Vasu
Associate Director, Public Relations
+6017 354 6461
shumanv@mnairpr.com

Qube Integrated Malaysia Sdn. Bhd. (Qube)

Yasmin Bathamanathan
Manager, PR & Communications
+6012 358 9063
yasmin@qube.com.my

Graid Technology Announces Global Availability of SupremeRAID(TM) HE (HPC Edition), Wins Best of Show at FMS 2025

Award-winning GPU-based RAID solution delivers unmatched resilience and efficiency for modern HPC and AI workloads.

Graid Technology, inventor of the world’s first GPU-based RAID, today announced the global availability of SupremeRAID HE (HPC Edition)-a next-generation RAID solution engineered to deliver high availability and resilient NVMe performance for AI, HPC, and large-scale enterprise environments.

Graid Technology Announces Global Availability of SupremeRAID™ HE, Wins Best of Show at FMS 2025

Graid Technology Announces Global Availability of SupremeRAID™ HE, Wins Best of Show at FMS 2025

The announcement follows the product’s recognition at FMS (Future of Memory & Storage) 2025, where SupremeRAID™ HE received the Best of Show Award for Most Innovative Enterprise Business Application, HPC Category. The award highlights the industry’s growing demand for modern, GPU-accelerated RAID that can meet the unique performance and resiliency challenges of large-scale distributed infrastructure.

SupremeRAID™ HE offloads RAID operations from the CPU to the GPU, unlocking the full performance potential of NVMe SSDs while enabling uninterrupted access to critical data. The solution supports cross-node high availability without replication, helping enterprises simplify failover strategies, reduce total cost of ownership, and maximize storage efficiency. It integrates seamlessly with leading parallel file systems such as Ceph, Lustre, MinIO, and IBM SpectrumScale and supports deployment across a broad range of infrastructure-including Supermicro’s Petascale High Availability Dual Node All-Flash platform.

“SupremeRAID HE was built to address a gap in high-performance data environments: how to protect critical workloads without compromising speed or efficiency,” said Leander Yu, President and CEO of Graid Technology. “By shifting RAID operations to the GPU, we give customers the ability to scale NVMe performance while maintaining true high availability across nodes-without the complexity of replication or performance tradeoffs.”

“Graid Technology continues to lead with innovation that challenges the status quo of enterprise storage,” said Jay Kramer, Chairman of the FMS Awards Program. “SupremeRAID™ HE offers an elegant, high-performance solution to the critical challenge of providing RAID data protection in high availability environments, especially in conjunction with platforms like Supermicro’s Storage Bridge Bay (SBB).”

SupremeRAID™ HE is available now through Graid Technology’s global partner network.

Explore the full solution brief featuring Supermicro’s Petascale High Availability Dual Node All-Flash platform:

https://www.graidtech.com/supremeraid-he-hpc-edition

Contact Information
Andrea Eaken
Senior Director of Marketing, Americas & EMEA
andrea.eaken@graidtech.com
949-742-9928

.SOURCE: Graid Technology Inc.

Related Documents:Solution_Brief_Graid_SupremeRAID_HE.pdf

U.S. Polo Assn. Named No. 1 Sports Licensor and Top 25 on License Global’ Prestigious ‘Top Global Licensors’ List

Sport-Inspired Brand Recognized for Reaching $2.5 Billion in Global Retail Sales in 2024

USPA Global today announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has once again been ranked in the Top 25 on License Global magazine’s list of Top Global Licensors for 2025, and is now ranked the No. 1 sports brand on the prestigious list. Recognized as one of the world’s largest sports and apparel licensors, U.S. Polo Assn. remains in the 23rd position overall, alongside other high-profile sport brands, such as the NFL Players Association, Formula 1, and the PGA Tour.

U.S. Polo Assn.

U.S. Polo Assn.

U.S. Polo Assn.’s authentic connection to the sport of polo continues to resonate with younger consumers and sports fans around the world, contributing to the brand’s No. 1 sports brand ranking and position within the Top 25 of the Top Global Licensors list for three consecutive years. The sports brand’s strong ranking for this year was based on delivering a record-breaking $2.5 billion in global retail sales in 2024. U.S. Polo Assn.’s worldwide footprint includes over 190 countries in more than 1,100 U.S. Polo Assn. stores, thousands of additional retail locations, more than 12 million social media followers, and over 50 e-commerce sites in 20 languages.

“Earning the No. 1 sports brand ranking while remaining at 23rd on License Global’s Top Licensors list is a powerful validation of our global brand strategy and the tireless work of our USPA Global Team as well as worldwide strategic partners,” said J. Michael Prince, President and CEO of USPA Global, the company that manages and markets the multi-billion-dollar U.S. Polo Assn. brand. “To be ranked alongside some of the most iconic names in sports and fashion reinforces our position as a top-performing global brand with an authentic connection to sport, style, and consumers around the world.”

License Global’s Top Global Licensors list is a “who’s who” of licensing titans, derived from an annual study that “accounts for retail sales of licensed merchandise across all major sectors of business, from entertainment to sport, food and beverage, corporate brands, fashion, art and design, and much more.”

“U.S. Polo Assn. being recognized as the No. 1 sports brand in this year’s ranking in the Top Licensors list from License Global is a direct reflection of the trusted relationships we have built with our strategic global partners,” said Molly Robbins, SVP of Global Licensing and Business Development for USPA Global. “Our strategic focus on collaborative growth, product excellence, and consistent brand storytelling continues to fuel our momentum and drive long-term success in key markets worldwide.”

To be considered for inclusion, each brand or corporate entity must submit retail figures based on worldwide sales of licensed merchandise. In addition, License Global’s editors do their own independent vetting and verification by consulting industry sources, annual reports, and financial documents. The world’s largest brand remains The Walt Disney Company at $62 billion in retail sales, with the fourth largest brand, NBC Universal, at $17 billion, and Warner Bros. Discovery, the sixth largest brand, at $15 billion.

“Looking ahead, I’m very optimistic about U.S. Polo Assn.’s global growth potential. We are on track to surpass $3 billion in sales in the near future and continue to open more store locations in both existing regions and exciting new markets,” added Prince.

About U.S. Polo Assn. and USPA Global
U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.

U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.

For more information, visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.

Contact Information
Kaela Drake
PR & Communications Specialist
kdrake@uspagl.com
+001.561.461.8596

Stacey Kovalsky
VP, Global PR & Communications
skovalsky@uspagl.com
+001.561.790.8036

SOURCE: U.S. Polo Assn.

HKTDC to release report on Hong Kong Businesses Navigating Mainland China E-commerce Retail Market – Consumer Survey Results

– Mainland consumers favour online shopping for Hong Kong products, view brands as high-quality, reputable and authentic

– 78% of respondents had bought Hong Kong products online in the past year particularly young consumers and those in areas with higher consumption levels.
– Online shoppers hold positive views of Hong Kong products and brands, giving an average score of 8.7 to Hong Kong products.
– Genuine products, reputable merchants and wide product selection are the most important considerations for respondents, over low prices and other factors when purchasing online.
– Mainland online shoppers mostly buy electronic, luxury and fashion goods from Hong Kong.

Hong Kong Trade Development Council (HKTDC) released the research report: Hong Kong Businesses Navigating Mainland China E-commerce Retail Market – Consumer Survey Results. The results show that Mainland online shoppers generally like Hong Kong products. Overall, 78% of respondents had bought Hong Kong products online in the past year. Mainland consumers have a high level of trust in Hong Kong brands and hold products in high regard. This provides a solid foundation for Hong Kong businesses to expand into the Mainland e-commerce market. Hong Kong businesses can leverage the advantage of Hong Kong brands and choose suitable platforms for e-commerce sales. The upcoming release of the E-commerce Case Studies report will focus on ways to develop e-commerce retail sales and serve as a reference for Hong Kong businesses looking to expand their market in the Mainland.

HKTDC Director of Research, Irina Fan, said: “Mainland consumers shop online frequently, averaging 9.4 purchases per month. This is particularly true for those in tier-one and Greater Bay Area (GBA) cities. When shopping online, Mainland consumers’ primary consideration is whether the products are genuine, not low prices. This suggests that Hong Kong businesses can leverage the superior quality of Hong Kong products and the strong reputation of Hong Kong brands in Mainland China to expand into the Mainland e-commerce market. They can flexibly use comprehensive shelf and ‘interest-based’ e-commerce platforms to sell online along with methods such as live-streaming and short videos for promotion, and stand out in the highly competitive market through targeted marketing strategies.”

HKTDC Research commissioned an agency to conduct a survey of 2,200 middle-income or above consumers from different Mainland cities during the second and third quarters of 2024. The aim was to learn about their online consumption habits, as well as their preferences regarding Hong Kong products. The findings will help Hong Kong companies better formulate appropriate strategies to tap the Mainland e-commerce retail market.

Online shopping characteristics of Mainland consumers
– Mainland consumers shop online frequently, averaging 9.4 purchases per month. This is particularly true for those in tier-one cities. Shopping frequency among women (10 times monthly) is higher than for men (8.8 times). By age group, consumers aged 30-49 demonstrate the highest online shopping frequency, averaging 11.2 purchases per month.
– Comprehensive e-commerce platforms are the predominant online shopping channel, with 95% of respondents using comprehensive/digital shelf e-commerce platforms to shop online. This figure far exceeds the use of live-streaming/short video platforms (38%) and group buying platforms (32%). In terms of online shopping for cross-border or imported products, consumers prefer to use Tmall International or JD International, with 73% and 63% respectively choosing these platforms. Other notable platforms include Douyin E-commerce Global (30%) and Amazon China (21%).
– Authenticity, wide selection and reputation are top considerations for online shopping. An authenticity guarantee policy (15%), reputable merchants (11%) and wide product selection (9%) are the top three considerations for respondents when purchasing online.
– “Promotion” is the most important factor for consumers when buying newly-launched products online. Nearly 90% of respondents cited “promotion” as their primary consideration, followed by product quality and design (70%).
– Mainland consumers demand quick delivery. Mainland online shoppers, on average, get their products 3.2 days after placing an order, with fast fulfilment a key competitive advantage in winning over local consumers.

Wing Chu, Principal Economist (Greater China) of HKTDC, said: “Although online purchasing power currently clusters around tier-one and tier-two cities, the tier-three cities are becoming a focus for Hong Kong companies. Furthermore, irrespective of whether they are shopping locally or from further afield, consumers generally demand quick delivery, and their expectations in this regard continue to rise. The Hong Kong products that Mainland consumers most like to buy online are consumer electronics and electrical products (72%), followed by luxury goods (46%) and fashion products (41%).” It’s worth noting that Mainland consumers who purchase Hong Kong products online tend to spend a higher average order amount on children’s products, drugs and health supplements, and pet products compared to the overall average.”

Hong Kong products favored by Mainland Consumers
– Mainland online shoppers generally like Hong Kong products, particularly those in areas with higher consumption levels. Overall, 78% of respondents had bought Hong Kong products online in the past year. The proportion was 85% in tier-one cities, 81% in the Greater Bay Area, 78% in tier-two cities and 74% in tier-three cities.
– Hong Kong products are more favoured by young consumers. In terms of age distribution, 83% of respondents in the 18-29 age group said they had bought Hong Kong products online in the past year. This was closely followed by consumers aged 30-49 (82%), while the proportion among consumers above 50 years old was lower (65%).
– Female consumers in high-consumption areas tend to prefer Hong Kong products. While overall gender differences are minimal – 77% of male and 79% of female respondents reported purchasing Hong Kong products – the trend varies by region. In tier-one and tier-two cities, and in the GBA, significantly more female consumers have bought Hong Kong products online.
– Mainland online shoppers hold positive views of Hong Kong products, brands and online stores. The respondents gave an average score of 8.7 to Hong Kong products when compared with other products. Respondents from tier-three cities gave the highest score of 9.2. In terms of age, consumers aged 18-29 gave Hong Kong products the highest rating of 8.9.
– Mainland online shoppers mostly buy electronic, luxury and fashion goods from Hong Kong. The Hong Kong products that Mainland consumers most like to buy online are consumer electronics and electrical products (72%), followed by luxury goods (46%) and fashion products (41%). The GBA has the highest proportion of consumers buying consumer electronics and electrical products (79%), followed closely by tier-one cities (78%). The proportion of consumers buying luxury goods in tier-one cities (53%), the GBA (52%) and tier-two cities (51%) are comparable.
– Orders in food and drug sectors, and of products for children and pets, exceed the overall average. Among Mainland shoppers who have bought Hong Kong products online, the average order value for children’s goods is 24% higher than the average. Orders of drug and health products (16%), pet products (29%), and fresh produce and food (18%) are also significantly higher in value than the average.
– The Hong Kong “brand” enjoys a good reputation in the Mainland market and is widely seen as a mark of trust and quality. When asked to describe Hong Kong merchandise, brands and products, respondents viewed products from Hong Kong as “in compliance with stringent product safety standards” (28%), “guaranteed raw material/material quality” (28%), “guaranteed genuine products” (27%), “confidence in quality” (27%) and “fashionable look” (27%).
– Mainland consumers seek out official brand channels. Mainland consumers obtain information from official brand channels when choosing Hong Kong electronics and electrical products (31%), luxury items (34%), sports products (34%) and fashion products (26%). They rely heavily on product reviews when purchasing Hong Kong drug and health products (34%) and beauty products (32%) online.

Eric Chu, Economist (Greater China) of HKTDC, said: “Based on case studies of e-commerce retailers and service providers in Mainland China, Hong Kong businesses might consider using multi-channel operation strategies. This includes leveraging both traditional digital shelves platforms and emerging ‘interest-based‘ platforms to reach different consumer groups and increase traffic. However, some cases show that while businesses can collaborate with influencers/KOLs for “influencer marketing,” it’s important to base these efforts on market analysis and data to select influencer endorsements that suit their products. This approach improves promotional accuracy and achieves cost-effective, optimal marketing results.”

HKTDC will later release an additional report titled “Hong Kong Businesses Navigating Mainland China E-commerce Retail Market – Case Studies,” which includes detailed case studies of e-commerce activities and service providers in Mainland China.

The second Hong Kong Shopping Festival aims to help local businesses navigate Mainland China e-commerce
The second Hong Kong Shopping Festival, organised by the Hong Kong Trade Development Council (HKTDC) will take place on Mainland e-commerce platforms from 1 to 31 August. Fully aligned with measures outlined in the 2024 Policy Address, the festival aims to support Hong Kong’s small and medium-sized enterprises (SMEs) as they expand into the Mainland e-commerce market. As the flagship event of HKTDC’s E-commerce Express, the second Hong Kong Shopping Festival has attracted nearly 260 brands across seven major categories, including health supplements, food and beverages, home and living, personal care and cosmetics, apparel and accessories, smart gadgets, and products for the silver market. The festival features over 500 unique products and offers month-long discount promotions.

References
– HKTDC Research website: https://research.hktdc.com/en/
– Hong Kong Businesses Navigating Mainland China E-commerce Retail Market – Consumer Survey Results: https://research.hktdc.com/en/article/MjA3OTk2MjAzNA  

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Media enquiries
Please contact the HKTDC’s Communication and Public Affairs Department:

Sharon HaTel: (852) 2584 4575Email: sharon.mt.ha@hktdc.org
Katy WongTel: (852) 2584 4524Email: katy.ky.wong@hktdc.org


About HKTDC
The Hong Kong Trade Development Council (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 Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitionsconferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus

HKTDC appoints Sophia CHONG as Executive Director

The Hong Kong Trade Development Council (HKTDC) announced today the appointment of Sophia Chong as the Executive Director with effect from 1 October succeeding Margaret Fong, who is to retire.  Ms Chong is currently a Deputy Executive Director of HKTDC.

Professor Frederick Ma, Chairman of HKTDC, stated, “Sophia is an innovative, resolute and wise leader.  Over the years, she has worked closely with small- and medium-sized enterprises (“SMEs”) with a view to enhancing Hong Kong’s commercial and trade influence with remarkable achievements.  I firmly believe that she will lead the HKTDC to a new chapter upholding the enterprising spirit of innovation and pragmatism to further consolidate Hong Kong’s advantage as a global trading hub, help enterprises seize and explore unlimited business opportunities”.

Professor Ma also expressed his gratitude to Margaret Fong for her outstanding contributions over the years, praising her for helping the industry expand its global reach, deepening international connections, overcoming various challenges and laying a solid foundation for HKTDC.  He also wished her a fulfilling and happy retirement life.

Ms Chong, Executive Director (designate), said, “I am honoured and fully aware of the responsibility on my shoulders.  The global economy is changing rapidly.  Together with the HKTDC team, I will continue to keep pace with the times and leverage Hong Kong’s unique advantages as a global hub, drive transformation through innovation and fully connect the local, mainland and international business communities.  This will create broader business opportunities for enterprises and inject inexhaustible impetus into Hong Kong’s economy”.

Ms Chong has served HKTDC for more than 30 years.  She was promoted to Deputy Executive Director in 2022 overseeing exhibition and digital businesses.  She has successfully turned several exhibitions into world-leading sourcing and marketing events, led the innovation of digital commerce, created opportunities for SMEs, connected global buyers and guided HKTDC to become a leading trade promotion organisation.

The appointment was unanimously approved by the Council and announced after obtaining the consent of the Chief Executive of the Hong Kong Special Administrative Region in accordance with the Hong Kong Trade Development Council Ordinance.

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Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:

Sam HoTel: (852) 2584 4569Email: sam.sy.ho@hktdc.org   

About HKTDC
The Hong Kong Trade Development Council (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 Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitionsconferences 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.

FWD Group completes build-out of high-net-worth hub in Asia

– FWD Private serves the global high-end insurance market with diversified asset allocation, wealth management and legacy planning

– Newly indexed universal life product also introduced in Bermuda and Singapore; among the first wave of offerings in Hong Kong

FWD Group Holdings Ltd (FWD; 1828.HK) today announced, under its exclusive ‘FWD Private’ brand, the completion of a high-net-worth (HNW) hub in Asia and the full deployment of a new FWD Private Lounge in Hong Kong.

Leveraging FWD Group’s strong network, FWD’s HNW business operates out of three jurisdictions: Hong Kong, Singapore and Bermuda, with both onshore and offshore insurance solutions for HNW and ultra HNW customers worldwide.

FWD Private, established in 2023, offers comprehensive legacy planning solutions and services for HNW and ultra HNW individuals. The FWD Private Lounge, located in the prime commercial district in Hong Kong, is inspired by the tourbillon – a symbol of time and precision.

Ken LauManaging Director of Greater China and Hong Kong Chief Executive Officer, FWD, said, “The completion of the HNW hub reflects our long-term vision and reinforces FWD’s position as a trusted partner in wealth and legacy planning across Asia and beyond. Building on our strong foundation in Hong Kong, and our ability now to service other markets including Southeast Asia and the Middle East, we’re well-positioned to navigate diverse markets and tailor solutions that empower customers and their families to truly celebrate living.”

In Bermuda and Singapore, FWD Private recently launched Imperial Fortune – an indexed universal life (IUL) product that combines uncapped index returns with a minimum guaranteed point to point return of 2.3% per annum. FWD Hong Kong also launched its own IUL product, which was among the first wave of offerings in the market, in response to recent regulatory guidance from the Insurance Authority and Hong Kong Monetary Authority.

Shelyne Shum, Chief Partnership Distribution Officer who leads the strategic partnership business for FWD in Hong Kong and for FWD Private, said, “Through FWD Private, we’ve built a compelling proposition anchored in time-to-market agility, product and service innovation, and exceptional client experience. The FWD Private Lounge is designed for preferred partners to host exclusive engagements and deliver a refined, personalised experience to our customers.”

FWD Private’s products are primarily distributed via international brokers across Hong Kong, Singapore, Dubai and Switzerland, who provide personalised services and innovative wealth planning solutions to HNW and ultra HNW customers worldwide. FWD Private operates in Bermuda under FWD Life Insurance Company (Bermuda) Limited. A Singapore branch was established in 2024.

About FWD GroupFWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code 1828.

For more information, please visit www.fwd.com

About FWD PrivateFWD Private is a new horizon in legacy planning for high-net-worth individuals.

Dedicated to the growth, preservation and protection of wealth, FWD Private brings an innovative approach and fresh perspective to its customised solutions in wealth planning, giving customers an unparalleled experience.

With its hub in Asia, FWD Private’s cultural understanding ensures that the challenges of managing customers’ wealth is navigated with meticulous attention to detail, supported by digital infrastructure that provides the flexibility and dynamism that customers desire.

As a distinct yet integrated part of the overall FWD Group, FWD Private benefits from FWD Group’s financial strength, stability and investments in digital innovation.

For more information, please visit www.fwdprivate.com