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UPDATED – Gaza is the deadliest conflict for aid workers, says ChildFund

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Source: ChildFund New Zealand

The number of aid workers killed in Gaza has reached unprecedented levels-making this one of the deadliest crises in recent history for those dedicated to saving lives.
“Today is World Humanitarian Day, and ChildFund New Zealand is honouring its local partners working on the ground in Gaza.
These are people bringing lifesaving water and food to children in the strip and trying to maintain some sort of normality by continuing education and making safe play areas for children,” says Josie Pagani CEO of ChildFund.
The occupied Palestinian territory is the deadliest setting for aid workers worldwide, with Palestinian staff accounting for 98% of aid worker fatalities: 509 out of 517 killings that took place between 2023-2025, according to the Aid Worker Security Database.
ChildFund has joined more than 100 organisations in a joint global letter calling on Israel to stop the “weaponisation of aid” into Gaza, as “starvation deepens”.
Under the new guidelines, registration can be rejected if Israeli authorities deem that a group denies the democratic character of Israel or “promotes delegitimization campaigns” against the country.
“ChildFund and its partners are not at all involved in the politics of the region. Its focus is entirely on saving lives.”
Aid agencies have been unable to deliver enough aid which has left hospitals without basic supplies and children, people with disabilities, and older people dying from hunger and preventable illnesses.
“The UN says 600 trucks of supplies a day are needed in Gaza. To date only a few are getting through,” says Josie Pagani.
“It’s not just the horror of starvation and lack of water. Gaza’s education system has collapsed and is no longer operating, schools are used as emergency shelters and are often bombed.
More than 50,000 children have been killed or injured, and 658,000 school-aged children are left without access to formal learning spaces.
Through its partners, ChildFund has supported over 500,000 individuals with emergency access to water, sanitation, food and shelter.
“Over the coming months, our partners in Gaza will bring water and food in and set up temporary schools to keep children learning the basics – reading and maths – so they have some hope of a future if they survive this horror.”
Honour the principle of World Humanitarian Day:
The New Zealand government must:
1. Press Israel government to end the weaponisation of aid, including through bureaucratic obstruction, such as the INGO registration procedures.
2. Call for the immediate enforcement of international humanitarian law to ensure the protection of aid workers.
3. Demand safe humanitarian access to deliver life-saving aid in Gaza.

MIL OSI

Energy Sector – Electricity Authority moves to level the power playing field

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Source: Electricity Authority

The Electricity Authority Te Mana Hiko (the Authority) is moving to level the playing field between the four large gentailers (Genesis, Contact, Meridian and Mercury) and independent participants in the electricity market.
The level playing field options were developed by the Authority, the Commerce Commission Te Komihana Tauhokohoko (Commerce Commission) and the Ministry of Business, Innovation and Employment under the Energy Competition Task Force.
The Authority has today confirmed three targeted interventions to boost competition, build confidence in the wholesale market, and ultimately give New Zealanders better access to affordable electricity.
“Confidence in the market underpins healthy retail competition and affordable power prices,” says Electricity Authority Chair Anna Kominik. “We are concerned that aspects of the wholesale market may be eroding the confidence required for independent players to compete, and we are acting to address these concerns.”
The Authority is progressing these pro-competition interventions at pace, so changes could be in place by mid-2026:
1. Options for requiring gentailers to trade minimum volumes of the new wholesale electricity hedge product introduced in January to help independent participants manage their risk. Regulation would only apply if voluntary trading volumes do not grow. The issues and options paper is now available for feedback.
2. Code changes necessary to introduce mandatory non-discrimination obligations for the four large gentailers, with draft Code amendments published for feedback in October. This will provide greater confidence that the gentailers’ wholesale businesses are not treating independent retailers differently to their own retail businesses.
3. A review of ‘market making’ in the electricity futures market to ensure it promotes healthy competition and transparency. This will be published for feedback in November.
The Authority is also ready to intervene with urgent regulation if there is a sudden material reduction in the supply of shaped hedges, to maintain the market while an enduring solution is considered. By fixing costs when energy demand is highest, shaped hedges help retailers manage risk and keep prices stable and affordable, even in tight market conditions.
“Targeted and timely interventions are needed to encourage new generators and independent retailers to enter, grow and compete in the market. These initiatives will promote healthy competition, retail innovation and investment in the sector – all of which are essential to deliver a reliable and affordable electricity supply,” Kominik said.
In February, the Authority sought feedback on options to level the playing field between the gentailers and independent generators and retailers, receiving over 40 written submissions and meeting with more than 20 submitters. The Authority is continuing to consider the broad range of views shared as it develops draft Code amendments for consultation and will respond to those views in the consultation paper.
“We know from the conversations we’re having that some feel that regulatory change is not happening fast or hard enough. The proposals being announced today target measures that can be rolled out in months, not years, driving timely progress while ensuring all parties can participate in and contribute to the process,” says Kominik.
“New Zealand’s electricity market is undergoing significant change, and the Authority has a clearly signposted programme of proposed reforms and adjustments underway that keep the focus on security of supply and affordability. The Authority is prioritising practical measures with clear benefits and time for input to ensure policy changes are robust and in New Zealand consumers’ long-term interests,” says Kominik.
Commerce Commission Chair and Task Force member Dr John Small says: “These initiatives are designed to work together to promote increased competition in the sector. Combined they increase transparency for market participants transacting with the gentailers and improve access to the wholesale electricity contracts they need. They would also give new players and investors confidence to enter the market and encourage the development of innovative new products and services. We don’t expect these proposed changes would materially increase gentailers’ costs but do expect they would lead to more choices and lower power prices over the long term.”
About our proposed approach to regulating the wholesale electricity (super-peak) product
The Authority is now seeking feedback on options for regulating the super-peak product, including market making on the over the counter (OTC) market as its preferred approach, should voluntary trading fail to deliver sufficient competition.
These ‘shaped’ hedge contracts enable retailers to offer stable prices to consumers while managing their exposure to volatile morning and evening peak wholesale prices. This increases competition in the market, brings more power into the system, provides more choice for consumers, and puts downward pressure on retail prices. This type of product is becoming increasingly important as the electricity system becomes more reliant on renewable generation and spot market pricing becomes more volatile.
Voluntary trading in the super-peak product began in January this year and while it has already improved availability and pricing, the market remains shallow, with limited seller diversity and low trading volumes. To address this, the Authority is proposing to set clear expectations for robust participation in voluntary trading by the gentailers, who own over 95% of flexible generation (which backs shaped hedge contracts), and signals that regulation may follow if trading does not improve. The Authority is also ready to intervene with urgent regulation if there is a sudden material reduction in the supply of shaped hedges. 
About our review of market making
Market making is a service where a participant will quote prices for two sides of a market (ie both buys/bids and sells/offers) in a particular derivative, with a specified amount of volume and a specified bid-ask price spread. This service provides liquidity by ensuring there is always volume available to be bought or sold.
In 2022, the Electricity Authority introduced mandatory market making in the electricity futures market, with the following objectives:
  • To support a robust and reliable forward price curve.
  • To increase the availability of risk management contracts for market participants.
This framework was implemented through a combination of four regulated market makers (the gentailers) and one commercial market maker, who are required to provide certain volume of buy and sell offers for specific electricity futures products.
The Authority is now undertaking a policy review of market making arrangements to ensure that current settings remain appropriate and aligned with our market making policy objective.
As part of this review, we will also explore potential changes to strengthen market making services and ensure they continue to support a resilient and efficient electricity market. The Authority will consult on these proposals in November 2025.
About the Energy Competition Task Force
The Energy Competition Task Force was established by the Commerce Commission Te Komihana Tauhokohoko and Electricity Authority Te Mana Hiko, with the Ministry of Business, Innovation and Employment, in August 2024 to investigate ways to improve the performance of the electricity market.
The Task Force has been considering eight initiatives that will encourage more and faster investment in new electricity generation, boost competition, enable homes, businesses and industrials to better manage their own electricity use and costs, and put downward pressure on prices.

MIL OSI

Advocacy – Palestine Forum of New Zealand Marks World Humanitarian Day, Calls for Urgent Action in Gaza

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Source: Palestine Forum of New Zealand

On this World Humanitarian Day, the Palestine Forum of New Zealand solemnly recognizes the ongoing humanitarian crisis in Gaza, where years of blockade, conflict, and systematic deprivation continue to devastate lives.

The situation in Gaza has reached critical levels. Hundreds of thousands of Palestinians face food and water shortages, disrupted healthcare services, and a lack of necessities. Children, the elderly, and the most vulnerable communities are bearing the brunt of this prolonged crisis.

“The people of Gaza are living under conditions that most of us cannot even imagine,” said Maher Nazzal, “World Humanitarian Day is a reminder that the international community must act to alleviate suffering, protect civilians, and uphold the rights of Palestinians to live with dignity and security.”

We urges governments, humanitarian organizations, and civil society globally to:

  • Increase immediate humanitarian assistance to Gaza.
  • Advocate for an end to the blockade and restrictions that exacerbate suffering.
  • Support sustainable solutions that ensure long-term safety, healthcare, and education for Palestinian communities.

World Humanitarian Day is a time to honour the courage of humanitarian workers, recognize the resilience of affected communities, and reaffirm our commitment to justice and human rights for all. We call on New Zealanders to stand in solidarity with Gaza and amplify the voices of those living through the humanitarian catastrophe.

Ngā mihi nui,
Maher Nazzal
Palestine Forum of New Zealand

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Boosting competition for affordable electricity

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Source: New Zealand Government

Energy Minister Simon Watts welcomes the new rule agreed to by the Electricity Authority will level the playing field for smaller power companies, boosting retail competition to put downward pressure on power prices.

“We know many Kiwis are struggling with the cost of living, with rising energy prices putting more pressure on their budgets. That’s why this Government is taking competition in the electricity market seriously because more competition means Kiwis can have access to more affordable electricity,” Mr Watts says.

“Currently the large power companies can cross subsidise themselves because they both produce energy and sell it. The new rule will mean they have to offer their generation at the same rate to everyone and can’t offer themselves discounts. This will level the playing field by giving smaller companies a better chance to compete and will mean Kiwi consumers have more choices.

“Healthy competition is essential to give us the reliable and affordable electricity we need to power our homes and businesses. The changes announced today will encourage investment in new generation and allow all players to compete on a level playing field. This will lead to better economic outcomes, including for our large-scale industries.”

These changes were developed under the Energy Competition Task Force, established in August last year in response to the winter power crisis. The new non-discrimination rule will be consulted on later this year.

“While today’s announcement is a positive step, we remain deeply concerned about the lack of affordability and competitiveness in the electricity market. I expect the Authority to deliver more efficient, competitive, and reliable electricity market,” Mr Watts says.

“Looking ahead, I have also received the final report of the electricity markets performance review, which looked at how we can improve the market to support economic growth and ensure access to reliable and affordable electricity for consumers. I will have more to say on the review’s outcomes in due course, once Cabinet has given careful consideration to its findings and recommendations.”

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Get wild at work (in a good way)

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Source: NZ Department of Conservation

Date:  19 August 2025

Conservation Week | Te Wiki o Te Taiao: 1-7 September 2025.

With more than 4,000 of our native species at risk, the time to step up (and maybe step outside) is now. And don’t worry, we’re not asking for a full-blown forest restoration. Even small actions can make a tree-mendous difference.

Led by DOC, this year’s theme ‘Take action for nature’ is a powerful call for workplaces to support our unique biodiversity – and improve the wellbeing of their teams at the same time.

“Connecting with nature isn’t just good for the environment, it’s proven to benefit mental health, reduce stress, and increase productivity and creativity in the workplace,” says Sia Aston DOC Deputy Director-General Public Affairs.

“Spending even a short time in nature can lift moods, improve focus, and help teams feel more connected. When businesses take action for nature, they’re also investing in their people.”

Whether it’s a walking meeting, a beach clean-up, a lunchtime quiz, or learning to identify native birds, Conservation Week activities are designed to boost both nature and workplace wellbeing.

DOC has created a Conservation Week kete full of ready-to-go resources to help businesses plan, promote and share their involvement.

Workplaces are encouraged to:

  • Choose one or more easy activities from the Conservation Week kete.
  • Share photos or videos on social media demonstrating how your business is taking action for nature.

Activities include:

  • Daily nature quiz – test your team’s knowledge with a new question each day.
  • Walking meetings – turn team catchups into nature-connected strolls.
  • Beach clean-ups – help your local environment and enjoy a day out.
  • Bird ID online course – learn to recognise native birds by sight and sound.
  • Spyfish Aotearoa – count fish for science during your break.
  • Fiordland Kiwi Diaries screening – relax over lunch with a dose of kiwi magic.

Download your free Conservation Week kete.

The kete includes activity guides and promotion materials to make running your own event simple, fun, and impactful.

Explore ideas at www.doc.govt.nz/conservationweek

Contact

For media enquiries contact:

Email: media@doc.govt.nz

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Confirmation of AA+ credit rating welcomed

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Source: New Zealand Government

Finance Minister Nicola Willis has welcomed confirmation from Fitch Ratings that the Government’s careful management of the books has preserved New Zealand’s strong credit rating. 

The international rating agency has affirmed New Zealand’s AA+ rating with a stable outlook. 

“At the moment New Zealand is borrowing overseas to continue providing good public services while we work to rebuild the economy and public finances,” Nicola Willis says.

“Historically, New Zealand governments have been able to borrow at reasonable rates because of their reputation for being responsible managers of public money, but that is not something that should be taken for granted.

“In the nicest possible language, Fitch’s commentary contains a warning for New Zealand. 

“Fitch says New Zealand’s rating is underpinned by the Government’s strong commitment to fiscal consolidation and an expectation that debt as a percentage of GDP will move to a downward path.

“However, Fitch warns that ‘evidence of a weakening in the culture of fiscal    commitment to fiscal responsibility would affect creditworthiness’.

“That is Fitch telling us that borrowing a lot more, as Opposition parties are proposing, would lead to a credit downgrade. That would increase the cost of government debt and also have a flow-on effect to the cost of household and business borrowing, as New Zealand would be seen as a more risky country to lend to.

“That is why this Government is committed to returning the books to surplus while continuing to invest in the public services New Zealanders need and shifting the economy onto a stronger growth path. 

“Doing so requires some difficult choices, but the alternative is increasing costs for Kiwi households and businesses.”

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One charged after drugs and ammunition found, Lower Hutt

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Source: New Zealand Police

Attribute to Acting Detective Senior Sergeant Ben Evans:

One person has been charged after Police found drugs, ammunition, and body armour at an address in Lower Hutt last night.

At around 9:20pm Hutt Valley Police executed a search warrant at a Belmont address, following a report of a person at the address possessing drugs.

During the search, Police located MDMA/Ecstasy, body armour, and a large quantity of varying rounds of ammunition.

A Firearm-Detector Dog unit was also deployed, assisting in the locating of the ammunition.

A 30-year-old man was arrested and is due to appear in Hutt Valley District Court today, charged with possessing ecstasy for supply and unlawfully possessing ammunition.

An investigation is underway, and a scene guard remains at the address.

ENDS

Issued by Police Media Centre

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Driver involved in dangerous overtaking incident summonsed, car impounded

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Source: New Zealand Police

To be attributed to Inspector Mike Brooklands, Manager – Commercial Vehicle and Safety Team:

A driver involved in a dangerous overtaking incident on the Whakapapa Access Road last weekend has been summonsed to appear in court for dangerous driving.

The incident occurred at around 9.20am on 16 August and was captured by the dashcam in an oncoming vehicle.

Police identified and located the driver as a result of information provided by the driver of the oncoming vehicle, and we’d like to thank them for passing information on to us.

The driver of the offending vehicle, a 40-year-old Auckland man, has been summonsed to appear in Taumaranui District Court on 16 October.  The vehicle has also been impounded for 28 days.

This kind of unsafe driving puts both other motorists and the occupants of the overtaking car themselves at risk of serious injury or worse.

In order to overtake safely, drivers need to ensure it is legal and safe to pass.

Drivers should use passing lanes when they are available, or otherwise ensure there is ample clear road ahead before attempting to overtake.

ENDS

Issued by Police Media Centre. 

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AI Agent Drives New Growth︱SY Holdings Reports 2025 Interim Results: Net Profit Up 23%; E-commerce Business Volume Surges Eightfold

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Source: Media Outreach

SHENZHEN, CHINA – EQS Newswire – 18 August 2025 – SY Holdings Group Limited (“SY Holdings” or the “Company”; Stock Code: 6069.HK), a digital intelligence technology company specialising in “AI + industrial supply chain” solutions, announced its interim results for the six months ended 30 June 2025.

According to the announcement, SY Holdings has been deeply implementing its “AI+” strategy, continuously advancing the commercialisation of AI Agent applications to support the growth of SMEs. As of 30 June 2025, the Company recorded a net profit of over RMB 2.03 billion, marking a year-on-year increase of 23%.

Leveraging AI Agent and other advanced technologies, based on comprehensive integration of industry ecosystems and data, SY Holdings fully exploits the benefits of its distinctive risk control model characterised by a “transaction-focused, asset-light” approach. The Company helps SMEs in the supply chain to “secure orders and access funding,” while offering efficient, cost-effective, and high-quality financing facilitation services.

For the six months ended 30 June 2025, the Company reported revenue and income from core business activities of approximately RMB 0.4 billion. The platform facilitated cumulative funding turnover of more than RMB 278.0 billion, a rise of over 29% compared to the same period last year, and served more than 19,100 customers in total, an increase of over 14% year-on-year. SMEs customers accounted for over 97% of the total customer base, with first-time borrowers making up more than 30%. The Company’s platform has helped customers reduce financing costs by at least 30%.

SY Holdings continued to develop its platform-based strategy, with its self-developed AI Agent—”SY Cloud Platform”—as the central hub to establish an efficient and intelligent matching mechanism between the industry and funding partners, supporting the rapid growth of its “asset-light” operating model.

As of 30 June 2025, the platform had established strategic partnerships with over 10 Fortune Global 500 companies and developed relationships with more than 180 funding partners, representing an increase of 31% year-on-year, positioning itself as a key partner for financial institutions in promoting inclusive finance. Based on this foundation, platform-based facilitation business accounted for approximately 88% of the total business volume, up 28 percentage points from the same period last year.

Platform technology service revenue reached approximately RMB 0.21 billion, showing a year-on-year increase of 37% and constituting 52% of total revenue—outpacing its growth target six months early and poised to significantly boost future earnings.

2025 is seen as the inaugural year for widespread commercial use of AI Agents. SY Cloud Platform has thoroughly integrated with popular open-source large language models like DeepSeek, Qwen, and Doubao, leading the way in offering diverse value-add services to its ecosystem partners.

For example, in the infrastructure sector, the platform can automatically gather tender and procurement information through multiple channels, perform data cleaning and data organization, and convert it into a standard format that is easy to analyse, covering key details such as project type, scale, budget, and technical requirements. By leveraging information on suppliers’ business scope, production capacity, qualification level, and historical bidding records, the platform delivers highly relevant tender opportunities directly to suitable suppliers.

Furthermore, the platform offers suppliers assistance with bidding document preparation, analysis of the competitive landscape, and pricing strategy advice, enabling them to enhance both bidding efficiency and success rates. By 30 June 2025, SY Holdings reported its initial revenue from AI-driven order acquisition, with income from AI “order-matching” services surpassing RMB 400,000.

In an era of rapid advances in AI technology, SY Holdings has continued to increase its investment in research and development. As of 30 June 2025, the Company’s cumulative R&D investment was close to RMB 270 million, with R&D personnel accounting for approximately 30% of the total staff. The Company holds 88 national invention patents and computer software copyrights, covering multiple fields including AI, big data, and cloud computing.

Building on this foundation, SY Holdings has developed and deployed a range of innovative applications, such as intelligent document sorting, intelligent contract review, and AI-powered customer service, collaborating closely with ecosystem partners to achieve cost reduction and efficiency improvements. During the reporting period, the average asset service volume per capital increased by approximately 27%, while our customers’ sales volume grew by over 60% year-on-year.

Demonstrating strong confidence in its long-term value and high regard for its future growth prospects, SY Holdings has announced a special dividend of RMB 600 million for 2025 and committed to maintaining a dividend payout ratio of no less than 90% for the financial years 2025 and 2026, thus continuing to share the company’s growth outcomes with its shareholders. Based on this pledge, the total dividend payout for 2025 will be approximately RMB 950 million. As of the closing price on the date of this results announcement, the dividend yield is estimated at around 8%.

SY Holdings has received unanimous backing from prominent institutions—including CICC; Tianfeng Securities, CSC(China Securities); SDIC Securities; Soochow Securities; Sinolink Securities; GF Securities; Guolian Securities; Phillip Securities; and Zheshang Securities—each assigning the Company a ‘Buy’ or ‘Outperform’ rating, with the highest target price of HK$21.65.

Expanding into New Sectors, Building New Growth Engines

While deepening its presence in key national industries such as infrastructure, healthcare, pharmaceuticals, and commodities, SY Holdings is also actively expanding into strategic emerging sectors including e-commerce and robotics. These emerging sectors together represent a potential market size of more than RMB 70 trillion and a customer base of over 26,000 thousand enterprises.

In the e-commerce sector, SY Holdings has expanded its coverage to six leading platforms, including Douyin, SHEIN, Shopee, Kuaishou, WeChat Channels, Poizon. As of 30 June 2025, the company’s cumulative e-commerce financing facilitation volume surpassed RMB 2.8 billion, reflecting an almost eightfold increase year-on-year.

Recently, SY Holdings completed system integration with a leading global fashion e-commerce platform and successfully embedded end-to-end online services within the platform. Through this integration, e-commerce merchants can utilise their “shipped but pending settlement orders” to create a virtuous cycle of “sales – early payment collection – repurchase – further sales,” thereby further expanding the growth potential of SY Holdings’ e-commerce sector business.

In the robotics sector, SY Holdings has formed a strategic partnership with Standard Robots (Wuxi) Co., Ltd., a global leader in industrial intelligent robotics, through investment, successfully launching its first innovative supply chain services transaction in the robotics industry. This collaboration has laid the groundwork for SY Holdings to expand into a new business segment, while the Company actively explores partnership models with enterprises engaged in industrial, service, and specialised robotics to accelerate its presence in China’s robotics market, which is valued at over RMB 190 billion.

In terms of strategic investment, SY Holdings has brought in XtalPi Inc. (Stock Code: 2228.HK)—known as the “first AI-for-Science stock”—and Be Friends Holding Ltd. (Stock Code: 1450.HK), a leading cross-platform live-streaming e-commerce company, as strategic investors. This move aims to bolster the company’s AI R&D capabilities, develop vertical-industry AI Agents, and rapidly penetrate the live-streaming e-commerce space.

In terms of computing power reserves, SY Holdings has secured support from the Wuxi Economic Development Zone and officially connected to the Xuelang Computing Center, NVIDIA AI Computing Center, and Sugon Advanced Computing Center, all operated by Wuxi Digital Whale Technology Co., Ltd. (“Digital Whale”). Digital Whale currently has more than 60 H800 servers in reserve, providing intelligent computing capacity exceeding 1,000P.

Leveraging these resources, SY Holdings will enable ecosystem partners to access sufficient intelligent computing capacity to meet advanced computing requirements across multiple scenarios, including model training and application deployment. The Company will continue to focus on the R&D and application of AI Agents, with operational efficiency expected to improve further in 2025. Average service volume per capita is projected to expand significantly, providing strong support for the Group’s profit growth.

Embracing Web 3.0 to Accelerate Expansion of International Operations

Currently, the international order is experiencing significant and complex changes, with the ongoing restructuring of global supply chains. Issues such as notable exchange rate volatility, low payment efficiency, and difficult market access have become key obstacles limiting the globalization of SMEs.

Recently, SY Holdings set up its international headquarters in Singapore to further grow its presence in overseas markets and to explore innovative uses for Web 3.0 and stablecoins.

In international business development, SY Holdings has established a strategic partnership with Xinbada (Guangzhou) Technology Co., Ltd., a leading supplier to SHEIN, through investment. The company will support the development of flexible, intelligent factories in overseas markets such as Turkey, Southeast Asia, and Morocco. Additionally, it will utilise the supplier’s role within the industrial ecosystem serving cross-border e-commerce platforms including SHEIN, Temu, Cider, and PatPat to speed up the global growth of China’s apparel manufacturing hubs and cross-border e-commerce platforms.

Furthermore, SY Holdings has been continuously expanding its business layout in Southeast Asia and has completed its first international financing transaction. Using its international market resources and platform connectivity, the Company will also support key pharmaceutical enterprises in processing and fulfilling export orders for herbal products.

It is worth noting that stablecoins, as an emerging payment and settlement instrument pegged to fiat currencies, leverage blockchain’s peer-to-peer transfer capabilities to enable instant “payment-equals-settlement” clearing, while reducing transaction costs to as low as 0.1%. SY Holdings plans to explore innovative applications of stablecoins in facilitating international supply chain finance services, aiming to improve capital turnover, lower cross-border payment costs, and reduce foreign exchange volatility risks. In doing so, the Company seeks to provide an optimal customer experience characterised by speed, efficiency, quality, and cost-effectiveness, and to act as a bridge for SMEs in the Asia-Pacific region as they expand globally.

Looking ahead, as AI and Web 3.0 become increasingly integrated, the technological foundations of the digital world are undergoing a profound transformation. SY Holdings will continue to leverage technology to connect industries and ecosystems, working together with SMEs to reshape global supply chains.

Hashtag: #SYHoldings

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Stats NZ information release: Electronic card transactions: July 2025

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