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‘From Europe to the Indo-Pacific: New Zealand Perspectives on Shared Challenges’

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Source: New Zealand Government

[Speech to the Swedish Institute for International Affairs, 4.00pm, 28 October 2025]

State Secretary Hartelius, former Minister Tobias Billstrom, Ambassadors, members of Parliament, and other distinguished guests,

Tack och Välkomna

For many of you living here in the Nordic countries it must seem like New Zealand is a country at the very end of the earth. Having made the flight here via Iceland and Norway, we can confirm that you’re absolutely right…

While we are very far away from the Nordic nations, just north of where the Emperor penguins live, we share many similar values and experiences, and our people- to-people exchanges have more history behind them than many might think.

Our links with the Nordic region can be traced back to 1769. There were two Nordics on Captain Cook’s ship, ‘The Endeavour’ – Daniel Solander a noted botanist from Pitea, Sweden and Hermann Sporring, his assistant from Turku in what is now Finland. That’s 256 years – as long as our connection with the United Kingdom. 

Solander was the first to catalogue many unique New Zealand species, New Zealand’s iconic silver fern among them. Visitors can see this at Te Papa, our national museum in Wellington.

Both Solander and Sporring have places in New Zealand named after them. Towns like Norsewood and Dannevirke also speak to the strong connections with settlers from this part of the world. 

Nordic whalers visited our shores in the early 19th century. Later that century, in the 1870s, a large cohort of Scandinavians immigrated to New Zealand, including Norwegians, alongside Danes and Swedes,

One of them, former Danish Prime Minister Ditlev Monrad, also emigrated to New Zealand, helped facilitate further Nordic immigration, and donated his art collection to the people of New Zealand, where they still sit as part of our national art collection. 

New Zealand continues to be a popular destination for young Nordics, and we were pleased to add Iceland last week to a working holiday visa scheme that can only benefit our understanding and appreciation of each other.   

This is our third visit to Stockholm since we reopened our embassy in 2019, and the second time we’ve been able to visit each of the Nordic capitals, part of our strong commitment to strengthen the ties between us.

In the Office of the Minister of Foreign Affairs we have taken this even further, with not one, but two of our staff who proudly celebrate their Nordic origins. 

My Senior Private Secretary, Helen Lahtinen, is Swedish born of Finnish parents and my Senior Foreign Policy Advisor, Jon Johansson’s father, Danish born, was part of the post-World War Two Nordic diaspora who chose to forge a new life in New Zealand.

It would be fair to say, therefore, that my office embodies Nordic-New Zealand relations about as well as is possible, certainly in terms of their, shall we say, typically refreshing Nordic directness and clarity of thought.

A personal, long-held theory about that clarity is that people in cold countries have to make clear-sighted judgements because if they don’t, they die. 

We are here today to talk about the strength of the partnerships between New Zealand and the Nordic countries and the shared challenges we face together in our more contested, complex, and troubled world. 

We will celebrate those partnerships tomorrow with the first ever meeting among the foreign ministers of the five Nordic countries and New Zealand. We will use that meeting to talk about existing collaborations, how we can build further upon them in the years ahead, and we will traverse the many shared challenges we face.

We are grateful to our Nordic friends for agreeing to this discussion and look forward to it. Coming into this meeting, we have long-standing relationships and strong shared values. Those values are enduring:

  • Equality, tolerance and a commitment to fairness;
  • Democracy – New Zealand is one of only nine countries with an uninterrupted sequence of elections since 1854;
  • Freedom from fear, and from want;
  • And human rights, as set out in the 1948 Universal Declaration.  

The Nordic countries are among New Zealand’s most natural partners on the global stage. More than that, as we said back in 2019, our partnership should and will be grounded in our shared values and worldview. There is no limit to what we might achieve – together.

That was true then. It is even more important now. 

The Nordics and New Zealand have a lot in common. We are all relatively small countries in population terms, though we have significant land-based and maritime interests as well.  Our land-based industries make a significant economic contribution and our exclusive economic zones cover over 10 million square kilometres.

We all possess stable democracies, committed to the rule of law, with low levels of corruption, and a strong record of delivering social welfare support to those in need. We robustly support free speech, and we have strong education systems. 

We all have export-oriented economies with well-deserved reputations for innovation. Tourism is a significant contributor to all of our economies. Renewable energy is strong in our respective energy mixes.  Our leading companies are investing in making the green transition and, for New Zealand in particular, equipment produced by Nordic companies is helping us make that change in areas like wind energy, trucks and other manufactured equipment that requires power. 

And all have national parks and work to protect our pristine environments and biodiversity. Forests play a significant role for many of us as carbon sinks and as a sustainable economic resource.

We may not have large populations, but we are all active on the global stage.

The Nordic countries are NATO members. New Zealand is a NATO partner country and one of the Indo-Pacific Four that NATO now consults regularly. This helps us to raise the profile of shared strategic challenges in the Euro-Atlantic and Indo-Pacific, and to drive enhanced cooperation in priority areas, including cyber, artificial intelligence, and defence capability.

Denmark, Finland and Sweden are EU members. Iceland and Norway belong to the European Economic Area and the Schengen Zone among other connections to the EU. 

New Zealand is a close partner of the EU, with the Free Trade Agreement that entered into force in May 2024; the Partnership Agreement on Relations and Cooperation which addresses non-trade links; as the first non-European country to join the Horizon Europe initiative – the world’s largest science investment funding arrangement; and through many other points of contact. 

New Zealand has worked with Iceland and Norway on trade processes.  As members of the Schengen zone, we work with them and their EU friends on people access to Europe.

The Nordics and New Zealand have also collaborated closely in different ways on issues like disarmament, human rights, Antarctic issues, and international fisheries policy.

But the reality is that the Nordics and New Zealand face unprecedented challenges. There are important shifts going on in geopolitics globally. 

As New Zealand’s Foreign Minister for a third time, spanning the past three decades, it has never been more apparent just how much diplomacy and the tools of statecraft matter in our troubled world. 

Tectonic shifts unfolding in the global distribution of power, economic might, and strategic influence have upended old assumptions, while the rules-based order is under severe and sustained assault. Although the Nordic countries and New Zealand are literally a world apart, we face these challenges together.

Twenty-five years ago, we all enjoyed a world that was becoming more open, more democratic, and more free. Trade liberalisation was gathering pace. Effective multilateralism helped underpin a liberal-oriented international rules-based system.

Today, New Zealand sees three big shifts underpinning the multi-faceted and complex challenges facing us. They are:

From rules to power, a shift towards a multipolar world that is characterized by more contested rules and where the relative power between states assumes a greater role in shaping international affairs.

From economics to security, a shift in which economic relationships are reassessed in light of increased military competition in a more securitized and less stable world.

And from efficiency to resilience, where we see a shift in the drivers of economic behaviour, and where building greater resilience and addressing pressing social and sustainability issues become more prominent.

These shifts present challenges for trade-dependent countries like those in the Nordic region and New Zealand. 

There is, however, also far greater understanding about how our regions are inter-connected. What happens in Mariupol reverberates in Manila. Decisions made in the South China Sea ripple into the Baltic. Supply chains, digitalisation, climate shifts and security risks do not stop at borders. They surge across them.

Russia has upended the post-World War Two security order with its illegal war in Ukraine. Europe once again faces the brutality of naked aggression. This war seeks to destroy the rules-based order that has preserved relative peace for generations and it cannot be allowed to prevail. 

Our Nordic friends have responded swiftly and generously. New Zealand, despite our distance from the conflict, is a staunch supporter of Ukraine, through significant funding, political support and a strong sanctions regime, now into its 33rd round, that impacts Russia and its allies.

Despite our distance from the world’s conflict zones, New Zealand has always played an active role in peacekeeping efforts and during regional or global conflicts. That is our history, ever since 1864 you will find New Zealand soldiers fighting in other people’s wars.

We do so to defend the values we hold dear, and because we believe in collective action to secure peace whenever and wherever it is threatened.

Now, our region, the Indo-Pacific, is under the most sustained pressure it has faced in the past 80 years. The Pacific, which comprises close to a third of the world’s surface, is ever more contested. The Pacific has in this sense just got larger. 

Island nations are seeing their ocean of peace under threat in ways they are mostly powerless to stop. So, we believe those countries like the Nordics, countries who share our values need to be more engaged in our region in support of our neighbouring Pacific family of nations. They need your help. 

We appreciate all that our Nordic friends do in the Pacific, from stepping up their diplomatic focus on our region to targeted development support. We value your contributions and New Zealand is ready to partner with you to amplify your impact and help deliver what the Pacific needs.

We understand the Pacific. We are of it, through DNA links and shared history and cultural connections, and stand ready to help the Nordic countries understand some of the complexities, nuances, and challenges facing the small island states of Micronesia, Melanesia, and Polynesia,   

New Zealand is proud to work with our Nordic friends and partners as we seek to navigate the treacherous conditions that we face.  You bring to the table not only strategic wisdom but a healthy realism, while remaining firm in support of essential values like standing up for human dignity, for democracy, and for a sustainable and more resilient future. 

Looking to that future, we think we must focus our work together across three fronts.

First, uphold international law and the rule-based order.  We cannot allow aggression to be rewarded.  Whether in Europe or Asia, sovereignty must be inviolate, so there must be costs to those who do not respect that.

The UN Charter must be nurtured and sustained. From human rights to trade policy, from disarmament to development, the Nordic countries and New Zealand have worked together, collaboratively and well in multilateral fora.

But the reality is that the United Nations is not meeting the needs of its members, leaving it vulnerable to outright repudiation by some, and ambivalence by others. The time for necessary and meaningful reform is long overdue. Critically, the UN80 process must transform, not merely reform the organisation.

We must, as predominantly small states, work together to ensure inertia is replaced with an urgency that the times demand. We need to make the UN’s institutions more responsive, efficient and effective.

The Nordics and New Zealand have also been leaders on polar issues.  From the environment and biodiversity and dealing with fast-growing geopolitical challenges, we are important voices. And we can share more of our respective experiences in the lead up to the next International Polar Year in 2032/33. 

Second, deliver resilience for our people.  From critical minerals to cyber security, from sea lanes to satellites, we must strengthen the systems that underpin our economies and societies.  Resilience is the antidote to coercion.

Nordic interests like Ericsson and Nokia play an important role in our telecommunications sector. Maersk carries a whopping 40 percent of all shipping to and from New Zealand. 

So, we have responsibilities beyond our national borders in this respect.  New Zealand’s Pacific region is overwhelmingly comprised of small states.  Climate change is an existential issue for some of them, so boosting their resilience is essential. The oceans are critical for their economic well-being. They need support to build that resilience and to manage the problems they face. We welcome more collaboration with our Nordic friends to help achieve that. 

Third, invest in connectivity and innovation.  The strength of our future partnership will not only be measured in trade statistics, but in how well we connect our people, our ideas and our technologies. 

Thousands of our young people and academics have studied in each other’s countries. Nordic-New Zealand collaboration is also a key feature of our Horizon Europe engagement with some 72 active collaborations across 12 approved projects so far.

New Zealand and Iceland are at the cutting edge in developing supercritical geothermal energy resources involving wells going one to three kilometres into the Earth’s crust. 

New Zealand is now also a world leader in space, ranking third in rocket launches globally, and with a fast-growing domestic space sector built around this. Space is of interest to our Nordic partners also.

Whether through digital infrastructure, research collaboration or stronger educational and cultural links, we can build a strengthening fabric that sustains prosperity for future generations.

We smaller nations understand that our strength lies in cooperation. Small states matter and we hold the foundational belief that all states are equal. We expect to treat others as we are treated, with understanding and respect. 

In closing, New Zealand’s ambition is to deepen our partnerships with the Nordic region – not only in response to today’s crises, but to deepen the foundations for tomorrow’s cooperation.  

Together, our relations with you demonstrate that distance is no barrier to friendship, that small and medium nations can have influence through the power of collective action, and that principled values-based partnerships can help shape the global order in positive, practical ways. 

History teaches us that distance offers no refuge from disruption.  But it also teaches us that solidarity, across continents and oceans, and amongst peoples, can forge peace and progress against the odds.

So let’s be bold. Let’s be restless in defence of a rules-based order, relentless in bolstering resilience, and resolute in our commitments to deepen our connections with one another. 

From Stockholm to Wellington, from the Baltic to Pacific, let us send this message: that while geography may divide us, our values unite us – and in that unity lies our greatest strength. 

Thank you.

MIL OSI

Cyberport Venture Capital Forum 2025: The Innovation-Venture Nexus, Igniting Transformative Success

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Source: Media Outreach

Two-Day Event to be Held on 6-7 November Bringing Together Global Investors and Entrepreneurs to Explore New Frontiers in AI, Digital Assets, and Hong Kong’s Role as an International Innovation and Technology Hub

HONG KONG SAR – Media OutReach Newswire – 28 October 2025 – As the global venture capital market evolves amid economic shifts, investment flows are increasingly concentrated, particularly in artificial intelligence (AI), which continues to drive significant momentum. The annual flagship event, Cyberport Venture Capital Forum (CVCF), will take place on 6-7 November 2025 at Cyberport. Themed “The Innovation-Venture Nexus: Igniting Transformative Success”, this year’s CVCF will unite influential global investors and entrepreneurs to explore the transformative impact of AI on the global venture capital landscape and Hong Kong’s unique strengths in blockchain and digital assets. The forum aims to empower start-ups and investors to break through financing and market expansion barriers, seizing new market opportunities.

The annual flagship event, Cyberport Venture Capital Forum (CVCF) 2025, will take place on 6-7 November 2025 at Cyberport. Themed “The Innovation-Venture Nexus: Igniting Transformative Success”, this year’s CVCF will unite influential global investors and entrepreneurs to explore the transformative impact of AI on the global venture capital landscape and Hong Kong’s unique strengths in blockchain and digital assets. The forum aims to empower start-ups and investors to break through financing and market expansion barriers, seizing new market opportunities.

Dr Rocky Cheng, CEO of Cyberport (second left), Hendrick Sin, Chairman of Cyberport Investors Network (CIN) Steering Group; Co-Founder of CMGE Technology Group Limited; Chairman of China Prosperity Capital (second right), Eric Chan, Chief Public Mission Officer of Cyberport (first left) and Fred Ngan, Co-Founder of Bowtie Life Insurance, Cyberport Incubation Programme Alumnus, and a leading virtual insurer in Hong Kong (first right) attended the media briefing.

Dr Rocky Cheng, CEO of Cyberport, said, “Cyberport actively serves as a ‘super-connector’ and ‘super value-adder’, enhancing the fundraising capabilities of start-ups and connecting them with domestic and international capital and markets. To date, Cyberport start-ups have collectively raised HK$46 billion, with nine new listed companies and two unicorns joining our community this year, underscoring the growing fundraising strength of Cyberport’s enterprises. The venture capital market is increasingly focused on cutting-edge technologies such as AI, blockchain, and digital assets, with AI-driven innovation leading global capital flow. This year’s CVCF aligns with these trends, providing a vital platform to connect high-potential AI, blockchain, and digital assets companies in Cyberport with this substantial capital flow, helping start-ups transcend boundaries, secure financing, and ignite their path to success, while enabling investors to identify and match with high-potential start-ups for superior returns.”

Cyberport Community Raised HK$46 Billion in funding, with AI and Web3.0 as Market Focus

Despite a challenging venture capital environment, Cyberport’s start-ups have demonstrated robust fundraising performance over the past year. From October 2024 to September 2025, Cyberport companies raised nearly HK$3.4 billion in total, bringing the cumulative total to HK$46 billion. During the year, nine Cyberport companies successfully listed, including Yunji Technology and Xunfei Healthcare, which achieved listing within six months after landing at Cyberport, alongside Cyberport incubatees Diginex and Real Messenger. Additionally, Cyberport welcomed two unicorns, Qiangnao Technology, valued at US$1.3 billion, and Inspur Cloud, valued at US$2.5 billion, injecting powerful momentum into the I&T ecosystem. Recent high-value fundraising rounds include Bowtie, DigiFT, Klook, KPay, KUN, Hashkey Group, LeapXpert, Animoca Brands, and more, many of which leverage AI, blockchain, and digital assets, reflecting the market’s focus on AI and Web3.0, underscoring Cyberport’s success in fostering the development of these industries.

Hendrick Sin, Chairman of Cyberport Investors Network (CIN) Steering Group; Co-Founder of CMGE Technology Group Limited; Chairman of China Prosperity Capital, said, “The global market presents both challenges and opportunities, with AI continuing to dominate high value transactions. Building on last year’s establishment of the ‘Web3.0 Investment Circle’, which successfully gathered over 40 investors focused on blockchain and digital assets, we have now launched the ‘AI Investment Circle’ to connect AI companies showing strong fundraising potentials. Through various financing channels, Cyberport continues to link global investors with start-ups. Cyberport Investors Network (CIN) has facilitated nearly HK$4.26 billion in investments, while Cyberport Macro Fund (CMF), alongside co-investments, has contributed close to HK$1.99 billion, reflecting strong investor confidence in Cyberport companies. The CVCF further connects international investors, industry leaders and start-ups, fostering deep collaboration across government, industry, academia, research, investment, and users, while gathering innovative pioneers and ideas from home and abroad to propel Hong Kong’s development as an international I&T hub.”

As Hong Kong’s digital tech hub, AI accelerator and key incubator, Cyberport leverages the Cyberport Investors Network (CIN) to attract influential investment units from around the world to connect with high-potential Cyberport enterprises to accelerate their development. Since its inception in 2017, the total investments facilitated by CIN have reached over HK$4.258 billion, a year-on-year increase of over HK$1.66 billion, representing a threefold growth. CIN has facilitated a cumulative total of 109 projects, up by 13 from last year. CIN’s investment units have also grown by over 20, now exceeding 220, with 15% from the Greater Bay Area and 14% from the Asia-Pacific region, successfully aggregating global venture capital. Following the success of the establishment of “Web3.0 Investment Circle” last year, which successfully brought together more than 40 investors, Cyberport has launched the “AI Investment Circle” this year to match investors with high-potential and high-growth AI start-ups, further strengthening the AI ecosystem.

Another key financing channel, Cyberport Macro Fund (CMF), continues to invest in high-potential start-ups while enhancing their fundraising capabilities. As of October 2025, CMF has invested in 29 start-up projects, with the total investment, including co-investments, exceeding HK$1.989 billion, with a co-investment ratio of 1:9.3 — meaning every HK$1 invested by Cyberport attracts an additional HK$9.3 in co-investment. This demonstrates Cyberport’s sustained ability to attract capital in a challenging environment.

Driving Innovation Financing and Supporting Enterprise Growth

Cyberport companies have recently achieved remarkable success in the venture capital market. Among them, virtual insurer Bowtie Life Insurance and DigiFT, a licensed Hong Kong digital asset firm headquartered in Singapore, have successfully secured financing exceeding US$10 million and attracted significant market attention. Bowtie successfully completed its Series C funding round of a US$70 million in July 2025, which was led by Sun Life Hong Kong Limited. Meanwhile, DigiFT, which earlier received approval from Hong Kong’s Securities and Futures Commission (SFC) for Type 1 and Type 4 licenses, supporting its regulated activities in the tokenised securities space.

Fred Ngan, Co-Founder of Bowtie Life Insurance, Cyberport Incubation Programme Alumnus, and a leading virtual insurer in Hong Kong, shared their success story and said, “Cyberport’s role as an international springboard helps start-ups accelerate their business growth. The CIN platform has connected us with local large enterprises, government bodies, global investors, leading tech corporations, and international professional services providers, improving our capital strength base. Bowtie successfully completed a US$70 million Series C funding round in mid-2025, marking it the largest funding round for digital health insurers in Asia with a direct-to-consumer model. This not only reflects our confidence and that of our investors in Hong Kong’s healthtech and virtual insurance market, but also demonstrates that, in Hong Kong as an international financial centre, start-ups with strong technological capabilities and clear profitability models can attract diverse capital and become the next success story.”

Kevin Loo, CEO of DigiFT Hong Kong, Cyberport Incubatee DigiFT, a licensed digital asset firm headquartered in Singapore and received approval from the regulatory authorities in Singapore and Hong Kong, said, “Cyberport serves as a ‘super-connector’ and ‘super value-adder,’ actively driving the adoption of cutting-edge technologies and supporting high-potential start-ups in expanding into local and international markets. We are thrilled to be selected for the ‘Blockchain & Digital Asset Pilot Subsidy Scheme’ and to collaborate with UBS and Chainlink on the ‘open architecture for RWA processes automation’ pilot project in Hong Kong. Having recently obtained SFC Type 1 and 4 licences in Hong Kong, DigiFT is among the few financial institutions leveraging smart contract-driven on-chain infrastructure with such regulatory approval, underscoring the growing maturity of Hong Kong’s digital asset market and RWA tokenisation. As a Cyberport incubatee, we are encouraged by the support from Cyberport and the HKSAR Government for the development of digital assets and blockchain technology, as well as the tangible assistance provided in expanding into global markets, fostering collaboration and promoting innovative RWA applications.”

Connecting Investors and Start-ups, Showcasing Cutting-Edge Innovations

Cyberport Venture Capital Forum 2025 will feature an opening remarks by Professor Sun Dong, Secretary for Innovation, Technology and Industry, and bring together venture capital leaders, including representatives from Longling Capital, Cyber Creation Ventures, Hongshan CBC Cross-border Digital Fund, Cathay Innovation, Rasmal Ventures, Granite-Integral, Sinovation Ventures, Eminence Ventures, Gobi Partners, and more, to discuss the latest technology and market focus:

  • AI and Web3.0 Nexus: Exploring practical applications and investment prospects of AI, blockchain, and digital assets, with sessions focusing on AI’s role in reshaping industries, digital assets in financial systems, and the decentralised innovations driven by Web3.0.
  • Regional Market Focus: Analysing growth potential, unique innovations and investment advantages in key markets through dedicated panel discussions.
  • Web3.0 and Digital Assets: Highlighting Hong Kong’s development as a digital asset hub, covering virtual asset regulatory frameworks, Real-World Assets (RWA) tokenisation, and the commercialisation of Decentralised Finance (DeFi) and Web3.0 gaming.

CVCF 2025 will continue to feature the popular “Investor Matching” session, offering face-to-face and online interactions to pair investors with start-ups based on their technological focus and investment preferences, enhancing collaboration efficiency. Additional highlights include innovator showcase, start-up clinic & workshop, providing attendees with practical insights and strategic advice.

The Web3.0 Innovation Expo, a key highlight of the forum, aims to strengthening Hong Kong’s position as an international digital asset hub. The expo will bring together global Web3.0 leaders, regulators, and traditional financial giants, and showcasing cases from Cyberport’s “Blockchain & Digital Asset Pilot Subsidy Scheme”, which accelerates the practical applications in tokenised assets, payments, Regulatory Technology (RegTech), and the creator economy.

As Cyberport’s flagship venture capital event, CVCF connects investors and entrepreneurs in the global digital technology. In 2024, the hybrid event attracted over 2,600 participants, achieved more than 150,000 views and facilitated more than 350 deal flows, fostering partnerships and investment opportunities. For more details, please visit the website: http://cvcf.cyberport.hk/.

Hashtag: #CyberportVentureCapitalForum

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

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

Consortium and ANE (Cayman) Inc. Jointly Announce Scheme of Arrangement to Delist Company

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Source: Media Outreach

  • The Cash Alternative of HK$12.18 per share represents an attractive premium of 48.54% over the closing price of HK$8.20 per share on 3 September, 2025, being the Undisturbed Date, a 50.18% premium over the undisturbed 60-trading day average closing price, a 48.18% premium over the undisturbed 90-trading day average closing price, and a price level that ANE’s shares have never achieved since mid-November 2021.
  • The Offeror Concert Parties collectively hold 35.74% of the total issued shares (excluding treasury shares) in the Company, making the possibility of a competing proposal remote
  • The Proposal presents shareholders with certainty to monetize their investment in the Company amid the limited liquidity of the shares, and avoid ongoing market risks and uncertainties
  • The proposed transaction provides greater flexibility and efficiency to the Company in making longer-term business decisions while allowing for greater focus on its core business, as it navigates macroeconomic headwinds and intensifying competition in the LTL freight industry

HONG KONG SAR – Media OutReach Newswire – 28 October 2025 – A consortium comprising Centurium Capital, Temasek, and True Light (the “Consortium”), and ANE (Cayman) Inc. (“ANE” or the “Company”, HKEX: 9956), China’s leading less-than-truckload (LTL) express freight operator, today jointly announced the proposal to delist the Company from the Hong Kong Stock Exchange by way of a scheme of arrangement (the “Proposal”).

The Consortium received the Irrevocable Undertakings (“IU”) from the Company’s CEO Mr. Qin Xinghua and COO Mr. Jin Yun in support of the Proposal. The Offeror Concert Parties hold in aggregate 35.74% of the Company’s total issued shares (excluding treasury shares).

The proposal sets out a Cash Alternative of HK$12.18 per share, valuing the Company at approximately US$1.84 billion (or HK$14.3 billion) on an equity value basis[1], a level the Company has not reached since mid-November 2021. The Cash Alternative represents an attractive premium of 48.54% over the closing price of HK$8.20 per Share on 3 September, 2025, being the Undisturbed Date, which was the last trading day prior to when there were irregular trading volumes and price movements in the Shares. The cancellation consideration will not be increased, and the Offeror does not reserve the right to do so.

The Proposal provides an attractive opportunity for shareholders to monetize their investment in the Company at a price with a compelling premium, amid limited liquidity in the shares, and ongoing market risks and uncertainties.

The Cash Alternative of HK$12.18 per share represents:

  • a premium of approximately 48.54% over the Undisturbed Price of HK$8.20 per Share;
  • a premium of approximately 50.18% over the undisturbed 60-day average closing price of approximately HK$8.11 per Share;
  • a premium of approximately 48.18% over the undisturbed 90-day average closing price of approximately HK$8.22 per Share;
  • a premium of approximately 28.21% and 82.88% over the undisturbed 52-week high and 52-week low closing price; and
  • a premium of approximately 98.69% over the undisturbed 3-year average closing price of HK$6.13 per Share.

Since its IPO in 2021, the Company has faced macroeconomic and industry challenges, including the global pandemic, economic headwinds, and increased market competition. Despite successfully adapting its operating strategies to achieve industry-leading profitability, the share price has remained under pressure due to an unfavourable external environment and low trading liquidity, making it a challenge for shareholders to divest a substantial amount of the shares without a significant discount through on-market transactions.

The Proposal presents shareholders with a unique opportunity to realize their investments at an appealing premium and with certainty and redirect the proceeds toward other investment options.

It is unlikely that shareholders will receive an alternative offer to realize value in their investments in the Company.

The Offeror Concert Parties collectively hold approximately 35.74% of the issued shares. As any third party attempting to make an alternative offer would need the Offeror Concert Parties’ consent to dispose of their stake in the Company, the possibility of a competing proposal is remote.

The Proposal provides greater flexibility and efficiency for the Company in making longer-term business decisions.

The Company is facing great challenges and uncertainties in future operations due to continued macroeconomic headwinds and intensifying competition in the LTL freight industry. In order to maintain competitiveness in the market, the Company needs to implement strategic initiatives which may affect short-term financial performance. After the completion of the Proposal, the Company will be free from the pressures of the short-term capital market’s expectations, share price fluctuations and disclosure obligations as a privately-operated business, thus better positioned to pursue strategic priorities with greater flexibility and efficiency.

In addition, there are limited benefits in maintaining the Company’s listing status, and delisting allows for greater focus on the core business.

As the price of the Shares has been under pressure since 2021 with sluggish trading volume for most of the time, the ability of the Company to raise funds through the equity market is significantly limited. However, the Company has to incur administrative, compliance and other listing related costs and expenses for maintaining the listing status, and management must devote substantial time and effort to fulfilling ongoing listing obligations. In light of the aforesaid, considering associated costs and resources required, there are limited benefits for the Company to maintain its listed status. The delisting will enable immediate cost savings and a re-allocation of the Company’s resources toward its core business operations. This would enhance operational efficiency and better support the Company’s long-term development.

Intention to retain employees and implement long-term growth strategies

Upon completion of the Proposal, the Offeror plans to maintain ANE’s existing businesses, enhance synergies across its operations, pursue new strategic and developmental opportunities, and execute long-term growth strategies. The Offeror will also retain the Company’s current employees following the completion of the Proposal, except for changes that may arise in the normal course of business.

Terms and timing of the Proposal

If the Proposal becomes effective, shareholders may elect either: (i) the Cash Alternative, cash of HK$12.18 per Share, or (ii) the Share Alternative; or (iii) a mix of cash and shares in a proportion of their choosing.

The Proposal is subject to satisfaction of the Pre-Conditions by the Pre-Conditions Long Stop Date (being 28 February, 2026) and the Conditions by the Conditions Long Stop Date (being 30 June, 2026).

The Board of the Company (the “Board”) has established an Independent Board Committee (the “IBC”), comprising non-executive Directors and Independent non-executive Directors to evaluate the Proposal and make a recommendation to minority shareholders as to whether it is fair and reasonable and as to voting.

The Board, with the approval of the IBC, has appointed Anglo Chinese Corporate Finance, Limited as the Independent Financial Adviser (the “IFA”) to advise the IBC for the purposes of making a recommendation to shareholders in connection with the Proposal.

The IBC’s recommendation will be included in a composite scheme document to be jointly published by Offeror and the Company.

J.P. Morgan Securities (Asia Pacific) Limited is acting as the financial adviser to the Offeror. Kirkland & Ellis is acting as legal counsel to the Consortium in connection with the Proposal.

Additional information about the Proposal can be found in the 3.5 Announcement published on the website of the Hong Kong Stock Exchange.

Disclaimer

Statements in this communication relating to plans, strategies, specific activities, and other statements that are not descriptions of historical facts are forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to numerous factors. Forward looking statements are based on the current beliefs and management’s expectations and are subject to significant risks and uncertainties outside of the control of the Company or the Offeror. Given these uncertainties, you should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as otherwise required by law, the Company or the Offeror does not undertake any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise.


[1] Based on the Cash Alternative of HK$12.18 per share, 1,176,131,054 shares outstanding, and USD/HKD of 7.77

Hashtag: #ANE

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

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

Lens Technology: 2025 Q1–Q3 Performance Highlights – Innovation-Led Resilient Growth

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HONG KONG SAR – Media OutReach Newswire – 28 October 2025 – Lens Technology, a global leader in full-value-chain precision manufacturing for intelligent terminals, reported strong results for the first nine months of 2025. Revenue reached RMB 53.663 billion, a 16.08% year-on-year increase and a new record high for the period. Net profit attributable to shareholders rose 19.91% to RMB 2.843 billion. The asset-liability ratio improved to 35.47%, underscoring ongoing financial discipline. Growth was fueled by the sustained recovery in consumer electronics and strategic expansion into AI hardware and intelligent robotics. Despite a high comparison base from the prior year and delayed new-product launches, accelerated fourth-quarter momentum from rush orders positions the company to exceed full-year targets with confidence.

Consumer Electronics: Sustained Leadership in a Recovering Market
The global smartphone market sustained its recovery in 2025. IDC reports Q3 shipments of 322.7 million units (+2.6% YoY), fueled by premium-segment innovation and the strong value proposition of AI-enabled smartphones. As a Tier-1 supplier of exterior and structural components to flagship clients, Lens Technology captured above-expectation demand following a key client’s late-Q3 product release. This translated into expanded market share, additional orders, and premium pricing supported by proprietary technologies such as ultra-hard coatings and 3D glass cover plates.

In foldable devices, Lens Technology maintains first-mover advantage through R&D in UTG (ultra-thin glass) and VTG (vacuum-coated glass), backed by proven rapid mass-production of structural modules. TrendForce forecasts 19.8 million global foldable shipments in 2025 (~1.6% penetration), positioning this segment as a key growth driver.

AI Hardware: Pioneering Edge-Side Solutions
Long-standing partnerships with premier global AI platforms have solidified Lens Technology’s role as a foundational co-developer, supplying critical modules and precision manufacturing for next-generation edge AI devices.

  • Smart Glasses: WellsennXR projects 12.26 million units of VR/AR/AI eyewear shipped globally in 2025. Strategic alliances with North American leaders and domestic innovators (e.g., Rokid) secure supply of precision structures, optics, acoustics, and assemblies for best-selling models. Ongoing expansion into flexible PCB SMT, wireless charging, case assembly, and full-unit integration is expected to deliver substantial revenue uplift.
  • Optical Leadership: Within two years, Lens targets primary supplier status for key clients and global leadership in optical waveguides, mastering nanoimprint, etching, and silicon-carbide processes. The newly formed Lens Optoelectronics Technology (Changsha) Co., Ltd. integrates in-house waveguide lenses, functional modules, and ultralight materials to power next-generation AI eyewear.

Intelligent Robotics: Vertical Integration Enabling Scalable Capacity
Lens Technology has established a fully integrated robotics platform spanning advanced materials (liquid metal), six-axis force sensors, core modules (head, joint, dexterous hand), software, scenario deployment, and full-machine assembly.

  • Infrastructure: The Lens Intelligent Robotics Headquarters opens November 18, scaling integrated production of materials, structures, modules, and complete systems. The simultaneously launched Hunan Embodied Intelligence Innovation Center will leverage millions of real-world datasets to accelerate iteration in partnership with global robotics leaders across industrial, commercial, and consumer applications.
  • Client Progress: Volume shipments of head/joint modules and dexterous hands to North American humanoid programs are underway, with body-structure co-development fully aligned for production qualification and bidding. Domestic partners (AgiBot, Lingbao) receive joint modules, dexterous hands, torso shells, and full-assembly services. Full-year shipments are forecast to exceed 3,000 humanoid units and 10,000 quadruped units, placing Lens among industry frontrunners. Embodied intelligence revenue is poised for exponential growth, reinforcing the company’s position as a cornerstone hardware platform.

AI Servers: Capitalizing on Surging Compute Demand
Through close collaboration with North American AI infrastructure leaders, Lens Technology has advanced from chassis components (rails, trays) to high-margin liquid-cooling modules and SSD assembly.

  • Milestones: Chassis components are in volume production; SSD assembly nears final validation, with scaled output planned for 2026. Parallel engagement with leading domestic and international server OEMs broadens the growth pipeline.
  • Market Tailwinds: TrendForce estimates USD 298 billion in global AI server output value for 2025 (Over 70% of the total server market). Rising power density intensifies demand for advanced thermal solutions—especially liquid cooling—aligning directly with Lens’ vertical integration capabilities and enabling market share expansion.

Strategic Outlook
Leveraging its comprehensive one-stop, full-industry-chain ecosystem, Lens Technology has achieved breakthroughs across consumer electronics, edge AI, embodied robotics, and AI infrastructure. The company remains committed to innovation-led expansion, harnessing the AI megatrend to sustain profitable growth and maximize shareholder value.

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CGTN: China, ASEAN join hands to write new chapter in regional integration

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BEIJING, CHINA – Media OutReach Newswire – 28 October 2025 – CGTN published an article about Chinese Premier Li Qiang attending a series of leaders’ meetings on East Asian cooperation. Highlighting the successful partnership between China and ASEAN and the planned upgrade of the China-ASEAN Free Trade Area, the article emphasized that the China-ASEAN relationship has become the most successful and vibrant cooperation model in the Asia-Pacific and a prime example of building a community with a shared future for humanity.

As Chinese and the Association of Southeast Asian Nations (ASEAN) leaders gather in Kuala Lumpur, Malaysia, a planned upgrade of the China-ASEAN Free Trade Area comes into the spotlight. This year, the two sides will formally sign the China-ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol to advance regional economic integration and global trade.

Since its launch in 2010, CAFTA has promoted the deep integration of the China-ASEAN economic and trade cooperation, injecting strong momentum into regional economic stability and growth and bringing tangible benefits to the people.

The China-ASEAN relationship has grown into the most successful and vibrant model for cooperation in the Asia-Pacific and an exemplary effort in building a community with a shared future for humanity, Chinese President Xi Jinping once stressed.

As each other’s largest trading partners for the fifth consecutive year, China and ASEAN have achieved numerous milestones amid rising external uncertainties.

Addressing the fifth Regional Comprehensive Economic Partnership (RCEP) Leaders’ Meeting in Kuala Lumpur on Monday, Chinese Premier Li Qiang said China will continue to support ASEAN centrality and, together with all parties, safeguard the stability of the regional multilateral trading system, calling for achieving more practical outcomes in RCEP cooperation and creating a bright future of shared prosperity.

Expanded cooperation

In recent years, under the strategic guidance of leaders from both sides, China and ASEAN countries have deepened practical cooperation across various fields. Economic and trade exchanges have maintained strong momentum, with trade volume and investment cooperation continuing to expand.

Bilateral trade value has soared from less than $8 billion in 1991 to nearly one trillion dollars in 2024. In the first three quarters of this year, China’s total imports and exports with ASEAN were valued at 5.57 trillion yuan (about $785 billion), an increase of 9.6 percent year on year.

With platforms such as the China-ASEAN Expo and the China International Import Expo, specialty products from ASEAN countries, including Cambodian rice, Thai latex pillows and Lao beer, have continued to enter the Chinese market. Meanwhile, Chinese products such as new energy vehicles, machinery equipment and electronic appliances have also made their way into ASEAN countries.

Numerous infrastructure projects, such as the Jakarta-Bandung High-Speed Railway and the China-Laos Railway, are having a positive impact across the region, enhancing connectivity and reducing logistics costs.

Openness and cooperation are valuable experiences explored and accumulated through practice and should be cherished and carried forward at all times, Li said during the 28th ASEAN Plus Three Summit in Malaysia.

Deeper regional integration

Standing at a new starting point, the region is broadening collaboration on infrastructure, digital and green transition, trade facilitation and people-to-people exchanges, paving the way for deeper regional integration. Notably, emerging fields such as digital economy, artificial intelligence, electric vehicles and clean energy are adding to the mutually beneficial cooperation between China and ASEAN.

In Vietnam, Chinese-made agricultural drones are helping farmers spray pesticide, making their work easier and safer. Meanwhile, at Laem Chabang port in Thailand, China’s electric and self-driving trucks have become reliable partners for the port workers. In Indonesia, the Cirata floating solar power plant, built by a Chinese company, has boosted the country’s renewable energy supply.

According to China’s Ministry of Commerce, CAFTA 3.0 will introduce nine new chapters, covering areas such as the digital economy, the green economy and supply chain connectivity. These new chapters are expected to help China and ASEAN promote broader and deeper regional economic integration under new circumstances and facilitate the integration of their industrial and supply chains.

Li urged continued commitment to resolving differences through dialogue and consultation, upholding free trade and the multilateral trading system, opposing all forms of protectionism, and steadily advancing regional economic integration.

For more information, please click:
https://news.cgtn.com/news/2025-10-27/China-ASEAN-join-hands-to-write-new-chapter-in-regional-integration-1HOH4LtABXi/p.html

Hashtag: #CGTN

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AI Empowers Preventive Healthcare Survey Report Sharing on Hong Kong People’s Health Awareness

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Showed Growing Interest in Healthcare Technology Event Featured a 30-second AI Retinal Imaging to Screen 55 Health Risks Instantly

HONG KONG SAR – Media OutReach Newswire – 28 October 2025 – “Prevention is better than cure” is a common saying that reflects the concept of “preventive healthcare,” which advocates for citizens to proactively manage their health in daily life to reduce the future financial burden of treating illness. This year’s Policy Address stated that, to address the challenges brought by an aging population, the increasing prevalence of chronic diseases, and pressure on healthcare resources, the Government would deepen healthcare system reform, including strengthening primary healthcare. The government is also promoting the development of AI+, empowering governance and industries with AI to enhance people’s livelihood. Healthcare is a significant use case for AI, while AI health technology investments are highly favored by the market. International research indicates that preventive healthcare projects have a faster valuation growth than conventional medical care.

Cyberport, eHealth Consortium, and innovative health technology company LIVE4WELL jointly organized the “AI-driven Preventive Healthcare Launch Event” today. Group photo of guests of honors Hon. Mr. Duncan CHIU, HKSAR Legislative Council Member (Technology & Innovation) (4th right) and Ms. Joyce CHEUNG, JP, Assistant Head, Chief Executive’s Policy Unit (4th left) along with three co-organizers Ir. Eric CHAN, Chief Public Mission Officer of Cyberport (3rd right) , Dr. Charleston SIN , President, eHealth Consortium (3rd left), Ms. Miranda WONG, Co-founder, LIVE4WELL (2nd right), Mr. Leo ZHUANG, Chairman of LDC GROUP and Co-founder of LIVE4WELL (2nd left), and keynote speakers Prof. Hong Fung, JP, Professor of Practice, Jockey Club School of Public Health & Primary Care, CUHK (1st left), Dr. Gary Lau, Director of HKU Stroke, Clinical Associate Professor, Department of Medicine, HKU Med (1st right).

Today, Cyberport, eHealth Consortium, and innovative health technology company LIVE4WELL jointly organized the “AI-driven Preventive Healthcare Launch Event” and invited prominent experts to share their insights. A survey report titled “Hong Kong People’s Awareness, Behavioral Patterns, and Support Expectations for ‘Preventive Healthcare’” was also shared at the event, revealing a growing demand among the public for AI-powered, data driven and personalized technologies. The on-site AI health screening devices were also highly appealing to participants, including a 30-second AI retinal imaging, which can identify up to 55 health risk factors such as diabetes and cardiovascular diseases. Hon. Mr. Duncan CHIU, HKSAR Legislative Council Member (Technology & Innovation) and Ms. Joyce CHEUNG, JP, Assistant Head, Chief Executive’s Policy Unit were invited as the guests of honor and officiated the launch ceremony with three co-organizers.

Ir. Eric CHAN, Chief Public Mission Officer of Cyberport, stated, “With the growing challenges of an ageing population and the rise of chronic illnesses, the idea of ‘preventive care’ not only addresses societal shifts but also sets a key course for advancing health management. Artificial intelligence is transforming how we approach healthcare, using data-driven insights and personalized solutions to empower people to proactively manage their well-being in daily life. This also aligns with the paradigm shift of Hong Kong’s Public Primary Healthcare policy from Treatment to Prevention and the establishment of District Health Centers, reinforcing the importance of early intervention and community-based support. As Hong Kong’s digital tech hub and AI accelerator, Cyberport is committed to driving AI applications in healthcare and fostering cross-sector collaboration. Today’s event showcases AI’s transformative impact on health and marks a significant step toward a smarter, healthier future for Hong Kong.”

Dr. Charleston SIN, President, eHealth Consortium, said, “The Hong Kong Government has expressed its hope to develop Hong Kong into a health and medical innovation hub. With the rapid technological advancement in innovative therapies and electronic health records, now is the optimal time for integrating medical expertise with technology. The concept of self-health management is becoming increasingly prevalent, with more citizens showing greater interest in managing and utilizing their own health data. The eHealth Consortium is pleased to see the Government and industry actively driving innovation to empower proactive self-health management and advance a healthier community. We firmly believe that the integration of AI and medical technology will be a key trend for future development.”

Ms. Miranda WONG, Co-founder, LIVE4WELL, introduced their AI wellness concept today, “LIVE4WELL empowers the public to practice the concept of ‘preventive healthcare’, marking a milestone of ‘Wellness 3.0’. We firmly believe that prevention is better than cure, and that preventive healthcare is an irreversible future trend. Therefore, we have transcended traditional passive medical models by integrating AI technologies with health management, transforming vast health data into personalized solutions. This helps citizens take greater ownership of their health and enables an early identification of health risks. Through building an AI wellness ecosystem, we hope to truly integrate preventive healthcare into daily life, contributing to a healthier city.”

Deloitte Survey: Over 70% of respondents believe technology will play a greater role in health

At the same event, Deloitte released the survey report titled “Hong Kong People’s Awareness, Behavioral Patterns, and Support Expectations for ‘Preventive Healthcare’”. In this October, Deloitte conducted a survey with a sample of 1,004 Hong Kong residents. The survey found that 77% believed that technology will play a greater role in wellness in the future.

The survey data indicated the strong confidence in wellness technology. When asked about their interest in specific products, the top three were personalized nutrition plans (42%), AI fitness coaching (41%), and mental health technology (37%). These findings reflected respondents’ general anticipation toward personalized health management platforms and AI technology applications, demonstrating the growing demand for AI-driven health management.

Speaking on AI-driven preventive healthcare, Prof. Hong FUNG, JP, Professor of Practice, Jockey Club School of Public Health & Primary Care, CUHK, discussed AI’s potential significant contributions to the healthcare system. Currently, there are over 1,200 medical devices embedded with AI software have been cleared by FDA and AI based clinical decision support tools are widely available. He noted that AI could support personalized risk assessment and early disease detection, as well as help citizens to continuously monitor their health, thereby enhancing the management of chronic diseases and even providing support for mental health.

Dr. Gary LAU, Director of HKU Stroke, Clinical Associate Professor, Department of Medicine, HKU Med, focused on the theme of stroke prevention and rehabilitation in the era of AI. He explained how the development of AI can transform stroke treatment from reactive to proactive, enabling patients to continuously monitor their health and develop personalized medical plans. This approach helped the public to detect health risks early and take appropriate preventive healthcare measures.

Expert panels alongside AI healthcare screening experience zone

While experts shared insights on stage, the experience zone was just as popular as the panel discussions, offering hands-on experience with AI health technology, participants could explore how Wellness AI was integrated into everyday life to support the goal of preventive healthcare. One of the highlights was the “30-second AI retinal imaging”, which instantly identified up to 55 health risk factors through retinal imaging, including early signs of diabetes and cardiovascular diseases.

Other experiences included: “Body Composition Analysis”, which precisely measured 17 body indicators including visceral fat, muscle distribution, and metabolic age. “3D postural scanning”, which completed a 360-degree full-body scanning in 1 minute, identifying 15 types of posture problems, including pelvic anteversion and “AI Fitness Test”, which used AI motion capture technology for real-time analysis to comprehensively score participants’ fitness performance. Participants were able to comprehensively experience AI-driven healthcare, practicing the concept of “self-health management.”

The event featured several AI health devices, including the highlight “AI Fitness Test”, which used AI motion capture technology for real-time analysis to comprehensively score participants’ fitness performance.

High resolution photos HERE

Photo Captions:

Photo 1: Cyberport, eHealth Consortium, and innovative health technology company LIVE4WELL jointly organized the “AI-driven Preventive Healthcare Launch Event” today. Group photo of guests of honors Hon. Mr. Duncan CHIU, HKSAR Legislative Council Member (Technology & Innovation) (4th right) and Ms. Joyce CHEUNG, JP, Assistant Head, Chief Executive’s Policy Unit (4th left) along with three co-organizers Ir. Eric CHAN, Chief Public Mission Officer of Cyberport (3rd right) , Dr. Charleston SIN , President, eHealth Consortium (3rd left), Ms. Miranda WONG, Co-founder, LIVE4WELL (2nd right), Mr. Leo ZHUANG, Chairman of LDC GROUP and Co-founder of LIVE4WELL (2nd left), and keynote speakers Prof. Hong Fung, JP, Professor of Practice, Jockey Club School of Public Health & Primary Care, CUHK (1st left), Dr. Gary Lau, Director of HKU Stroke, Clinical Associate Professor, Department of Medicine, HKU Med (1st right).

Photo 2: Ir. Eric CHAN, Chief Public Mission Officer of Cyberport, delivered a speech.

Photo 3: Dr. Charleston SIN, President, eHealth Consortium delivered a speech.

Photo 4: Ms. Miranda WONG, Co-founder, LIVE4WELL, introduced their AI wellness concept today.

Photo 5: Mr. Sunny IP, Deloitte China Consulting Partner, shared the findings of the survey report titled “Hong Kong People’s Awareness, Behavioral Patterns, and Support Expectations for ‘Preventive Healthcare’”.

Photo 6: The event featured several AI health devices, including the highlight “AI Fitness Test”, which used AI motion capture technology for real-time analysis to comprehensively score participants’ fitness performance.

Photo 7: Other experiences included “Body Composition Analysis”, “30-Second AI retinal imaging” and “3D postural scanning”, allowing participants to experience “self-health management”.

Hashtag: #LIVE4WELL #治未病 #PreventiveHealthcare #AI

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Guizhou’s Spicy and Sour Flavor as the Bridge Meets Thailand

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The culinary documentary Feast of Guizhou unlocks Thai audiences with a “Cultural Key”

Guizhou, China – Media OutReach Newswire – 28 October 2025 – When Thai Michelin two-star chef Chumpol ventured into the underground caves of Libo, Guizhou, China, and tasted steaming hotpot and unique sour meats in a natural “air-conditioned” environment at 15°C, the camera captured not only a novel experience but also a sensory connection spanning 1,300 kilometers. Recently, the culinary documentary The Feast of Guizhou (TASTEPERIMENT·GUIZHOU) has sparked a viewing craze in Thailand. Its success can be attributed to the precise use of a “cultural key” that unlocks the hearts of Thai audiences.

Spicy and Sour as the Bridge, Guizhou’s Flavor Meets Thailand! How The Feast of Guizhou Unlocks Thai Audiences with a “Cultural Key”

Precise Targeting: The “Spicy and Sour” Resonance, Revealing the Hidden Wonders of Guizhou

The documentary The Feast of Guizhou cleverly anchors its appeal in the “spicy and sour” flavor profile, which is deeply familiar to Thai audiences. In Kaili, Guizhou, the camera contrasts the Miao people’s sour soup with Thailand’s famous Tom Yum soup—both sharing a base of chili and spices, yet offering distinct flavors due to regional ingredients. This “familiar unfamiliarity” instantly bridges the psychological distance between the two cultures. The documentary also carefully selects elements that are sure to captivate Thai viewers: cliffside coffee, the picking of ancient tea trees, and the Miao people’s “High Mountain, Flowing Water” toast ceremony. Each moment serves as a “visual explosion” that refreshes Thai audiences’ perceptions.

Emotional Connection: Bridging Language Barriers, Food as a Bridge of Friendship

The documentary The Feast of Guizhou goes beyond showcasing landscapes and cuisine, focusing on the warm interactions between people. The camera captures the hearty laughter of a shopkeeper in Zhi Jin, the crisp “Sawasdee Ka” from a little girl at a night market, and the warm smiles of the Miao, Bouyei, and Dong people—conveying the simple, heartfelt hospitality shared between Guizhou and Thailand. This emotional resonance, which transcends language, becomes a key factor in touching the audience. In the final segment, Chef Chumpol creates six “Guizhou-Thailand fusion dishes” in Guiyang, further materializing this emotional connection: lemongrass as a Thai greeting, and wood ginger as a Guizhou return gesture. The kitchen becomes a living room for a cultural dialogue through food.

Social Media Buzz: Sparking the Impulse to Explore

Following the release of The Feast of Guizhou, the documentary quickly gained traction across social media platforms. Many viewers expressed being deeply moved by Guizhou’s unique natural landscapes, rich cultural heritage, and the warmth of its people—remarking that “Guizhou feels like a never-ending book of surprises!” and “I want to book a flight there right now!” This cultural ripple effect, ignited by food, vividly illustrates the power of cross-border cultural exchange. The Feast of Guizhou reveals a timeless truth: the most compelling dialogues between civilizations often begin with the palate and resonate in the heart.

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AFTEC Distils 16 Years of Arts Education Leadership into New Book, Offering a Roadmap for Hong Kong’s Creative Future

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Igniting a Creative Renaissance, New Book Evolving Creative Mindsets Provides the Roadmap to Transform Hong Kong Schools

HONG KONG SAR – Media OutReach Newswire – 28 October 2025 – AFTEC today hosted the official book launch for Evolving Creative Mindsets: Thinking Through the Arts, where leading experts from academia and policy research called for a systemic shift in education to secure Hong Kong’s future. The event, held at the Fringe Club, brought together educators, policymakers, and cultural leaders to discuss the critical role of creative learning in an era of global uncertainty.

Authored by Ms Lynn Yau, AFTEC’s Chief Executive Officer, and published by Hong Kong University Press, the book arrives at a pivotal moment. The latest OECD PISA creative thinking assessment has highlighted a global need to strengthen creative skills, and this book offers a timely roadmap for Hong Kong to address this challenge and cultivate a more innovative generation.

A Call to Action: Nurturing ‘First-Class Humans, Not Second-Class Robots’

Speaking at the launch, author Ms Yau said: “For too long, the arts have been perceived as peripheral—for entertainment or school portfolios, but not as a core driver of learning and innovation. This book is a call to action, built on 16 years of frontline work with AFTEC. It demonstrates through real-world case studies how we can bridge the gap between the arts and education. We need to move away from siloed thinking and build a true ecosystem where creative mindsets can flourish. This is not just about creating artists; it’s about nurturing what Andreas Schleicher, Director for Education and Skills at the OECD, calls ‘first-class humans, not second-class robots.’”

Although the arts have been firmly planted in the Hong Kong school system since the 1950s, they are often sacrificed in place of core subjects and preparation for examinations. Drawing on over 16 years of exploration and experience, Yau makes the case that arts are critical to cultivating creative mindsets, which are our best resource for innovating and responding to challenges in this complex world of sudden changes. Through case studies and conversations with practising artists and educators, the book demonstrates why arts and education, two normally discrete disciplines, should be broadly integrated into the local Hong Kong curriculum, and how this can be—and has been—achieved.

The book launch began with a guided exhibition tour led by the AFTEC team, followed by a dynamic panel discussion. Experts including Mr Victor Kwok, Deputy Director of Research at Our Hong Kong Foundation; Professor Anna Hui of City University of Hong Kong; and independent evaluator Mr Robert Li explored the policy barriers, the economic case for investing in creativity, and the practical steps needed to foster a more innovative education system.

Inside the Book: A Blueprint for Transforming Hong Kong’s Schools

Evolving Creative Mindsets: Thinking Through the Arts is a comprehensive guide that deconstructs the challenges and opportunities facing Hong Kong. It explores:

  • The “Poverty of Imagination”: An analysis of how economic and educational constraints can limit the cognitive and emotional growth of young people, and how the arts can redress this imbalance.
  • A Proven Pedagogical Model: Detailed case studies from AFTEC’s programmes, such as the Sm-ART Youth and Bravo! Hong Kong Youth Theatre Awards, which showcase practical methods for fostering creativity, critical thinking, and resilience.
  • A Blueprint for Policy: A proposal for a phased, 10-year human resources plan designed to cultivate a new generation of “Creative Practitioners” and build a more sophisticated, engaged audience.
  • The Future of Learning: An examination of how skills nurtured through the arts—such as abstract thinking, emotional intelligence, and collaboration—are precisely the competencies demanded by a future global economy where 47% of jobs may be automated.

The book challenges the status quo, urging a move from short-term, “copy-and-paste” collaborations to deep, sustainable partnerships. It critiques the current “service provider” model, where arts groups are hired for one-off school performances, and instead advocates for embedding creative practitioners within the educational fabric. The work has already received high praise from international and local leaders in arts education, policy, and culture (see appendix II).

In her closing remarks, Ms Yau reiterated the book’s central message: “The core question we must ask is how to empower our youth to navigate a world of increasing complexity and ambiguity. The answer lies in evolving our mindsets. This book is an invitation to our entire community—educators, artists, policymakers, and parents—to sit side-by-side and build a truly creative city together. The future starts now.”

This book is intended for policymakers, teaching and learning professionals at K-12 and tertiary levels, visual and performing arts establishments, and arts institutions that nurture educators and artists. The volume will also appeal to readers curious about how and why the arts should be foundational to education and capacity building in the twenty-first century.

The copy is available on https://hkupress.hku.hk/Evolving_Creative_Mindsets

Appendix I: Synopsis

Chapter Synopsis Selected Quote
Introduction The introduction establishes the book’s central thesis: Hong Kong’s education system sacrifices the arts, hindering the development of creative mindsets crucial for the 21st century. It defines key terms like “arts-in-education” and presents a roadmap for integrating the arts and education, framing the book as a call to action for policymakers, educators, and artists. “Our best resource is our creative mindset, hence the cultivation of our people.”
Part A: Origin
Chapter 1: Cracking the Creativity Code: The Future Starts Now This chapter traces two decades of Hong Kong’s education reforms, revealing a persistent gap between policy aspirations for creativity and classroom reality. It makes a powerful economic case for change, citing global reports on the future of work to argue that creative and social intelligence—skills honed by the arts—are essential for the jobs of tomorrow. “Rote learning cannot save jobs. Adaptability and flexibility to deal with suddenness are crucial.”
Chapter 2: The Power of Imagination: Redressing Poverty? The author introduces the concept of a “poverty of imagination” as a direct consequence of a deficit-based education system focused on rote learning. The chapter argues that redressing this requires a shift to an asset-based model that uses the arts to release the imagination, making empathy and a belief in alternative futures possible. “As dismal as economic poverty is the poverty of the imagination. In the end, these children may not see alternative ways of living, ways to gain a better quality of being because they are not exposed to, nor do they understand, possibilities and probabilities.”
Part B: Passage
Chapter 3: In Praise of Gaps: Programming with Voids This chapter details AFTEC’s core strategy: identifying and filling “gaps” in the arts and education ecosystem. Instead of routine programming, the organisation creates targeted projects—from theatre productions that embed learning to cross-sector collaborations with medical schools—that serve as proven models for change and capacity-building. “Gaps need not be ascribed as failings; they can be opportunities to create something of substance to fill the void.”
Chapter 4: Passivity to Engagement: Sm-ART Youth Case Study Through a detailed case study of the seminal Sm-ART Youth project, this chapter provides a practical roadmap for transforming passive students into engaged learners. It demonstrates how to cultivate a creative classroom by rethinking the physical environment, building trust, and integrating cultural outings and parent collaboration to foster autonomy and self-expression. “Cookie-cutter activities in which the standardised requirement of the teacher reigning as the sole source of information and students producing the same answers were replaced by authentic experiences that engaged the child’s own experiences, thoughts, and feelings.”
Chapter 5: Reflections as Assessment: Acknowledging Considered Thinking This chapter challenges the traditional view of assessment in the arts, moving “from measurement to judgement.” It champions reflective practice—through journals, dialogues, and guided questioning—as a powerful tool to assess and document qualitative growth. Using case studies, it shows how this approach makes intangible changes in students’ confidence and critical thinking visible and valuable. “Assessment and evaluation are about storytelling, that through narratives, we can tell how we are doing what we are doing, thereby giving confirmation to why we should continue (or not) doing it.”
Chapter 6: Those COVID Days: The Arts and Well-Being Using the disruption of the COVID-19 pandemic as a backdrop, this chapter explores the critical link between the arts and well-being. It documents how AFTEC adapted through a “growth mindset” and presents compelling case studies and international research showing how arts engagement promotes mental health, resilience, and social-emotional learning, especially for the vulnerable youth. “It took a global pandemic to start this conversation.”
Part C: Bearing
Chapter 7: Creative Mindsets, Creative City: OECD PISA Creative Thinking Test This chapter analyses Hong Kong’s lacklustre performance in the landmark 2022 PISA creative thinking assessment, contrasting it with top-performing economies like Singapore. It argues that the results are a direct reflection of a school system that, despite policy rhetoric, does not systematically cultivate the creative habits of mind needed for a truly innovative city. “If we are indeed to be the East-West Centre for International Cultural Exchange, then the degree of contentment, or complacency, should be a driving force.”
Chapter 8: Museums and Performing Spaces: Sites of Creative Learning The author reimagines museums and performance venues not just as places for consumption but as dynamic “Sites of Creative Learning.” The chapter argues that by moving beyond chronological displays and passive viewing, these spaces can become powerful environments for fostering inquiry, critical thinking, and deeper audience engagement. “The tightness of space need not hamper the expanse of the mind. Their evolution as sites of creative learning has immense possibilities.”
Chapter 9: Contextualising Human Resource Planning: A Triumvirate Concept This chapter presents a strategic blueprint for developing Hong Kong into an East-West cultural hub by strengthening the “triumvirate” of audience, schools, and creative practitioners. It argues that the current supply-demand imbalance in the arts can be rectified by investing in a recognised, professionalised corps of “Creative Practitioners” who can elevate both arts education and audience sophistication. “Quantity may be good as long as funding lasts; quality delivers higher sustainability through investing in current and future generations.”
Chapter 10: Myths and Misunderstandings: Musings and Replies In this concluding chapter, the author directly confronts and debunks common myths about the arts—from the idea that they are merely peripheral to education, to the belief that creativity is only for artists. It serves as a final, passionate plea for a more nuanced and accurate understanding of the value of the arts in society. “The arts have everything to do with everyone if only we manage to open up, through creative learning, to create curiosity and subsequent inquisitiveness.”
Epilogue: First-Class Humans The epilogue serves as a powerful concluding call to action. It poses a critical question for Hong Kong’s future: “How can we ensure our young people become first-class humans and not second-class robots?” The answer, the author concludes, lies in systemically embedding creative learning at the heart of education and society. “In space-constrained Hong Kong, physical limitations can inspire the growth of mental capacity when we nurture creative thinking and artistic expression.”

Appendix II: Testimonial
‘Our schools and professional communities increasingly need creatively vibrant learners to succeed. Evolving Creative Mindsets hits the bull’s-eye exactly, showing creative practitioners how the AFTEC approach, proven by research and by similar best practices around the world, effectively develops the innovative learners and active creators we want and need. Bravo.’

Eric Booth, co-founder of International Teaching Artist Collaborative (ITAC) and author of Making Change: Teaching Artists and Their Role in Shaping a Better World

‘Lynn’s lived experiences are painstakingly distilled into a book that advocates the imminence of creative thinking as a top future skill set and how to cultivate it. This book speaks to those in education, culture and creativity, policy and grant-making, community NGOs, youth development, and even healthcare. Most importantly, this is one for all the parents in the city.’

Helen So, board member of the Hong Kong Palace Museum

Evolving Creative Mindsets is an eloquent, evidence-rich treasure. Lynn Yau weaves Hong Kong’s vivid case studies with universal insights – uniting policy, assessment, well-being, and creative thinking in one compelling narrative. A practical handbook and visionary manifesto, it will inspire educators, policymakers, and artists striving for sustainable, globally resonant arts learning.’

Anne Bamford, OBE, director of International Research Agency and former Strategic Education, Skills, and Culture Director for the City of London

Hashtag: #AFTEC

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

About AFTEC

Advancing creative learning and arts education in Hong Kong

Creativity allows us to recognise potential within ourselves and the world around us. It promotes problem-solving, nurtures relationships, cultivates resilience, and can transform lives in countless ways. At AFTEC, we work with students, educators, and creative practitioners to plant the seeds of creativity in our community—seeds we have seen yield season after season.

As a proudly homegrown Hong Kong organisation, we nurture the city’s greatest natural resource — its people. Through co-designed, collaborative, and inclusive bilingual educational programmes, we create supportive environments where young minds are free to explore, express, and flourish. We spark imagination, build confidence, and foster a sense of growth and belonging together.

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

Hong Kong & Chinese Mainland Investors Signal Strong Interest in Tokenized Funds, According to Joint Study by Aptos Labs and BCG under HKMA’s Project e-HKD+

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Source: Media Outreach

61% of retail investors in Hong Kong and Chinese Mainland are set to double their investment allocations to funds — driven by features unlocked through tokenization and digital money innovation.

HONG KONG SAR – Media OutReach Newswire – 28 October 2025 – Retail investors in Hong Kong and Chinese Mainland may double their asset allocation to funds, leveraging digital money and advanced features enabled by tokenization, according to new research commissioned by Aptos Labs, core contributor to the Aptos Layer-1 blockchain, and Boston Consulting Group (BCG). This follows a successful joint pilot with Hang Seng Bank conducted under Project e-HKD+.

With the rapid evolution of digital money and tokenization worldwide, the Hong Kong Monetary Authority (HKMA) renamed Project e-HKD as Project e-HKD+ in 2024 and commenced Phase 2 of the e-HKD Pilot Program (Phase 2), expanding its coverage from e-HKD only to a more comprehensive exploration of the digital money ecosystem in Hong Kong. Under Phase 2, Hang Seng Bank, Aptos Labs, and BCG collaborated on a joint pilot to explore new business features and investor use cases, which was followed by the Digital Money & Tokenized Assets Hong Kong Survey, conducted by Aptos Labs and BCG, to validate the commercial viability of these features.

Conducted between May and June 2025, the Digital Money & Tokenized Assets Hong Kong Survey engaged over 500 retail fund investors to assess their behavior, perceptions, and demand for tokenized fund products. The findings revealed strong investor interest and confirmed that these innovative features are not only feasible but also highly valued by retail investors.

Innovative Features Fuel Investor Appetite

The survey findings highlight strong momentum for tokenized funds, with 61% of retail investors in Hong Kong and the Chinese Mainland planning to double their allocations – driven by innovative features enabled by tokenization. In particular, Chinese Mainland respondents expressed a high demand for cross-border investment avenues. The results also signal a shifting investor landscape, where attributes such as liquidity, transparency, and faster access to capital are becoming increasingly valued alongside traditional performance metrics.

“The survey results underscore the scale of opportunity in tokenized funds and programmable digital money,” said Solomon Tesfaye, Chief Business Officer of Aptos Labs. “These technologies are transforming the investment landscape and investor expectations – unlocking efficiency, transparency, and new possibilities. Aptos Labs is honored to be part of Phase 2 of the e-HKD+ pilot program and the e-HKD Industry Forum in partnership with Hang Seng and BCG, contributing to building the infrastructure that helps bring these opportunities to life.”

David Chan, Managing Director and Partner at BCG, added, “Our global experience in digital money initiatives and business builds suggests that successful digital money adoption depends on delivering a clear value proposition for each client segment. Firms need a holistic operating model to orchestrate rapidly evolving technologies for effective value delivery. We hope our survey findings help guide healthy and responsible industry growth.”

Distinctive Needs and Opportunities Between Investor Groups

The survey has identified four distinct investor personas, each showing a strong willingness to increase fund allocations to tokenized products – provided the features align with their specific investment needs:

  • Hong Kong Frequent Traders – A dynamic cohort of young to mid-aged investors focused on active trading for amplified returns. They anticipate increasing fund allocations from 10% to 26%, drawn to features like 24/7 trading access and greater allocation flexibility, which enable faster cycles and opportunities.
  • Hong Kong Wealth Legacy Planners – Investors with significant assets under management, focusing on wealth transfer strategies and trust creation, are especially attracted to programmable fund structures that support tailored trust setups and transparent fund management. Their average allocation is expected to grow from 5% to 16%.
  • Hong Kong Long-Term Investors – Discerning mid-aged investors who value security, transparency, and liquidity in their investment choices. They see strong utility in tokenized funds for instant capital redemption and using tokenized funds as collateral for short-term financing needs. Their planned allocation increase is from 8% to 25%.
  • Chinese Mainland Investors – Affluent individuals seeking diversification beyond mainland markets into promising Hong Kong investment avenues. Their average allocation is set to rise from 11% to 24%, with tokenized funds offering a strategic route around capital controls. Programmability features allow flexible investment across Hong Kong fund products, utilization of profits locally, and seamless overseas transfers.

The survey revealed that tokenization unlocks a wide range of capabilities, with each investor persona valuing different features based on their unique investment goals. While programmability emerged as a universally appreciated benefit, preferences varied from wealth transfer solutions to global diversification strategies, highlighting how tokenization can flexibly meet diverse investor needs. This signals a strong opportunity for targeted adoption and product innovation.

Regulatory Tailwinds and Mature Technology Accelerate Digital Money Adoption

These insights align with Hong Kong’s growing momentum in digital asset development. Following the passage of the Stablecoins Bill by the Legislative Council, the city now hosts a formal licensing regime for fiat-referenced stablecoin (FRS) issuers.

As a member of the e-HKD Industry Forum and the Programmability Working Group established by HKMA, Aptos Labs works alongside leading financial institutions to address challenges in scaling the adoption of new digital money formats and shaping future institutional standards. The company also brings extensive global experience, supporting major stablecoin ecosystems with over US$60 billion in monthly transactions facilitated through the Aptos blockchain.

Together, these regulatory and institutional tailwinds provide a strong foundation for the investor demand reflected in the survey, signaling a market ready for large-scale adoption, redefined capital flows, and a new generation of financial infrastructure powered by blockchain technology.

Hashtag: #AptosLabs

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

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