LAS VEGAS, NV, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) - Energy Enhancement System, LLC ("EES") has achieved another decisive victory in its ongoing effort to defend truth, innovation, and integrity against baseless attacks from Jason Shurka and The Light System, Inc. ("TLS").The United States District Court for the Eastern District of New York has formally granted EES permission to move forward with its full motion to dismiss - a strong indication that the court recognizes the legal and factual strength of EES's position. Judges in multiple jurisdictions have now described Shurka's filings as "baseless" and "futile," repeatedly returning the cases to the very courts where EES first initiated them - and where EES continues to win.Truth Over DeceptionThe latest decision follows months of extensive filings exposing what EES alleges was a coordinated campaign of misinformation and brand confusion.Court records show that Shurka, once briefly involved in limited marketing activities with EES, launched a competing venture falsely implying that his product was identical to or derived from the original EESystem technology.EES's lawsuits in Nevada and New York detail how Shurka and TLS misrepresented their affiliation, misused EES's intellectual property, and exploited public imagery and research to promote their imitation product. These filings cite violations under the Lanham Act (15 U.S.C. § 1125) and the Nevada Deceptive Trade Practices Act, among others."This is not about competition; it's about protecting decades of honest work and innovation," said Hon. Dr. Sandra Rose Michael, DNM, DCSJ, founder and inventor of the EESystem."I began developing this technology in 1978 - long before these individuals appeared. We will continue to safeguard our legacy of integrity and ensure that truth, not falsehood, guides our community."The court's decision authorizes EESystem to maintain course and proceed with its full motion to dismiss - a clear reaffirmation that authenticity and integrity prevail."Every decision in our favor strengthens our evidence and unites our global centers even further," added Mela Bertolacini, daughter of Sandra Rose Michael and EESystem spokesperson.A Legacy of Authentic InnovationFor nearly five decades, Hon. Dr. Sandra Rose Michael, DNM, DCSJ, has guided the development of the Energy Enhancement System (EESystem) - a technology exploring how scalar-field and photonic energy environments interact with the human system.Energy Enhancement System, with hundreds of public centers across the globe, is recognized for its distinctive integration of research, engineering precision, and educational outreach.From its Nevada headquarters, Energy Enhancement System, LLC advances research and design in emerging energy sciences, fostering environments that encourage relaxation, coherence, and scientific curiosity. Since 1978, Dr. Michael's work has emphasized innovation with integrity and the pursuit of deeper understanding at the intersection of science and consciousness.About Energy Enhancement System (EESystem)Founded by Hon. Dr. Sandra Rose Michael, DNM, DCSJ, Energy Enhancement System, LLC is a Nevada-based research and technology company dedicated to the responsible exploration of scalar-field and photonic energy phenomena. The company's mission is to promote transparency, education, and the ongoing study of coherence-based environments in collaboration with scientists, practitioners, and community centers worldwide.For transparency and public verification, case details are available through official court dockets: Energy Enhancement System, LLC v. Shurka et al., Case No. A-25-910216-B (Clark County District Court, Nevada); 2:2025cv00633 (U.S. District Court, District of Nevada); 1:25-cv-00218 / 1:25-cv-20981 (U.S. District Court, Southern District of Florida); and 2:25-cv-01234 (U.S. District Court, Eastern District of New York).Media ContactEnergy Enhancement System, LLCsupport@eesystem.comwww.eesystem.comEnergy Enhancement System - Where Truth, Science, and Integrity Continue to Prevail.SOURCE: Energy Enhancement System Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

- Two major lighting fairs and Eco Expo Asia have concluded with success, attracting some 62,000 buyers from 141 countries and regions - The spotlight Hall of Connected Lighting featured some 70 top global brands. An AI smart lighting exhibitor at the Autumn Lighting Fair successfully confirmed an onsite order with a Thai buyer worth up to RMB8 million, double the value of their sales at the fair last year - - In an independent on-site survey, 61% of lighting industry respondents expect overall sales to grow in the next one to two years. Respondents foresee that AI (57%), smart city development (40%) and technological advancement (36%) will be key growth drivers in the lighting industry - Eco Expo Asia helped enterprises expand their international trade networks and seize green business opportunities globally, with notable increases in buyers from Australia, Japan, Korea, Malaysia and the US.     - A green enterprise from the Chinese Mainland stated that Eco Expo Asia serves as a "go global" platform for mainland green companies, helping them capture business opportunities in the Middle East and SEA. Company representatives expect overseas revenue growth for the full year to exceed 200%.HONG KONG, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) – The 27th Hong Kong International Lighting Fair (Autumn Edition) and the 10th Hong Kong International Outdoor and Tech Light Expo, both organised by the HKTDC, and the 20th Eco Expo Asia, jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), have come to a successful conclusion. The three exhibitions attracted some 62,000 buyers from 141 countries and regions.Deputy Executive Director of the HKTDC Jenny Koo said: “This year's Autumn Lighting Fair and Outdoor and Tech Light Expo attracted top global brands, showcasing a wealth of innovative and smart lighting products and solutions. Eco Expo Asia debuted a new pavilion that featured 22 local green start-ups presented by the Environmental Campaign Committee and the ANSO Environmental Technology Industry Alliance, led by the Alliance of National and International Science Organizations for the Belt and Road Regions (ANSO), and 11 mainland enterprises, bringing together diverse green technologies. The three fairs drew some 62,000 buyers. Buyers from outside Hong Kong primarily came from the Chinese Mainland, Taiwan, India, Korea, the US and ASEAN countries, including Malaysia, the Philippines and Thailand. This shows the fairs’ appeal as global hubs for the lighting and environmental industries, leveraging Hong Kong's strengths as a trading centre and gateway to international markets."Survey reflects optimism about lighting industry sales over the next two yearsAn independent survey of over 730 exhibitors and buyers at the Autumn Lighting Fair and Outdoor and Tech Light Expo revealed that respondents hold an optimistic outlook, with 61% respondents expecting overall sales to grow in the next 12-24 months, and 37% expecting sales to remain unchanged. In terms of target markets, respondents were mainly optimistic about ASEAN countries (71%), India (70%) and the Middle East (70%).In terms of trends in lighting products, respondents foresee that AI (57%), smart city development (40%) and technological advancement (36%) will be driving factors of industry growth. 74% of respondents believed smart lighting demonstrates good to very good market potential over the next two years. Respondents consider smart lighting to have the greatest development potential in home automation and smart lighting control systems (39%), followed by energy-efficient lighting control solutions (38%) and wireless lighting control systems (29%).Regarding challenges, respondents identified the top three operational challenges this year as fluctuations of global economy (65%), rising costs due to inflation (42%), and growing protectionist measures, such as export controls, tariffs and sanctions (35%). In light of US tariffs, 54% of respondents reported no or minimal impact on their company's procurement and sales strategies, while 16% indicated a significant impact.Lighting fairs bring innovative products, global brands unveil new offerings and immersive experiencesUnder the theme ‘Illuminated Designs for a Smarter Future’, the twin lighting fairs showcased innovative products and smart lighting solutions from top global brands. The Hall of Connected Lighting returned as the Autumn Lighting Fair’s focal point, featuring some 70 leading brands, demonstrating smart lighting and IoT applications. Dutch company Signify unveiled its latest product in Asia– VitaUp Vitamin D3 Modules by Philips, offering a safe and controlled source of low-intensity UVB exposure to support healthy vitamin D levels. Raimond Dumoulin, LED Architect at Signify, stated that the company has connected with over 100 potential buyers from the United States, Egypt, Korea, Japan, India, the Netherlands, Finland, Norway, and the Chinese Mainland. Based on the strong interest shown by these potential buyers in the newly launched products and other offerings, the company expects the fair to generate orders worth between EUR1 to 2 million.Specialising in smart lighting controls, Casambi Technologies Oy from Finland – created various scenes at the fair – such as a café setting, presentation mode and shows – providing buyers with a fully immersive experience, while showcasing seamless mode transitions and the smart, intuitive operation. Tommy Hoo, APAC Strategy and Marketing Leader, said: “This is our first time attending the Hong Kong International Lighting Fair (Autumn Edition), marking our debut at an exhibition in the Asia-Pacific region. APAC is an emerging market for us, and the fair has been highly effective in supporting our expansion plans. During the first half-day, we spoke with over 100 potential clients and participated in about 10 business matching meetings. We also pre-arranged additional meetings using the Scan2Match service to connect with potential clients from Singapore, Australia, India, Canada, Denmark, and more.”Additionally, lighting systems integrated with AI have also attracted attention from buyers. Bweetech Electronics Technology (Shanghai) Co., Ltd. is an innovative enterprise specialising in personal wireless smart lighting. Users simply express their intent and the system’s AI technology can automatically interpret and generate the ideal lighting effects tailored to the scene. Bweetech’s Marketing Manager, Green Geng, expressed that the company has attracted some 50 potential buyers from the United States, Korea, Japan and Southeast Asia within the first two days of the exhibition. The company also successfully confirmed an onsite order worth RBM8 million with a Thai buyer, doubling the value of their sales at the fair last year.The concurrent Hong Kong International Outdoor and Tech Light Expo brought a diverse range of outdoor commercial and industrial lighting solutions, supporting the development of smart cities. The returning Smart Pole and Solution Zone featured Chinese Mainland exhibitor Ningbo Freelux Lighting Appliance Co., Ltd. who joined the expo to look for buyers from new markets. The company’s CEO Allen Mao said: “We have met with new buyers from different parts of the world, including Africa, Europe, the Middle East, South America and Southeast Asia. Two to three new buyers from Argentina and Poland have expressed their intention to purchase our streetlights. We expect that total orders generated by this expo will be around US$2-3 million.”Trient Trading from the United Arab Emirates has been visiting the twin lighting fairs for five consecutive years. The company’s Sales and Product Specialist Hasan Khan said: “I am handling two large-scale projects: a new office building for a large logistics group and a hotel apartment project. I plan to purchase outdoor lighting, architectural lighting and decorative lighting for the construction of the new office building and facade lighting for the hotel apartment project, with a total order value of US$1.6 million.”Eco Expo Asia welcomed its 20th edition fully committing to net zero goalsUnder the theme ‘Green Innovations for Carbon Neutrality’, Eco Expo Asia showcased the latest achievements in Circular Economy and Waste Management, Green & Smart Mobility and ESG-related Services, providing invaluable networking opportunities for the green industry. As a leading business platform for ESG and sustainable development solutions, Eco Expo Asia continued to receive support from governments, industry associations and enterprises worldwide. In collaboration with the Environment and Ecology Bureau, the expo extended invitations to government service providers from the Chinese Mainland, as well as from ASEAN and Belt and Road countries, to visit and source green technologies and products.A green enterprise from Chinese Mainland believed that Eco Expo Asia is a platform for mainland green companies to go global and capture business opportunities in the Middle East and SEA. Infore Enviro's Executive Vice President Fu Qu said: “In the fair, we successively engaged with over 35 government representatives from different places, including, Hong Kong, the UAE, Kazakhstan, Vietnam, Thailand, Malaysia and the Philippines etc. The representative of the UAE Ministry of Climate Change and Environment expressed interest in our waste collection and transportation vehicle, and our road sweeping cleaning vehicle. We will visit the UAE to continue the discussing of this potential business opportunity. Through this exhibition, we expect the annual overseas revenue growth rate to exceed 200%”One local startup said it showcased green innovation achievements through the expo. Jay Hsu, Senior Manager, GreenTech of Hong Kong Science and Technology Parks Corporation, shared: “The expo attracted Hong Kong investors and property management companies to visit, buyers from the Belt and Road countries and Southeast Asia such as Malaysia, Vietnam, and Singapore are also interested in our solutions. We have generated numerous leads, with six out of 10 exhibiting companies identifying potential buyers, and expect orders to reach approximately HK$15 million.”A local exhibitor Dunwell Engineering Company Limited has participated for 20 years. The company's Sustainability Officer, Benson Leung, stated: “In the first two days of the expo, we have already connected with potential buyers from Malaysia, Thailand, Japan, Korea, Saudi Arabia and EU countries. They showed particular interest in a food waste processing system targeting hotels and residential estates, and lithium battery fire extinguishers. Additionally, we secured approximately 10 business matches with ASEAN buyers via the Click2Match platform, with meetings scheduled at the fair. This participation is projected to contribute around 20% of the company's annual revenue.”The expo attracted numerous overseas buyers actively sourcing products. A buyer from Hungary, Endre Bali, Business Development Director of Oxyma Systems Kft, shared: “I serve as a business consultant to a hydrogen association in Hungary. At the fair, I connected with an exhibitor from the Chinese Mainland and see a strong potential for establishing a hydrogen storage and production partnership, valued at US$3–5 million.”Igniting cross-industry business opportunities through three fairsOrganised by the HKTDC, the Hong Kong International Lighting Fair (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo formed a world-renowned lighting marketplace, attracting some 3,000 exhibitors collectively, and some 41,000 buyers and more than 10,000 buyers, respectively. Eco Expo Asia, jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd., and co-organised by the Environment and Ecology Bureau of the Government of the HKSAR, drew some 340 exhibitors and over 11,000 buyers.Under the EXHIBITION+ hybrid mode, exhibitors and buyers can engage in online business negotiations and matching for the three fairs through the Click2Match smart business matching platform until 7 November.Fair WebsitesHong Kong International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.comHong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.comEco Expo Asia: www.ecoexpoasia.comExhibitor and Buyer QuotesHong Kong International Lighting Fair (Autumn Edition): https://www.hktdc.com/event/hklightingfairae/en/success-storiesHong Kong International Outdoor and Tech Light Expo: https://www.hktdc.com/event/hkotlexpo/en/success-storiesEco Expo Asia: https://www.hktdc.com/event/ecoexpoasia/en/success-storiesPhoto download: https://bit.ly/3Lf8DXQThe 27th Hong Kong International Lighting Fair (Autumn Edition), the 10th Hong Kong International Outdoor and Tech Light Expo and the 20th Eco Expo Asia have come to a successful conclusion. The three exhibitions attracted some 62,000 buyers from 141 countries and regions.The Hall of Connected Lighting returned as the Autumn Lighting Fair’s focal point, featuring some 70 leading brands, demonstrating smart lighting and IoT applications. Signify unveiled its latest product VitaUp Vitamin D3 Modules by Philips at the fair.Foshan Electrical and Lighting Co. set up an experience zone to showcase lighting products for the silver market.The Hall of Aurora brought together some 540 notable brands offering high-quality lighting products and technologies.At the Hong Kong International Outdoor and Tech Light Expo, the Smart Pole and Solution Zone, introduced last year, returned to showcase innovative solutions that support smart city development and energy efficiency optimisation.Various seminars and forums were held during the two lighting fairs. Renowned lighting designer Tino Kwan hosted a masterclass titled ‘The Language of Light: From Artistic Design to Everyday Experience’ and shared design principles for enhancing daily life through light and the impact of light on mood, functionality and spatial characteristics.The Hong Kong Tourism Board arranged evening cruises on Victoria Harbour to create an extended travelling experience for buyersThis year’s Eco Expo Asia attracted some 340 exhibitors from 13 countries and regions, and over 11,000 buyersA joint government pavilion is featuring 11 bureaux and departments, including the Environment and Ecology Bureau, and presented the latest green policies and initiatives.In the ‘Experience Sharing Forum on Promoting Environmental Business in Overseas Markets’, Government officials and representatives of quasi-governmental organisations from Belt and Road countries shared strategies for local market development, to help green companies expand their international networks.Tse Chin-wan, Secretary for Environment and Ecology of the HKSAR Government, attended the premiere of the second season of documentary series ‘Enchanting China’ on the public day, and spoke with enthusiastic young studentsEco Expo Asia was open to the public today. Visitors attended various workshops as well as the Green MartMedia enquiriesPlease contact the HKTDC’s Communications and Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgThe HKTDC’s Media Room: http://mediaroom.hktdc.com/enAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Messe FrankfurtThe Messe Frankfurt Group is one of the world’s leading trade fair, congress and event organisers with its own exhibition grounds. With a workforce of some 2,160 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2022 were around €454 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.For more information, please visit our website at: www.messefrankfurt.com/sustainability. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60%) and the State of Hesse (40%). For more information, please visit our website at: www.messefrankfurt.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Sharm El Sheikh, Egypt, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) - Today, the Kingdom of Saudi Arabia solidified its global leadership in public financial auditing and accounting by winning the chairmanship of the International Organization of Supreme Audit Institutions (INTOSAI). The announcement was made during the 25th General Assembly of INTOSAI, held in Sharm El-Sheikh under the patronage of His Excellency President Abdel Fattah El-Sisi of the Arab Republic of Egypt.Saudi ArabiaSaudi Arabia Assumes Chairmanship of INTOSAIThe General Assembly declared Saudi Arabia, represented by the General Court of Audit (GCA), as the Chair of INTOSAI starting in 2031 for a three-year term. Saudi Arabia will host delegations from over 195 countries, led by the heads of Supreme Audit Institutions, assuming leadership of the world's foremost organization in financial and performance auditing. This role positions Saudi Arabia to steer global efforts in enhancing transparency, public sector governance, and government performance, while reinforcing public trust in national economies.On this occasion, His Excellency Dr. Hussam Alangari, President GCA, extended his congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, acknowledging their unwavering support and empowerment of GCA. He emphasized that this achievement reflects the Kingdom's international standing and global trust, enabling it to play a pivotal role in advancing auditing and accountability worldwide. Dr. Alangari highlighted the transformative developments in organizational independence, technical and human capacity, and methodological innovation that have enabled GCA to achieve its vision of impactful audit, public sector effectiveness, and quality of life for citizens. He added: "Saudi Arabia welcomes the world in 2031, and we look forward to hosting everyone in Riyadh to shape a global future that promotes transparency, governance, and governmental effectiveness."This milestone crowns decades of international engagement led by Saudi Arabia through GCA, starting with its early membership in INTOSAI in 1977. Saudi Arabia has consistently taken leadership roles in international and regional organizations, including serving as Chair of the Arab Organization of Supreme Audit Institutions (ARABOSAI) for two consecutive terms since 2022, and the upcoming Chair of the Asian Organization of Supreme Audit Institutions (ASOSAI) starting in 2027. GCA has also led numerous INTOSAI committees and initiatives focused on capacity building and enhancing the efficiency of peer SAIs in developing countries, reflecting the Saudi Arabia commitment to advancing auditing and accountability globally.Founded over seventy years ago, INTOSAI is the largest and most prestigious international organization uniting Supreme Audit Institutions worldwide. Today, it comprises over 195 member countries, each represented by its Supreme Audit Institution, working to enhance transparency, governance, and public sector auditing, with the ultimate goal of improving citizens' lives around the world.Contact InformationGeneral Court of AuditMedia Centergca@gca.gov.sa0114056770SOURCE: General Court of Audit Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) – The global energy transition presents an irreversible trend in the world today. Amidst this historic process, the energy storage industry is particularly critical in the construction of new power systems. Its exponential growth trajectory unequivocally declares it to be a “Golden Track” brimming with long-term potential. From an investment perspective, when selecting companies in the energy storage sector, leading players with high growth visibility and strong certainty are clearly the most worthwhile targets for current focus and monitoring. ZhiTong Finance believes that Xiamen Hithium Energy Storage Technology Co., Ltd. (hereafter referred to as “Hithium Energy Storage”), which recently filed its Application Proof for listing with the Hong Kong Stock Exchange (HKEX), is a prime example.Founded in 2019, Hithium Energy Storage has achieved an extraordinary market position in just over five years. This is naturally reflected in its financial statements, where core financial data continues to trace a steep upward curve. For instance, building on a high base from last year, Hithium Energy Storage’s revenue reached RMB 6.971 billion in the first six months of this year, representing a massive year-on-year increase of 224.6%. Gross profit rapidly expanded from less than RMB 100 million in the same period last year to RMB 916 million, marking a robust year-on-year surge of 1073.4%. The net profit metric also underwent a simultaneous “qualitative change,” successfully turning profitable in the first half of the year with a profit of RMB 223 million.Even more noteworthy, Hithium Energy Storage's latest performance trend has released a strong value signal: its more profitable international business is powerfully “taking the baton” to become the new “locomotive” contributing incremental performance. In the first half of this year, the proportion of Hithium Energy Storage's international revenue surged to 17.5%, a “qualitative leap” compared to 3.3% in the same period last year. While the revenue weight increased significantly, the profit potential of the international business was also initially unlocked. It is estimated that Hithium Energy Storage's international business achieved a gross margin of 30.5% in the first half, a figure significantly higher than the 9.5% gross margin of its Chinese mainland business during the same period. The rapid scaling of Hithium Energy Storage's international business is largely due to its early and acute recognition of the importance of overseas markets, evidenced by its proactive establishment of a production base in Texas, USA, making it the first Chinese company to set up energy storage system production capacity in the United States. With the rapid expansion of its international business, it is reasonable to expect Hithium Energy Storage’s revenue scale and profitability metrics to continue growing rapidly.Cultivating Global Competitiveness Around Core StrategiesThe corporate history of Hithium Energy Storage can, in a way, be viewed as a classic example of the global offensive launched by Chinese manufacturing. Over the past few years, Hithium Energy Storage’s business volume has continuously climbed new steps. According to the company’s prospectus, the compound annual growth rate of Hithium Energy Storage’s ESS battery shipments reached 167% from 2022 to 2024. In the first six months of this year, Hithium Energy Storage's ESS battery shipments reached 30 GWh, with a year-on-year growth rate of 252.9%. Despite the high base, there is no sign of a “regression to the mean” in its shipment growth rate; instead, it has further accelerated.The secret behind the consistently rapid increase in Hithium Energy Storage's product shipments is likely embedded within the company's three core strategies. Focusing on energy storage is one of the company's core strategies. Placing Hithium Energy Storage within the industry perspective, this is clearly an “atypical” new energy technology company. The key feature of this “atypical” nature is that since its inception, the company has consistently focused solely on the energy storage sector, unlike other leading companies in the industry that disperse their focus across the upstream and downstream of the industrial chain. It is likely due to this singular focus that Hithium Energy Storage is able to better understand the fundamental logic and core challenges of the industry. The continued realization of high growth expectations this year is undoubtedly closely linked to the company's unwavering focus on the energy storage domain, based on a deep understanding of the market.In an era where technological innovation is playing a decisive role in the global competitiveness of the manufacturing industry, any manufacturing enterprise aiming to break out must establish a leading edge in technology and product capabilities. By adhering to the core strategy of building competitive barriers through R&D and innovation, Hithium Energy Storage has consistently matched the vast and rapidly growing market demand with high-quality supply over the years. Data shows that Hithium Energy Storage's cumulative expenditure on R&D exceeded RMB 1.5 billion from 2022 to the first half of 2025. To date, the company has assembled an R&D team of over 1,030 professionals, with over 30% holding a master's degree or higher. This continuously growing R&D expense and powerful R&D talent pool provide the foundational support for Hithium Energy Storage to intensively launch innovative products.In terms of energy storage battery products, Hithium Energy Storage currently mainly offers 280Ah and 314Ah cells and has unveiled the ∞Cell 587Ah and ∞Cell 1175Ah ESS batteries. Furthermore, it has introduced the sodium-ion ESS battery with a cycle life exceeding 20,000 cycles. Protected by its strong core scientific and technological capabilities, the company has entered a vigorous new product cycle.For energy storage system products, Hithium Energy Storage provides all-round energy storage systems with leading capabilities that can be applied in power stations, grids, data centers, commercial and industrial, and residential scenarios. Current delivered products include the 5MWh liquid-cooling energy storage system. Last month, at RE+ 2025—the largest and most influential international solar and energy storage exhibition globally, held in Las Vegas, USA—Hithium Energy Storage unveiled energy storage solutions for AI Data Centers (AIDC), such as the ∞Power 6.25MWh 8h lithium-ion long-duration energy storage system.Its core R&D innovation strength has also provided crucial assistance for Hithium Energy Storage to achieve scaled production and extreme efficiency. It is reported that Hithium Energy Storage has continuously overcome technological bottlenecks and successfully iterated four generations of smart factories within the last three years, leading to a continuous decline in unit manufacturing costs over the past three years. Currently, the company’s fifth-generation factory is also under construction and is expected to commence operation next year. Combined with the explosive growth in Hithium Energy Storage’s shipment data, it is fair to say that “Hithium Smart Manufacturing” has become a reality. Furthermore, the prospectus reveals that the ∞Cell 587Ah, ∞Cell 1175Ah, and ∞Cell N162Ah ESS battery cell products, as well as the ∞Power 6.25 MWh 2h/4h ESS system product, are all expected to achieve mass production in the second half of the year, which will lead to a continued significant increase in Hithium Energy Storage’s shipments in the latter half of the year.How to Evaluate the Investment Value of an “Evolving” Energy Storage Leader?Looking across the global capital markets, star technology stocks in mainstream markets have generally been favored by capital this year. The clear dominance of the growth style is underpinned by emerging industries, including new energy, which are gradually becoming critical drivers stimulating current economic growth, thereby guiding market consensus and capital flows.Given Hithium Energy Storage's strong growth DNA, its consistent delivery on growth expectations over the past few years, and its high growth visibility for the future, it is anticipated that the company will become a highly sought-after “hot commodity” in the new stock market after its listing on the HKEX.Reviewing its historical performance, Hithium Energy Storage achieved a compound annual growth rate of 89% in revenue from 2022 to 2024. The gross profit margin significantly jumped from 11.3% in 2022 to 17.9% in 2024. Concurrently, the net profit metric achieved a historic turnaround in 2024, reaching RMB 288 million. Over the same period, the company's metric of total assets minus current liabilities also grew annually, increasing from RMB 718 million in 2022 to RMB 1.701 billion in 2024, indicating a continuously optimizing balance sheet. Building upon the high-performance base of 2024, Hithium Energy Storage's core financial data continued its rapid advance in the first half of this year, strongly fulfilling growth expectations.A detailed analysis shows that Hithium Energy Storage’s proactive adjustment of its business structure and market strategy is also a key reason for the leap in its financial data. In terms of business structure, the company continues to promote the development of businesses with higher added value. According to data from the prospectus, the revenue from energy storage systems accounted for 18.3% of total revenue in the first half of this year, a significant increase from 7.9% in the same period last year. From a profitability perspective, the gross margin for the ESS System business was 29.7% in the first half, notably higher than the 9.7% gross margin for the ESS Battery business. The rising weight of high-margin business clearly had a positive impact on increasing the company's profits.Regarding its market strategy, as stated at the beginning of the article, Hithium Energy Storage has achieved global operations covering the entire value chain, guided by its globalization strategy. In 2024, the company's international revenue ratio historically rose to 28.6%. In the first half of this year, Hithium Energy Storage's revenue scale and revenue contribution ratio in Europe, the Middle East, Africa, Australia, and other countries and regions in Asia all significantly increased. All evidence indicates that Hithium Energy Storage's strategic move to establish advanced production capacity in the United States played an extremely critical role in the further scaling of the company's overall performance in the first half of this year. Currently, the company's strategy of building a diversified global market is accelerating in its effectiveness, and its reliance on any single regional market is significantly reduced.ZhiTong Finance believes that Hithium Energy Storage's track record has already proven it to be a company with deep growth DNA. Furthermore, considering the broad prospects of the energy storage sector and the company's long-term strategy of increasing its presence in international markets, the company's growth sustainability and visibility are excellent. Therefore, Hithium Energy Storage can be considered a high-potential stock in the energy storage field with significant long-term investment value. A company that aligns with market preference and investor expectations, upon its successful listing on the HKEX, is highly likely to be sought after by various capital sources. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Performance Highlights01. Revenue Exceeded RMB100 Billion in the First Three Quarters: The Group recorded revenue of RMB117.061 billion, net profit attributable to shareholders and other equity holders of the Company of RMB1.566 billion, and after excluding nonrecurring items, the net profit attributable to shareholders and other equity holders of the parent company amounted to RMB1.455 billion.02. Cash flow improved substantially: Net operating cash flow increased significantly by 510.19% year-on-year to RMB9.827 billion.03. Active Share Buybacks to Enhance Investor Confidence: This year, the Group successively launched an H-share repurchase plan of up to HKD500 million and an A-share repurchase plan of RMB300–500 million (inclusive). As of 30 October, the cumulative H-share repurchase amounted to approximately HKD190 million, involving about 25.79 million H-shares, and the cumulative A-share repurchase amounted to approximately RMB103 million, involving about 12.45 million A-shares.04. Offshore Engineering Business Saw Year-on-Year Improvement in Operating Efficiency: Benefiting from the continuous improvement in delivery efficiency and lean management, the operating performance recorded a year-on-year increase, achieving the goal of high-quality development. Within the third quarter, the P83 hull was delivered, marking the fourth FPSO delivered by the Group’s offshore engineering business.05. Energy & Chemical Segment Maintained Steady Growth: CIMC Enric’s overall orders on hand amounted to approximately RMB30.763 billion, representing a year-on-year increase of 10.9%, with shipbuilding orders booked through 2028. Benefiting from the unleashing of profit from the offshore clean energy sector, the incremental profit contribution from the COG-to-hydrogen co-production LNG project and the stable export of high-end low-temperature tanks overseas, achieved significant year-on-year increase in its reportable segment profit.06. Production and Sales Volumes of Container Manufacturing Business Remained at a Relatively Sound Level: The growth rate of global trade in goods remained resilient, the global container trade volume exceeded the expectation at the beginning of the year, coupled with factors such as Red Sea detour, port congestion, and environmental requirements for shipping, the container manufacturing business remained at a relatively sound level. The Group’s cumulative sales volume of dry cargo containers reached 1,801,800 TEUs, while cumulative sales of reefer containers increased by 64.35% year-on-year to 153,500 TEUs.HONG KONG, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) – China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited third-quarter results for the nine months ended 30 September 2025 (the “Period”).In the first three quarters of 2025, despite the uncertainty of the global trade environment, CIMC Group continued to promote business structure optimization and enhance operational efficiency, maintaining overall steady performance. During the Period, the Group’s revenue amounted to RMB117.061 billion, the net profit attributable to shareholders and other equity holders of the Company amounted to RMB1.566 billion; the cash flow improved substantially, the net operating cash flow increased substantially by 510.19% year-on-year to RMB9.827 billion.In terms of container manufacturing business, in the first three quarters of 2025, despite the influence of factors such as U.S. tariff policies and tense geopolitical situations, the growth rate of global trade in goods remained resilient. According to the forecast in September 2025 made by CLARKSONS, an authoritative industry analysis institution, the global container trade volume will grow by 3.0% year-on-year in 2025, exceeding the expectation at the beginning of the year. In the meantime, factors such as Red Sea detour, port congestion, and environmental requirements for shipping have further reduced container shipping efficiency, and maintained stable demand for containers. During the Period, the Group’s cumulative sales volume of dry cargo containers reached 1,801,800 TEUs (same period in 2024: 2,486,300 TEUs), maintained a sound level; meanwhile, driven by South American fruit exports, the demand for reefer containers saw significant growth during the Period, the cumulative sales volumes of reefer containers reached 153,500 TEUs (same period in 2024: 93,400 TEUs), representing a year-on-year increase of 64.35%.In terms of road transportation vehicle business, CIMC Vehicles recorded worldwide a total sales volume of various vehicles of 101,583 units, representing a year-on-year increase of 7.21%, and an aggregated revenue of RMB15.012 billion, continued to show a sequential recovery in the third quarter. In terms of semi-trailer business, domestic market, guided by the “StarChained Only” strategy, through enhancing order delivery efficiency and strengthening supply capabilities in centralized procurement, in the first three quarters, China’s semi-trailer business saw a year-on-year increase in revenue of 16.3% and in gross profit margin of 2.6 percentage points. The overseas market maintained strategic focus despite the disruption caused by tariffs, the semi-trailer business in the Global South achieved a year-on-year increase in revenue of 15.79%, in sales volume of 21.39%. The truck body business (including EV-DTB) achieved a revenue of RMB2,333 million in total, indicating a sound year-on-year increase, sustained focus on new energy products. The pure electric tractor and trailer business completed planning for the establishment of the EV-RT 2.0 product R&D and operation system, and completed prototype validation for two models: electric tractors and trailers for dump trucks, and electric tractors and trailers for mixers.The airport facilities and logistics equipment, fire safety and rescue equipment business demonstrated a rapid growth trend in revenue and profit. Growth in the airport facilities business was primarily attributable to the release and settlement of high-quality orders accumulated in earlier periods. The logistics equipment business completed and delivered the automated stereoscopic warehouse supporting the Petrochemical Refining and Chemical Integration Project (Phase I), a large-scale, technologically advanced facility in China’s chemical industry. Guided by the national Belt and Road policy, the fire safety and rescue equipment business drove domestic subsidiaries to expand into overseas markets proactively, undertook specialized research for multiple national and provincial-level projects, and deployed smart firefighting and unmanned fire truck technologies.In terms of logistics services business, against the backdrop of uncertain tariff policies and low freight rates, CIMC Wetrans achieved stable operating results and a substantial year-on-year improvement in cash flow through strengthened accounts receivable management, optimised capital turnover, and the streamlining of underperforming operations. During the Period, the company formally launched its strategic upgrade of “second entrepreneurship”, establishing three major business groups (BGs): Marine Logistics, Industrial Logistics, and Port Logistics, and accelerating the development of additional network nodes in the Middle East and Africa to cultivate new growth drivers. In the Comprehensive List of Freight Forwarding and Logistics Enterprises released by the China International Logistics and Freight Forwarding Association, CIMC Wetrans once again ranked among the top four, further solidifying its industry standing.In terms of energy, chemical and liquid food business, the main operating entity, CIMC Enric steadily achieved an overall revenue growth of 7.7% year-on-year to RMB19,348 million and an increase in net profit attributable to the parent company of 12.9% year-on year to RMB767 million. As of the end of September 2025, CIMC Enric’s overall orders on hand amounted to approximately RMB30,763 million, representing a year-on-year increase of 10.9%, in particular, shipbuilding orders have been booked through 2028; the accumulated new orders signed in the first three quarters amounted to RMB19,641 million, basically at a stable level. Specifically, Benefiting from the unleashing of profit from the offshore clean energy sector, the incremental profit contribution from the COG-to-hydrogen co-production LNG project and the stable export of high-end low-temperature tanks overseas, the revenue of the clean energy segment soared by 19.4% year-on-year to RMB15,037 million in the first three quarters of 2025; the revenue from the chemical and environment business declined year-on-year in the first three quarters of 2025; however, the early-invested medical-related business continued to perform well. The liquid food segment was affected by macroeconomic uncertainties, and project progress was delayed to some extent, resulting in a year-on-year decrease in revenue during the Period. Going forward, the segment will continue to focus on the domestic market, while reducing costs and enhancing the efficiency of overseas operations to accelerate project progress.In terms of marine engineering business, thanks to the continuous improvement in delivery efficiency and lean management, the operating performance recorded a year-on-year increase. In terms of project construction and delivery, the “CADWELL”, a 7,000 CEU car carrier built at Longkou Port, departed for delivery in July; the hull delivery ceremony for P83 was held at Yantai Port in August, marking the fourth FPSO delivered following the P71, P78 and P80 projects; and the Scarabeo 5 LNG FPU was delivered and dispatched for operations in the waters off Congo in September. In terms of the offshore engineering asset operation and management business, the Group’s leased offshore engineering assets operated normally in accordance with lease contracts during the Reporting Period, providing high-quality services to customers. At the same time, the Group continued to promote asset disposal in response to market changes. During the Period, leases for the sixth-generation semi-submersible drilling platform “Deepsea Yantai” were signed for five wells, injecting momentum into revenue growth. The seventh-generation ultra-deepwater semi-submersible drilling platform “Blue Whale No. 1” entered the fitting-out phase and has been preparing for the fulfillment of a new lease agreement. Meanwhile, through refined management and process optimization, the company’s operating costs decreased to some extent, effectively expanding profit margins and enhancing operating returns.The management of the Group stated, “Since the beginning of 2025, the global economic and trade environment has been complex and volatile. Adhering to its global layout strategy and commitment to technological innovation, CIMC Group has achieved steady development across all business segments. Looking ahead, the Group will continue to seize opportunities in new quality productive forces and green transformation, consolidate the foundation of its global operating platform, and promote high-quality and sustainable development, and embrace the manufacturing era of energy.”About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. In 2024, the Group recorded a revenue of RMB177.664 billion, with gross profit margin remaining at 12.52% and net profit of RMB4.195 billion. The Group was ranked 154th in the Fortune 500 China 2025. For more information, please visit http://www.cimc.com/. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) – A business delegation jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC) and led by Financial Secretary Paul Chan visited Riyadh, the capital of Saudi Arabia, from 27 to 31 October.The delegation attended the Future Investment Initiative (FII) Summit and met with senior government officials and business leaders to promote collaboration between Hong Kong and Saudi Arabia in areas, such as innovation and technology (I&T), smart city, AI, fintech and biotechnology, supporting the goals of Saudi Arabia’s Vision 2030.The visit successfully fostered exchange between Hong Kong and Chinese Mainland companies based in Hong Kong and their Saudi counterparts, deepened their understanding of the Middle East market and promoted Hong Kong’s unique role as a superconnector and super value-adder in global trade.Saudi Arabia is the largest economy in the Middle East, with a GDP of US$ 1.084 trillion in 2024. As of 2024, it is Hong Kong’s fourth-largest trading partner and third-largest export market in the region. Despite its vast oil reserves, Saudi Arabia’s Vision 2030 aims to reduce reliance on oil and transform the country into a private sector-led, open economy. The plan seeks to enhance national competitiveness and attract foreign investment, particularly in infrastructure, tourism and green energy.Saudi Arabia’s economic transformation presents new opportunities for Hong Kong and mainland enterprises. The composition of the delegation reflects the strong interest of both business communities in the Saudi market and highlights Hong Kong’s role as a key platform connecting international and mainland enterprises. The delegation comprised around 40 representatives from sectors, including I&T, smart cities, AI, fintech and biotechnology.On 28 October, the delegation attended the FII Summit opening ceremony and a key thematic discussion session, at which Financial Secretary Paul Chan shared Hong Kong's experience in promoting various public-private partnership models. He noted that the HKSAR Government is expediting the development of the Northern Metropolis as a new engine for economic diversification, a key base for I&T industries and a source of quality employment opportunities.”In addition to attending the FII Summit, the delegation held meetings with local chambers and institutions, including Saudi Awwal Bank, Saudi National Bank, Riyadh Chamber of Commerce and Industry and Saudi Chinese Business Council. They also visited major development projects, including Diriyah Gate Development Authority, Red Sea Global, the New Murabba smart city and The Garage technology park. These engagements facilitated exchange in investment, cross-border finance, market expansion, academic collaboration and professional services.A highlight of the visit was the Hong Kong–Saudi Arabia Business Dinner, which provided a valuable platform for in-depth discussions between Saudi enterprises and the delegation. The event fostered diverse collaboration opportunities and led to the signing of multiple memoranda of understanding (MoU) and cooperation agreements, covering areas, such as smart mobility, green energy, AI, robotics and digital transformation, laying a solid foundation for future partnerships.Anna Cheung, Assistant Executive Director of the HKTDC, said: “The HKTDC is honoured to co-organise this mission with the HKSAR Government. Led by the Financial Secretary, this visit to Riyadh has helped Hong Kong and mainland enterprises based in the city explore new business opportunities and further strengthen Hong Kong-Saudi economic ties.”She added that the HKTDC will continue to promote bilateral cooperation through exhibitions, forums, overseas missions and business matching activities, and looks forward to seeing more Saudi enterprises leverage Hong Kong as a gateway to the Chinese Mainland and the wider Asian market.Multiple MoUs and cooperation agreements were signed at the Hong Kong-Saudi Arabia Business Dinner on 30 October:Hong Kong Trade Development Council and Digital Cooperation OrganizationBeijing Yunji Technology Co., Ltd and Young Life Travel and Tourism Co., LimitedI2Cool Company Limited and Madar Building Materials Company LimitedMaphive Technology Limited and Arabian Business Machines Company, a subsidiary of Olayan Saudi Holding CompanyShenzhen RabbitPre Intelligence Technology Co., Ltd and HIBOBI Technology LimitedPhoto Download: https://bit.ly/4opjihuAnna Cheung, Assistant Executive Director of the HKTDC (third left, front row), and members of the business delegation attended the FII Summit opening ceremony and a key thematic discussion session on 28 October, at which Financial Secretary Paul Chan (fourth left, front row) delivered remarksGroup photo of the delegation’s visit to the Saudi National BankThe delegation held a bilateral meeting with the Riyadh Chamber of Commerce and IndustryThe delegation met with representatives of Diriyah Gate Development AuthorityThe Hong Kong-Saudi Arabia Business Dinner was held in Riyadh on 30 October, providing a platform for in-depth exchange between local enterprises and delegation members to explore collaboration opportunities. The event led to the signing of several multiple memoranda of understanding (MoU) and cooperation agreementsMedia enquiriesHKTDC’s Communication & Public Affairs Department:Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4569Email: sam.sy.ho@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.  Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

- Expansive 20,000 square feet centre featuring nearly 300 workstations in the prestigious One IFC.- Luxurious VIP Lounge and designer Members’ Lounge complemented by a fully serviced Barista Bar.- TEC's 13th centre in Hong Kong, reinforcing its leadership in premium flexible workspace solutions.HONG KONG, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) – The Executive Centre (TEC), a premium flexible workspace provider, is proud to announce the grand opening of its latest centre at Level 9, One IFC, an iconic address in the heart of Central Hong Kong. This new centre spans nearly 20,000 square feet and accommodates close to 300 workstations, marking a significant milestone as TEC’s 13th centre in the city.This new location epitomizes exclusivity and sophistication, offering a range of high-end amenities tailored to meet the diverse needs of modern professionals. Among its offerings are premium Private Offices, Manager Suites, and an exclusive luxury VIP Lounge designed for high-level meetings, complemented by two additional Meeting Rooms equipped with cutting-edge technology to facilitate seamless collaboration.Jennifer So, City Head of Hong Kong at The Executive Centre, remarked on the importance of this launch: “Since our inception in Hong Kong in 1994, we have strived to set the standard for premium flexible workspaces across Asia. Today, as we celebrate the opening of our new centre at One IFC during our 31st anniversary, we reaffirm our unwavering commitment to excellence. This centre is not merely a new location; it embodies our belief that a harmonious blend of luxury and flexibility is essential for providing our clients with a competitive edge in an ever-evolving business landscape. Our expansion here reflects our confidence in the Hong Kong market and our commitment to supporting businesses in this vibrant city.”The centre features a meticulously designed Members’ Lounge that boasts breathtaking panoramic views of Victoria Harbour, along with a fully serviced Barista Bar. The interior design, characterized by curve-inspired ceilings, a contemporary marble reception, and warm wooden accents, creates an inviting and inspiring atmosphere for all members.Additional highlights include:- A luxurious VIP Lounge that exudes a sense of ‘quiet luxury’ with designer furnishings and exquisite finishes.- Two contemporary Meeting Rooms equipped with cutting-edge technology and exceptional soundproofing for privacy and focus.- Over 2,000 square feet of elegantly appointed Event Space, ideal for hosting corporate events and networking functions.- A thoughtfully designed nursing room featuring a massage chair, catering to the needs of working parents.The Executive Centre at One IFC stands as a testament to TEC’s dedication to delivering best-in-class service and innovative workspace solutions, ensuring that members have access to an environment that fosters productivity and creativity.As TEC continues to expand its footprint in Hong Kong, the opening of this new centre at One IFC reinforces its position as a pioneer in the flexible workspace sector, committed to enhancing the professional experience for all its members.About The Executive CentreThe Executive Centre (TEC) is a premium flexible workspace provider, opened its doors in Hong Kong in 1994 and has over 240+ Centres in 37 cities and 15 markets.The Executive Centre caters to professionals and industry leaders. TEC has a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia. Each Executive Centre offers a prestigious address with the advanced infrastructure to meet the needs of its Members.Privately owned and headquartered in Hong Kong, TEC provides Private and Shared Workspaces, Business Services, and Meeting & Events facilities to suit its clients’ business' needs.www.executivecentre.comPress EnquiriesThe Executive CentrePebble LeePebble_lee@executivecentre.com / +852 3951 9888 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - October 30, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce a non-brokered private placement of flow-through shares and non-flow-through units for gross proceeds of up to C$10,000,000 (the "Private Placement"). Proceeds of the Private Placement shall be used to fund the current exploration program and general working capital. Proceeds of the sale of the FT Shares will be used for exploration work on its BC projects, particularly for the polymetallic Hat Project, located in northwestern BC. This work includes drilling, geological advisory and analytical services as well as other development work and other "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada) (the "Tax Act")).The flow-through portion of the Private Placement will consist of up to 5,000,000 flow-through Shares ("FT shares ") at a price of $1.00 per FT share for up to C$5,000,000.Additionally, the Company will issue up to 7,142,857 hard dollar units ("non-FT Units") at a price of $0.70 per non-FT Unit, for up to C$5,000,000. Each non-FT Unit will consist of one common share and one full Warrant at an exercise price of $1.00 for 24 months from the date of issue. Each Warrant shall be subject to an accelerated expiry date at the option of the Company in the event the ten (10) day volume-weighted average price of the common shares of the Company on the TSXV for any ten (10) consecutive trading days is $1.25 or more.Pursuant to applicable Canadian securities laws and in accordance with the TSX Venture Exchange policies, all securities issued under this Offering will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four-months and one day from the date of issuance. In connection with the Private placement, Doubleview may pay a finder's fees in accordance with the policies of the TSXV consisting of cash and/or finder's shares.The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture ExchangeAbout Doubleview Gold CorpA mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: A1W038) and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:Open Pit Model HatResource CategoryTonnageAverage GradeMetal ContentCuEqCuCoAuAgCuEqCuCoAuAgMt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand ozIn PitIndicated1500.4080.2210.0080.190.421,353733289292,045Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575 Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.For further details, please refer to the Company's July 25, 2024 news release.Qualified Person:Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:Doubleview Gold CorpVancouver, BC Farshad ShirvaniPresident & CEOT: (604) 678-9587E: corporate@doubleview.caNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company's plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272690 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com