Latest news with #EQSNewswire
The Sun
12 hours ago
- Business
- The Sun
SY Holdings Establishes Singapore International Headquarters to Explore Web3.0 Ecosystem and Innovative Applications of Stablecoins
SHENZHEN, CHINA - EQS Newswire - 29 July 2025 - SY Holdings Group Limited ('SY Holdings' or the 'Group,' stock code: an 'AI + industrial supply chains' digital intelligence technology company, announced the official designation of its Singapore subsidiary, SY INTELLECTHUB as its international headquarters. SY Holdings will continue to intensify its efforts in expanding international markets. The Singapore International Headquarters will deepen global industrial supply chain connectivity, explore innovative applications of Web3.0 and stablecoins, support small and medium-sized enterprises (SMEs) in going global, and provide them with one-stop international order matching and working capital facilitation services. Against the backdrop of an increasingly complex and volatile international macro-environment, the global supply chain ecosystem is undergoing profound adjustments, with traditional supply chain decoupling points becoming increasingly unbalanced. Cross-border payment processes are lengthy; exchange rate fluctuations are severe; and compliance reviews are cumbersome—these overlapping factors have significantly increased logistics and capital costs, prolonging overall delivery cycles. SY Holdings aims to become an integral part of the supply chain, using its Singapore International Headquarters as a core hub to actively explore cutting-edge technologies such as Web3.0 and stablecoins. This will better assist SMEs in finding orders, securing financing, and fulfilling contracts, thereby building a one-stop international supply chain technology platform to enhance global supply chain resilience and sustainable growth. With the reshaping of global value chains and the upgrading of China's supply chains, going global has become an essential path for Chinese enterprises and brands to grow stronger. Singapore, as a global financial, trade, and shipping hub, boasts a well-developed financial system, a strategic geographical location, and an extensive business network, making it the preferred destination for Chinese companies looking to expand into Southeast Asia and beyond. As an international enterprise controlled by Singaporean capital, SY Holdings also received strategic investment from Temasek, Singapore's sovereign wealth fund, in 2018. Through strategic partnerships and investments with leading enterprises in Singapore, the Philippines, Indonesia, and other countries, the Company has actively explored and expanded its international business. Simultaneously, SY Holdings has been deeply involved in commercial cooperation projects between China and Singapore, including the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity. The establishment of its Singapore subsidiary as the international headquarters marks a new phase for SY Holdings in pioneering international innovation, connecting global markets, and supporting SME development, while laying the groundwork for embracing the Web3.0 ecosystem and exploring stablecoin applications in international supply chains and cross-border payments. In 2024, China's foreign trade exceeded RMB 43 trillion for the first time, maintaining its position as the world's largest goods trading nation for the eighth consecutive year. The 'Chinese Enterprises Going Global Insights and Global Trends Outlook Report' released by Shine Global noted that over 700,000 enterprises are currently attempting or planning to expand overseas. Among them, 55% of surveyed companies have incorporated global expansion into their strategic plans, while 31% consider it a core strategy. The 'Chinese Enterprises' Outbound Investment Status and Intentions Survey Report' by the China Council for the Promotion of International Trade further revealed that over 80% of respondents plan to expand or maintain their foreign investments. However, market access barriers, channel connectivity challenges, capital turnover efficiency, exchange rate volatility risks, and the complexity of cross-border payment settlements remain major bottlenecks hindering the globalization of Chinese enterprises. Since entering the Chinese market, SY Holdings has not only deepened its presence in traditional sectors such as infrastructure, pharmaceutical and healthcare, and commodities but has also actively expanded into strategic emerging industries like e-commerce, robotics, and AI applications. Adhering to a platform-based development strategy, the Company leverages technologies such as AI Agent to connect industrial ecosystems and data elements, having assisted over 19,000 Chinese SMEs in securing more than RMB 270 billion in order matching and capital turnover services. Based on its deep integration with China's industrial ecosystem, SY Holdings has keenly identified the growing global expansion demands of Chinese SMEs and the vast market potential behind them, swiftly establishing this as a new growth driver for its international business. For example, in e-commerce, SY Holdings has formed strategic partnerships with leading Southeast Asian e-commerce platforms. Leveraging its accumulated international market resources, the Company provides one-stop international supply chain solutions for Chinese SMEs to 'sell globally and open stores worldwide.' Through AI and big data analytics, SY Holdings assists Chinese merchants in accurately identifying potential market opportunities in Southeast Asia, offering tailored localization strategies and matching working capital based on transaction orders to help them generate greater revenue in international markets. Chinese SMEs commonly face pain points in cross-border payment settlements during globalization. Under traditional cross-border payment models, transactions must undergo multi-tiered correspondent bank clearing and settlement, with identity verification and compliance reviews required at each step. The process is cumbersome and time-consuming, failing to meet the timeliness demands of trade in the digital era. Additionally, layered fees—including handling charges, exchange fees, and service fees—significantly increase trade costs. According to World Bank statistics, as of Q3 2024, the average global remittance fee was 6.62% of the transaction amount, with settlement times ranging from 1 to 5 business days. In contrast, stablecoins, as emerging payment and settlement tools pegged to fiat currencies, enable peer-to-peer transfers via blockchain technology, achieving instant 'payment-as-settlement' clearing while reducing costs to as low as 0.1%. Notably, stablecoins inherently offer exchange rate hedging, effectively mitigating currency volatility risks in cross-border trade. SY Holdings plans to explore innovative applications of stablecoins in international supply chain capital turnover services to enhance efficiency, reduce cross-border payment costs, and hedge against exchange rate risks, thereby delivering a 'more, faster, better, and cheaper' customer experience. SY Holdings stated: 'Singapore is a critical hub connecting China and the world. Establishing our international headquarters in the Lion City is not only due to its unparalleled geographical advantages but also its mature tech ecosystem and pro-globalization ethos. As a top-tier global financial center, Singapore boasts robust financial infrastructure and a strong regulatory framework. Building on these regulatory advantages, Singapore has become a hotbed for the thriving Web3.0 ecosystem in Asia and beyond. Previously, the Monetary Authority of Singapore (MAS) introduced a stablecoin regulatory framework, making it one of the first jurisdictions globally to incorporate stablecoins into local oversight. Moving forward, SY Holdings will use Singapore as a springboard for international expansion while actively exploring full integration into the Web3.0 industrial ecosystem. We aim to innovatively merge stablecoins, real-world asset tokenization (RWA), and traditional supply chain assets to 'build bridges and pave the way' for Chinese SMEs' global expansion, helping them better integrate into global industrial supply chains through 'order and capital matching' services.'
The Sun
16-07-2025
- Business
- The Sun
SY Holdings Issues Positive Profit Alert for 1H 2025: Net Profit Expected to increase by approximately 20%, Platform-Based Tech Revenue Share Surpasses 50%
SHENZHEN, CHINA - EQS Newswire - 16 July 2025 - SY Holdings Group Limited ('SY Holdings' or the 'Group', Stock Code: a leading digital-intelligence technology company focused on 'AI + Industrial Supply Chains', today announced a positive profit alert for the six months ended 30 June 2025. Net profit is expected to rise by approximately 20% year-on-year. The expected increase is mainly attributable to the following: 1. STEADY GROWTH IN PLATFORM SCALE Through its platform-based development strategy, SY Holdings leverages cutting-edge technologies such as AI Agent to deeply connect industrial ecosystem and data network. By capitalizing on its differentiated risk control model featuring 'transaction-focused, entity-light', SY Holdings delivers 'abundant, fast, high-quality and cost-effective' platform-based services to support clients' needs in working capital. As at 30 June 2025, the Platform has cumulatively facilitated over RMB277 billion in working capital solutions for its clients, representing a year-on-year growth of over 29%, while the cumulative number of clients served exceeded 19,100, with a year-on-year growth of over 14%. Among them, small and medium enterprises ('SMEs') clients accounted for over 97% of the total, with first-time borrowers making up more than 30%. The Platform has also helped clients reduce financing costs by at least 30%. 2. RISING SHARE OF PLATFORM-BASED TECHNOLOGY SERVICES REVENUE Through its self-developed 'SY Cloud Platform' (the 'Platform'), SY Holdings has built an efficient intelligent bridge between the industrial and capital sides, accelerating the expansion of its asset-light operating model. On this basis, the company's platform-based facilitation business accounted for 88% of total volume, while the proportion of revenue contributed by platform-based technology services has exceeded 50%. As of 30 June 2025, the Platform has connected with over 180 funding partners, representing a year-on-year increase of more than 30%. The Platform has become a key strategic partner for financial institutions in advancing their inclusive finance initiatives. 3. BREAKTHROUGH IN AI COMMERCIALISATION The Platform is deeply integrated with open-source artificial intelligence ('AI') large models such as DeepSeek, Qwen and Doubao. Having undergone training and optimization with high-quality industrial data, the Platform can intelligently match project orders and procurement information based on clients' product characteristics, sales records, production capacity and performance. Meanwhile, leveraging its industrial ecosystem and international market networks, SY Holdings assists ecosystem participants in precisely connecting with overseas demand, enabling them to efficiently carry out marketing, customer acquisition, opportunity seizing, and accelerating their integration into the global industrial supply chain. As of June 30, 2025, SY Holdings leveraged AI technology to deliver value-added services to its clients. Notably, by using AI agents to support clients in securing orders, SY Holdings achieved its first milestone of generating over RMB400,000 revenue through AI-assisted order acquisition. 4. E-COMMERCE: A NEW GROWTH DRIVER SY Holdings has successfully achieved a breakthrough from scratch in the new e-commerce sector in a short period of time. The company have successfully established a presence on five top-tier e-commerce platforms, unlocking a market with potential exceeding RMB10 trillion and access to over 10 million merchants. Leveraging its robust data connectivity and processing capabilities, SY Holdings empowers emerging businesses by providing actionable insights into key metrics such as sales performance, traffic trends, and inventory turnover. This enables merchants to stay ahead of the curve, predict consumer demands, and identify potential bestsellers with precision. Meanwhile, the company offers flexible working capital facilitation services based on real-time transaction data, helping merchants capitalize on every opportunity to drive growth and create blockbuster products. Additionally, SY Holdings has introduced Be Friends Holding Limited (Stock Code: 1450) as a strategic investor, enabling a rapid entry into the live-streaming e-commerce space. As at 30 June 2025, the cumulative amount of working capital facilitation in e-commerce segment has exceeded approximately RMB2.8 billion, representing an almost eightfold growth year-on-year. 5. AI-DRIVEN EFFICIENCY BOOST By harnessing the data processing and logical reasoning capabilities of AI large models, combined with ample computing power support from Wuxi Economic Development Zone, SY Holdings integrates and analyses vast volumes of unstructured data such as contracts, documents and public opinions in real time, dynamically generating the enterprise and transaction profiles. This significantly enhances risk control efficiency and avoiding transaction fraud risks. With the strategic investment from a subsidiary of XtalPi Inc. (Stock Code: 2228), SY Holdings receives strong technical support for the development of industrial AI Agents, while deploying innovations such as AI-powered document classification and smart contract review to drive cost reduction and efficiency improvements in collaboration with ecosystem partners. As at 30 June 2025, the per capita working capital facilitated for clients grew by nearly 27%. 6. VENTURING INTO THE ROBOTICS FRONTIER SY Holdings is a digital intelligence technology company focusing on 'AI + Industrial supply chain'. In the face of the continuously growing service demand, the company is actively expanding into new tracks such as e-commerce, robotics and AI applications, it aims to assist SMEs in both precisely matching orders and providing differentiated working capital facilitation services. In the robotics sector, SY Holdings has established a strategic collaboration with Stand Robots (Wuxi) Co., Ltd. which is one of the global leaders in industrial intelligent robotics. This forward-looking initiative positions us to swiftly enter emerging industries, laying a solid foundation for sustained growth and innovation over the next the same time, SY Holdings continues to increase research and development investment and talent cultivation, and has obtained nearly 90 national invention patents and computer software copyrights, covering areas such as data verification, repayment prediction and risk control models. Up to now, SY Holdings has maintained profitability for 11 consecutive years and implemented a high dividend policy for 7 consecutive years, and has committed to a dividend payout ratio of not less than 90% conduct declaration and payment of dividends with payout ratio of no less than 90% for the financial years ending 31 December 2025 and 31 December 2026. Including the special dividend, the total dividend payout for the financial years ending 31 December 2025 is expected to reach approximately RMB950 million, implying a dividend yield exceeding 8.5%. Moving forward, SY Holdings will strengthen its industrial ecosystem and data connectivity, continuously enhancing the commercialization of AI Agent and its platform-based technology service capabilities.
The Sun
03-07-2025
- Business
- The Sun
Pangaea Connectivity announced FY2025 Results: Revenue increased 53.8% to HK$2,128,200,000 driven by AI-Optimized Connectivity and Green Energy Technologies
HONG KONG SAR - EQS Newswire - 3 July 2025 - Pangaea Connectivity Technology Limited ('Pangaea' or the 'Company', together with its subsidiaries, the 'Group', stock code: 1473), a key player in the advanced connectivity segment, is pleased to announce its annual results for the fiscal year ended March 31, 2025. The Group achieved a historic milestone with record revenue of HK$2,128,200,000, representing a 53.8% year-on-year growth. This exceptional performance underscores the Group's success of its strategic initiatives and business focus in AI-optimized connectivity, renewable energy technologies, and next-generation wireless solutions, despite persistent global trade challenges. Three Core Technologies Fueling Growth The Group's success stems from three technological pillars: AI-Optimized Optical Connectivity, and High-Power Laser and Next-Gen Wireless Communication. Amid the explosive growth of artificial intelligence (AI) and high-performance computing (HPC), the Group's 800G/1.6T Linear-drive Pluggable Optics (LPO) technology solution has emerged as a game-changer. By eliminating power-hungry digital signal processing (DSP) chips found in traditional optical modules, LPO delivers power savings while maintaining ultra-low latency—making it a critical enabler for AI data center upgrades. The Xi'an Industrial Laser Service Center has developed to be a hub for supporting the innovation in high-power laser processing for solar back-contact (BC) battery manufacturing. Renewable energy technologies are advancing rapidly, particularly in solar BC battery manufacturing where the Group's high-power laser systems deliver unparalleled processing efficiency and precision working alongside the market existing generation of TOPCon (Tunnel Oxide Passivated Contact) and N-type technologies. The Group's early-mover advantage has recognized by leading global energy players. The same high-power laser innovations are also revolutionizing PCB and semiconductor manufacturing through faster, more energy-efficient processing. In wireless connectivity, the Group's pioneering WiFi8 products are expected to deliver multi-gigabit speeds, ultra-low latency, and enhanced network efficiency, making it ideal for smart factories, autonomous vehicles, and immersive digital experiences. By collaborating with leading suppliers and end users, the Group aims to be an early adopter and enabler of this transformative standard. Global Expansion Strengthens Supply Chain Resilience To navigate geopolitical challenges, the Group has expanded its smart logistics hubs in Wuhan and Shenzhen, enabling faster response times and reduced lead times for critical components. Our 24/7 technical support and maintenance services further strengthen customer trust and satisfaction. Southeast Asia represents a key growth market, with Singapore, Malaysia and Vietnam investing heavily in 5G/AI infrastructure, the Group has been engaging with few regional infrastructure developers. Outlook: Leading at the Nexus of AI and Green Energy Looking ahead, Pangaea's commitment to innovation, operational excellence, and supplier/customer collaboration ensures the Group is well-positioned to capitalize on the recent and upcoming trends. The technological expertise of the Gorup in the high-growth sectors - LPO for AI infrastructure, advanced high-power laser applications, and next-gen wireless – well positions the Group for sustainable long-term growth in the evolving tech landscape. Mr. Fung Yui Kong, Chairman, CEO, and Executive Director of Pangaea Connectivity Technology Limited, said, 'Our record performance proves the power of converging AI and green energy technologies, as we enter the 1.6T era for AI infrastructure and the mass adoption of BC solar technology, Pangaea is uniquely positioned to drive sustainable technological transformation.' The chairman emphasized that, 'Global AI data center growth has created unprecedented opportunities. We've actively advanced AI development, recognizing rising demand for AI-enabled communications devices in data centers and HPC environments. Our products meet AI's stringent requirements , and are driving innovation. As AI demand surges, our connectivity solutions play a pivotal role. Moving forward, we'll intensify investment to deliver high-performance, efficient and scalable products, strengthening our market leadership and technological edge.' About Pangaea Connectivity Technology Limited Founded in 1990, Pangaea Connectivity Technology Limited is an innovative technology company. The Company focuses on four major market sectors, namely AI HPC (High Performance Computing), Green Energy (Industrial Lasers), Wi-Fi and IoT Connectivity, and Telecommunication Infrastructure. In recent years, the Company has been actively involved in the field of artificial intelligence (AI) and green initiatives, and is committed to capitalizing on the rapidly evolving generative AI technologies to drive cross-industry transformative outcomes. Meanwhile, as part of its commitment to sustainability and green initiatives, the Company has pioneered the development and utilization of industrial laser processing technology for solar photovoltaic (PV) panels application.
The Sun
02-07-2025
- Business
- The Sun
Drug & Medical Device & Aesthetics, 肌顏態 was displayed at the CSD2025, The GeneQueens and 金因敷 launch was grandly held in Changsha
HONG KONG SAR - EQS Newswire - 2 July 2025 - On June 27, 2025, Uni-Bio Science Group Limited (the 'Group')grandly held a new medical aesthetics product launch event in Changsha, releasing the high-end series GeneQueens of 肌顏態® and the medical device brand 金因敷®. Many experts, KOLs and partners attended the event. This launch not only showcased the Group's achievements in R&D, but also marked the comprehensive layout in the 'drug, medical device and Aesthetics' field. 1、 High-end medical aesthetics: GeneQueens series At the launch, the Group unveiled the high-end series of 肌顏態® -——GeneQueensTM (Human-Sequence Triple Protein Repair & Balance Ampoule). which functions on skin repair and anti-aging. By activating cell regeneration, it helps users restore their youthful and healthy skin condition. GeneQueensTM sets a new standard for anti-aging and repair by adding three core ingredients in sufficient quantities. Skbrella FN, as a key ingredient for cell repair, can accelerate the healing of skin wounds and promote the adhesion and migration of new cells. III Collagen strongly fills the skin structure, significantly enhancing elasticity and firmness. XVII Collagen can strengthen the connection between the epidermis and dermis, and consolidate the youthful foundation of the skin. In addition, GeneQueens adopts a sterile and preservative-free formula, relying on high-purity raw materials and patented technology, providing users with an 'instant enjoyment' precise and efficient experience. Its unique formula and outstanding efficacy were highly recognized by many experts on the spot. 2、金因敷 showcased a variety of new products Meanwhile, the Group also launched several new products of its medical device brand - 金因敷®, focusing on the professional repair field of medical aesthetics. 金因敷® complies with strict clinical trials and quality inspections to ensure its safety and effectiveness. The product adopts a high-purity non-allergenic formula, which can moisturize and accelerate wound repair. It also uses an exclusive cooling technology to relieve postoperative swelling and pain, providing a professional solution for sensitive skin and post-medical procedure care. 3、The latest research data was presented at CSD2025 It is worth mentioning that 肌顏態® also showcased the research data of 'The Efficacy Study of Fibronectin in the Repair of Skin Barrier Damage for the post-medical procedure' jointly conducted with the Cosmetics Testing Center of the Dermatology Hospital of Southern Medical University in the poster area of the 30th Academic Conference of the Chinese Medical Association (CSD2025). This is not only an endorsement of the Group's research capabilities, but also provides experts and scholars in the industry with an opportunity to gain a deeper understanding of the 肌顏態® technology and products. As an annual grand event in the field of dermatology and venereology in China, CSD2025 brings together authoritative experts and scholars in dermatology across the country, presenting multi-dimensional academic achievements and exchanges of ideas. The poster area is one of the core venues of the academic annual conference. Posters are not only an important way for researchers to showcase their scientific research achievements, but also a key link in promoting the dissemination of academic ideas and the feedback of clinical practice. 4、Academic speeches by several experts Several clinical experts at the launch further recognized the significant clinical value of 肌顏態® and 金因敷®. The experts highlighted that 肌顏態®' s patented ingredient, Skbrella FN, demonstrates immense potential in improving damaged sensitive skin barriers, reducing inflammatory erythema, alleviating discomfort sensations such as burning, tightness and itching, as well as enhancing post-laser repair and healing. In the clinical observations over the past few months, many patients treated with 肌顏態® have achieved remarkable therapeutic effects. The symptoms of anesthetic allergy have been rapidly relieved, the inflammatory pigmentation post-laser has significantly improved, the skin barrier has been repaired, and the patient satisfaction rate is extremely high. 金因敷® can effectively reduce redness, swelling and pain for post-medical procedures, accelerate wound healing and shorten the recovery time. Photo 1: 肌顏態 use case sharing by Professor Shi Ge, Director of the Department of Plastic Surgery of the Sixth Affiliated Hospital of Sun Yat-sen University; Photo 2: 肌顏態 use case sharing by Professor Ge Lan, from The First Affiliated Hospital of Army Medical University; Photo 3: Fibronectin clinical trial results sharing by Professor Ye Li, Head of Cosmetics Testing Center at Dermatology Hospital of Southern Medical University; Photo 4: Mr. Du Wei, CEO of Cosmetics News & Cosmetics Business Online, analyzes cosmetics industry development trends 6、The signing ceremony reflects the market potential Mr. Zhao Zhigang, CEO of Uni-Bio Science Group, emphasized: ' We have always adhered to the standards of biopharmaceuticals in creating skin care products. The release of GeneQueens and 金因敷 is an important milestone in building the 'Drugs, Medical device and Aesthetics' strategy and creating a full-cycle skin care solution, aiming to meet consumers' increasingly refined skin health needs. ' Furthermore, Ms. Liu Yihua, President of Global Cosmetics Group, attended the launch as an important guest. Uni-Bio Science Group and Global Cosmetics Group have jointly established a medical research co-creation biological platform. Utilizing gene-editing biosynthesis technology, the platform has launched Skbrella FN – a highly bioactive recombinant human fibronectin known as '皮優理'. The launch also witnessed a grand strategic signing ceremony. The Group has achieved in-depth cooperation with many well-known medical aesthetics chain institutions and well-known agents. This signing is not only a high recognition of the quality and market potential of GeneQueens and 金因敷®, but also a key step for the Group to accelerate commercialization and expand channels. Through strong alliances with leading channel partners, the Group will reach the core consumers and ensure the rapid release of huge commercial value. The successful holding of this launch not only marks a crucial step for the Group in medical aesthetics and medical devices, but also demonstrates the Group's in-depth layout and forward-looking vision in the 'Drugs, Medical device and Aesthetics' strategy. In the future, the Group will continue to be guided by technology and oriented towards clinical value, accelerate product innovation and technological upgrading, constantly enrich pipeline, and meet the growing market demands.
The Sun
09-06-2025
- Business
- The Sun
Unity Group Unveils World's First ESG Light Certified for Carbon Credits, Delivering Nearly 90% Energy Savings
HONG KONG SAR - EQS Newswire - 9 June 2025 - As sustainable development continues to gain momentum worldwide, the carbon emissions market presents immense growth potential. Hong Kong-listed Unity Group Holdings International Ltd (Unity) ( recently unveiled the world's first ESG Light certified for carbon credits. Its continued promotion will support global sustainability efforts while unlocking substantial growth opportunities for the company. Unveiling World's First ESG Carbon-Credit Light At the Carbon Credit and ESG Ecosystem 2025 Conference held at Universiti Putra Malaysia, Synergy ESCO, the Malaysian subsidiary of Unity Group, unveiled the world's first ESG Light certified for carbon credit eligibility. Appearing like a conventional lighting fixture, the ESG Light integrates advanced energy-saving technologies, offering ultra-high energy efficiency and an exceptionally long lifespan. Operating at 4.5 watts, it delivers an estimated 89% energy savings compared to traditional lighting. Its projected lifespan is 180,000 hours. It could function for approximately 40 years based on 12 hours of daily use. Its greatest advantage is to generate carbon credits. Synergy can claim corresponding carbon emission rights and trade them in the carbon market, making such product a valuable financial asset. Unity Group plans to partner with the Selangor State Government in Malaysia on the Green One Day community programme, retrofitting 6,000 apartment units with its ESG Lights. It is expected to reduce carbon emissions by approximately 25 million tons of CO₂, equivalent to the carbon absorption capacity of 630 million trees. Over the next decade, Unity Group stands to benefit from the ongoing generation of carbon credits under this project. Unity Group operates across a range of sectors, including independent energy-saving solutions, renewable energy, and ESG-driven digital vertical indoor farming. It is also the first company to implement carbon credit management. Through the promotion of such product, it is driving large-scale energy savings and emissions reductions, while generating revenue through carbon trading. The launch of this light marks an important milestone for Unity Group. Expanding Multi-Sector Adoption to Advance Sustainable Development The concept of sustainable development is gaining widespread momentum. To meet their sustainability goals, countries are ramping up efforts to promote and adopt a variety of energy-saving and emission-reduction technologies and products. Take China for example,clean energy sources like wind and solar power are experiencing rapid growth. In the first quarter of this year, the installed capacity of wind and solar energy surpassed that of coal-fired power for the first time. Malaysia has also set a net-zero emission target, committing to achieving carbon neutrality by 2050. It is working to significantly increase its share of renewable energy consumption to meet this goal. In February 2022, Unity Group undertook a large-scale energy-saving project in Selangor, Malaysia. It aimed to improve lighting efficiency in residential buildings by installing ultra-high-efficiency lighting systems. The total energy savings generated during the contract term will be converted into revenue. Besides, Unity Group plans to integrate its ESG Lights into digital ESG agriculture. This project is expected to cut energy consumption by 70% while increasing crop yields tenfold. Once this model is implemented, it will unlock significant growth potential for Unity Group. Adoption of related products across various sectors will also contribute to global sustainable development. Today, Unity Group's operations span Malaysia, Chinese Mainland, Hong Kong, Japan, Indonesia, the Middle East, South Africa, and other regions. Unity Group is also actively pursuing a listing in Malaysia, which could make it the first Hong Kong-listed firm to achieve such a dual listing in Malaysia.
