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Shoucheng Holdings (0697.HK) Combines Dividends and Share Buybacks in Tandem, Returning Approximately HK$6.877 Billion to Shareholders Over Eight Years

Marie Jones
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Shoucheng Holdings (0697.HK) has continued to step up returns to shareholders. Data shows that since Chairman Zhao Tianyang took office in 2018, the company has returned approximately HK$6.877 billion to shareholders in total, including HK$5.98 billion in cumulative dividends (including announced but not yet distributed dividends for 2026) and HK$897 million in cumulative share buybacks. The parallel implementation of dividends and buybacks demonstrates that, while continuously improving its operating quality, the company is also steadily strengthening its tangible cash returns to investors.

Behind Shoucheng Holdings’ high level of shareholder returns lies the support of solid business fundamentals. Looking over a longer time horizon, since Chairman Zhao Tianyang assumed office in early 2018, the company’s total assets have grown from HK$8.186 billion to HK$15.57 billion, representing an approximately 1.9-fold increase over eight years and a compound annual growth rate of about 8.37%. Net profit attributable to shareholders increased from HK$57 million to HK$310 million, or about 5.4 times. This indicates that during the company’s strategic transformation, its profitability, asset depth, and capital market value have all improved continuously, laying a solid foundation for sustained dividends, buybacks, and business expansion. Meanwhile, the company’s financial structure has continued to improve. The latest annual report shows that in 2025, the ratio of net cash flow from operating activities to total assets increased by 98% year-on-year, while the asset-liability ratio fell to 28.4% and the interest-bearing debt ratio declined to 6.2%. This means that the company’s current high level of shareholder returns is not built on high-leverage overextension, but rather on proactive returns supported by an improved asset structure, stronger cash flow, and steady growth in its core businesses.

As its operating fundamentals continue to strengthen, Shoucheng Holdings has also been increasing the intensity of its shareholder returns. According to the latest annual report, the board has decided to declare total annual dividends of HK$780 million, corresponding to a dividend yield of about 5.6% based on the company’s average annual market capitalization. As a cross-market reference, the dividend yield of the Hang Seng Index stood at 2.94% as of February 27, 2026. Shoucheng Holdings’ payout level is therefore clearly above this market benchmark, making it particularly attractive in the current Hong Kong stock market environment, where investors are placing greater emphasis on certainty of returns.

In addition to continuous dividend payments, Shoucheng Holdings has also noticeably accelerated its share buyback efforts recently. According to the company’s latest disclosure, as of April 2, 2026, it had conducted 28 buybacks during the year, repurchasing a total of approximately 119 million shares for an aggregate amount of about HK$223 million. Since March 30 alone, the company has implemented buybacks on four consecutive trading days, with a cumulative repurchase amount of about HK$94.74 million. The clearly accelerated pace of recent buybacks not only reflects management’s recognition of the company’s long-term value, but also further reinforces the company’s proactive commitment to continuously rewarding shareholders and stabilizing market expectations.

In the current market environment, listed companies capable of sustaining high-level dividends while simultaneously carrying out share buybacks are relatively rare. On the one hand, Shoucheng Holdings continues to enhance shareholder returns through dividends and buybacks; on the other hand, it is steadily consolidating its operating foundation through its dual core businesses of asset operations and industrial funds, gradually forming a virtuous cycle of “improving operations, deepening cash resources, and enhancing shareholder returns.” As the company continues to deliver on its shareholder return mechanism, its long-term investment value is expected to become increasingly evident.

Formerra Announces Global Price Increase

Marie Jones
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 Formerra, a leading distributor of performance materials, today announced a global price increase of $0.02 / lb on all products. The increase addresses higher operating costs related to rising material costs, exacerbated by the conflict in the Middle East. The adjustment goes into effect on April 15, 2026, or as contracts otherwise allow. Formerra remains committed to maintaining ample inventory levels and the service excellence our valued customers deserve.

Customers should contact their Formerra representative for additional information.

About Formerra
Formerra is a preeminent distributor of engineered materials, connecting the world’s leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways – driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.

Media Contact
Jackie Morris
Formerra
Marketing Communications Manager
jackie.morris@formerra.com
+1 630-972-3144

SOURCE: Formerra

U.S. Polo Assn. and ESPN Champion the Iconic USPA Gold Cup at the USPA National Polo Center, Hosted by Legendary Commentator Chris Fowler

Marie Jones
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USPA Gold Cup Finals to Air on ESPN and Global Polo Platforms

U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), proudly supported the USPA Gold Cup® at the USPA National Polo Center (NPC) in Wellington, Florida on April 5, 2026, Easter Sunday in front of a record crowd at the U.S. Polo Assn. Stadium Field.

2026 USPA Gold Cup Winners, Team Pilot (#1 Curtis Pilot – 0, #2 Mackenzie Weisz – 6, #3 Lorenzo Chavanne – 7, #4 Camilo ‘Jeta’ Castagnola – 10) on stage with iconic trophy at the USPA National Polo Center – Wellington, Florida

Cousins, but rivals on the field – Pilot’s Camilo ‘Jeta’ Castagnola and La Dolfina Scone’s Poroto Cambiaso battle for the ball at the 2026 USPA Gold Cup Final

Photo Credit: Augustina Fonda

As the second most prestigious tournament in the United States and a critical leg of the Gauntlet of Polo®, the USPA Gold Cup brings together the sport’s top players and elite equine athletes in one of the most competitive and anticipated events of the winter polo season, leading up to the U.S. Open Polo Championship®.

Further elevating the tournament’s global stage, the USPA Gold Cup Final was hosted by legendary ESPN commentator Chris Fowler and broadcast across multiple ESPN platforms, bringing one of the sport’s premier championships to millions of sports fans worldwide. Fowler was joined alongside veteran broadcasters Kenny Rice and Polo Hall-of-Famer Adam Snow. Additional distribution of the tournament Final can be found on Global Polo’s YouTube channel. Check local listings for specific airtimes.

USPA Gold Cup® Final at a Glance:

  • Final Matchup: Pilot (#1 Curtis Pilot – 0, #2 Mackenzie Weisz – 6, #3 Lorenzo Chavanne – 7, #4 Camilo ‘Jeta’ Castagnola – 10) vs. La Dolfina Scone (#1 David Paradice – 0, #2 Rufino Merlos – 6, #3 Jesse Bray – 7, #4 Poroto Cambiaso – 10)
  • Date: April 5, 2026
  • Location: USPA National Polo Center, Wellington, Florida, on the U.S. Polo Assn. Stadium Field
  • Final Score: 10 (Pilot) – 6 (La Dolfina Scone)
  • MVP: Lorenzo Chavanne (Pilot)
  • Best Playing Pony: V8 Tyson, ridden by Lorenzo Chavanne
  • Best Playing Pony, Argentinian Bred: Open Texas, ridden by Lorenzo Chavanne
  • U.S. Polo Assn. Sportsmanship Award, Presented by YETI: Curtis Pilot (Pilot)
  • Charity Beneficiaries: Replay Polo (La Dolfina Scone) and Work To Ride (Pilot)
  • Broadcast: ESPN Platforms (Hosted by Chris Fowler with Kenny Rice and Adam Snow), and Global Polo YouTube
  • Game Highlights: Pilot versus La Dolfina Scone is a rematch game from the 2023 USPA Gold Cup, where La Dolfina Scone took the victory. In 2026, these two teams are the youngest to compete in USPA Gold Cup history, with both featuring a family-legacy player on their rosters. Pilot was down 2-5 at halftime but did not let La Dolfina Scone score in the 4th or 5th chukkers. MVP Lorenzo Chavanne scored 6 goals throughout, pushing Pilot ahead in the second half to seal Pilot’s third USPA Gold Cup victory.

As the official sports brand of the USPA, U.S. Polo Assn.’s presence was felt both on and off the field throughout the tournament. In addition to the U.S. Open Polo Championship taking place on the U.S. Polo Assn. Stadium Field at NPC, featuring the brand’s iconic Double Horsemen logo, U.S. Polo Assn. outfitted all on-site NPC staff and offered its performance jersey program to all teams competing in the Gauntlet of Polo.

Off the field at the USPA Shop at NPC, the sports brand enhanced the spectator experience by hosting immersive retail activations, including a Tyrus and Georgie Murdoch children’s book signing, Easter-themed tote bag screen printing, a live violinist, and complimentary chilled Limited Edition U.S. Polo Assn. Rosé wine tasting. In addition to posing at the branded U.S. Polo Assn. selfie wall or grabbing a bite at the traditional Argentine Asado area before the game, spectators also experienced the traditional halftime divot stomp dressed in vibrant Easter outfits, where U.S. Polo Assn. models connected with guests and created interactive social media moments, adding to the vibrant atmosphere of championship Sunday.

“The USPA Gold Cup represents the pinnacle of high-goal competition leading into the U.S. Open Polo Championship, showcasing the extraordinary talent, teamwork, and athleticism that define the sport at its highest level to a global audience on ESPN,” said J. Michael Prince, President and CEO of USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. “U.S. Polo Assn. is proud to support this historic tournament and to continue creating inspirational moments between the sport of polo and fans around the world.”

“Congratulations to both teams on what was an epic game in front of a record crowd,” Prince added.

Featuring many of the world’s most accomplished players, the 2026 USPA Gold Cup once again delivered an exceptional level of competition, with 10-goal players such as Hilario Ulloa, Adolfo and Poroto Cambiaso, Tomas Panelo, and Jeta and Barto Castagnola taking the field, alongside standout talents including Polito Pieres (9-goal), Jesse Bray (7-goal), Rufino Merlos (6-goal), Mackenzie Weisz (6-goal), and young star power Timmy Dutta (4-goal).

Established in 1974, the USPA Gold Cup remains a cornerstone of the American high-goal polo season, marking the 2026 tournament the 52nd USPA Gold Cup and a defining moment on the road to the U.S. Open Polo Championship, played April 1-26, 2026, at NPC.

The USPA Gold Cup also served as a key platform for U.S. Polo Assn.’s new global polo shirt campaign, An Icon Born from the Game, celebrating the origins of the iconic essential from the sport of polo to wardrobes around the world. By activating the campaign at one of the sport’s most prestigious tournaments, U.S. Polo Assn. connected fans, players, and consumers to the polo shirt’s authentic DNA, bridging sport and style in a way that reinforces heritage and modern style.

About U.S. Polo Assn. and USPA Global

U.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.

U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth and sport content. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world. For more information, visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sports brand, U.S. Polo Assn. USPA Global also manages the subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.

For Additional Information, Contact:

Stacey Kovalsky – VP, Global PR and Communications
Phone +001.561.790.8036 – E-mail: skovalsky@uspagl.com

Shannon Stilson – VP, Sports Marketing and Media
Phone +001.561.227.6994 – E-mail: sstilson@uspagl.com

SOURCE: U.S. Polo Assn.

Datavault AI CEO Nathaniel T. Bradley to Deliver Flagship Keynotes on Breakthrough RWA Tokenization at CONV3RGENCE London and AssetRush x Zurich 2026

Marie Jones
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Building Global Momentum Ahead of Upcoming XRP Tokyo Event

Datavault AI Inc. (Datavault AI or the Company) (NASDAQ:DVLT), a leader in AI-driven data valuation, monetization, credentialing, digital engagement, and real-world asset (RWA) tokenization technologies, today announced that CEO Nathaniel T. Bradley will deliver high-impact keynote presentations at two premier European financial innovation events this spring.

On April 22, 2026, Bradley will headline CONV3RGENCE London & The Digital Commonwealth Awards 2026 at the historic Mansion House in London as Flagship Partner. One month later, on May 21, 2026, he will take center stage as Main Strategic Partner at AssetRush × Zurich 2026, GenTwo’s flagship “festival of financial innovation” at Kaufleuten Zurich, delivering the opening speech and a major talk on the future of tokenized assets.

These back-to-back European keynotes build on Bradley’s upcoming presentation at XRP Tokyo 2026 on April 7, where he will showcase the capabilities of Datavault AI’s patented Information Data Exchange® (IDE®), DataValue®, DataScore®, and Data Vault Bank® AI Agent technologies to an international audience, highlighting data-driven RWA tokenization opportunities on the XRP Ledger.

“Europe is ready for the quantum leap into RWA innovation, and Datavault AI is bringing the breakthrough technology to make it happen,” said Nathaniel T. Bradley, CEO of Datavault AI. “From London’s global financial powerhouse that is finding Web 3.0 to be the new economic engine away from perpetual debt models, to Zurich’s fintech epicenter, we’re demonstrating how our AI-powered platform delivers tokenized, transparent, and cyber secure ownership in real-world assets. From strategic minerals and precious metals to real estate and name image likeness, Europe is asset rich. These keynotes are more than speaking slots-they’re launchpads for new partnerships, capital, and explosive growth across the continent.”

At both events, Bradley will spotlight how Datavault AI’s proprietary smart-contract infrastructure and AI agents are redefining RWA tokenization: creating verifiable digital twins, AI-driven valuations, and production-linked revenue participation that turn illiquid physical assets into 24/7 globally accessible digital securities. AssetRush × Zurich 2026, in particular, aligns perfectly with Datavault’s momentum in tokenizing high-grade U.S. and international mineral resources, offering a prime stage to connect with European investors hungry for compliant, high-upside RWA opportunities.

These appearances cement Datavault AI’s position as the go-to infrastructure provider for institutional-grade RWA tokenization and accelerate the Company’s global leadership and expansion of patented systems across Asia, North America, and now Europe’s most influential financial innovation forums.

About Datavault AI Inc.
Datavault AI™ (NASDAQ:DVLT) is leading the way in AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions.

Datavault AI’s Acoustic Science Division features WiSA®, ADIO®, and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless, high-definition sound transmission technologies with intellectual property covering audio timing, synchronization, and multi-channel interference cancellation.

The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization. Datavault AI’s cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring.

The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at www.dvlt.ai.

Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. (“Datavault AI,” the “Company,” “us,” “our,” or “we”) and our industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding future events; the Company’s anticipated keynote presentations at CONV3RGENCE London and AssetRush × Zurich 2026; the expected commercial, strategic, and partnership outcomes of the Company’s participation at these events; the Company’s ability to expand into European markets; and the anticipated benefits of the Company’s RWA tokenization technologies and AI-driven platform, are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain.

Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: changes in market demand for Datavault AI’s services and products; changes in economic, market, or regulatory conditions; risks relating to evolving regulatory frameworks applicable to tokenized assets; risks associated with technological development and integration; the ability of Datavault AI to develop and successfully market technologies; the risk that Datavault AI has overestimated the size of the target market, willingness to adopt new technologies, or partnerships; and other risks and uncertainties as more fully described in Datavault AI’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that Datavault AI makes from time to time with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

Datavault AI undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Datavault AI may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Datavault AI’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments it may make.

Media Contact
Alan Wallace
Head of Public Relations
marketing@dvlt.ai
+1.267.817.7251

Investor Contact
Edward Barger
VP, Investor Relations
ir@dvlt.ai
ebarger@dvlt.ai

SOURCE: Datavault AI Inc

HKTDC’s response to World Trade Organization’s latest report

Marie Jones
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The World Trade Organization’s latest Global Trade Outlook and Statistics report shows that Hong Kong rose to become the world’s fifth-largest trading entity in 2025, climbing two places from the preceding year. The Hong Kong Trade Development Council (HKTDC) noted that the WTO report fully demonstrated Hong Kong’s continued resilience in merchandise trade. Total trade value continued to grow robustly last year, further reinforcing Hong Kong’s position as an international trading hub. Hong Kong’s achievement is attributable to the institutional advantages under the “One Country, Two Systems” principle, as well as its free and open business environment.

This year marks the beginning of the national 15th Five-Year Plan. The Plan supports Hong Kong in better integrating into national development, consolidating and enhancing its status as an international financial, shipping and trade centre, while developing into an international innovation and technology centre and an international hub for high-calibre talent. This fully demonstrates that the “Four Centres and One Hub” positioning meets the country’s needs and builds on Hong Kong’s distinct strengths. With a global network of 51 offices, the HKTDC will continue to leverage Hong Kong’s unique advantage as a gateway linking the Chinese Mainland with the rest of the world, promoting Hong Kong as a two-way global investment and business hub. International exhibitions, conferences and business missions will also be organised to create business opportunities for companies in the Chinese Mainland and international markets.

HKTDC Media Room: https://mediaroom.hktdc.com/en

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

Jane Cheung Tel: (852) 2584 4137 Email: jane.mh.cheung@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The 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.

Datavault AI CEO Nathaniel Bradley to Present DataValue(R), DataScore(R), and Information Data Exchange(R) Technologies at XRP Tokyo 2026

Marie Jones
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0

Datavault AI Inc. (Datavault AI or the Company) (NASDAQ:DVLT), a leader in data monetization, credentialing, digital engagement, and real-world asset (RWA) tokenization technologies, today announced that CEO Nathaniel (Nate) T. Bradley will present and exhibit the Company’s DataValue®, DataScore®, Data Vault Bank® AI Agent, and patented Information Data Exchange® technologies at XRP Tokyo 2026 on April 7, 2026, at Happo-en in Tokyo, Japan.

Bradley’s presentation, “Data-Driven RWA Tokenization: Unlocking Japan’s Trillion-Yen Opportunity on the XRP Ledger,” will demonstrate how Datavault AI’s platforms support secure, AI-powered tokenization of real estate, commodities, and other high-value assets in Japan’s regulation-friendly market.

Japan has emerged as Asia’s leading real-world asset tokenization market, with institutional platforms such as Progmat (MUFG-backed) managing approximately ¥440 billion (~$2.8 billion USD) in tokenized assets, primarily real estate and corporate bonds. Broader public STO (Security Token Offering) activity has reached the $1.3-2 billion+ range, with the sector projected to exceed ¥1 trillion (~$6-7 billion) by the end of 2026. Recent momentum includes MUFG’s March 2026 launch of its ¥22.4 billion (~$142 million) Osaka Dojimahama Tower real estate security token, one of the largest single issuances to date.

“Japan’s institutional adoption of tokenized real-world assets, combined with clear regulatory frameworks, creates exceptional opportunities for scalable licensing and customer partnerships,” said Nathaniel Bradley, CEO of Datavault AI. “At XRP Tokyo, we’ll demonstrate how our AI-powered data valuation and tokenization infrastructure can help Japanese institutions unlock liquidity in real estate, commodities, and other high-value assets. We’re focused on building long-term commercial relationships across the APAC region that translate into meaningful revenue opportunities for Datavault AI.”

Hosted by XRPL Japan as part of the TEAMZ Web3/AI Summit 2026, XRP Tokyo 2026 brings together developers, enterprises, investors, and institutions to explore real-world blockchain applications, including tokenization, payments, and digital asset infrastructure.

Datavault AI’s participation builds on its growing momentum in RWA tokenization and reflects its strategic focus on APAC market expansion and international customer development.

About Datavault AI Inc.
Datavault AI TM (NASDAQ:DVLT) is leading the way in AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Sciences and Data Sciences divisions.

Datavault AI’s Acoustic Sciences division features WiSA®, ADIO®, and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless, high-definition sound transmission technologies with intellectual property covering audio timing, synchronization, and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization.

Datavault AI’s platform serves multiple industries, including high-performance computing software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more. The Information Data Exchange® enables Digital Twins and the licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata, fostering responsible AI with integrity. The Company’s technology suite is fully customizable and offers AI- and machine-learning-based automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring.

The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at https://datavaultsite.com

About XRP Tokyo 2026
XRP Tokyo 2026 is Japan’s premier XRP-focused conference, taking place April 7, 2026, at Happo-en, Tokyo. Hosted by XRPL Japan, the event showcases the XRP Ledger’s role in institutional adoption and real-world blockchain innovation. More information: xrp-tokyo.io.

Market Data Sources
Japan real-world asset tokenization market data: “Progmat Pivots to Public Chain: Migrates 440 Billion Yen in Security Token Assets to Avalanche,” FinTech Observer, February 26, 2026 (https://www.fintechobserver.com/progmat-pivots-to-public-chain-migrates-440-billion-yen-in-security-token-assets-to-avalanche/); “MUFG Enters $1.3 Billion Japan Security Token Market,” BeInCrypto, October 10, 2025 (https://beincrypto.com/mufg-enters-1-3-billion-japan-security-token-market/); “BOOSTRY Publishes Japan Security Token Market Report (FY2024),” Nomura Holdings, April 2, 2025 (https://www.nomuraholdings.com/en/news/nr/news202504022.html); “Progmat Migrates $2B+ of its Tokenized Securities to Avalanche,” Avax.network, February 25, 2026 (https://www.avax.network/about/blog/progmat-migrates-2b-tokenized-securities-to-avalanche); “MUFG launches first own brand real estate security token for $142 million,” Ledger Insights, March 2026 (https://www.ledgerinsights.com/mufg-launches-first-own-brand-real-estate-security-token-for-142-million/).

Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. (“Datavault AI,” the “Company,” “us,” “our,” or “we”) and our industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding future events, the creation of opportunities for scalable licensing and customer partnerships as a result of Japan’s institutional adoption of tokenized RWAs, and how the Company’s AI-powered data valuation and tokenization infrastructure can help Japanese institutions unlock liquidity in real estate, commodities and other high-value assets, and expected operational, technical, and commercial outcomes of the Company’s commercial strategy, and the projected direction and market impacts of regulatory changes with respect to digital assets, are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain.

Readers are cautioned not to place undue reliance on these and other forward-looking statements contained herein.

Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the Company’s ability to create opportunities for scalable licensing and customer partnerships as a result of Japan’s institutional adoption of tokenized RWAs; the Company’s ability to help Japanese institutions unlock liquidity in real estate, commodities and other high-value assets through its AI-powered data valuation and tokenization infrastructure; changes in market demand for Datavault AI’s services and products; changes in economic, market, or regulatory conditions; risks relating to evolving regulatory frameworks applicable to tokenized assets; risks associated with technological development and integration; and other risks and uncertainties as more fully described in Datavault AI’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to vary from expectations.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Datavault AI undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

Datavault AI may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Datavault AI’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments it may make.

Industry and Market Data
Within this press release, we reference information and statistics regarding the market for our products. We have obtained some of this information and statistics from various independent third-party sources, including independent industry publications, reports by market research firms and other independent sources. Some data and other information contained in this press release are also based on management’s estimates and calculations, which are derived from our review and interpretation of internal surveys and independent sources. Data regarding the industries in which we compete and our market position and market share within these industries are inherently imprecise and are subject to significant business, economic and competitive uncertainties beyond our control, but we believe they generally indicate size, position and market share within this industry. While we believe such information is reliable, we have not independently verified any third-party information. While we believe our internal company research and estimates are reliable, such research and estimates have not been verified by any independent source. In addition, assumptions and estimates of our and our industries’ future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause our future performance to differ materially from our assumptions and estimates. As a result, you should be aware that market, ranking and other similar industry data included in this press release, and estimates and beliefs based on that data, may not be reliable.

Media Contact
Alan Wallace
Head of Public Relations
marketing@dvlt.ai
+1.267.817.7251

Investor Contact
Edward Barger
VP, Investor Relations
ebarger@dvlt.ai

For more information on Datavault AI’s RWA solutions or to schedule an interview with Nathaniel Bradley, contact the press team above.

SOURCE: Datavault AI Inc

U.S. Polo Assn. Supports Division I National Intercollegiate Championship, Showcasing the Future of the Sport of Polo

Marie Jones
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0

DI Women’s and Men’s Finals to be Featured in ‘Breakaway: Polo in College’ on ESPN

U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), proudly supported the Division I National Intercollegiate Championship (NIC), held March 19-22, 2026, near Dallas, Texas, at the Prestonwood Polo & Country Club. As the highest level of collegiate polo in the United States, the NIC brings together the nation’s top student-athletes to compete for national titles.

2026 Division I Women’s National Intercollegiate Champions, University of South Carolina – Aiken Polo Team Winifred Branscum, Madison Jordan, and Brianna Jordan; 2026 Division I Men’s National Intercollegiate Champions, University of North Texas Polo Team Alec Felhaber, Niklaus Felhaber, Johann Felhaber, Mosiah Gravesande, Sebastian Celis GuerreroPhoto Credit: @oanaphoto

As a proud supporter of the USPA’s Intercollegiate/Interscholastic (I/I) Program, U.S. Polo Assn. continues to invest in the next generation of polo players. For the 2026 NIC, the global sport brand provided custom event t-shirts for all participants, featuring special-edition designs honoring the 50th Anniversary of the Division I Women’s NIC, along with player prizes for all finalists and exclusive U.S. Polo Assn. Champions Caps to the winning teams. On-site, the sport brand also enhanced the fan experience with cap giveaways, adding to the energy of the championship atmosphere.

Division I Women’s National Intercollegiate Championship at a Glance:

  • Final Matchup: University of South Carolina – Aiken(Winifred Branscum, Brianna Jordan, Madison Jordan) vs. Texas A&M University(Josie Dorsey, Francesca Felhaber, Jordan Fikes, Alternates: Kylie Beard, Emily Coflin, Sophia DeAngelis)
  • Date: March 22, 2026
  • Location: Prestonwood Polo & Country Club, Oak Point, Texas
  • Final Score: 15 (USC-Aiken) – 6 (Texas A&M)
  • All-Stars: Madison Jordan (USC-Aiken), Josie Dorsey (TAMU), Kelsey Bray (UVA), and Winifred Branscum (USC-Aiken)
  • Best Playing Pony: Fiscal, played and owned by Winifred Branscum (USC-Aiken)

Division I Men’s National Intercollegiate Championship at a Glance:

  • Final Matchup: University of North Texas(Alec Felhaber, Johann Felhaber, Niklaus Felhaber, Mosiah Gravesande, Alternate: Sebastian Celis Guerrero) vs. Cornell University(Benito Jarmillo, Malachi Light, Max Sponer, Alternates: Harrison Fredericks, Fin Maroney, Mihali Pinzon, Dylan Tung)
  • Date: March 22, 2026
  • Location: Prestonwood Polo & Country Club, Oak Point, Texas
  • Final Score: 15 (UNT) -13 (Cornell)
  • All-Stars: Will Mudra (TAMU), Malachi Light (Cornell), Benito Jarmillo (Cornell), Johann Felhaber (UNT)
  • Best Playing Pony: Zury, owned by Texas A&M University

U.S. Polo Assn. supports more than 30 colleges and universities and approximately 70 teams nationwide through its Collegiate Partnership Program (CPP). During its eighth consecutive year, the brand supports the next generation of polo players through jerseys, custom-performance apparel, branded equipment, financial contributions, and more. The CPP is available to all colleges and universities, with its participating teams ranging from the East to the West Coast and including small private and large public institutions, as well as Ivy League and Historically Black Colleges or Universities (HBCUs).

“The Division I National Intercollegiate Championship represents the future of the sport, where dedication, teamwork, and passion for the sport of polo come together at the highest level of collegiate competition,” said J. Michael Prince, President and CEO of USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. “U.S. Polo Assn. is proud to support these exceptional student-athletes and to continue investing in the next generation of players and future leaders at every level.”

“Congratulations to all of the participants in the Division I Women’s and Men’s Championships, and good luck to the Division II National Intercollegiate Championships participants next month,” added Prince.

The Division I Women’s and Men’s Finals will be featured on Global Polo’s award-winning show, “Breakaway: Polo in College,” and distributed across ESPN and Global Polo platforms, extending the reach of collegiate championship polo to a global audience. Check local listings for airtimes.

“The 2026 National Intercollegiate Championship marks the 50th Anniversary of the Division I Women’s Intercollegiate Tournament, and it’s inspiring to see the remarkable talent and commitment these student-athletes have shown throughout such a highly competitive and significant season,” said Liz Brayboy, Chair of the USPA’s Intercollegiate/Interscholastic (I/I) Committee. “With the continued support of U.S. Polo Assn., collegiate polo continues to grow and reach new audiences and sports fans, which is incredibly exciting for us, and collegiate sports overall.”

About U.S. Polo Assn. and USPA Global
U.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, and Star Sportsin India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.

U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth and sport content. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world. For more information, visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sports brand, U.S. Polo Assn. USPA Global also manages the subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.

For Additional Information, Contact:
Shannon Stilson – VP, Sports Marketing and Media
Phone +001.561.227.6994 – E-mail: sstilson@uspagl.com

Stacey Kovalsky – VP, Global PR and Communications
Phone +001.561.790.8036 – E-mail: skovalsky@uspagl.com

SOURCE: U.S. Polo Assn.

 

Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au

Marie Jones
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0
Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces a new high-grade gold discovery at its Antino Gold Project (“Antino” or “Project”) in southeastern Suriname. The Company reports high-grade gold mineralization from surface, returning 17.22 grams per tonne (g/t) gold (Au) over 3.6 metres (m) within a broader 24.6 m interval grading 2.81 g/t Au, in the first-ever drillhole in the Antino North area (Figure 1).

Highlights

First ever Antino North drilling delivers exceptional results from surface in the first drillhole (AN001)

  • 24.6 m of 2.81 g/t Au including 3.60 m of 17.22 g/t Au from 1.5 m down hole
  • 13.5 m of 0.44 g/t Au from 54.6 m
  • First drillhole testing one of twelve gold-bearing structures identified to date at Antino North
  • Surface work continues:
    • Over 4,500 auger samples to date in 2026
    • Total combined strike length of mapped shear zones on surface is 5.3 km
    • Second Antino North drill now turning on previously undrilled kilometre-scale gold auger anomaly (Figure 2)

Colin Padget, President & CEO, commented, “The Antino North area covers nearly 10,000 hectares of highly prospective geology that has never seen a drillhole – so we are thrilled to see such high-grade results from our first diamond hole into the area. Our team on the ground has so far mapped twelve parallel shear zones across and along strike of the intercepted structure, and we plan to test many of them over the current ~3,500 metre phase-one drill program. This Antino North discovery reinforces our belief that the larger Antino Project is host to a major district-scale gold system, and there remains significant exploration upside and opportunity for further discoveries with this year’s exploration program.”

Antino North Drilling

The new discovery is hosted within a series of approximately 5- to 25-metre-wide shear zones, with geological characteristics consistent with high-grade gold mineralization documented elsewhere on the Antino Gold Project, including at Upper Antino. The reported drillhole tested the first of twelve northwest-trending parallel shears recently mapped over multiple kilometres across the Antino North area, highlighting the significant scale of the mineralizing system. The mapped shear zones are spatially coincident with a large regional-scale fold – a structural setting commonly associated with orogenic gold deposits across the Guiana Shield.

Mineralization is similar in character to the shear- and vein-hosted gold mineralization at Upper Antino, comprising sheared subvertical quartz veins with late brittle deformation overprinting and a sericite-ankerite-tourmaline alteration assemblage.

The Antino North concession has no record of historical diamond drilling. This discovery represents the first drill-tested gold zone within the recently acquired exploration concession, located approximately 20 kilometres southwest of the Upper Antino area – confirming the potential for new mineralized centres across the district-scale Antino land package.

Table 1: Drill Hole Assay Results

Drillhole From (m) To (m) Interval (m) Au (g/t)
AN001 1.50 26.10 24.60 2.81
incl 1.50 5.10 3.60 17.22
and 54.60 68.10 13.50 0.44

*Intervals are down-hole depths. True widths of mineralization are unknown at this time based on currently available results and observations. All are diamond drill holes. Interval average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher-grade gold intercepts. Widths are calculated using a 0.10 g/t gold cut-off grade with <5.0 m of internal dilution of zero grade, and a minimum composite length of 2.0 m.

Table 2: Drill Hole Locations

Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
AN001 813830.00 420168.00 149.52 110.00 -70.00 260.00

About Founders Metals Inc.

Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield – the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold and is executing one of the most active exploration programs in the global junior gold sector. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname’s next major gold camp.

ON BEHALF OF THE BOARD OF DIRECTORS,

Per: “Colin Padget”

Colin Padget
President, Chief Executive Officer, and Director

Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: +1 306 537 8903 | katiem@fdrmetals.com

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including statements regarding long term value creation and the Company’s prospects. Forward-looking information can generally be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved.

Forward-looking statements are based on management’s current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; and other factors described in the Company’s most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All material information on Founders Metals can be found at www.sedarplus.ca.

Quality Assurance and Control

Diamond drill core is HQ diameter through oxide intervals and predominantly NQ diameter in deeper drilling. All samples are half core, split using a diamond saw. Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

Qualified Persons

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7574/290987_7d7ccbdbc42bbaaf_001full.jpg

Figure 1: Antino Gold Project Property Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/290987_7d7ccbdbc42bbaaf_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7574/290987_7d7ccbdbc42bbaaf_002.jpg

Figure 2: Antino North Target Plan Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/290987_7d7ccbdbc42bbaaf_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290987

Habitat for Humanity Asia-Pacific joins global ‘Let’s Open the Door’ campaign to spotlight housing need

Marie Jones
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0
Habitat for Humanity Asia-Pacific joins global ‘Let’s Open the Door’ campaign to spotlight housing need

A home is the foundation on which we build our lives. It supports better health, education, and well-being, drives economic growth, and helps reduce poverty. Yet every day, 1 in 3 people around the world wake up without the security of a safe, affordable home. In Asia-Pacific alone, over 1.6 billion people live in inadequate housing; while more than 600 million live in slums or informal settlements.


To raise awareness of the global housing crisis and mobilize action, Habitat for Humanity has launched Let’s Open the Door, a global campaign highlighting the urgent need for decent housing and its role in building stronger communities.

This year, Habitat for Humanity marks 50 years of bringing people together to build prosperous and healthy communities.

“Housing has been the core of Habitat’s work for 50 years. As a leader in global housing, Habitat understands the keys that will unlock our vision of a world where everyone has a decent place to live,” said Jonathan Reckford, chief executive officer of Habitat for Humanity International.

The need is especially urgent in Asia-Pacific, where access to adequate  housing provides safety, stability, basic services and a stronger ability to recover from shocks—all of which are essential to resilience. Seven of the world’s 20 nations most vulnerable to extreme weather impacts are in the region.

“When people lack a safe, adequate home, the effects are felt everywhere: in health, education, livelihoods, protection, gender equality and in how communities withstand shocks. Housing must be recognized as a strategic investment and foundation for resilience and opportunity,” said Elizabeth Satow, area vice president for Asia-Pacific, Habitat for Humanity International.

Across Asia-Pacific, the campaign will spotlight stories of homeowners, volunteers, youth leaders, and partners working to drive change in their communities and expand access to decent housing.

Since 1976, Habitat for Humanity has supported more than 65 million people around the world build, improve or finance places to call home. In Asia-Pacific, Habitat has worked since 1983 alongside people of all walks of life to build, repair and finance homes, develop new ways to improve housing access, and advocate for policies that make adequate housing easier to build and access.

To learn more about the Let’s Open the Door campaign and how to get involved, visit www.habitat.org/ap/open-door.

Contact:
Rona Azucena
razucena@habitat.org

Luxury NEV Enterprise Seres Hits Record High Revenue of RMB164.89 Billion in 2025, Maintaining Positive Profitability for Second Consecutive Year

Marie Jones
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0

Luxury new energy vehicle (NEV) enterprise Seres officially released its 2025 annual results on March 30, with several core financial indicators recording steady growth and profitability continuing to strengthen for the second consecutive year, attracting widespread market attention.

The results report shows that in 2025, Seres achieved revenue of approximately RMB164.89 billion with a year-on-year increase of 13.63%, net profit attributable to shareholders of the listed company was RMB5.96 billion and R&D investment reached RMB12.51 billion, a year-on-year increase of 77.4%. The Company also announced a proposed final dividend of RMB0.8 per share (tax included), totaling approximately RMB1.9 billion in cash dividends, reflecting its commitment to rewarding shareholders.

In terms of sales performance, Seres’ NEV sales continued to maintain a high level. Annual sales in 2025 reached 472,269 units, representing a year-on-year increase of 10.63%. The Group’s premium brand AITO recorded cumulative annual deliveries exceeding 420,000 units, making it the best-selling Chinese luxury automotive brand in the domestic market. Across the full lineup, the AITO M5, M7, M8, and M9 collectively surpassed one million cumulative deliveries. The coordinated growth in both sales and profit further strengthened the Group’s overall operational resilience and risk management capabilities.

In terms of R&D investment, Seres has maintained a strong commitment. In 2025, the Company’s R&D investment reached RMB12.51 billion, representing a year-on-year increase of 77.4%. Both the intensity and growth rate of R&D investment remained industry-leading, reflecting the Company’s adherence to a technology-driven strategy and laying a solid foundation for future product iteration and core competitiveness.

The Group’s cash flow performance was also robust. As of December 31, 2025, net cash flow from operating activities amounted to RMB28.12 billion. Ample cash reserves enabled the Company to support high-intensity R&D and international expansion while building a stronger risk buffer and enhancing strategic flexibility.

Kaiyuan Securities, Changjiang Securities, CICC, and Guotai Haitong are among the major brokerages maintaining positive ratings on Seres — Kaiyuan and Changjiang with “Buy,” Guotai Haitong with “Overweight,” and CICC with “Outperform” alongside a revised target price of RMB 120. All institutions are optimistic on Seres’ long-term growth prospects, noting that underlying business fundamentals continue to improve with a clear and compelling growth thesis. Key catalysts include a dense Q2 model launch cycle (AITO M6 and refreshed M9/M8), accelerating overseas expansion into the Middle East and Europe, and a robotics business increasingly seen as a credible second growth curve.

Overall, Seres delivered a comprehensive upgrade in its 2025 results, spanning sales volume, profit, R&D and cash flow. The Company stated that it will continue to position itself as a luxury vehicle enterprise, deepen its presence in the intelligent NEV sector, further increase investment in core technologies, enrich its high-end product portfolio, accelerate its global market expansion, and focus on improving profitability and core competitiveness, thereby supporting the continued upgrading of China’s new energy vehicle industry. For investors, this performance has undoubtedly strengthened confidence in the Company’s future growth.

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