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May 13, 2025

FTREIT reports all-time highest occupancy in 1HFY25, delivering over THB 2,000 million in revenue

Frasers Property Industrial REIT Management (Thailand) Company Limited (FIRM), the REIT manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT), announced its 1HFY2025 (October 2024 - March 2025) performance. FTREIT delivered total revenue of THB 2,091 million, an increase of 5.9% or THB 116 million year-on-year (Y-o-Y), while its net profit on investment increased by 8.8% or THB 113 million Y-o-Y to THB 1,388 million. In 2QFY2025 (January - March 2025), FTREIT achieved quarterly revenue of THB 1,057 million, an increase of 7.4% or THB 73 million Y-o-Y, with net profit on investment at THB 702 million, an increase of 9.9% or THB 63 million. Mr. Bhumpharn Arunthammakul, Managing Director of FIRM, said, “The market outlook for 2QFY2025, FTREIT has benefited from sustained demand for factory and warehouse rental space from electronics and other industrial sectors. This increased demand was from foreign investors entering Thailand and expanding their production capacity, consequently driving a continuous growth in the average occupancy rate. Our occupancy rate has increased from the previous quarter's new high to reach an all-time high of 90%. The distribution payment from operations in the second quarter, amounting to THB 0.188 per unit, will be paid on 6 June 2025. The accumulated distribution of FTREIT for the first half of fiscal year 2025 is THB 0.376 per unit. The March 2025 earthquake originating in Myanmar was felt as far as Thailand . FIRM and the Property Manager have completed the inspection of the properties under management. Some properties require repairs that are underway, but there is no impact on our tenants' business operations. FTREIT is covered by Industrial All-Risk Insurance, covering property damage caused by the earthquake. On the economic outlook, FTREIT is monitoring current developments in trade policies and expects volatility from changes in tariff rates. FTREIT's operation and rental income collection are relatively stable, and are continuing to close deals and sign new lease agreements for factories and warehouses. To maintain stability and growth for FTREIT under more challenging situations, FIRM will manage the portfolio flexibly, focused on sustaining value by operating through a flexible leasing strategy. This includes offering a diverse range of leasing packages and services, encompassing both short-term and long-term agreements. Moreover, industrial buildings’ usage can be adapted to serve as both warehouses and factories to meet market demands. For added customer centricity, FIRM is stepping up its delivery of comprehensive lifecycle services that meet tenants’ different property needs, from consultation to after-sales support. Simultaneously, FIRM is working closely with Frasers Property Thailand Group, the property manager, to identify and create opportunities for sustainable growth by developing and upgrading buildings to be more efficient under green building standards. It will also unlock new value by leveraging innovation, technology, and new solutions to enhance operational capabilities, improve service efficiency, and generate added value for FTREIT in the future.

May 13, 2025

Business

Bangkok Airways Leads in Sustainability with OR as the First Airline to Use Locally Produced Sustainable Aviation Fuel (SAF)

Bangkok Airways Public Company Limited and PTT Oil and Retail Business Public Company Limited or OR have signed a Letter of Intent (LOI) for cooperation in using Sustainable Aviation Fuels (SAF) produced domestically for the first time in Thailand. The sustainable fuel will be used for Bangkok Airways flight operations, addressing the sustainability goals of both companies while driving Thailand's aviation industry toward an environmentally friendly future. The signing ceremony attended by Mr. Dechit Chareonwong, Senior Executive Vice President of Operations at Bangkok Airways, and Mr. Chaipruet Watchareekhup, Aviation and Marine Marketing Manager at OR jointly signed the LOI at Bangkok Airways' headquarters on Vibhavadi Rangsit Road. Mr. Dechit Chareonwong revealed that this marks another significant step for Bangkok Airways in collaboration with OR to elevate Thailand's aviation industry toward a green flight path by using Sustainable Aviation Fuel (SAF) produced domestically for the first time in Thailand. The airline continues to advance its "Low Carbon Skies by Bangkok Airways" campaign, which aims to reduce carbon emissions across all business operations. This integrated cooperation will lead to promoting and preparing for the use of biofuels in Thailand's aviation industry in the future, responding to the sustainable trend in Thailand's aviation business. This aligns with the International Air Transport Association's (IATA) goal of achieving carbon neutrality by 2050. Mr. Chaipruet Watchareekhup revealed that this collaboration with Bangkok Airways represents a joining of forces between OR, as Thailand's leading aviation fuel distributor, and Bangkok Airways, as a leading airline, in using Sustainable Aviation Fuel (SAF) produced by a domestic manufacturer for the first time. The producer is PTT Global Chemical Public Company Limited or GC, which has developed innovative products and sustainable technology for SAF blending through the Co-Processing method—used for the first time in the aviation industry to support Thailand's future SAF implementation policies. OR is proud to be part of this important collaboration and is committed to supporting Thailand's aviation industry toward sustainability by supplying SAF to Bangkok Airways. This marks a significant step in elevating Thailand's aviation industry standards toward environmental friendliness and aligns with OR's business concept of supporting Thailand's goal of achieving Net Zero greenhouse gas emissions by 2065. This signing or LOI demonstrates a commitment to prioritizing sustainable practices in Thailand's aviation industry and reflects the collaboration of industry leaders to address climate change challenges and environmental impacts. It also marks another important starting point for clean energy development in Thailand's aviation industry.

May 13, 2025

Business

Thai Union Q1 sales ease to THB 29.8 billion, GPM reaches record high for a first quarter at 18.8%, and adjusted net profit grew by 9% YoY

Thai Union Group PCL reported a 10.3% decline in sales to THB 29.8 billion for the first quarter of the year, due to a 6.9% decline in organic sales growth, softer Ambient, Frozen and Value-added categories, and a stronger Thai Baht against key currencies. Continued cost discipline helped maintain a healthy balance sheet, with the Group’s Gross Profit Margin rising to 18.8% - a record for the first quarter. In Q1 2025, net profit, excluding transformation costs associated with the implementation of Strategy 2030 – Thai Union’s bold roadmap to deliver strong growth and transform the Group into the world’s leading marine health and nutrition company, increased by 8.9% year-on-year to THB 1.3 billion. While the reported net profit was reported at THB 1 billion. Thai Union maintained a solid net-debt-to-equity ratio at a healthy 1.0x. “Despite a challenging macro backdrop, we continued to strengthen our core businesses, invest for long-term growth and deliver healthy profitability,” said Thiraphong Chansiri, CEO of Thai Union Group. “When we embarked on our transformation journey, we knew increasing our agility, efficiency and speed was essential. In today’s world that is never more true. We have laid solid foundations, which are now serving us well and delivering value which will only increase further in the future.” The PetCare business continued to grow in the first quarter, with sales increasing 5.5% year-on-year to THB 4.2 billion while its gross profit margin was 24.5%. Ambient sales declined by 14.0% to THB 14.7 billion from a year earlier due to a high baseline last year with exceptional demand from the Middle East, and a decline in private label sales across Europe as customers delayed purchases amid rising fish prices. The GPM for Ambient stood at 19.4%. For the Frozen business, sales were 12.2% lower year-on-year at THB 8.4 billion because of softer shrimp sales impacted by an exceptional increase in shrimp prices in the U.S. Frozen GPM improved to 12.4% from 11.8% a year earlier. Sales for the Value-added decreased 3.1% year-on-year to THB 2.4 billion. With the global business environment remaining volatile, Thai Union continues to closely monitor and assess the potential impact on the Group if the U.S. Government implements the reciprocal tariffs rates. Thai Union has anticipated the tariff changes and proactively built-up inventory across all categories in the U.S., with 4-6 months of sales in finished goods currently in the market, mitigating short-term risk. The Group continues to leverage its global processing and sourcing footprint to minimize potential disruption from the tariffs. With 15 processing facilities in 13 countries, such as Ghana, Seychelles, Poland, USA, and Vietnam. Thai Union is well-positioned to react to any potential developments in the tariff environment. In the first quarter, the Japan Credit Rating Agency, Ltd. (JCR) affirmed Thai Union’s foreign currency issuer credit rating at A with a stable outlook due to its strong brand power and high earnings stability. The credit rating is the same level as the sovereign credit rating of Thailand from JCR. The local currency long-term issuer credit rating by JCR was also assigned at A with a stable outlook. In line with our commitment to sustainability, Thai Union has secured a landmark USD 150 million Blue Loan from the Asian Development Bank (ADB), the first-ever Blue Loan by the multilateral bank to a seafood company in Thailand. Proceeds will be used to scale Thai Union’s sustainable shrimp procurement in Thailand – a key pillar of its SeaChange® 2030 global sustainability strategy. ### About Thai Union Group Thai Union Group PCL is the world’s seafood leader, delivering high-quality, healthy and innovative products to consumers around the world since 1977. The company is one of the largest producers of shelf-stable tuna and recorded sales of over THB 138 billion in 2024, supported by a global workforce of more than 44,000. Guided by its vision to become the world’s leading marine health and nutrition company, and its commitment to “Healthy Living, Healthy Oceans,” Thai Union’s diversified business spans ambient and frozen seafood, value-added, alternative proteins, PetCare, and sustainable aquaculture feed. Its brand portfolio includes global names such as Chicken of the Sea, John West, Petit Navire, King Oscar, Rügen Fisch and SEALECT. Through its SeaChange® 2030 sustainability strategy, Thai Union is delivering impact for both people and planet. The company has been listed on the Dow Jones Sustainability Indices for 11 consecutive years and the FTSE4Good Emerging Index for nine. Learn more at seachangesustainability.org and www.thaiunion.com ### For more information please contact; Kanyarat Kiatchairin 064-949-6594 or [email protected]

May 13, 2025

Business

AWC Reports Q1/2025 Profit of THB 1,969 million, a Strong 23% Growth, Reflecting High-return Potential with Dividend Growth of 50%, with 3 New High-Quality Projects to be Added to the Portfolio

Robust growth in Q1/2025 with total revenue of THB 6,191 million, a 13.6% YoY increase, and operating profit rising 15.3% YoY to THB 3,417 million. The company also announced a dividend payment to shareholders of THB 0.075 per share from its 2024 performance, a 50% increase of from the previous year, to be distributed on May 28, 2025. This reflects AWC’s continuous growth and its strategy of accelerating asset potential to generate stable and sustainable cash flow. AWC’s portfolio has doubled since 2019, with a total Gross Asset Value of THB 209,374 million as of the end of Q1/2025. The company has added 3 new projects to its portfolio: Meliá Pattaya Hotel, Thailand, an investment in the Woeng Nakornkasem Yaowaraj, and the Le Concorde Ratchadaphisek project, which will be transformed into the Jubilee Prestige Tower comprising office space and the JW Marriott Hotel Bangkok Ratchadapisek. This quarter marks a significant leap in growth, with over 641 additional keys, a 10% increase, generating immediate cash flow and strengthening overall performance. The Hospitality Business Unit generated outstanding returns with a new high of average daily rate (ADR) of THB 6,663 per night, up 5.8% YoY, driven by higher occupancy rates from quality guests. AWC is set to continue delivering memorable experiences with the upcoming launch of the family-friendly Pattaya Marriott Resort And Spa alongside the world’s first Jurassic World: The Experience at Asiatique The Riverfront Destination. These initiatives aim to create long-term value by positioning Thailand as a world-class sustainable tourism destination. Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), has announced the company’s strong and sustained performance in Q1/2025, with total revenue of THB 6,191 million, a 13.6% increase year-on-year (YoY), and a net profit of THB 1,969 million, up 23% YoY. Operating profit reached THB 3,417 million, a 15.3% YoY increase, while the company’s EBITDA yield on fixed assets rose 10.0%, reflecting 13.6% growth YoY. AWC also declared a dividend payment to shareholders of THB 0.075 per share, to be distributed on May 28, 2025, representing a 50% increase from the previous year. This highlights AWC’s commitment to delivering stable and sustainable returns to shareholders, driven by the successful execution of its Growth-Led Strategy. This strategy emphasizes sustainable growth across all business units by accelerating the transition of development-phase assets into operating assets and enhancing asset potential through Asset Stage Movement, aimed at generating stable cash flow. AWC continues to expand its portfolio of high-quality hospitality and commercial assets with the addition of projects such as Meliá Pattaya Hotel, Thailand, the Woeng Nakornkasem Yaowaraj, the Jubilee Prestige Tower, and JW Marriott Hotel Bangkok Ratchadapisek. These developments, aligned with AWC’s “Lifestyle Destination” concept, are expected to contribute immediate cash flow and further strengthen the company’s portfolio value, which has more than doubled from 2019 to THB 209,374 million. As of this quarter, the company’s operating asset value stands at THB 161,567 million, marking a 7.0% increase from the previous quarter (QoQ), the company delivered a strong surge in cash flow, reflecting significant growth momentum." The Hospitality Business Unit experienced strong growth, consistently generating cash flow. Despite the economic volatility and challenges faced by Thailand in the early part of the year, AWC continues to advance its strategic plan to attract high-quality customers. AWC’s hotel and hospitality portfolios continued to show solid growth, driven by high-quality assets in prime tourist destinations across Thailand. The segment generated total revenue of THB 3,642 million in Q1/2025, marking a 9.4% YoY increase. Average Daily Rate (ADR) reached a new record high of THB 6,663 per night, up 5.8% YoY, while Revenue per Available Room (RevPAR) stood at THB 4,992, an increase of 6.0% YoY. When considering the same store portfolio as in 2024, RevPAR rose to THB 5,072, reflecting 7.7% YoY growth and a significant 27% increase compared to 2019, highlighting strong long-term performance. The segment's operating profit (EBITDA) reached THB 1,497 million, a 6.9% YoY increase, supported by growth across all segments, especially luxury resorts in top destinations such as Koh Samui and Krabi, where RevPAR grew by 10.5% YoY. Hotels in Bangkok and those serving the meetings, incentives, conferences, and exhibitions (MICE) segment also delivered healthy year-on-year growth. AWC’s hotel portfolio continues to demonstrate strong performance, with an average Revenue Generation Index (RGI) of 103, indicating effective revenue optimization across its properties. Luxury resorts and hotels in Bangkok stood out with exceptional RGI scores of 119 and 117, respectively. The company’s food and beverage business also maintained strong momentum, with “EA” Rooftop at The Empire emerging as one of the top revenue-generating venues. These results highlight AWC’s strength in managing premium assets and leveraging strategic global partnerships to attract high-to- luxury travelers effectively. The Commercial Business Unit remains strong, driven by AWC’s Lifestyle Destination model. AWC remains committed to supporting and instilling confidence in its tenant partners, resulting in a record-high tenant retention rate of 99% in the past quarter, despite elevated market-wide relocation rates. Global corporate tenants continue to place their trust in AWC’s unique model, including co-living and lifestyle-integrated office spaces, along with exclusive benefits from its affiliated hotel network. The company also emphasizes the development of green-certified buildings and adherence to rigorous safety and structural standards, assuring the well-being of all stakeholders. This reflects AWC’s unwavering dedication to delivering world-class property developments. AWC's Commercial Business Unit continues to grow remarkably, driven by efficient management and development under AWC’s Lifestyle Destination concept, which includes both retail and office buildings. The segment also benefited from government economic stimulus measures implemented earlier in the year. For the shopping center business, adjustments made to align with the lifestyle preferences of target customers—such as at The Pantip Lifestyle Hub in Chiang Mai and The Pantip at Ngamwongwan—have led to consistent improvements in performance, with both occupancy and rental rates showing growth compared to the previous year. Asiatique The Riverfront Destination also maintained robust growth, with an ongoing increase in visitors, contributing to a continued recovery in occupancy and rental rates after the COVID-19 situation. In the office building sector, AWC focused on developing Lifestyle Workplaces to meet the needs of modern, high-quality tenants. As a result, the Commercial Business Unit posted total revenue of THB 2,386 million, a 16.9% YoY increase, while operating profit (EBITDA) reached THB 2,055 million, reflecting a 17.8% YoY growth. This has helped create a stable and continuous cash flow for the company. Expanding high-quality asset portfolio, boosts Thailand’s tourism potential on the global stage. AWC continues to drive its growth strategy in Q1/2025 by expanding its portfolio of high-quality assets to strengthen Thailand’s position as a global sustainable tourism destination. Key highlights include the launch of Meliá Pattaya Hotel, Thailand, the company’s first hotel in Pattaya under The Aquatique Destinations Pattaya project, the opening of the Club InterContinental and The ii Spa at InterContinental Chiang Mai The Mae Ping, showcasing the distinctive charm of Lanna art and culture, which attracts high-quality IHG Rewards members to Thailand. and the new Food Lounge zone at Gateway Ekamai. The initiative has driven a significant increase in customer traffic, effectively catering to the mid- to high-spending demographic in the Ekkamai area.AWC continues to expand its hotel and commercial portfolio with the Jubilee Prestige Tower project, the first and largest fully integrated Leisure MICE destination. The project is set to generate immediate cash flow and will feature both office space and a hotel, which will be developed into the JW Marriott Hotel Bangkok Ratchadapisek. Additionally, construction has begun on the landmark mixed-use project, Woeng Nakornkasem Yaowaraj, located in the heart of Chinatown, the largest of its kind for AWC. The project also features a large-scale parking facility and is seamlessly connected to the heart of Yaowarat via electric tram service, supporting sustainable tourism initiatives. In addition, AWC is set to continue creating excitement in Q2 with plans to launch the Pattaya Marriott Resort And Spa and the Jurassic World: The Experience project, aimed at delighting family and adding long-term value to Asiatique The Riverfront Destination. These developments not only reflect the growing business value of AWC’s high-quality asset portfolio but also reinforce the company’s ability to generate stable and sustainable cash flow over the long term. Committed to enhancing business potential and sustainability, AWC drives Thailand towards becoming a global sustainable tourism destination, in line with its mission of “Building Better Future For All.” Despite the economic volatility in Thailand early this year, AWC continues to execute its strategic plan with a strong business structure, focusing on high-potential markets and collaborating with leading global hotel partners that provide access to a network of over 650 million quality tourists worldwide. A diversified customer base, supported by a risk-spreading strategy and systematic impact management, has contributed to enhancing the company’s long-term, sustainable returns. At the same time, the company prioritizes safety standards; following the earthquake in late March, AWC swiftly conducted structural assessments of all projects in affected areas and received certified three-tier structural inspections by expert engineers and an independent inspection agency—ensuring safety and building trust among partners and clients across AWC’s portfolio. The company continues to enhance its business capabilities through sustainable operations. Under AWC’s Energy Efficiency Plan, in Q1/2025, the Company reduced energy consumption by 4,084 megawatt-hours and utilized electricity from solar energy 1,098 megawatt-hours. This resulted in electricity savings of THB 19.4 million and a reduction in greenhouse gas emissions of 2,590 tons of carbon dioxide equivalent. Additionally, efforts to enhance waste management within the project, as well as the implementation of reConcept initiative to promote a circular economy, are underway. Furthermore, the project supports and collaborates with local communities through The GALLERY. During the previous quarter, AWC also ranked No.1 worldwide in the Hotels, Resorts & Cruise Lines sector from the Dow Jones Best-in-Class Indices and continued as a member of the S&P Global Sustainability Yearbook for the fourth consecutive year. Additionally, AWC was awarded Thailand’s Top Corporate Brands 2024 in the real estate development sector, reinforcing its position as Thailand’s real estate company with the highest brand value. With a steadfast commitment to creating tangible value for all stakeholders, AWC invites partners from all sectors to join in driving sustainability and “Building Better Future For All”.

May 13, 2025

Business

ClearVue Partners with Viridian Glass to Bring Power-Generating Solar Glass to New Zealand

ClearVue signs exclusive Manufacturing and Distribution Agreement with Viridian Glass, New Zealand’s largest and most established glass fabricator. Viridian Glass to locally produce ClearVue’s solar IGUs, which generate clean electricity from transparent windows, and distribute the full range of ClearVue’s building-integrated photovoltaic (BIPV) products — including solar spandrels and cladding. Partnership paves the way for net-zero energy buildings in New Zealand, offering architects and developers innovative tools for sustainable construction and carbon reduction. ClearVue continues its global expansion, with this latest agreement adding New Zealand to a growing list of licensed markets, including the USA, Australia, Singapore, Qatar, Saudi Arabia, South Korea, and South Africa. Solar glass now available in New Zealand Imagine buildings where the windows don’t just let in light — they also generate clean electricity. That vision is one step closer to reality in New Zealand, thanks to a major new partnership between smart building materials company ClearVue Technologies Limited (ASX:CPV) and Viridian Glass , New Zealand’s largest and most trusted glass processor. ClearVue has officially entered the New Zealand market through a landmark Manufacturing and Distribution Agreement with Viridian Glass Limited Partnership . Under this agreement, Viridian will manufacture and distribute ClearVue’s innovative solar-integrated glazing solutions, bringing cutting-edge technology to the region’s booming sustainable building sector. Power from the Façade: The Future of Sustainable Buildings ClearVue’s advanced solar glazing technology transforms traditional glass surfaces — such as façades and windows — into power-generating assets. Instead of being passive features prone to energy loss, ClearVue glass products generate renewable energy while reducing solar heat gain, making buildings more energy-efficient and environmentally responsible. This is a game-changer for architects, developers, and property owners looking to meet net-zero goals. With ClearVue, even a building’s windows contribute to sustainability — generating electricity during daylight hours while reducing the need for air conditioning and artificial lighting. “ We are excited to partner with Viridian Glass, the market leader in glass processing in New Zealand. This agreement represents a significant step in expanding ClearVue’s presence in the region and making our innovative solar glazing solutions more accessible to the New Zealand market ,” said Martin Deil, Global CEO of ClearVue. “ This expansion supports the country’s strong commitment to sustainability and will give local builders and developers direct access to our innovative solutions .” A Perfect Match: ClearVue and Viridian Glass Viridian Glass has been a household name in glass across New Zealand and Australia for decades. With over 130 years of history, and a network of offices and processing facilities across both countries, Viridian employs hundreds of glass specialists and supplies both residential and commercial projects nationwide. Viridian glass, operating in both Australia and New Zealand, is uniquely positioned to bring ClearVue’s energy-generating glass to a wide range of construction projects — from high-performance homes to commercial towers and government buildings. “ ClearVue’s technology aligns perfectly with what our customers are asking for: smart, sustainable, and future-ready building materials ,” said Nigel Rigby, CEO of Viridian Glass New Zealand. “ Together, we’re not just supplying glass — we’re helping to power the buildings of tomorrow .” Creating a Greener Urban Landscape This agreement not only gives ClearVue exclusive access to a forward-thinking partner in New Zealand, but it also supports the country’s broader push for renewable energy adoption and energy-efficient building codes. As cities grow and the pressure to decarbonize increases, solutions like ClearVue’s BIPV glass provide a seamless and aesthetically pleasing way to generate on-site energy — without compromising design. It’s also part of ClearVue’s global expansion strategy, which includes partnerships with leading international manufacturers, as the company builds a robust, planet-spanning network of licensed partners to deliver their technology to customers. About ClearVue Technologies ClearVue Technologies (ASX:CPV) is a global leader in solar-integrated glass technology. By embedding photovoltaic cells into insulated glass units, ClearVue transforms traditionally passive building surfaces into active power generators — revolutionizing the role of glass in modern architecture. About Viridian Glass Viridian Glass has been shaping the Australasian and New Zealand glass industry for more than a century. As the largest processor of glass in New Zealand, Viridian is dedicated to innovation, quality, and creating beautiful, energy-efficient spaces through the power of natural light and advanced glazing solutions.

May 9, 2025

Business

Thai Union Group Receives Landmark USD 150 Million Blue Loan from Asian Development Bank to Advance Sustainable Shrimp and Climate Goals

Thai Union Group PCL, the world’s seafood leader, has secured a landmark USD 150 million Blue Loan from the Asian Development Bank (ADB) a first for the seafood industry in Thailand. This milestone sets a new benchmark for sustainable finance in aquaculture, reinforcing Thai Union’s commitment to responsible sourcing, sustainable seafood production, and climate resilience. The financing package includes an ADB A-Loan and a syndicated B-Loan with commercial co-financing partners - Bank of China (Hong Kong) Limited, HSBC, MUFG Bank Ltd, OCBC, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Limited. Proceeds will be used to scale Thai Union’s sustainable shrimp procurement in Thailand – a key pillar of its SeaChange® 2030 global sustainability strategy to support its ambition to reach net zero greenhouse emissions by 2050. Through the Blue Loan, Thai Union will expand sourcing of sustainable shrimp – shrimp certified under schemes recognized by the Global Sustainable Seafood Initiative (GSSI), including the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP), or sourced from farms engaged in credible Aquaculture Improvement Projects (AIPs). The approach emphasizes both environmental sustainability, such as biodiversity protection, feed traceability, and lower carbon emissions from the use of renewable energy, improved FCR, and preventing deforestation, along with social responsibility, including fair labor practices and community engagement. “Sustainability sits at the heart of our business, and this Blue Loan represents an important step in our journey,” said Thiraphong Chansiri, CEO of Thai Union Group. “We are honored to be ADB’s first private sector partner in the seafood industry in Thailand, and the first in the seafood industry to secure a loan of this kind. The funding will accelerate our sustainable sourcing efforts and strengthen our contribution to ocean health, food security, and climate action. We hope this model will inspire other seafood companies to follow.” “This marks ADB’s first blue loan in the aquaculture sector in Thailand,” said Anouj Mehta, Country Director of ADB Thailand Resident Mission. “Aquaculture is one of the most efficient sources of animal protein, supplying over half of the world’s seafood. While it holds great potential to enhance food security for a growing global population, the sector also faces risks due to climatic conditions and environmental challenges. These include habitat loss, pollution, and increased pressure on deforestation and overfishing due to rising demand for aquafeed. This transaction seeks to address these challenges and serves as a strong case study for sustainable shrimp procurement to strengthen resilience and promote inclusiveness across the supply chain.” Beyond advancing Thai Union’s own sustainability goals, the Blue Loan supports Thailand’s national commitments on climate action and sustainable development. It is also closely aligned with ADB’s Strategy 2030, which prioritizes climate resilience, rural development, and inclusive economic development. Due to its alignment with the project category of sustainable aquaculture, the loan is labelled as blue under Thai Union’s Blue and Green Finance Framework, which was developed with technical assistance from ADB, and received third-party assessment from DNV, an independent expert in assurance and risk management. It is the first framework to align with Thailand’s draft Taxonomy (Phase 2) and is fully consistent with international standards, including the International Capital Market Association principles and Bonds to Finance the Sustainable Blue Economy: A Practitioner’s Guide . The framework, which was launched in April, also aligns with the UN Environment Programme’s Sustainable Blue Economy Finance Principles, and provides clear criteria for use of proceeds, management of funds, and impact reporting – ensuring transparency and replicability. ### About Thai Union Thai Union Group PCL is the world’s seafood leader, delivering high-quality, healthy and innovative products to consumers around the world since 1977. The company is one of the largest producers of shelf-stable tuna and recorded sales of over THB 138 billion in 2024, supported by a global workforce of more than 44,000. Guided by its vision to become the world’s leading marine health and nutrition company, and its commitment to “Healthy Living, Healthy Oceans,” Thai Union’s diversified business spans ambient and frozen seafood, value-added, alternative proteins, PetCare, and sustainable aquaculture feed. Its brand portfolio includes global names such as Chicken of the Sea, John West, Petit Navire, King Oscar, Rügen Fisch, and SEALECT. Through its SeaChange® 2030 sustainability strategy, Thai Union is delivering impact for both people and planet. The company has been listed on the Dow Jones Sustainability Indices for 11 consecutive years and the FTSE4Good Emerging Index for nine. Learn more at seachangesustainability.org and www.Thaiunion.com ### For more information, please contact; Kanyarat Kiatchairin 064-949-6594 or [email protected]

May 8, 2025

Business

CATL Launches World's First 9MWh Ultra-Large Capacity TENER Stack Energy Storage System Solution

CATL today unveiled the TENER Stack, the world's first 9MWh ultra-large capacity energy storage system solution set for mass production at ees Europe 2025, representing a strategic leap forward in capacity, deployment flexibility, safety, and transportability. In response to fast-growing global energy demands, from AI-driven data centres to industrial electrification, TENER Stack is engineered to help utilities, developers, and industrial users unlock greater economic value from every square metre of installation. "CATL has always been at the forefront of the energy transition," said Amanda Xu, CTO ESS & President of ESS Europe CATL. "To meet the expectation of a BESS system that has high energy density, small footprint, simpler AC-side configuration, and flexible deployment, we bring the latest CATL TENER energy storage solution. It breaks the limitations of power capacity and product transportation, and makes breakthroughs in space utilization, energy efficiency, and cost." Breakthrough Capacity And AC-Side Compatibility TENER Stack incorporates CATL's high-energy-density cells with five-year zero degradation technology, achieving a 45% improvement in volume utilisation and a 50% increase in projected energy density compared to conventional 20-foot container systems. The internal capacity reaches up to 9MWh, which is adequate to charge 150 electric cars or power an average German household for six years. To enhance compatibility and system efficiency, TENER Stack supports both centralised and string PCS (Power Conversion System) architectures. This dual-technology path ensures seamless integration with mainstream AC-side equipment and a wider array of grid applications. The superior space efficiency of TENER Stack delivers significant economic value. For instance, deploying 800 MWh of storage using TENER Stack requires nearly one-third fewer containers than traditional 6 MWh systems. This reduces the number of PCS units and hidden costs associated with system oversizing, and increases land-use efficiency by 40%. Overall, developers can expect up to 20% optimisation in total station construction costs. Transport Without Compromise In response to logistical challenges associated with transporting containers exceeding 36 tonnes, the legal threshold in many countries, CATL has developed the "two in one" design. Each half-height unit is strictly controlled under 36 tonnes, ensuring compliance with transport regulations across 99% of global markets. This innovative split design allows for standard shipping methods, including standard container spreaders and liners, significantly reducing waiting times and specialised transport costs by up to 35%. With a lower centre of gravity and flexibility for height-restricted routes, TENER Stack can easily adapt to unique transport scenarios such as bridges and rural areas, highlighting the advantages of its innovative structural design. Advanced Safety Standards and Thermal Management With fire safety under global scrutiny, TENER Stack leverages CATL's robust LFP battery chemistry, known for its inherent thermal stability. Upgraded gas sensors offer 40% higher sensitivity, triggering suppression systems 35% faster. A new triple-layer insulation design boosts fire resistance to two hours and the system meets IEEE693 seismic standards, enduring magnitude 9 earthquakes and Category 5 hurricanes. Additionally, an overhead TMS (Thermal Management System) design reduces thermal radiation, cuts land and maintenance costs, and keeps noise to 65dB(A) at one metre which is ideal for urban use. Not Just Batteries, But an Energy Vision By the end of November 2024, CATL's ESS products were deployed in over 1,700 projects across the world, spanning all climate zones and operating environments. In 2023, recognizing the evolving and changing needs of the customers, CATL unveiled TENER, a twenty-foot equivalent unit (TEU) containerized energy storage system with 5-year zero degradation technology, and TENER FLEX, a rack energy storage system for flexible deployment. TENER Stack builds on the proven performance of CATL's TENER and TENER FLEX series, combining the benefits of previous models with new levels of capacity and transportability. With TENER Stack, CATL reinforces its commitment to helping global partners accelerate the energy transition, delivering more power in less space, safely and sustainably. "TENER Stack, giant, flexible, reliable and quiet. We are not only delivering an energy storage product, but a solution for energy accessibility that can be applied globally," said Hank Zhao, CTO of ESS Europe CATL. "9 MWh is not the limit of the energy capacity or space. Every breakthrough in energy density in the future will unleash greater energy value from a smaller footprint."

May 8, 2025

Technology

Lunit to Power Germany’s Largest Private Radiology Network with AI Imaging

Lunit (KRX:328130.KQ), a leading provider of AI for cancer diagnostics and therapeutics, today announced a strategic partnership with Starvision Service GmbH, Germany’s largest private radiology network. Through a newly signed framework agreement, Lunit’s AI imaging solutions will be deployed across Starvision’s expansive network of radiological practices. Starvision operates 79 locations across seven German federal states, delivering services in radiology, nuclear medicine, and radiation therapy. As a recognized leader in the DACH healthcare market, Starvision is known for its commitment to digital transformation, operational excellence, and high-quality patient care. Under the agreement, Starvision will adopt several of Lunit’s AI solutions, including: Lunit INSIGHT CXR: AI-based chest X-ray analysis Lunit INSIGHT MMG: Mammography analysis solution Lunit INSIGHT DBT: Digital breast tomosynthesis interpretation RBfracture: AI-driven fracture detection The first commercial deployments are already underway—including use of Lunit INSIGHT MMG at Radiologische Allianz in Hamburg, supporting the Hamburg breast cancer screening program under the Starvision network. Together with deployments at Die Radiologie, a major regional hospital group operating over 20 medical sites across Bavaria, Lunit’s solutions are now supporting approximately 120,000 breast cancer screenings and diagnoses annually across the two institutions. The five-year framework agreement allows additional Starvision locations—and newly affiliated practices—to join at any time, enabling broad scalability across the network. New deployments and clinical trials are already in progress, with individual agreements being signed across Starvision’s entities as part of a phased implementation plan. Beyond Starvision, several other healthcare providers across Germany have also expressed interest, reflecting the expanding demand for AI-driven imaging solutions. “Lunit’s AI solutions support our radiologists in delivering fast and accurate diagnoses. This strengthens diagnostic confidence and gives us more time to focus on what truly matters: the individual care of our patients,” said Uwe Pfeifer, CEO of Starvision Service GmbH. “Partnering with Starvision accelerates our vision of bringing AI-powered precision diagnostics into everyday clinical practice," said Brandon Suh, CEO of Lunit. "Together, we are advancing a new era of radiology where technology enhances the expertise of physicians, delivering better outcomes for millions of patients in Germany and beyond.” The partnership supports both companies’ vision of transforming healthcare through intelligent technology and setting new standards in radiology.

May 8, 2025

Business

Cathay Pacific brings a redesigned lounge experience to The Bridge at Hong Kong International Airport

Cathay Pacific is excited to once again welcome customers to The Bridge, its much-loved lounge at Hong Kong International Airport (HKIA) that officially re-opened its doors to guests today. Occupying a prime intersection at the airline’s home hub, The Bridge has been redesigned with a host of new, unique features as well as familiar favourites to provide customers with an elevated experience before their flights. The reopening of The Bridge marks the first stage in Cathay Pacific’s wider lounge enhancement plan in Hong Kong and beyond. It comes as the airline prepares for the renovation of The Wing, First – which will close on 23 May and reopen in 2026 – followed by The Wing, Business at its Hong Kong hub, ensuring that customers continue to enjoy a premium lounge experience during the renovation of these lounges. Another of the airline’s Business class lounges, The Deck, is also being enhanced. From 21 May, The Deck will serve as an interim First class lounge during the renovation of The Wing. Eligible customers can also continue visiting The Pier, First and The Pier, Business during this time. Over the next two years, Cathay Pacific will be launching new flagship lounges in Hong Kong, Beijing and, for the very first time, New York as part of the Cathay Group’s over HK$100 billion investment into new aircraft, cabin products, lounges and digital innovations. Human-centric design Located conveniently near Departure Gate 35 at HKIA’s Terminal 1, the newly redesigned The Bridge lounge continues Cathay Pacific’s dedication to human-centric design and placing its customers’ needs and wishes at the very heart of the design process. The Bridge brings together thoughtful propositions, design elements and material choices to create a residential ambiance, ensuring that customers feel welcomed, valued and cared for. General Manager Customer Experience Design Guillaume Vivet said: “Our goal was to create a space that feels genuinely welcoming — one that reflects our commitment to thoughtful, human-centric design. “From the furniture and dining to the scent and music, every detail has been carefully considered to enhance comfort and contribute to a relaxed, refined atmosphere. The result is a space where customers can truly unwind – a retreat designed to enrich their journey and leave a lasting impression with every visit.” Aesthetics The cherry wood, framed screens and black granite and travertine at The Bridge, along with carefully selected plants, furniture pieces, and original artworks from the airline’s award-winning “Gallery in the Skies” concept, come together to foster a residential, cohesive and harmonious environment. Reception To provide an innovative and streamlined check-in process, The Bridge will soon be the first Cathay Pacific lounge that adopts a biometric check-in system, complemented by a traditional check-in desk. Dining and Relaxation The Bridge is divided into the left and right-hand sides, with the left offering Chinese favourites and delicacies, and the right focused on international culinary delights. On the left-hand side, customers can visit Cathay Pacific’s iconic Noodle Bar serving signature dishes and all-time favourites such as wonton and dan dan noodles, and dim sum. The rotating menus are further enriched by new Chinese favourites, from main dishes such as biangbiang mian to braised beef shin with cauliflower, to punchy vibrant salads and delectable desserts. In addition, this side of The Bridge features The Nook, a brand-new concept for Cathay Pacific’s lounges that complements and extends the culinary offerings of the Noodle Bar, while also expanding the dining seating into this cosy corner. Customers will discover a curation of Chinese regional small plates and lighter options packed with punchy flavour and texture, such as made-to-order savoury filled bao, crispy scallion pancakes and steaming rice rolls. A custom dim sum cart, as much a piece of furniture as it is functional, and reminiscent of Hong Kong restaurants, brings something new yet familiar. The right-hand side boasts a dedicated space for First class customers and Cathay Diamond members to unwind in comfort and privacy while being looked after by the engaging Cathay team. Also on this side of the lounge and part of the international offering is the Food Hall, which features front-of-house ovens for an elevated oven-to-plate concept. Wholesome, comforting and familiar, the menu boasts individual casseroles such as beef bourguignon and Provencal vegetable bakes, alongside freshly baked pastries, vibrant salads and moreish desserts. The Bar, with its impressive panoramic views of the runway, is the perfect place for customers to enjoy expertly crafted cocktails, barista coffees or a glass of Champagne while chatting with the engaging Cathay bartenders. With a dedicated relaxation area outfitted with the airline’s bespoke Solo Chairs, customers are treated to an elevated lounge experience unlike any other. For more information on The Bridge, please visit www.cathaypacific.com .

May 8, 2025

Business

NX China conducts tree-planting activities in South and North China

Nippon Express (China) Co., Ltd. (Chairman: Sumitomo Matsuo; hereafter "NX China"), a group company of NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri), conducted tree-planting activities in South China on Saturday, March 29 and in North China on Saturday and Sunday, April 19 and 20. (Group photo in South China) (Group photo in North China (Dalian)) Cognizant of its social and public missions as a logistics company, the NX Group is working to achieve sustainable societies through proactive communication with local communities and community-rooted social contribution activities. As part of its environmental and social contribution activities, NX China recently conducted tree-planting activities in South and North China. Under the theme of "Planting Greenery and Welcoming the Advent of Spring Together", NX China undertook a tree-planting effort at the Chinese Academy of Sciences' South China Botanical Garden in Guangzhou, China. The thirty employees and family members involved in this effort planted 33 chinaberry tree saplings. Botanical garden staff members explained to them the characteristics and benefits of chinaberry trees, giving the participants a valuable opportunity to appreciate the importance of nature. In North China, tree-planting activities were carried out at four locations: Beijing, Tianjin, Qingdao, and Dalian. Under the theme of "Planting Greenery in the Spring Mountains, Sharing the Light of Spring, and Building a Green Future Together," 154 employees took part in these activities and planted more than 100 saplings, including pine, ginkgo, magnolia, persimmon, apricot, peach, and cherry trees. Quiz contests on ecosystems was also held, enabling employees to get to know each other better while learning about nature. These events provided employees with opportunities to become more aware of environmental issues, and the feedback they offered included such comments as "I feel an exceptional sense of accomplishment growing trees for the future with my own hands" and "I gained a visceral sense of the importance of environmental management". The NX Group will continue fulfilling its social development responsibilities by connecting people, companies, and communities, and will actively work to preserve the global environment to bring about sustainable societies.

May 8, 2025

Business

Fujifilm Signs MOU with Tata Electronics to Build Semiconductor Materials Ecosystem in India

FUJIFILM Corporation today announced that it has signed a Memorandum of Understanding (MOU) with Tata Electronics Private Limited (Tata Electronics), a leading electronics manufacturing company, for partnership to establish semiconductor material production and supply chain in India. Fujifilm will contribute to the formation of a semiconductor materials ecosystem in India by developing and providing semiconductor materials that meet the needs of Tata Electronics, which is currently constructing India's first semiconductor front-end manufacturing plant and a large-scale semiconductor back-end manufacturing plant. While demand for semiconductors is increasing with the acceleration of global digitization, India currently relies on imports for the majority of its semiconductor needs. The Indian government is prioritizing domestic semiconductor production as a critical economic and strategic initiative. Tata Electronics is constructing a semiconductor front-end manufacturing plant in Dholera, Gujarat, and a semiconductor back-end manufacturing plant in Jagiroad, Assam, India. Fujifilm will leverage its strengths in a wide range of semiconductor materials, from front-end to back-end processes, to accelerate the development and supply of semiconductor materials tailored to the needs of Tata Electronics' extensive semiconductor manufacturing processes, thereby supporting the launch of its semiconductor manufacturing operations. Going forward, Fujifilm will consider establishing a semiconductor materials manufacturing facility in India and procuring raw materials locally, aiming to capture the demand of the rapidly growing semiconductor-related market in India. This will further accelerate the growth of Fujifilm's semiconductor materials business while contributing to the development of a robust semiconductor materials ecosystem in India. Fujifilm is a global supplier of photoresists*1, photolithography-related materials*2, CMP slurries*3, post-CMP cleaners*4, thin-film chemicals*5, polyimides*6, high-purity process chemicals*7, and other process materials for semiconductor manufacturing from front-end to back-end processes. Fujifilm is also expanding globally with products such as WAVE CONTROL MOSAIC™*8, which includes color filter materials for image sensors. Fujifilm will continue to contribute to the development of the semiconductor industry by providing one-stop solutions to solve customers' issues through our broad product lineup that covers almost all areas of the semiconductor manufacturing process, from cutting-edge to legacy nodes, as well as by leveraging its global stable supply system with manufacturing bases in major countries in Japan, the United States, Europe and Asia and its advanced research and development capabilities. *1 Material used to coat wafer substrate when circuit patterns are drawn in the process of semiconductor manufacturing. *2 Development solutions, cleaners and other materials used in the photolithography process of semiconductor manufacturing. *3 A proprietary formulation containing an abrasive that uniformly planarizes semiconductor surface, which contains a mixture of wires and insulation films of varying hardness. *4 Cleaners used after polishing with CMP slurry to remove particles, minute metal fragments and organic residues while protecting the metal surface. *5 Materials for forming low-dielectric insulation films. *6 A material with strong heat resistance and insulation properties, used for forming semiconductors’ protective films and rewiring layer. *7 High-purity chemicals used in the cleaning and drying processes. The chemicals are employed to remove contaminants during the cleaning and drying stages of semiconductor manufacturing, as well as to eliminate metals and oils during the etching process. *8 General term referring to a group of functional materials for controlling electromagnetic light waves in a broad range of wavelengths, including photosensitive color materials for manufacturing color filters for image sensors such as CMOS sensors, used in digital cameras and smartphones. WAVE CONTROL MOSAIC is a registered trademark or trademark of FUJIFILM Corporation. Contact Media Contact FUJIFILM Holdings Corporation Corporate Communications Division, Public Relations Group +81-3-6271-2000 Customer Contact FUJIFILM Corporation Electronic Materials Business Division E-mail: [email protected] * Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.

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Lunit to Power Germany’s Largest Private Radiology Network with AI Imaging

Cathay Pacific brings a redesigned lounge experience to The Bridge at Hong Kong International Airport

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Fujifilm Signs MOU with Tata Electronics to Build Semiconductor Materials Ecosystem in India

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