Month: September 2026

SUNNYVALE, Calif., Sept. 23, 2026 (GLOBE NEWSWIRE) — BioCardia, Inc. [Nasdaq: BCDA], a global leader in cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary diseases, today provided an update on near term milestones.

CardiAMP^® Autologous Cell Therapy for Ischemic Heart Failure

• BioCardia is working towards a Shonin pre-market regulatory submission to Japan’s Pharmaceutical and Medical Device Agency (PMDA) in Q4 2026. The Company has recently provided detailed responses to PMDA consultation questions and is working with experienced partners on the Shonin Application, the Quality Management System Application, and Foreign Manufacturer Registration. PMDA support for the submission and a successful submission review could result in market clearance by Q4 2027.

• The confirmatory CardiAMP HF II clinical study is actively enrolling in the United States at four engaged world class centers. The Center for Biologics Evaluation and Research (CBER) at the Food and Drug Administration (FDA) has indicated this study may support a Pre Marketing Application.

Helix™ Transendocardial Delivery Platform

• BioCardia intends to submit the follow-on De Novo pre-submission for the Helix Transendocardial Delivery Catheter System incorporating the FDA Center for Devices and Radiological Health (CDRH) this quarter. The FDA targets providing an initial acceptance/refusal review within 15 calendar days, and aims to issue written feedback or hold a meeting within 70 calendar days.

• An independent FDA clearance of Helix has the potential to expand BioCardia’s opportunities to partner with developers of investigational cell, gene and protein therapeutics requiring targeted delivery to the heart.

About BioCardia

BioCardia, Inc., headquartered in Sunnyvale, California, is a global leader in cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary disease. CardiAMP autologous and CardiALLO™ allogeneic cell therapies are the Company’s biotherapeutic platforms with three cardiac clinical stage product candidates in development. These therapies are enabled by its Helix biotherapeutic delivery and Morph^® vascular navigation product platforms, and soon the Heart3D™ fusion imaging platform. BioCardia selectively partners on biotherapeutic delivery with peers developing important biologic therapies. For more information, visit www.biocardia.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to many risks and uncertainties. Forward-looking statements include, among other things, statements relating to the timing and potential outcome of BioCardia’s regulatory submissions in Japan and the United States; the potential for the CardiAMP HF II trial to support Premarket Approval; submission for and subsequent market clearance of the Helix Transendocardial Delivery Catheter; business development and partnering opportunities; and the achievement of anticipated upcoming milestones.

These forward-looking statements are made as of the date of this press release. We may use terms such as “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately” or other words that convey the uncertainty of future events or outcomes to identify these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained herein, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from the forward-looking statements contained in this press release.

Factors that could cause or contribute to such differences include, but are not limited to, the Company’s liquidity position and its ability to raise additional funds, as well as the Company’s ability to successfully progress its clinical trials and regulatory programs. Additional factors that could materially affect actual results can be found in BioCardia’s Form 10-K filed with the Securities and Exchange Commission on March 24, 2026, under the caption titled “Risk Factors” and in its subsequently filed Quarterly Reports on Form 10-Q. BioCardia expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law.

Media Contact: 
Miranda Peto, Investor Relations
Email: mpeto@BioCardia.com 
Phone: 650-226-0120

Investor Contact:
David McClung, Chief Financial Officer
Email: investors@BioCardia.com
Phone: 650-226-0120

THIS NOTICE IS NOT INTENDED, EXPRESSLY OR BY IMPLICATION, IN WHOLE OR IN PART, FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED TO ANY JURISDICTION IN WHICH THE DISTRIBUTION OR DISSEMINATION OF THIS NOTICE WOULD BE UNLAWFUL. CERTAIN OTHER RESTRICTIONS APPLY. PLEASE READ THE IMPORTANT DISCLAIMER BELOW IN THIS NOTICE TO THE SECURITY EXCHANGE.

AB ‘Civinity’ (the ‘Company’) has prepared a base prospectus for a programme of fixed-rate bonds with a maturity of up to 4 years and a nominal value of up to EUR 50,000,000 (ISIN LT0000134413) (the ‘Bonds’) for the issue and admission to trading on a regulated market of bonds with a nominal value of up to EUR 26,650,000 (the ‘Programme’) (the ‘Prospectus’), approved by the Bank of Lithuania on 23 September 2026.

Bonds with a value of EUR 23,350,000 under the same Programme and ISIN LT0000134413 have already been issued previously:

      (i)      Bonds with a value of EUR 10,350,000 were issued on 17 July 2025 pursuant to the exemption provided for in Article 1(4)(d) of Regulation (EU) 2017/1129 (the Prospectus Regulation) (an offer of securities addressed to investors who acquire securities for a total amount of not less than EUR 100,000 per investor);

      (ii)      Bonds with a value of EUR 13,000,000 were issued on 17 June 2026 in accordance with the prospectus dated 17 July 2025 for the issuance and admittance to trading on the regulated market of bonds with a total value not exceeding EUR 50,000,000, approved by the Bank of Lithuania on 18 July 2025.

The remaining amount of Bonds that may be issued and admitted to trading on the regulated market of AB ‘Nasdaq Vilnius’ pursuant to this Prospectus is EUR 26,650,000. All Bonds already issued under the Programme and those to be issued subsequently will be issued with a single ISIN code of LT0000134413 under the same Programme.

IMPORTANT NOTICE:

Legislation in certain jurisdictions may restrict the right to distribute this announcement and other information relating to securities. Persons who receive this announcement or other relevant information must familiarise themselves with and comply with such restrictions. This announcement is not intended for distribution to news agencies in the United States or for dissemination in the United States or in any other jurisdiction where such dissemination is not permitted. Furthermore, the securities referred to in this notice have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to persons in the United States, unless such securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is obtained. No public offering of securities will be made in the United States of America.

This notice does not constitute an offer or a solicitation to sell or to purchase securities or investments in any jurisdiction where such an offer or solicitation would be unlawful. The Prospectus is the only legally binding document containing information about the Company, the Bonds and their admission to trading on a regulated market. The Prospectus is published on the Company’s website at https://www.civinity.com/lt/investuotojams/, as well as at www.nasdaqbaltic.com.

The approval of the Prospectus should not be regarded as an endorsement of the quality of the Bonds to be admitted to trading on a regulated market. Prospective investors are advised to read the Prospectus before making an investment decision so that they understand all the potential risks and returns associated with the decision to invest in the Bonds.

Person responsible for the publication of information:

Darius Alutis

Head of the Legal Department at AB “Civinity”

Email: darius.alutis@civinity.com

Mobile: +370 613 06099

Attachments

• LB Sprendimas_Civinity_2026_428-75
• Prospectus_retail_(Civinity) (2026_09_22)(FINAL)

Not for distribution to U.S. Newswire Services or for dissemination in the United States.

TORONTO, Sept. 23, 2026 (GLOBE NEWSWIRE) — Real Estate Split Corp. (TSX: RS and RS.PR.A) (the “Company”), is pleased to announce the Company has completed the overnight offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) for aggregate gross proceeds of approximately $21.5 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange under the existing symbols RS (Class A Shares) and RS.PR.A (Preferred Shares).

The Class A Shares were offered at a price of $9.15 per Class A Share to yield 17.0%. and the Preferred Shares were offered at a price of $10.45 per Preferred Share to yield 4.6% to maturity. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the net asset value per unit of the Company on September 9, 2026, as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.

The Company has been designed to provide investors with a diversified, actively managed, high conviction portfolio comprised of securities of leading North American real estate companies.

The Company’s investment objectives for the:

Class A Shares are to provide holders with:
	(i)	non-cumulative monthly cash distributions; and
	(ii)	the opportunity for capital appreciation through exposure to the portfolio
Preferred Shares are to:
	(i)	provide holders with fixed cumulative preferential quarterly cash distributions; and
	(ii)	return the original issue price of $10.00 to holders upon maturity.

Middlefield Limited provides investment management advice to the Company.

The syndicate of agents for the offering was co-led by CIBC Capital Markets, RBC Capital Markets, and Scotiabank, and included National Bank Financial Inc., Canaccord Genuity Corp., Hampton Securities Limited, BMO Nesbitt Burns Inc., CI Investor Services Inc., iA Private Wealth Inc., Raymond James Ltd., Manulife Wealth Inc., Ventum Financial Corp., Wellington-Altus Private Wealth Inc., Desjardins Securities Inc., and Research Capital Corporation.

For further information, please visit our website at www.middlefield.com or contact our Sales and Marketing Department at 1.888.890.1868.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. This offering was made by a prospectus supplement dated October 24, 2024, to the Company’s short form base shelf prospectus dated January 11, 2023 (the “Prospectus”). The Prospectus contains important detailed information about the Class A Shares and Preferred Shares being offered. Copies of the Prospectus may be obtained from your CIRO registered financial advisor using the contact information for such advisor. Investors should read the Prospectus before making an investment decision. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.ca.

• AI powered charging enables Geely’s fastest production-ready charging performance to date.
• In real-world tests, saw Lynk & Co 10 and Zeekr 001 charge 10% to 70% in 4 minutes 30 seconds, and 10% to 97% in 8 minutes 40 seconds.
• AI thermal management maintains average battery temperature of 55°C and limit peak temperature to under 65°C during fast charging.
• Industry’s first five-point liquid cooling system eliminates bottlenecks by managing heat throughout entire charging chain.
• Lithium-ion pulse restoration technology uses micro-pulse currents to reverse damage from fast charging, adding up to 20% more battery cycle life.
• Next-gen Ultra Short Blade Battery cut heat during charging by 10% while increasing peak charging rate to 6C for affordable models.

NINGBO, China, Sept. 23, 2026 (GLOBE NEWSWIRE) — Geely Auto Group today introduced Geely Smart Charging, its next-generation AI-powered charging technology, bringing AI into energy management to deliver faster charging while reducing heat, increasing safety and improving long-term battery health.

At the heart of Geely Smart Charging is Xingrui PowerMind, a smart energy AI model jointly developed by Geely Auto Group and StepFun. By coordinating the vehicle, battery, charging station, cloud, grid and energy storage system, PowerMind allows charging to move beyond conventional power delivery.

The technology debuts alongside the Fifth-Generation Geely Smart Charging Station, which delivers peak charging power up to 2,250 kW, as well as the Next-Gen Ultra Short Blade Battery.

Using AI to Manage Heat Before It Becomes a Problem

Geely’s new AI-powered charging technology uses algorithms to predict battery temperatures up to 30 seconds ahead and adjust charging power dynamically, rather than reacting only after temperatures rise.

The system is designed to keep the battery’s average charging temperature below 55°C, while limiting peak temperature to below 65°C.

It is supported by an end-to-end five-point liquid-cooling system that manages heat across the entire charging chain from the charging station energy-storage battery, charging pile, charging cable, charging port, to battery pack.

From Fast Charging to Intelligent Battery Care

Geely Auto Group is also applying AI to one of the most persistent consumer concerns around ultra-fast charging: its impact on battery longevity.

Geely Smart Charging can create a charging strategy tailored to each vehicle and battery via Xingrui PowerMind adjusting peak current, cooling intensity and charging duration in real time.

The Group has additionally developed lithium-ion pulse restoration technology, which uses micro-pulse currents to reactivate lithium ions accumulated at the negative electrodes during repeated fast charging.

By combining AI charging management with battery restoration technology, Geely is able to increase battery cycle life by 20%.

For home charging, the Group has developed a low-rate charging strategy designed to gradually fix degradation from repeated fast charging and protect battery cells over the battery’s lifecycle.

Taking Ultra-Fast Charging Beyond Raw Power

The Group’s approach pairs high-power charging hardware with AI-based power management that continuously adapts to the vehicle and battery.

The fifth-generation Geely Smart Charging Station supports peak charging power of 2,250 kW and introduces an AI fast charging function that aligns charging power with the battery’s real-time condition.

The Shendun Golden Battery, developed for ultra-fast charging and high performance, supports a peak charging rate of 12C.

In real-world tests, the battery used in the Lynk & Co 10 and Zeekr 001 charged from 10% to 70% in 4 minutes 30 seconds, and from 10% to 97% in 8 minutes 40 seconds — Geely’s fastest production-ready charging performance to date.

Geely Auto Group also introduced the Next-Gen Ultra Short Blade Battery, focused on longevity and safety while improving charging performance. It uses Geely-developed laser-welding technology for cell tabs and covers, cutting heat during charging by 10%. Its peak charging rate rises to 6C.

About Geely Auto Group

Geely Auto Group is a leading global automotive company headquartered in Hangzhou, China. Part of Zhejiang Geely Holding Group, Geely Auto Group develops and manufactures passenger vehicles under the Geely, Lynk & Co, and Zeekr brands.

With a strong focus on technology innovation, electrification, and sustainable mobility, Geely Auto Group operates world-class R&D centers and manufacturing facilities across China, Europe, and key international markets. The Group is committed to delivering safe, high-quality, and intelligent vehicles enabled by advanced technologies such as hybrid powertrains, full-electric architectures, smart connectivity, and autonomous driving systems.

As a global company, Geely Auto Group continues to expand its international presence through strategic partnerships, localized operations, and industry-leading platforms. Geely strives to create mobility solutions that are greener, smarter, and more accessible, driving forward the future of sustainable transportation.

Media Contact
Company: Geely Automobile Holdings (HangZhou) Co.Ltd
Contact Person: Geely Auto Group Media Relations Janet Chen
Email: media@geely.com
Website: global.geely.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/431d3028-b466-4bcf-aa66-5ffcee600d33
https://www.globenewswire.com/NewsRoom/AttachmentNg/a25e199e-3519-4b27-a027-362a6651c252
https://www.globenewswire.com/NewsRoom/AttachmentNg/700708a5-99be-4f27-be62-3f738bc94481
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Redesigned shot-tracking, GPS and AI-analytics platform is designed to give golfers of every skill level clearer insight into their game

PALO ALTO, Calif., Sept. 23, 2026 (GLOBE NEWSWIRE) — Game Your Game, Inc. (Nasdaq: GYGY) (“Game Your Game” or the “Company”), an AI-powered sports performance technology company, today announces that GameGolf KZN AI, its next-generation golf performance platform, is now available for purchase at gamegolf.com.

Following an initial limited release, Game Your Game has completed the transition of the GameGolf KZN AI™ platform from limited release to full commercial availability for golfers seeking a more intelligent, connected and actionable way to track and improve their performance.

“GameGolf is where our vision becomes real for golfers,” said Soumya Das, Chairman and Chief Executive Officer of Game Your Game. “With full commercial availability, every golfer can now put that vision to work on their own game. We designed GameGolf KZN AI™ to understand how you play and help you play better, and starting today, it is available for purchase.”

From Shot Tracking to Game Intelligence

GameGolf KZN AI™ is designed to go beyond traditional shot tracking. The platform brings together:

• Automatic shot tracking to capture a golfer’s performance throughout a round
• Advanced GPS with mapped courses and on-course positioning
• AI-powered analytics designed to identify patterns and opportunities for improvement
• Personalized performance insights based on a golfer’s own game
• On-course intelligence to support smarter strategy and decision-making
• Connected hardware and software designed to provide a unified golf performance experience

GameGolf’s broader ecosystem is designed to create a continuous feedback loop between what golfers do on the course, how they perform, and how they can improve their game over time. GameGolf has been used by golfers in more than 140 countries since 2014. The platform’s course database and shot dataset of more than 36,000 golf courses mapped and an estimated 300 million shots recorded through January 2024 carry forward into GameGolf KZN AI™.

About Game Your Game, Inc.

Game Your Game, Inc. (Nasdaq: GYGY) is an AI-powered sports performance technology company. The Company develops and markets the GameGolf KZN AI™ platform — an integrated golf performance ecosystem of proprietary shot-tracking hardware and subscription-based software solutions. The platform leverages advanced GPS tracking, embedded neural network technology, and AI-powered analytics to provide golfers of all skill levels with real-time insights, on-course strategy recommendations, and personalized performance data. Game Your Game’s technology has been adopted by golfers in more than 140 countries, with over 36,000 golf courses mapped and an estimated 300 million shots tracked across the lifetime of its platform. The Company is headquartered in Palo Alto, California. For more information, visit www.gameyourgame.com. Altus Sports Group, Inc., a majority-owned subsidiary of Game Your Game, Inc., was formed in August 2026 to build a connected platform for the sports business across talent representation, athlete branding and sports marketing. For more information, visit www.altus-sports.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks and uncertainties, including, but not limited to, the ability of the GameGolf KZN AI™ platform and broader ecosystem to perform as intended and to meet golfers’ expectations; the Company’s ability to sustain full commercial availability of the platform, including its ability to manufacture, fulfill, support and service orders at scale; the risk of product defects, returns, warranty claims and negative customer reviews; the Company’s ability to obtain and maintain the regulatory approves and certifications required to sell its hardware in the markets it targets and/or operates; the Company’s ability to attract subscribers and to convert the first-year membership included with the device into paid renewals, and to retain subscribers thereafter; the Company’s ability to compete effectively in the golf technology market; and other factors identified in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, the Registration Statement on Form S-1 (File No. 333-296763) (as amended, the “Registration Statement”), which was declared effective by the SEC on July 28, 2026, and the final prospectus filed with the SEC pursuant to Rule 424(b)(4) that forms a part of the Registration Statement, and other periodic and current reports filed with the SEC from time to time and available for review at www.sec.gov. Furthermore, the Company operates in a competitive environment where new and unanticipated risks may arise. Accordingly, you should not place undue reliance on forward-looking statements as a prediction of actual results. The Company undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this press release, except as required by law.

Investor and Media Contact

KCSA Strategic Communications

Phil Carlson, Managing Director

GYGY@KCSA.com

QINGDAO, China, Sept. 23, 2026 (GLOBE NEWSWIRE) — Maase Inc. (NASDAQ: MAAS) (“MAAS” or the “Company”), an artificial intelligence (“AI”)-centric full-scene digital systems provider and operator, today announced that it has entered into a securities purchase agreement (the “Agreement”) with certain investor. Pursuant to the Agreement, the Company intends to issue 3,878,856 Class A ordinary shares, par value $0.09 per share, in a private investment in public equity (“PIPE”) financing for expected gross proceeds of approximately $50.0 million. The PIPE financing is priced at US$12.89 per share.

The investor in the PIPE financing, is a financial investment institution with a focus on AI infrastructure. Under the Agreement, the Class A ordinary shares to be issued to the investor in the PIPE financing will be subject to a 36-month lock-up. The closing of the PIPE financing remains subject to customary closing conditions and is expected to occur in October 2026.

The gross proceeds from the US$50 million PIPE financing will be primarily allocated to the following two strategic priorities, with the remaining proceeds used as working capital for market expansion, recruitment of core R&D talent, and delivery of the Company’s existing AI computing and enterprise AI solutions projects:

1. Expansion of Star Distributed Intelligent Computing Centers: The proceeds are expected to be used for the procurement, deployment and technological iteration of containerized modular edge computing nodes, upgrades in unified computing capacity scheduling platform, and supporting green energy and energy storage integration projects. These investments are expected to support the fulfillment of the Company’s existing computing services contracts and enable it to serve additional enterprise AI computing demands.

2. Research, Development and Commercialization of the Lingyanmiaoyu ( referred to as ‘Lingyan’ ) Mixture-of-Experts (“MoE”) Large Language Model: The Company plans to invest in enhancing AI security and privacy-preserving computing capabilities; iterating enterprise private-deployment versions; continuously optimizing the consumer-facing access portal; and establishing datasets and an AI security laboratory to support the expansion of AI token services and customized large language model projects.

Dr. Zhifeng Li, Chief Technology Officer of MAAS, commented, “MAAS is committed to building a differentiated, integrated AI + energy platform. This PIPE financing reflects the investor’s recognition of the Company’s strategic direction and business growth prospects. The proceeds will be used to accelerate the scaled deployment of Star distributed computing nodes, advance the research and development of the Lingyan security-focused large language model, and support the continued delivery and fulfillment of existing enterprise customer projects. This PIPE financing continues the Company’s disciplined approach to capital allocation: maintaining prudent capital allocation and financing discipline while supporting business growth, introducing long-term capital aligned with the Company’s strategic vision, and supporting the next stage of growth.”

About MAAS

Maase Inc. (NASDAQ: MAAS) is an integrated provider and operator of an artificial intelligence (“AI”)-centric full-scene digital systems. Our businesses focus on areas of flexible energy deployment and intelligent commercial network operation, and provide closed-loop solutions from computing infrastructure, smart hardware and full-scene services, aiming to achieve large-scale implementation of AI technologies across industries. Powered by our dual engines of intelligent technology and ecosystem integration, through strategic industry consolidation and continuous improvement in operations, our mission is to build up an open and collaborative industrial ecosystem and provide our customers with efficient, reliable and sustainable intelligent products and solutions. We will continuously explore and consolidate high-quality technological and commercial resources globally and explore industrial application scenarios of AI technologies. For more information, please visit: https://ir.maaseai.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Among other things, statements regarding the Company’s strategies, business plans, future business development and prospects are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, but not limited to, the closing conditions under the Agreement will be satisfied or waived; whether and when the PIPE financing will be consummated; whether the Company will receive the anticipated proceeds from the PIPE financing; and whether the use of such proceeds will achieve the Company’s anticipated objectives and benefits; the Company’s goals and strategies; its future business development; the demand for and acceptance of its products and services; technological changes; the economic environment; its reputation and brand; the effects of competition and pricing; governmental regulation; and general economic and business conditions in the domestic and international markets in which the Company operates, as well as assumptions underlying or related to any of the foregoing risks and other risks disclosed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”). Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC, which are available for review at www.sec.gov.

Investor Relations Contact

For more information, please contact:
Investor Relations
Phone: +86-532-66030885
Email: ir@maaseai.com
Website: https://ir.maaseai.com/

LAVAL, Québec, Sept. 23, 2026 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS) one of the global leader in the accessibility industry, declared today a dividend of 4.916 cents ($0.04916) per common share, in accordance with its monthly dividend policy, payable on October 9, 2026, to shareholders of record of the Corporation at the close of business on September 30, 2026. This is an eligible dividend within the meaning of the Income Tax Act.

About Savaria Corporation

Savaria Corporation (corp.savaria.com) is one of the global leaders in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as elevators for home and commercial use, stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and dumbwaiters. In addition, Savaria manufactures and markets a comprehensive selection of pressure management products, medical beds, as well as an extensive line of medical equipment and solutions for the safe movement of patients, such as transfer, lifting and repositioning aids. The Corporation operates a sales network of dealers worldwide and direct sales offices in North America, Europe (UK, Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic) and Australia. Savaria employs approximately 2,600 people globally and its plants are located across Canada, the United States, Mexico, Europe and China.

For further information:
Sébastien Bourassa President and CEO 1. 800.661.5112  sb@savaria.com		Stephen Reitknecht, CPA, CA Chief Financial Officer 1.800.661.5112, ext. 3370 sreitknecht@savaria.com

Facebook : https://www.facebook.com/savariabettermobility
Instagram :https://www.instagram.com/savariacorp/
LinkedIn: https://ca.linkedin.com/company/savaria 

Engineers working closely with the customer support the Ningxia implementation as Ruanyun develops transport-specific AI capabilities for potential international distribution through Formind

KUALA LUMPUR, Malaysia, Sept. 23, 2026 (GLOBE NEWSWIRE) — Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”), an AI-driven education technology company, today announced that Cogni AI has been deployed for use in a highway engineering archive digitization project for Ningxia Communications Investment Engineering Construction Management Co., Ltd. (“Ningxia Engineering”). The implementation involves forward-deployed engineers (FDEs)—engineers who work closely with customers to adapt AI technology to their operating requirements. Ruanyun intends to use experience from the Ningxia project to develop reusable transport-specific capabilities and implementation methods, supporting Cogni AI’s broader commercialization through Formind.

Highway engineering archives require complete documents, consistent indexing and traceability to source records. The Ningxia implementation applies Cogni AI to these practical requirements, giving Ruanyun an opportunity to develop its technology around the preparation, checking and subsequent use of transport records.

Applying AI to Engineering Archive Delivery

Cogni AI currently supports three activities in the Ningxia project: extracting and structuring information for archive and file-level catalogues; comparing existing catalogue data with source documents to identify discrepancies; and checking scanned page numbers for missing, duplicated or incorrectly sequenced pages. These functions can support digital archive preparation and create structured information that could support later search and analysis.

The platform combines optical character recognition, document-layout analysis and information validation. Its architecture supports confidence assessment and review of extracted fields alongside source images, allowing uncertain results and quality exceptions to be checked by personnel.

Building Cogni AI Around Transport Operations

The engineering team connects the Ningxia implementation with the customer’s operating requirements. Ruanyun intends to use feedback from this work—including differences in document formats, processing exceptions and review needs—to inform future product development and the configuration of Cogni AI for transport customers.

The Company aims to identify which capabilities can be reused across customers and which need adaptation to particular records or systems. Potential reusable elements include document classification and extraction configurations, quality-checking workflows and implementation methods. As development progresses, the Company also intends to explore AI assistants that help users retrieve and interpret transport records within defined workflows.

“Our engineers need to understand how transport customers work and what makes their records useful. We want the experience from each implementation to inform future product development and help us identify capabilities that may be applicable across the industry. Through Formind, our ambition is to bring those capabilities to further markets with partners that can adapt, deliver and support them locally.”
Maggie Fu, Chief Executive Officer, Ruanyun Edai Technology Inc.

Extending Archive Search and Knowledge Services

The proposed next phase of cooperation would focus on a customized archive-search system using natural-language queries, together with analysis of the customer’s transportation-industry records. The aim is to help users find, interpret and use archived information, with potential further development into industry-specific knowledge services and AI assistants, subject to product development and customer requirements.

Any additional deployment would depend on the parties agreeing to the relevant scope and implementation arrangements. Ruanyun’s objective is to build on the existing document workflows as customer needs and product capabilities develop.

Developing International Distribution Through Formind

Ruanyun intends to pursue Cogni AI’s international commercialization through Formind Global Holdings Sdn. Bhd., its Malaysian operating company. As outlined in the Company’s June 2026 announcement, the strategy is to develop relationships with distributors and implementation partners that can bring the platform to institutional and enterprise customers in their local markets.

Experience from customer implementations could help Ruanyun develop transport-specific configurations, deployment guidance and support methods for prospective partners. The intended model combines reusable technology with engineering support where customers need adaptation to their documents, systems and operating requirements.

Through Formind, Ruanyun plans to pursue archive digitization providers, systems integrators and regional technology partners with local customer access and delivery capabilities. These partners could contribute language, procurement, integration and customer-support expertise. The Company believes its private-deployment approach could be relevant to institutions that need to process sensitive records within customer-controlled environments.

The opportunity is to apply implementation experience and reusable product capabilities across further markets. Reuse of customer records, proprietary information or customer-specific materials would require appropriate rights and permissions. International deployments would also depend on suitable partners, localization, customer validation and separate commercial agreements.

About Ruanyun Edai Technology Inc.

Ruanyun Edai Technology Inc. is an AI‑driven education technology company focused on intelligent content recognition, automated assessment and next‑generation learning systems. The Company has historically developed and provided AI‑enabled teaching, learning and assessment solutions, including smart homework, smart examination and digital education services. Subject to shareholder approval and applicable corporate and regulatory processes, the Company plans to transition toward the Formind Group identity as part of its broader strategy to expand its AI education, language learning, institutional education support and global technology initiatives.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable securities laws. All statements other than statements of historical fact are forward‑looking statements. Forward‑looking statements may be identified by words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “goal,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar expressions.

These statements include, among others, statements regarding the significance and anticipated benefits of the Ningxia application; proposed archive-search and knowledge-service cooperation; product development and performance; the anticipated benefits of forward-deployed engineering; development of reusable transport capabilities, industry-specific AI assistants and implementation methods; the potential expansion of customer relationships and commercial opportunities; entry into additional industries; Cogni AI’s broader commercialization; Formind’s intended role in international distribution; partner development, localization and the repeatability of delivery across markets; private-deployment suitability; and the planned Formind Group transition.

Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the Company’s ability to agree and perform additional work; develop and integrate the proposed capabilities and AI assistants; recruit, retain and deploy engineering personnel; standardize customer-specific work and manage engineering capacity and delivery costs; meet customer accuracy, security, implementation and acceptance requirements; secure appropriate data access and usage rights; comply with applicable archive, cybersecurity, privacy and other requirements; obtain customer adoption; secure and retain capable distributors and implementation partners; obtain necessary licensing and distribution rights; adapt language, product and support capabilities to local markets; meet applicable cross-border and local regulatory requirements; manage competition and delivery costs; and convert product use into sustainable commercial activity. Proposed expansion does not assure a future contract or revenue.

Forward-looking statements speak only as of the date of this press release. Additional risks are described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F. Readers should not place undue reliance on these statements. The Company undertakes no obligation to update any forward-looking statement except as required by law.

Investor Relations and Corporate Communications

FSR Capital, a FSR Group Company
Email: ir@fsr.group

NINGBO, China, Sept. 23, 2026 (GLOBE NEWSWIRE) — PN Smart Energy Limited (“PN Smart” or the “Company”) (NASDAQ: PN), a global independent power producer (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure, today announced that, through its key operating subsidiary PN Sunshine Pte. Ltd. (“PN Sunshine”), the Company and Limeon Digital Partners Pte. Ltd. (“Limeon”) have entered into a Framework Cooperation Agreement (the “Agreement”) to integrate artificial intelligence technologies into the operations and maintenance (O&M) of solar power plants.

The strategic partnership is designed to modernize solar asset management across PN Sunshine’s regional portfolio, which has an aggregate capacity of up to 15 MW. Under the framework, the companies intend to progressively deploy AI technologies across a cooperation scope covering up to 5 MW of installed capacity. The collaboration will focus on three primary operational upgrades:

• AI-based solar generation forecasting to optimize energy output.
• Predictive maintenance and equipment anomaly detection to reduce unplanned downtime.
• Remote site monitoring designed to reduce on-site staffing requirements.

“Integrating AI technology into our O&M workflow marks an important step in improving our operating performance across the Asia-Pacific region,” stated Weiqi Huang, Chief Executive Officer of the Company. “As our solar portfolio scales toward 15 MW, Limeon’s AI architecture is intended to help us move from reactive maintenance to intelligent, predictive asset management. This collaboration reinforces our commitment to maximizing energy yields, extending asset lifespans, and delivering sustainable, technology-enabled energy solutions to our stakeholders.”

Partnership Structure and Governance

To ensure a flexible and measured rollout, the Agreement sets out the overarching governance framework and general principles of the partnership. Specific operational details—including plant locations, technical key performance indicators (KPIs), implementation timelines, and financial terms—will be set out in subsequent, project-specific Project Implementation Agreements (PIAs).

Under the defined scope of cooperation, Limeon will develop, deploy, and maintain the necessary AI models and platforms while providing remote technical support. In turn, PN Sunshine will facilitate on-site personnel coordination and provide secure access to SCADA systems, inverter data, and historical operating data to support AI model development and deployment. Both companies will retain ownership of their respective pre-existing intellectual property.

About Limeon Digital Partners Pte. Ltd.

Limeon Digital Partners Pte. Ltd., based in Singapore, is an AI technology and architecture services provider. The firm’s core capabilities include AI algorithm optimization, industry-specific research and development, and distributed computing power scheduling for enterprise clients across Singapore, Hong Kong, and the wider Asia-Pacific market.

About PN Smart Energy Limited

PN Smart Energy Limited is an emerging independent power producer and clean energy infrastructure company. While the Company’s current revenue is anchored in solar equipment manufacturing—including solar cables, inverters, and energy storage distribution, it is strategically transitioning toward power generation assets. The Company develops and operates solar and wind power plants as an IPP, with the long-term goal of becoming a vertically integrated smart energy company that powers the future through clean energy. For more information, please visit the Company’s investor relations website at https://ir.pnsmartenergy.com/.

Forward-looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the risk that the proposed acquisition may not be completed on the contemplated terms or at all, and factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

PN Smart Energy Limited
T.T. Cai
Investor Relations
Email: ir@pnsmartenergy.com
Tel: +1 574 575 7170

WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wfsir.com
Tel: +1 628 283 9214

Achieved 10.8% growth on AI, RaaS & Smart Solutions Metric and 6.4% Total Revenue Growth

NEW YORK, Sept. 23, 2026 (GLOBE NEWSWIRE) — Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), a technology-enabled service company providing solutions in Agentic AI, smart solutions in automation, robotics, and secured logistics, today announced unaudited interim financial results for the first half of 2026 (1H 2026), ended June 30, 2026.

Operational Highlights

In the first half of 2026, Guardforce AI continued to make significant strides in developing AI, Robotics-as-a-Service (RaaS) & Smart Solutions by extending features and industry expertise to its AI-powered cross-border service intelligence connection platform, DeepVoyage Go (“DVGO”), and in fortifying the Company’s established position in Legacy Secured Logistics by executing business strategy of strengthening service coverage in Thailand’s upcountry areas.

Updates in AI, RaaS & Smart Solutions

• Expanded DVGO’s service ecosystem with destination-based travel service providers. By September 2026, DVGO has established service providers partnerships in Canada, China and Taiwan, initiating business footprint expansion in service capability in both Asia and North America.
• Released DVGO Workbuddy, which uses AI agents to help destination-based services providers structure and list their service capabilities into AI-discoverable and matchable service products, supporting easier onboarding and more effective matching between cross-border demand and suitable service capabilities.
• Extended Smart Retail Solutions partnership with a renowned sportswear brand in early 2026, adding six more store installations in 2026 and 2027.
• Acquired MGAI Limited (“MGAI”) in March, 2026 to extend AI for Service implementation in child education field. Later launched new autism intervention AI modules in MGAI, by partnering with Zhongmi Interconnection, an AI-driven technology company that focuses on rehabilitation of children with special needs including autism. This collaboration expanded service range from simply language rehabilitation to multiple autism intervention aspects such as behavioral and social skills.

Updates in Legacy Secured Logistics

• Maintained approximately 97% recurring revenue.
• Consolidated upcountry presence in Thailand by continuing to win new contracts from a government-owned bank in Thailand, adding hundreds of ATM location services under long-term contracts.
• Drove client mix transformation with approximately 14 retail clients among top 20 clients.

Financial Overview

Total revenue increased by $1.1 million, or 6.4% in 1H 2026, compared to 1H 2025. The AI, RaaS & Smart Solutions metric, which accounted for 13.9% of total revenue in 1H 2026, grew by 10.8% compared to 1H 2025, mainly due to increased demand by retail customers for Smart Solutions and acquired revenue from MGAI. Legacy Secured Logistics, which accounted for 86.1% of total revenue in 1H 2026, grew by 5.8% compared to 1H 2025, mainly due to the growth of the Company’s retail-focused service lines and upcountry business expansion strategy in Thailand and favorable foreign exchange translation.

Gross profit decreased by $6,003, or 0.2% for 1H 2026, compared to 1H 2025, as a result of an increase in labor and fuel cost. For 1H 2026, selling, general, and administrative expenses increased by approximately $1.0 million, to approximately $5.2 million, compared to approximately $4.2 million for 1H 2025. This is mainly due to an approximately $1.0 million non-recurring tax related charges incurred in 1H 2026. As a result of the increase in SG&A expenses, net loss from continuing operations widened to $3.1 million, compared to net loss from continuing operations of $2.0 million for 1H 2025. R&D expense was approximately $0.4 million in 1H 2026, accounting for 13.6% of our total budgeted R&D expense in 2026. This is due to our controlled investment strategy, remained approximately the same compared to 1H 2025. As of June 30, 2026, and December 31, 2025, the Company had cash and cash equivalents of approximately $21.3 million and $24.5 million, respectively.

Management Commentary and Future Outlook

“During the first half of 2026, we maintained disciplined execution of our overall strategy. We strengthened our foundational businesses by improving the utilization of our existing operating resources in Thailand, expanding our presence beyond the major urban centers, and enhancing the efficiency and reach of our service network. In parallel, we advanced Smart Solutions expansion as additional commercial opportunity leveraging established long-term client relations in Thailand, and deepening DVGO’s engagement with travel industry service providers. These efforts are strengthening the service expertise, operating capabilities and industry relationships required to support DVGO’s AI for Service strategy,” said Lei (Olivia) Wang, Chairwoman and Chief Executive Officer.

“Looking ahead, we will remain focused on deepening the value of our operating footprint and customer relationships in Thailand, further refining Smart Solutions, and directing targeted resources toward industry collaboration and technology development for DVGO. Our priority is to convert these initiatives into measurable commercial and operational progress while building the capabilities required for the Company’s longer-term AI for Service opportunity. Through disciplined execution and focused investment, we aim to create sustainable long-term value for our customers, partners and shareholders,” said Ms. Wang.

About Guardforce AI Co., Limited

Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW) is a technology-enabled service company built on real-world service operations, trusted client relationships, and commercial smart service solutions. With its legacy secured logistics business as the operating foundation, the Company is expanding its first commercial growth curve through Smart Solutions across retail, hospitality, security, and other service environments, while building AI-native services as its second strategic growth engine. For more information, visit www.guardforceai.com, or X (formerly Twitter): @Guardforceai.

Safe Harbor Statement

This press release contains statements that do not relate to historical facts but are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and Annual Report on Form 20-F filed on April 21, 2026 under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.

Guardforce AI Corporate Communications:
Hu Yu
Email: yu.hu@guardforceai.com

(tables follow)
Guardforce AI Co., Limited Unaudited Interim Condensed Consolidated Statements of Profit or Loss (Expressed in U.S. Dollars)
		Note				For the six months ended June 30,
						2026				2025
						(Unaudited)				(Unaudited)
										(Restated)
Revenue			10			$	18,270,590			$	17,168,005
Cost of sales							(15,757,615	)			(14,649,027	)
Gross profit							2,512,975				2,518,978
Stock-based compensation expenses							(41,746	)			(149,595	)
Provision for withholding tax receivable							(182,569	)			(40,984	)
Recovery of/(Provision for) expected credit loss on trade and other receivables							36,802				(34,184	)
Research and development expenses							(407,234	)			(405,641	)
Selling, general and administrative expenses			8				(5,193,826	)			(4,175,887	)
Operating loss from continuing operations							(3,275,598	)			(2,287,313	)
Other income, net							162,291				60,485
Foreign exchange losses, net							(56,554	)			(19,066	)
Finance income, net							113,577				250,203
Loss before income tax from continuing operations							(3,056,284	)			(1,995,691	)
Income tax expense							(64,191	)			(48,177	)
Net loss for the period from continuing operations							(3,120,475	)			(2,043,868	)
Discontinued operations:
Net loss for the period from discontinued operations							(7,171	)			(183,254	)
Net loss for the period							(3,127,646	)			(2,227,122	)
Net loss for the period attributable to:
Net (loss)/profit attributable to non-controlling interests							(27,047	)			8,955
Net loss attributable to equity holders of the Company							(3,100,599	)		$	(2,236,077	)
Net loss for the period						$	(3,127,646	)			(2,227,122	)
Loss per share
Basic and diluted loss attributable to the equity holders of the Company						$	(0.10	)		$	(0.11	)
Basic and diluted loss attributable to the equity holders of the Company – continuing operations						$	(0.10	)		$	(0.10	)
Basic and diluted loss attributable to the equity holders of the Company – discontinued operations						$	(0.00	)		$	(0.01	)
Weighted average number of shares used in computation:
Basic and diluted							29,577,091				19,996,747

Guardforce AI Co., Limited Unaudited Interim Condensed Consolidated Balance Sheets (Expressed in U.S. Dollars)
		Note				As of June 30, 2026				As of December 31, 2025
						(Unaudited)
Assets
Current assets:
Cash and cash equivalents			5			$	21,250,627			$	24,545,290
Trade receivables, net							5,120,900				4,947,264
Other current assets							1,876,392				2,441,038
Withholding tax receivable, net							557,013				902,845
Inventories							43,241				21,519
Other financial assets at amortized cost							76,885				77,100
Assets held for sale							–				1,150,324
Total current assets							28,925,058				34,085,380
Non-current assets:
Restricted cash			5				2,476,766				2,322,790
Property, plant and equipment							2,949,559				3,088,905
Right-of-use assets							4,277,854				4,523,309
Intangible assets, net			6				1,244,389				1,057,144
Goodwill							106,416				–
Withholding tax receivable, net							2,510,348				2,325,281
Deferred tax assets, net							1,283,246				1,418,174
Other non-current assets							438,299				272,827
Total non-current assets							15,286,877				15,008,430
Total assets						$	44,211,935			$	49,093,810
Liabilities and Equity
Current liabilities:
Trade payables and other current liabilities						$	3,354,875			$	3,158,254
Lease liabilities							2,180,806				2,141,509
Liabilities directly associated with assets held for sale							–				1,111,804
Total current liabilities							5,535,681				6,411,567
Non-current liabilities:
Lease liabilities							1,857,633				2,081,431
Provision for employee benefits							6,250,389				6,493,677
Total non-current liabilities							8,108,022				8,575,108
Total liabilities							13,643,703				14,986,675
Equity
Ordinary shares – par value $0.12 authorized 300,000,000 shares, issued 31,352,312 shares at June 30, 2026; issued 24,353,539 shares at December 31, 2025			7				3,762,312				2,922,460
Treasury shares							(192,893	)			–
Subscription receivable							(50,000	)			(50,000	)
Additional paid in capital							99,748,279				100,271,584
Legal reserve							223,500				223,500
Warrants reserve							251,036				251,036
Accumulated deficit							(73,962,624	)			(70,862,025	)
Accumulated other comprehensive income							845,820				1,397,005
Capital & reserves attributable to equity holders of the Company							30,625,430				34,153,560
Non-controlling interests							(57,198	)			(46,425	)
Total equity							30,568,232				34,107,135
Total liabilities and equity						$	44,211,935			$	49,093,810

Guardforce AI Co., Limited Unaudited Interim Condensed Consolidated Statements of Cash Flows (Expressed in U.S. Dollars)
		For the six months ended June 30,
		2026				2025
		(Unaudited)				(Unaudited)
						(Restated)
Cash flows from operating activities
Net loss from continuing operations		$	(3,120,475	)		$	(2,043,868	)
Adjustments for:
Depreciation and amortization of fixed and intangible assets			1,728,669				1,596,363
Stock-based compensation expenses			41,746				149,595
Provision for withholding tax receivable			182,569				40,984
(Recovery of)/Provision for expected credit loss on trade and other receivables, net			(36,802	)			34,184
Finance income, net			(113,577	)			(250,203	)
Deferred income taxes			64,191				48,177
(Gain)/Loss from assets disposal			(34,936	)			108
Provision for employee benefit			387,993				359,113
Changes in operating assets and liabilities:
(Increase)/Decrease in trade and other receivables			(395,111	)			997,660
Decrease/(Increase) in other current assets			536,842				(216,330	)
(Increase)/Decrease in inventories			(18,166	)			50,735
(Increase)/Decrease in restricted cash			(283,826	)			20,275
Increase in other non-current assets			(182,150	)			(932,028	)
Increase in trade and other payables and other current liabilities			179,699				124,584
Increase in withholding tax receivable			(191,923	)			(407,260	)
Increase in provision for employee benefits			(302,870	)			(400,683	)
Net cash used in operating activities – continuing operations			(1,558,127	)			(828,594	)
Net cash used in operating activities – discontinuing operations			–				(212,503	)
Net cash used in operating activities			(1,558,127	)			(1,041,097	)
Cash flows from investing activities
Acquisition of property, plant and equipment			(533,560	)			(477,540	)
Proceeds from sale of property, plant and equipment			36,962				1,405
Interest received			300,720				331,631
Payments for financial assets at amortized cost			–				(76,440	)
Payment for acquisition of subsidiary, net of cash acquired			(246,103	)			–
Net cash used in investing activities – continuing operations			(441,981	)			(220,944	)
Net cash provided by/(used in) investing activities – discontinuing operations			14,232				(4,987	)
Net cash used in investing activities			(427,749	)			(225,931	)
Cash flows from financing activities
Proceeds from issue of shares			274,801				3,491,850
Payments for repurchase of treasury shares			(192,773	)			–
Repayment of bank borrowings			–				(45,296	)
Payment of lease liabilities			(1,237,392	)			(877,856	)
Net cash (used in)/provided by financing activities			(1,155,364	)			2,568,698
Net (decrease)/increase in cash and cash equivalents,			(3,141,240	)			1,301,670
Effect of movements in exchange rates on cash held			(185,555	)			214,176
Cash and cash equivalents at January 1			24,577,422				21,936,422
Cash and cash equivalents at June 30		$	21,250,627			$	23,452,268

Non-IFRS Financial Measures

To supplement our unaudited interim condensed consolidated financial statements, which are prepared and presented in accordance with International Financial Reporting Standard (“IFRS”), we use the non-IFRS adjusted EBITDA as financial measures for our consolidated results.

We believe that adjusted EBITDA helps identify underlying trends in our business that could otherwise be distorted by the effect of certain income or expenses that we include in loss from operations and net loss. We believe that these non-IFRS measures provide useful information about our core operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making. We present the non-IFRS financial measures in order to provide more information and greater transparency to investors about our operating results.

EBITDA represents net loss before finance income, net, income tax expense, depreciation and amortization of fixed assets and intangible assets, which we do not believe are reflective of our core operating performance during the periods presented.

Non-IFRS adjusted EBITDA represents net loss from continuing operations before(i) finance income, net, income tax expense and depreciation and amortization of fixed assets and intangible assets, (ii) certain non-cash expenses, consisting of stock-based compensation expenses, (recovery of)/provision for expected credit loss on trade receivables and other receivables, provision for withholding tax receivables, and foreign exchange losses, net.

Non-IFRS loss per share represents non-IFRS net loss attributable to ordinary shareholders divided by the weighted average number of shares outstanding during the periods.

Non-IFRS diluted loss per share represents non-IFRS net loss attributable to ordinary shareholders divided by the weighted average number of shares outstanding during the periods on a diluted basis.

The table below is a reconciliation of our net loss from continuing operations to EBITDA and non-IFRS adjusted EBITDA from continuing operations for the periods indicated:

		For the six months ended June 30,
		2026				2025
Net loss from continuing operations – IFRS		$	(3,120,475	)		$	(2,043,868	)
Finance income, net			(113,577	)			(250,203	)
Income tax expense			64,191				48,177
Depreciation and amortization expense of fixed and intangible assets			1,728,669				1,596,363
EBITDA			(1,441,192	)			(649,531	)
Stock-based compensation expenses			41,746				149,595
Provision for withholding taxes receivable			182,569				40,984
(Recovery of)/Provision for expected credit loss on trade and other receivables			(36,802	)			34,184
Foreign exchange losses, net			56,554				19,066
Adjusted EBITDA (Non-IFRS)		$	(1,197,125	)		$	(405,702	)
Non-IFRS loss per share
Loss per share attributable to equity holders of the Company
Basic and diluted		$	(0.04	)		$	(0.02	)
Weighted average number of shares used in computation:
Basic and diluted			29,577,091				19,996,747