Author: Ravi Shankar

• Global Debut of the V25 and Assembly of the V Series Family: Unveiled at the 2026 iCAUR International User Summit, the V25 makes its official world premiere, joining the V23 and V27 to complete the V Series family lineup. Centered on the dimensions of “Restraint, Capability, Freedom,” the V25 embodies the “Future-Classic Design” philosophy, bringing “Classic Never Fades” into the future.
• Onstage Debut of Official Customized Vehicles and New Milestones in Globalisation: Three official customized variants — the V23 Forge, V27 Sun Roam and V25 Game Changer — made their joint on-stage appearance, with their market rollout scheduled no later than early 2027. The event also updated the brand’s globalization progress: iCAUR has expanded its footprint to over 40 markets in 2026, with cumulative global sales of the V23 exceeding 100,000 units.
• Elevated Customization Experience and Global Community Rollout: iCAUR is formalizing its personalized co-creation framework. Moving forward, every showroom will house a dedicated customization zone, with customization options available concurrently at new model launches. The brand has set up official user clubs across 9 countries and will extend its reach to more nations via the “Club Connect” initiative in 2027. The event also hosted the inauguration of its first cohort of global brand ambassadors.
• User Stories Bring “Classic Never Fades” to Life: Real stories shared by four global users translate “Classic Never Fades” from a design philosophy into tangible lifestyles. They underscore the brand’s commitment to co-defining the expressions of classic lifestyles alongside users and fostering enduring connections.

WUHU, China, Oct. 21, 2026 (GLOBE NEWSWIRE) — The iCAUR Global Brand Launch took place during the 2026 iCAUR International User Summit, marking the world premiere of the V25, which joins the V23 and V27 to complete the V Series family lineup. Held under the theme “Classic Never Fades | Make It Yours,” the event revolved around three pillars — future-classic design, official vehicle customization and user community — demonstrating how iCAUR builds product identity through classic design and cutting-edge technology, and empowers users with avenues for personal expression, forging lasting bonds spanning products and communities.

【Panoramic View of the iCAUR Global Brand Launch】

Future-Classic Design: Defining the V25 Through Restraint, Capability and Freedom

The event opened with the brand’s product philosophy. Dr. Su Jun, Vice President of Chery Automobile Co., Ltd., posed the opening question: “What is a car really for?” to frame discussions around the bond between vehicles and people. He noted that amid ever-larger screens, extended driving ranges and proliferating technical jargon, the automotive industry faces another form of homogenization: more vehicles look alike, leaving little lasting impression. iCAUR’s answer lies in “Future-Classic Design”: distilling simple forms, distinct character and recognizability from timeless design language, then infusing them with futuristic attributes via technology, new-energy powertrains and novel usage scenarios.

【Dr. Su Jun, Vice President of Chery Automobile Co., Ltd., interpreting Future-Classic Design】

Su Jun unpacked the V25 using three keywords: “Restraint, Capability, Freedom.” Restraint manifests in its boxy silhouette, near 1:1 body proportions, iconic round lamps and minimalist lines with no redundant flourishes. Capability is delivered by extended-range and battery-electric powertrain options, while the i-AWD system on all-wheel-drive variants supports diverse road conditions, delivering the “Go Anywhere” and “Go Further” confidence for urban, highway and mountain driving — the very foundation of the V25’s “All-Way SUV” positioning. Freedom is enabled by more than 20 ecosystem interfaces; camping gear, outdoor equipment and even a roof-mounted coffee maker can serve as extensions of users’ lifestyles. While boasting unique personalities of their own, the V25, V23 and V27 collectively uphold the family concept of classic design, all-terrain capability and self-expression.

【V25 on site】

Official Customization Takes the Stage: Classic Design Forms the Foundation; User Expression Completes Personalization   

If Dr. Su Jun laid out iCAUR’s product fundamentals, Ronna Luo, CEO of iCAUR International, shifted focus to how users participate in shaping their vehicles. She explained that “Classic Never Fades” and “Make It Yours” operate on two levels: classic design creates an enduring foundation, and personalized customization imbues each vehicle with the owner’s unique identity. Classic therefore exists not merely in styling, but permeates users’ daily self-expression. She shared that roughly 50% of global iCAUR users customize their vehicles, and user creativity also fuels product iteration. In 2026, the V23 won the Red Dot Design Award and the V27 claimed the TADA Best Interior Design Award, testifying to its internationally recognized design prowess. Meanwhile, iCAUR intentionally preserves design headroom, inviting users to co-complete the vehicle.

【V25 on stage alongside three official customized models】

The three official customized vehicles showcased on-site serve as the most intuitive embodiment of this philosophy. The V23 Forge amplifies urban character with a wide-body kit and gloss-black accents, striking a bolder stance while retaining the V23’s playful spirit. The V27 Sun Roam draws inspiration from 1980s off-road vehicles and vintage cameras, pairing rugged proportions with refined details, crafted for those who cherish the journey itself. The V25 Game Changer injects adventure and gaming-inspired personality into its classic rugged silhouette, through widened wheel arches, rocker panel color schemes and controller-themed elements. Market rollout for the three models is scheduled no later than early 2027; deliveries will adopt KD assembly or dealer-fit kits, subject to local regulations and market conditions. Beyond the main stage, over 20 user- and partner-co-created customized vehicles surrounded the venue, extending “Classic Never Fades” from the stage into real-world usage scenarios.

From Market Expansion to Club Connect: Turning Co-creation into Long-term Relationships

Beyond official customized builds, iCAUR is institutionalizing and sustaining co-creation. Ronna Luo shared that iCAUR has expanded to over 40 markets in 2026, emerging as a preferred new-energy SUV option across multiple regions, with more than 100,000 users driving the V23 worldwide. Moving forward, every iCAUR showroom will feature a dedicated personal customization zone. At new model launches, iCAUR will also unveil bespoke classic editions in tandem, responding to user inspiration with tailored offerings.

【Ronna, CEO of iCAUR International, presents Club Connect】

iCAUR has established official user clubs in 9 countries to date. In 2027, the brand will connect users across additional markets via its global “Club Connect” programme, facilitating idea exchanges and leveraging user feedback to refine products and experiences. The event also welcomed iCAUR’s first cohort of 10 global brand ambassadors, including Mary-Ann (South Africa), Keem Yap (Malaysia), Humam Reno (Indonesia), Thomas Nawilis (Indonesia), Parawee (Thailand), and Humaid Yousuf Saif (UAE). Through Club Connect, iCAUR will continue to select users who contribute to the brand and community, transforming one-off co-creation activities into a permanent mechanism.

User Stories: Bringing “Classic Never Fades” Down to Tangible Daily Life

Beyond institutional frameworks, four user stories bring “Classic Never Fades” and personal expression to real life. South African owner Rod MacDonald fitted his V23 with roof LED lights, a black vented hood, round-lamp front bumper and all-terrain tires to fulfil weekend off-roading needs. He said the vehicle let him stay “true to himself” and had brought him new friends and renewed vitality. Malaysian user Yan Yan Lee utilised the flexible interior space to store photography gear and deployed a foldable front-row table to work between shoots, turning the V23 into a mobile photo studio. Khalid Al Shamesi from the UAE chose iCAUR out of resonance with “Classic Never Fades”, and recommended the vehicle to his father, wife and cousin, seeing the car as a carrier of timeless spirit and emotional bond. Kit Leung from Hong Kong, China, shared his dual identities: a rapper on stage and a father in daily life. He believes iCAUR’s classic design delivers rugged exterior and warm interior, never growing outdated, and perfectly matches his full self. The first cohort of global brand ambassadors also attended the ceremony, where Su Jun and Ronna Luo presented awards and took group photos with the users.

【User sharing session at the iCAUR Global Brand Launch】

From the V25’s world premiere and the V Series family assembly, to official customization offerings and Club Connect, iCAUR anchors “Classic Never Fades” across three dimensions: products, customization and community. As the V25 and official customization kits launch in more markets and Club Connect expands throughout 2027, the bond between iCAUR and its users will evolve beyond a single launch event into ongoing co-creation. Classic design sets the long-term framework, while user expression defines each vehicle’s unique character. Classic Never Fades — they stem both from design’s restraint against the passage of time and from users continuously writing their own stories with their vehicles.

About iCAUR

Chery Group’s iCAUR is a new energy automotive brand driven by Future Classic Design and technology. Guided by its design philosophy, iCAUR combines classic design elements with modern aesthetics and technology to develop distinctive vehicles for urban mobility and outdoor exploration. With a focus on product innovation and customization, iCAUR offers diverse vehicle choices and personalization options, extending its brand experience through user services and a growing range of user engagements initiatives.

iCAUR’s product portfolio is supported by technologies including i-AWD intelligent electric all-wheel drive and the REEV Golden Range Extender, delivering performance and capability for a range of driving conditions. With a growing presence in more than 40 markets worldwide, iCAUR continues to expand its international business and user engagements, guided by its brand belief: Classic Never Fades.

Serena Wang

Email: wangjieyun2@mychery.com

Website: iCAUR GLOBAL WEB

Photos accompanying this announcement are available at: 

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DUBAI, United Arab Emirates and WUHU, China, Oct. 21, 2026 (GLOBE NEWSWIRE) — In November, LEPAS, Chery Auto’s Premium NEV brand, will officially enter the Middle East market, with its full NEV product portfolio making its first collective appearance in the Gulf. The LEPAS L8 PHEV will launch progressively in the United Arab Emirates, Kuwait, Qatar and other markets. Alongside its vehicles, LEPAS will present designs and collaborative initiatives developed for the region, bringing its vision of elegant mobility to local customers.

Expanding the Global Footprint with Middle East Entry

For LEPAS, 2026 marks the “Year of Elegant Delivery.” Since its European debut during Milan Design Week in April, LEPAS has continued to expand its global presence. Preorders for the LEPAS L8 have begun in several European countries, while deliveries of the LEPAS L6 and L4 continue in Southeast Asia and other regions. Entering the Middle East will mark another step in this expansion, introducing new cultural perspectives on elegant living.

The Gulf’s NEV market is entering a period of sustained growth, with younger customers increasingly valuing design, individuality and quality. In a market rich in choice, brand must connect with local lifestyles. The region’s diverse lifestyles and vibrant fashion and design communities offer LEPAS a starting point for entering the Middle East and connecting with customers through design and collaboration.

LEPAS’s entry also builds on Chery Auto’s established presence in the Middle East. Several brands under Chery Auto continue to strengthen their regional presence through new model launches this year. Drawing on Chery Group’s local market experience and partner network, LEPAS will offer Gulf customers more brand and vehicle choices. Guided by its positioning as the “Preferred Brand for Elegant Mobility Life” and its three core pillars of Leopard Aesthetics, Elegant Technology and Exquisite Space, LEPAS will work with local customers to explore mobility experiences that combine design, technology and comfort.

Shaping New Expressions of Elegance in the Gulf

As LEPAS expands globally, design and lifestyle collaborations remain central to its engagement with customers. From Milan Design Week and London Design Festival to the Venice Film Festival, LEPAS has connected with partners worldwide through art, design and lifestyle. At its inaugural LEPAS Global Elegant Lifestyle Week in October, themed “TOGETHER IN ELEGANCE,” stories from Global Elegant Lifestyle Partners worldwide helped LEPAS deepen its understanding of elegance across cultures. In the Middle East, LEPAS will continue this collaboration with emerging local designers and customers, incorporating Gulf culture into design and mobility experiences to explore new expressions of elegance.

LEPAS also plans to collaborate with local lifestyle brands across industries, exploring how its design language can fit into everyday life in the Gulf. Through design, sports and music, customers can join creative exchanges blending local influences with global perspectives and express elegance in their own way. These collaborations will offer fresh interpretations of Gulf lifestyles and enrich LEPAS’s “Drive Your Elegance” philosophy.

For LEPAS, entering the Middle East is about more than market expansion. It is also an opportunity to engage with the Gulf’s distinctive lifestyles, aesthetic preferences and creative communities. Together with local customers and partners, LEPAS will explore NEV mobility options combining elegant design with comfort and quality, opening a new chapter for elegant mobility.

About LEPAS

LEPAS is Chery Auto’s Premium NEV brand, dedicated to creating elegant mobility experiences for users worldwide. Committed to becoming the Preferred Brand for Elegant Mobility Life, LEPAS brings together Leopard Aesthetics, Elegant Technology, and Exquisite Space – transforming elegance into a driving experience you can see, feel, and trust. Supported by a growing global dealer network of more than 500 sales and service outlets, LEPAS is expanding its international footprint through localized operations, delivering products and experiences tailored to users across global markets.

About Chery Auto

Founded in 1997, Chery Auto is a global automotive manufacturer specializing in vehicle development, intelligent technologies, and new energy solutions. The company operates in more than 130 countries and regions, supported by a strong international network of research, production, and strategic partnerships. Chery Auto has remained China’s No. 1 passenger vehicle exporter among Chinese brands for 23 consecutive years. Guided by its global philosophy of “In somewhere, For somewhere, Be somewhere,” Chery Auto is committed to advancing sustainable mobility through continuous innovation and global collaboration.

Media Contact
Company Name: LEPAS International
Contact Person: Vincy wang
E-mail: GlobalPR@lepasinternational.com
Company Official Website:https://lepasinternational.com/

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e73158c1-998e-4d51-8769-5d2cf87804a6

https://www.globenewswire.com/NewsRoom/AttachmentNg/a3767ca3-fdfb-4019-976a-86f9b3e5b176

DUBAI, United Arab Emirates and WUHU, China, Oct. 21, 2026 (GLOBE NEWSWIRE) — In November, LEPAS, Chery Auto’s Premium NEV brand, will enter the Middle East, with its full NEV lineup making its first collective appearance in the Gulf. The LEPAS L8 PHEV will launch in stages in the United Arab Emirates, Kuwait, Qatar and other markets. LEPAS will also introduce designs and collaborative initiatives tailored to local customers.

Expanding the Global Footprint with Middle East Entry

For LEPAS, 2026 marks the “Year of Elegant Delivery.” Since its European debut during Milan Design Week in April, LEPAS has expanded globally. Preorders for the LEPAS L8 have begun in several European countries, while L6 and L4 deliveries continue in Southeast Asia and other regions. Middle East entry will bring new cultural perspectives on elegant living.

The Gulf’s growing NEV market has younger customers increasingly seeking design, individuality and quality. With abundant choices, brands need to connect with local lifestyles. The region’s diverse lifestyles and vibrant creative communities provide LEPAS a starting point for market entry through design and collaboration.

LEPAS’s entry builds on Chery Auto’s established Middle East presence. Several brands under Chery Auto continue regional model launches. Drawing on Chery Group’s local experience and partners, LEPAS will offer Gulf customers greater choice. As the “Preferred Brand for Elegant Mobility Life,” LEPAS will explore design, technology and comfort with local customers through its three pillars: Leopard Aesthetics, Elegant Technology and Exquisite Space.

Shaping New Expressions of Elegance in the Gulf

Design and lifestyle collaborations connect LEPAS with customers worldwide. From Milan Design Week and London Design Festival to the Venice Film Festival, LEPAS has engaged partners through art and design. At its inaugural LEPAS Global Elegant Lifestyle Week in October, themed “TOGETHER IN ELEGANCE,” stories from Global Elegant Lifestyle Partners deepened its understanding of elegance across cultures. LEPAS will extend this collaboration to emerging Gulf designers and customers, incorporating local culture into design and mobility experiences.

LEPAS also plans to collaborate with local lifestyle brands across industries, integrating its design language into Gulf life. Through design, sports and music, customers can combine local and global influences to express elegance in their own way. These exchanges will enrich Gulf lifestyles and LEPAS’s “Drive Your Elegance” philosophy.

Beyond market expansion, LEPAS seeks to engage with Gulf lifestyles, aesthetics and creative communities. With local customers and partners, it will explore NEV mobility combining aesthetic appeal, comfort and quality, opening a new chapter in elegant mobility.

About LEPAS

LEPAS is Chery Auto’s Premium NEV brand, dedicated to creating elegant mobility experiences for users worldwide. Committed to becoming the Preferred Brand for Elegant Mobility Life, LEPAS brings together Leopard Aesthetics, Elegant Technology, and Exquisite Space – transforming elegance into a driving experience you can see, feel, and trust. Supported by a growing global dealer network of more than 500 sales and service outlets, LEPAS is expanding its international footprint through localized operations, delivering products and experiences tailored to users across global markets.

Media Contact
Company Name: LEPAS International
Contact Person: Vincy wang
E-mail: GlobalPR@lepasinternational.com
Company Official Website: https://lepasinternational.com/

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e73158c1-998e-4d51-8769-5d2cf87804a6

https://www.globenewswire.com/NewsRoom/AttachmentNg/a3767ca3-fdfb-4019-976a-86f9b3e5b176

Today, October 20, 2026: Hotel101 Global signs definitive binding agreements for a country-wide joint venture in Egypt, starting with an approx. 750-room Hotel101-Cairo West, Egypt.

Hotel101-Cairo West is set to have approx. 750 rooms on a 15,984 sqm site in Hay Al Ashgar along Ahmed Zewail Road, only around ten minutes from the Giza Pyramids and the Grand Egyptian Museum (GEM).

Hotel101-Cairo West is expected to generate 5.465 billion Egyptian pounds (US$102.09 million) in project value.

Hotel101-Cairo West is expected to be one of the top 3 largest hotels by room count in Cairo, Egypt.

Egypt is reported to have welcomed nearly 19 million tourists in 2025, while its total population is estimated at about 118.4 million.

Hotel101 Global and IGI Holding joint venture signing ceremony

Hotel101 Founder Mr Edgar “Injap” Sia II and Mr Khaled Sheta of IGI Holding leads the Signing Ceremony with the world-famous Egypt Pyramids at the background.

Hotel101 Global and IGI Holding joint venture signing ceremony

Hotel101 Global Founder Mr. Edgar “Injap” Sia II, CEO Ms. Hannah Yulo-Luccini, Chief Development Officer Ms. Catherine Chan, and Development Director Mr. Vivek Radhakrishnan, together with IGI Holding Vice Chairman Mr. Khaled Sheta, IGI Holding MD Mr. Nagy Mokhtar, IGI Holding Business Development Mr. Mostafa Sheta, and IGI Developments CEO Mr. Sherif Moustafa.

Preliminary perspective of Hotel101-Cairo West Egypt, which is set to have approx. 750 rooms

(Preliminary perspective of Hotel101-Cairo West Egypt, which is set to have approx. 750 rooms)

SINGAPORE, Oct. 20, 2026 (GLOBE NEWSWIRE) — Hotel101 Global Holdings Corp. (NASDAQ Ticker: HBNB) (“Hotel101” or “Hotel101 Global”), a leading asset-light, prop-tech hospitality platform pioneering a globally standardized “condotel” business model, listed on the Nasdaq Stock Exchange and a subsidiary of Philippine-listed DoubleDragon Corporation (PSE Ticker: DD), announces the signing of definitive binding agreements for a country-wide joint venture for the expansion of Hotel101 in Egypt, starting with the development of an approximately 750-room Hotel101 in Cairo, Egypt.

This expansion marks a significant milestone in the company’s global growth strategy, bringing its novel, globally standardized condotel business model to one of the Middle East and Africa’s most dynamic capital cities and a major cultural tourism gateway.

The hotel, to be named Hotel101-Cairo West, is planned to occupy a prime site in Hay Al Ashgar along Ahmed Zewail Road in 6th of October City, Giza. This strategic position is expected to offer guests connectivity via major arterial roads, including El Wahat Road and the Cairo Ring Road, with access to Sphinx International Airport and the wider Greater Cairo road network. The area has rapidly emerged as one of West Cairo’s key growth districts, known for its modern infrastructure, improving transport links, and strong mix of residential, commercial, and tourism developments, while sitting within the broader catchment of the Giza Pyramids and the Grand Egyptian Museum.

Key Location Advantages:

• Prime Ahmed Zewail Road Position: Located along Ahmed Zewail Road with direct access to El Wahat Road and links to the Cairo Ring Road. Upon completion, guests are expected to benefit from road connectivity and proximity to Sphinx International Airport, providing access for both domestic and international travelers.

• Proximity to Major Attractions: Situated within the West Cairo corridor serving the Giza Pyramids and Grand Egyptian Museum. The site is expected to offer a balance of modern urban development and cultural tourism demand, with easy access to key attractions, residential communities, and commercial amenities across Greater Cairo.

When completed, Hotel101-Cairo West is expected to generate a total project value of approximately 5.465 billion Egyptian Pounds (US$102.09 million) and is expected to be completed by 2029, forming part of Hotel101 Global’s global expansion strategy.

Hotel101-Cairo West is expected to offer 4-star amenities at affordable prices, including a ballroom, ample meeting spaces, and a conference center tailored for business events. Consistent with Hotel101’s offerings across its locations globally, guests are expected to enjoy modern rooms, 24/7 reception, all-day dining, swimming pools, a full-size gym, a business center, children’s playground, ample parking, luggage storage, and other amenities.

The development is subject to customary governmental, regulatory, corporate and other approvals.

About Hotel101 Global

Listed on Nasdaq (Ticker: HBNB) with a market capitalization of approximately US$1.1 billion as of October 16, 2026, Hotel101 is an asset-light, prop-tech hospitality platform pioneering a globally standardized “condotel” business model. Hotel101 aims to disrupt the global hotel and hospitality sector through its unique tech-enabled business model that positions it to generate revenues twice: first from the advance sale of individual hotel units during the construction phase; and second, from long-term recurring revenue derived from day-to-day hotel operations. The expansion of Hotel101 toward its long-term goal to operate in 100 countries globally is expected to be driven mainly by joint ventures and, in the future, license agreements with local developers in various countries worldwide.

The Hotel101 Global Group is advancing its global expansion plans toward its medium-term goal to be in 25 countries and its long-term goal of operating one million Hotel101 rooms in 100 countries globally.

Forward-Looking Statements

This document includes certain “forward-looking statements” within the meaning of securities laws of certain jurisdictions, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this document, including statements regarding the future financial position, business strategy, plans and objectives of management for future operations of Hotel101 Global Holdings Corp. (“HBNB”) and its subsidiaries (the “HBNB Group”), are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “set,” “expect,” “predict,” “potential” or the negative of these terms or other similar expressions. Forward-looking statements include, without limitation, HBNB’s expectations concerning anticipated sales revenue once fully sold and project value, the project location, expected number of rooms, expected project completion date and expansion goals, the outlook for the HBNB Group’s business, productivity, plans and goals for future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the HBNB Group. These forward-looking statements are based on the beliefs and assumptions of the management of HBNB. Although HBNB believes that such plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, HBNB cannot assure you that such plans, intentions or expectations will be achieved or realized. Forward-looking statements involve a number of risks, uncertainties and assumptions and actual results or events may differ materially from those projected or implied in those statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the HBNB Group’s ability to execute on its business model, potential business expansion opportunities in foreign countries and growth strategies, manage future growth, retain and expand customers’ use of its hotel services and attract new customers, and source and maintain talent; risks relating to joint venture partners, including owners of pre-sold condotel units in Hotel101 hospitality projects, who may have interests different from and may take actions that adversely affect the HBNB Group; risks relating to project cost and completion; risks relating to the HBNB Group’s sources of cash and cash resources; risks relating to offering deferred payment schemes, including the risk of customer default; the HBNB Group’s ability to effectively compete in the highly competitive hospitality industry; any declines or disruptions in the travel and hospitality industries or economic downturn; applicable laws and regulations to real estate development and marketing activities and hotel operation and management activities in the jurisdictions where the HBNB Group has operations or intends to expand into; and other risks and uncertainties discussed in HBNB’s annual report for the year ended December 31, 2025 on Form 20-F and under the heading “Risk Factors” in HBNB’s registration statement on Form F-4 (File No.: 333-287130) and other documents to be filed by HBNB from time to time with the U.S. Securities and Exchange Commission.

The foregoing list of factors is not exhaustive. Should one or more of these risks or uncertainties materialize, or should any of HBNB’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. There may be additional risks that are not presently known to HBNB or that HBNB currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. HBNB cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date hereof. Forward-looking statements set forth herein speak only as of the date of this document. HBNB does not undertake any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that HBNB will make additional updates with respect to that statement, related matters or any other forward-looking statements.

Contact information:

ir@hotel101global.com 

Photos accompanying this announcement are available at:

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WUHU, China, Oct. 21, 2026 (GLOBE NEWSWIRE) — During the 2026 Chery International User Summit, the LEPAS L6 EV completed its first LEPAS Global Elegance Drive on October 19–20 as part of the inaugural LEPAS Global Elegant Lifestyle Week, held under the theme “TOGETHER IN ELEGANCE.” Bringing together 34 Elegant Driving Ambassadors from 15 countries, the approximately 700-kilometer journey from Shanghai to Wuhu passed through Tonglu, Qiandao Lake and Shexian, putting the L6 EV’s driving dynamics, ride comfort, intelligent parking, driving range and charging performance to the test across diverse road conditions.

Experiencing Elegance on Every Road
On day one, the convoy traveled from Shanghai to Qiandao Lake. The L6 EV’s 540° panoramic view system helped drivers navigate city traffic, while ADAS features eased highway driving.

Thomas Jervis, an Elegant Driving Ambassador from the UK’s Auto Express, commented: “The acceleration of the LEPAS L6 EV is very smooth, and its power delivery on straight roads and when merging onto highways is sufficient to meet my needs.” He also highlighted the driving range, noting that it was broadly in line with the officially stated figures.

At Qiandao Lake, participants tested Automated Parking Assist (APA) and Remote Parking Assist (RPA) in tight spaces and the vehicle-to-load (V2L) function in a camping setting. They also shared driving impressions and perspectives on new energy mobility over local food and music by the lake, offering LEPAS insights into user needs across markets.

Mountain Roads Put Comfort and Control to the Test
On day two, winding mountain roads and changing gradients toward Wuhu highlighted the L6 EV’s steering response, controlled body roll, smooth power delivery and braking. Its chassis absorbed bumps effectively, keeping rear-seat passengers comfortable over uneven surfaces.

A quiet cabin, generous headroom and legroom, and intelligent features added to long-distance comfort. Jacobus Gert Hendrik Venter, an Elegant Driving Ambassador from South Africa’s Navigating Media, shared his impressions: “The interior really stands out to me. The materials feel refined, the build quality is impressive, and the Sony sound system is absolutely great. LEPAS has really nailed the sound experience.”

Across diverse real-world driving conditions, participants experienced the L6 EV’s driving dynamics, comfort and elegant technology across diverse real-world conditions, discovering greater ease and refinement throughout the journey.

From seeing elegance to experiencing it, the first-ever LEPAS Global Elegance Drive brought elegant driving to life on real roads. Participants’ feedback will help LEPAS better understand user needs across global markets and deliver more composed, comfortable and refined journeys.

About LEPAS

LEPAS is Chery Auto’s Premium NEV brand, dedicated to creating elegant mobility experiences for users worldwide. Committed to becoming the Preferred Brand for Elegant Mobility Life, LEPAS brings together Leopard Aesthetics, Elegant Technology, and Exquisite Space – transforming elegance into a driving experience you can see, feel, and trust. Supported by a growing global dealer network of more than 500 sales and service outlets, LEPAS is expanding its international footprint through localized operations, delivering products and experiences tailored to users across global markets.

Media Contact
Company Name: LEPAS International
Contact Person: Vincy wang
E-mail: GlobalPR@lepasinternational.com
Company Official Website: https://lepasinternational.com/

Photos accompanying this announcement are available at

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HOLLISTER, Calif., Oct. 20, 2026 (GLOBE NEWSWIRE) — Alpha Teknova, Inc. (“Teknova”) (Nasdaq: TKNO), a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, today announced the pricing of its underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $5.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $40 million. Teknova has also granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of its common stock. All of the shares of common stock in the offering are to be sold by Teknova. The offering is expected to close on or about October 22, 2026, subject to the satisfaction of customary closing conditions.

TD Cowen and William Blair are acting as joint book-running managers for the proposed offering. Craig-Hallum is acting as lead manager. Stephens Inc. and Roth Capital Partners are acting as co-managers. Perrella Weinberg Partners is serving as financial adviser to Teknova.

Teknova currently intends to use the net proceeds from this offering for general corporate purposes, including potentially the repayment of outstanding debt obligations. Teknova may use a portion of the net proceeds to acquire or invest in other businesses, products, and technologies that are complementary to its own, although Teknova has no current commitments or arrangements to do so.

The public offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-288613), previously filed with the Securities and Exchange Commission (the “SEC”) on July 10, 2025, and declared effective on July 16, 2025. The securities may be offered only by means of a prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus, and when available, copies of the final prospectus supplement and the accompanying prospectus relating to the offering, may also be obtained by contacting TD Securities (USA) LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at TDManualrequest@broadridge.com; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at 1-800-621-0687, or by email at prospectus@williamblair.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Teknova

Teknova makes solutions possible. Since 1996, Teknova has been innovating the manufacture of critical reagents for the life sciences industry to accelerate the discovery and development of novel breakthroughs that will help people live longer, healthier lives. We offer fully customizable solutions for every stage of the workflow, supporting industry leaders in genomics, molecular diagnostics, and emerging therapeutic modalities. Our fast turnaround of high-quality agar plates, microbial culture and cryopreservation media, buffers and reagents, and water helps our customers scale seamlessly from RUO to GMP. Headquartered in Hollister, California, with over 180,000 square feet of state-of-the-art facilities, Teknova’s modular manufacturing platform was designed by our team of scientists, engineers, and quality control experts to efficiently produce the foundational ingredients for the discovery and commercialization of next-generation therapies.

Forward-Looking Statements

This press release contains forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding Teknova’s expectations on the timing and completion of the offering and the anticipated use of proceeds therefrom. Forward-looking statements can often be identified by such words as “will,” “expects,” “plans,” “believes,” “intends,” “estimates,” “projects,” “continue,” “potential” or other similar words or expressions. Forward-looking statements are based on Teknova’s current expectations. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially and adversely and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: risks and uncertainties associated with market and other conditions and the satisfaction of customary closing conditions related to the proposed public offering and other risks that are described in Teknova’s most recent periodic reports filed with the Securities and Exchange Commission, including Teknova’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, including the risk factors set forth in those filings. These forward-looking statements speak only as of the date hereof. Teknova disclaims any obligation to update these forward-looking statements, except as required by applicable law.

Contacts:

Investor Contact
Matt Lowell
Chief Financial Officer
matt.lowell@teknova.com
+1 831-637-1100

Media Contact
Jennifer Henry
Senior Vice President, Marketing
jenn.henry@teknova.com
+1 831-313-1259

This press release was published by a CLEAR® Verified individual.

• The 2026 iCAUR International User Summit opened on October 19 in Wuhu, China, under the theme “Classic Never Fades | Make It Yours.”
• The iCAUR V25 made its global debut and officially went on sale worldwide. Together with the V23 and V27, it rounds out the V-Series lineup, bringing the Future Classic Design concept to life across a comprehensive product portfolio.
• Three officially customized V-Series models will enter global markets. At the summit, 20 customized vehicles were showcased, highlighting the creativity of users from different communities and markets.

WUHU, China, Oct. 20, 2026 (GLOBE NEWSWIRE) — The 2026 iCAUR International User Summit opened in Wuhu, China, on October 19, bringing together more than 500 user representatives from around the world, alongside partners and international media. Under the theme “Classic Never Fades | Make It Yours,” the five-day event brings together product experiences, vehicle customization, user stories and ecosystem activities, highlighting how iCAUR connects its design philosophy with the interests and creativity of users around the world.

The summit showcases the iCAUR V25, three officially customized V-Series models, and 20 customized vehicles. Visitors can also explore the iCAUR brand showroom, take part in a smart factory tour, and experience the V-Series through multi-scenario test drives. The event also marks the introduction of iCAUR’s first group of Brand Ambassadors and highlights the next phase of its global user engagement initiative, Club Connect. Through these activities, iCAUR brings together three key elements of its brand: Future Classic Design, customization and a growing network of users who help shape the brand’s development.

[A Bustling Scene from 2026 iCAUR International User Summit]

Building a Global Brand Through Products and Local Connections

Since its launch, iCAUR has expanded into more than 40 countries and regions worldwide. The V23 has surpassed 100,000 units in cumulative global sales and received the Red Dot Design Award in 2026, while the V27 won the Best Interior Design Award in the Premium Car Category at the 2026 Torino Automotive Design Award (TADA).

These milestones mark an important stage in the brand’s international development. As iCAUR continues to expand into new markets, it is also working with local partners to strengthen sales and service networks and build lasting relationships with users.

At the summit, Ronna, CEO of iCAUR International, shared the brand’s view that entering a market is only the beginning. Long-term growth comes from understanding users, listening to their ideas and creating experiences that give them more ways to engage with the brand.

iCAUR V25 Expands the V-Series

The iCAUR V25 takes center stage at the summit, further expanding the V-Series alongside the V23 and V27. Built around the brand’s Future Classic Design philosophy, the V25 combines a distinctive boxy silhouette and classic round headlights with modern technology and capabilities for a range of driving scenarios.

[iCAUR V25 Global Debut]

At the event, Dr. Su Jun, Vice President of Chery Automobile Co., Ltd., explained the thinking behind the V25 through three principles: restraint, capability and freedom.

The design retains the V-Series’ recognizable proportions and signature styling rather than following short-term trends. Its i-SWIFT Agile Handling Platform, Golden REEV powertrain and i-AWD system support a variety of driving conditions, from urban roads to more challenging terrain.

The V25 also leaves room for personalization, with more than 20 ecosystem interfaces. Other features include a 1.8-ton towing capacity, 6 kW vehicle-to-load (V2L) capability, 66.4% space efficiency, 41 storage spaces and a body made of 80% high-strength steel.

Together, the V23, V25 and V27 show how Future Classic Design can take different forms across the V-Series, combining a recognizable design identity with modern technology and opportunities for personal expression.

Three Officially Customized Models Showcase Different Personalities

Customization is a key highlight of the summit, with three officially customized V-Series models presented alongside 20 customized vehicles developed with users and partners.

Each of the three officially customized models reflects a different interest and lifestyle. The V23 Forge brings urban individuality to life with a muscular widebody stance and gloss-black accents, while retaining the V23’s playful character. The V25 Game Changer celebrates the freedom to play, combining the V25’s classic toughness with gaming-inspired details. The V27 Sun Roam draws inspiration from 1980s off-road vehicles and vintage cameras, pairing rugged proportions with carefully crafted details.

[Three Officially Customized iCAUR Models on Display]

The three models are planned for introduction in global markets by early 2027, through KD production or dealer-installed packages, subject to local regulations and market conditions. Beyond the official builds, the 20 customized vehicles on display demonstrate how users and partners bring their own ideas to the V-Series. Visitors can explore different styles, learn about customization details and exchange ideas with the teams behind the vehicles.

[Global User Creativity at 2026 iCAUR International User Summit]

Customization is already an important part of the iCAUR user experience. According to the brand, 50% of its users worldwide customize their vehicles. Their choices and ideas also provide inspiration for the brand’s future products and customization offerings.

Looking ahead, iCAUR plans to introduce dedicated customization spaces in its showrooms, giving customers more opportunities to explore personalization options. The brand also plans to present a customized classic vehicle alongside new models at future model launches, offering inspiration for different ways to make an iCAUR their own.

The brand is continuing to expand its customized vehicle lineup, develop accessories suited to local markets and establish quality and safety validation mechanisms for customization offerings. These efforts aim to make customization more accessible while safeguarding quality and safety.

Connecting Vehicles with Lifestyle Experiences

The iCAUR brand showroom brings together vehicle customization, classic lifestyle elements, and user co-creation, offering visitors a broader view of the brand beyond its vehicles.

[iCAUR Brand Ecosystem Showroom]

Body accessories, outdoor equipment and lifestyle products demonstrate how the vehicle can connect with different interests and everyday activities. Music, travel, surfing and cycling elements reflect the varied ways users explore their interests and express their individuality.

The summit also includes a smart factory tour, giving participants a closer look at iCAUR’s manufacturing processes and quality management. During the event, the V-Series multi-scenario test-drive activities will give participants the opportunity to experience the V25 and V27 across different road conditions, including wavy roads, mud, uneven terrain, S-curves and other driving challenges. Activities involving smart ecosystem partner AiMOGA and green community initiatives are also scheduled as part of the five-day program.

Together, these experiences allow users and partners to explore the vehicles, understand the brand’s design approach and see how iCAUR connects its products with different lifestyles and interests.

From Official User Clubs to Global Club Connect

For iCAUR, the relationship with users continues well beyond vehicle delivery. The brand has established official user clubs in nine countries, bringing owners together to share experiences and connect through common interests.

[2026 iCAUR International User Summit Bird View]

In 2027, iCAUR plans to expand this approach through its global Club Connect initiative, bringing together more users across markets, encouraging the exchange of ideas, and using user feedback to inform future products and experiences.

[CAUR’s First Group of Brand Ambassadors]

The summit also marks the introduction of iCAUR’s first group of Brand Ambassadors. These users are recognized for their creativity, passion, and contributions to the brand. Through Club Connect, iCAUR plans to continue selecting ambassadors who can share their experiences, contribute to brand activities, and inspire other users in their markets.

User participation also extends to customization. Ideas from users may inspire future officially customized models for global markets, creating further opportunities for users to contribute to how iCAUR products evolve.

As the brand continues its international expansion, iCAUR aims to reach more than 70 markets by 2027. Alongside market development, it will continue working with local partners to strengthen sales and service networks and to develop user engagement in different regions.

The 2026 iCAUR International User Summit brings these priorities together through iCAUR’s vehicles, customized builds, hands-on experiences, and growing network of user clubs and Brand Ambassadors.

Guided by “Classic Never Fades” and “Make It Yours,” iCAUR continues to develop its Future Classic Design philosophy while giving users more opportunities to express their individuality and contribute to the brand. For iCAUR, delivery is not the end of the story, but the starting point for what users can make of their iCAUR.

About iCAUR

Chery Group’s iCAUR is a new energy automotive brand driven by Future Classic Design and technology. Guided by its design philosophy, iCAUR combines classic design elements with modern aesthetics and technology to develop distinctive vehicles for urban mobility and outdoor exploration. With a focus on product innovation and customization, iCAUR offers diverse vehicle choices and personalization options, extending its brand experience through user services and a growing range of user engagements initiatives.

iCAUR’s product portfolio is supported by technologies including i-AWD intelligent electric all-wheel drive and the REEV Golden Range Extender, delivering performance and capability for a range of driving conditions. With a growing presence in more than 40 markets worldwide, iCAUR continues to expand its international business and user engagements, guided by its brand belief: Classic Never Fades.

Serena Wang

Email: wangjieyun2@mychery.com

Website: iCAUR GLOBAL WEB

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/a03dc4ae-e80c-4e25-940a-eb6dde83c43e

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WATERTOWN, Mass., Oct. 20, 2026 (GLOBE NEWSWIRE) — Disc Medicine, Inc. (NASDAQ: IRON) (Disc), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients suffering from serious hematologic diseases, today announced the pricing of an upsized underwritten public offering of shares of its common stock. Disc is selling 6,000,000 shares of common stock at a public offering price of $75.00 per share. In addition, Disc has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. The aggregate gross proceeds to Disc from this offering are expected to be $450 million, before deducting underwriting discounts and commissions and other offering expenses, assuming no exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on October 22, 2026, subject to the satisfaction of customary closing conditions.

Disc intends to use the net proceeds from the offering, together with its existing cash, cash equivalents, and marketable securities, to fund research and clinical development of Disc’s current or additional product candidates, to support the potential commercialization of bitopertin for erythropoietic protoporphyria (EPP) and X-linked protoporphyria (XLP), and additional pre-commercialization activities for its other product candidates, and the remainder for working capital and other general corporate purposes.

Jefferies, Leerink Partners, Morgan Stanley and Cantor are acting as joint book-running managers for the offering. LifeSci Capital, BMO Capital Markets and H.C. Wainwright & Co. are acting as co-managers for the offering.

The offering is being made pursuant to an automatic shelf registration statement on Form S-3 (No. 333-281359) that was previously filed with the Securities and Exchange Commission (SEC) on August 8, 2024. This offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A final prospectus supplement and accompanying prospectus related to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to this offering may also be obtained, when available, by contacting: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388, or by email at prospectus_department@jefferies.com; Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, (800) 808-7525 ext. 6105 or by email at syndicate@leerink.com; Morgan Stanley & Co. LLC, or by email at prospectus@morganstanley.com, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York, 10022, or by email at prospectus@cantor.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Disc Medicine

Disc Medicine (NASDAQ: IRON) is a clinical-stage biopharmaceutical company committed to discovering, developing, and commercializing novel treatments for patients who suffer from serious hematologic diseases. We are building a portfolio of innovative, potentially first-in-class therapeutic candidates that aim to address a wide spectrum of hematologic diseases by targeting fundamental biological pathways of red blood cell biology, specifically heme biosynthesis and iron homeostasis.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements related to Disc’s expectations regarding the timing and closing of the offering, and the anticipated use of proceeds from the offering. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release. These risks and uncertainties include fluctuations in Disc’s stock price, changes in market conditions, the satisfaction of customary closing conditions related to the underwritten offering, and other risks identified in our SEC filings, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and in the prospectus supplement related to the offering we will file with the SEC. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. We disclaim any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

Media Contact
Peg Rusconi
Deerfield Group
peg.rusconi@deerfieldgroup.com

Investor Relations Contact
Christina Tartaglia
Precision AQ
christina.tartaglia@precisionaq.com

Where Classic Design Meets User Creativity: iCAUR Interprets “Classic Never Fades”

• At the 2026 iCAUR International User Summit, 20 customized vehicles were on display, including three official customization models. The concept design by a Hong Kong winner and the real-vehicle build by a Malaysian designer show how personal interests and regional culture can find expression in a vehicle’s design.
• Building on its classic design language, iCAUR extends personalization across different lifestyles with three official customized models: the V25 Game Changer, V23 Forge, and V27 Sun Roam. All three are slated for launch by early 2027.
• iCAUR has established official user clubs in nine countries and plans to extend its user clubs into more countries through its global Club Connect initiative in 2027. The brand will also set up dedicated areas for personalized customization displays in every showroom, giving user creativity a lasting channel into product and ecosystem development.

WUHU, China, Oct. 20, 2026 (GLOBE NEWSWIRE) — At the 2026 iCAUR International User Summit, iCAUR presented 20 customized vehicles under the theme “Classic Never Fades.” Three of them are official customized models. The display showed how the brand brings together Future Classic Design, new energy technology, and user co-creation to help users express their individuality and make it part of everyday life. User creativity moves from shared ideas to real vehicles, and from there into a user ecosystem rooted in products, culture, and lifestyle. In doing so, iCAUR carries its classic design into the new energy era and brings it through with new life.

[Customization Event at the 2026 iCAUR International User Summit]

Starting with Personal Interests: Design for Different Lifestyles

How can a car bring together people who share the same interests? Wong Po Ying, Open Group champion at the Hong Kong iCAUR V23 AI Design Competition, presented “CYBER PARTY,” a vision for a V23 with a deployable DJ stage and a rear bar counter — a mobile space that blends music, creativity, and outdoor socializing.

Chan Hui Fung Marcus, champion of the Student Group, designed his V23 Omni-X to move between different sides of daily life. In this modular concept, the tailgate turns into a coffee workspace, while the trunk can be fitted with tool drawers and a folding repair bench for bike repairs. Both designs turn personal interests into practical features and open up new ways to expand what a vehicle can do.

Malaysian designer Wang Weiquan brings his hometown into a real vehicle. Daniel Lai Seng Kong, iCAUR’s representative in Malaysia, presented the design on Wang’s behalf: three young people of different ethnicities stand side by side looking into the distance, while details on the roof and body incorporate elements of the local national flag and national flower. Moving from industrial design to graphic design, Wang now looks at how vehicles read visually from different angles. Seeing the design move from screen to the body of a real vehicle left him deeply excited and gave co-creation a tangible outcome.

[Global User Creativity at 2026 iCAUR International User Summit]

Classic Design Sets the Foundation, User Creativity Enriches Official Customization

These user expressions are also the starting point for the brand’s effort to grow customization culture. Ronna, CEO of iCAUR International, said that classic design should be recognized by users today and still appreciated years later, while leaving room for personal expression. In global markets, 50% of iCAUR users customize their vehicles, and their creativity also feeds into product evolution.

[iCAUR V-Series Officially Customized Vehicles and All New V25]

The three official customized vehicles embody this approach. The V25 Game Changer turns game-controller colors and gamepad cues into vehicle details, making digital-life passions visible in the design; the V23 Forge keeps its boxy silhouette, reinforcing its stance with widebody wheel arches, an upright grille, and gloss-black trim; the V27 Sun Roam draws inspiration from 1980s off-road vehicles and vintage cameras, pairing rugged proportions with refined details for those drawn to exploration and well-made journeys. The three models share a classic design foundation, yet each has a personality of its own. They are slated for launch by early 2027, with timing subject to local regulations and market conditions.

Co-creation, On Site and in Local Communities

[Group Photo of Brand Ambassadors]

Keeping creativity flowing into products and daily life requires long-term exchange. iCAUR has established official user clubs in nine countries and plans to extend its user clubs into more countries through the global Club Connect initiative in 2027, with user feedback feeding directly into product and experience improvements. That night, iCAUR named its first brand ambassadors. Going forward, it will continue to recognize, through Club Connect, users who have contributed to the brand and its community.

At the same time, iCAUR plans to set up dedicated display areas for personalized customization in every showroom and showcase customized classic models alongside future new-vehicle launches. Design concepts become real vehicles, and those vehicles spark experience sharing within local communities. Through this, iCAUR keeps users’ creativity flowing into the brand’s evolution — giving “Classic Never Fades” a living meaning.

About iCAUR

Chery Group’s iCAUR is a new energy automotive brand driven by Future Classic Design and technology. Guided by its design philosophy, iCAUR combines classic design elements with modern aesthetics and technology to develop distinctive vehicles for urban mobility and outdoor exploration. With a focus on product innovation and customization, iCAUR offers diverse vehicle choices and personalization options, extending its brand experience through user services and a growing range of user engagements initiatives.

iCAUR’s product portfolio is supported by technologies including i-AWD intelligent electric all-wheel drive and the REEV Golden Range Extender, delivering performance and capability for a range of driving conditions. With a growing presence in more than 40 markets worldwide, iCAUR continues to expand its international business and user engagements, guided by its brand belief: Classic Never Fades.

Serena Wang

Email: wangjieyun2@mychery.com

Website: iCAUR GLOBAL WEB

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/9152b2cd-4fb7-4ba1-86c1-ca4f7abdcd70

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HONG KONG, SHANGHAI and FLORHAM PARK, N.J., Oct. 20, 2026 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED” or the “Company”) (Nasdaq/AIM:HCM; HKEX:13) today announces that further to its announcement on September 3, 2026  and following the completion of customary closing conditions including antitrust regulatory reviews, the exclusive development and license agreement between HUTCHMED Limited (a subsidiary of the Company) and a subsidiary of GSK plc (“GSK”) has closed. The agreement grants the GSK subsidiary worldwide rights excluding Mainland China, Hong Kong, Macau and Taiwan to develop and commercialize HMPL-A830.

This first-in-class Antibody-Targeted Therapy Conjugate (“ATTC”) drug candidate comprises a highly selective and potent Kirsten rat sarcoma (“KRAS”) small molecule inhibitor payload conjugated to an anti-epidermal growth factor receptor (“EGFR”) antibody. Colorectal, pancreatic and lung cancers have the highest incidence of patients with KRAS-altered tumors, who often lack safe and durable KRAS therapy. HMPL-A830 is designed to address this need by delivering a KRAS inhibitor directly to EGFR-expressing tumors, while simultaneously blocking EGFR and KRAS signaling to enhance efficacy, durability, and tolerability. The Phase Ia part of a global clinical trial of HMPL-A830 in patients with unresectable, advanced or metastatic solid tumors in China and the US was initiated in September 2026 (clinicaltrials.gov identifier NCT07718581).

Under the terms of the agreement, HUTCHMED Limited is responsible for the global Phase I development program. The GSK subsidiary will be responsible for all subsequent clinical development and commercialization activities in its territory. Following the closing of the exclusive license agreement, HUTCHMED Limited expects to receive US$110 million upfront payment shortly, and may receive additional development, regulatory and commercial milestone payments of up to a total of US$1.185 billion, as well as tiered royalties on annual net sales.

About HUTCHMED ATTCs

HUTCHMED’s ATTCs represent a next-generation approach to precision oncology, combining monoclonal antibodies with proprietary small-molecule inhibitor payload platforms to deliver dual mechanisms of action. Unlike traditional cytotoxin-based antibody-drug conjugates, ATTCs combine targeted therapies to achieve synergistic anti-tumor activity and durable responses in preclinical models, outperforming standalone antibody or small-molecule inhibitor components in both efficacy and safety.

Built on over 20 years of targeted therapy expertise, the ATTC platforms enable development of drug candidates across diverse cancer types. By leveraging antibody-guided delivery and tumor-specific payload release, ATTCs improve accessibility to tumors and reduce off-tumor toxicity. This may overcome the on-target, off-tumor toxicity limitations of systemically-delivered small molecule inhibitors, which in turn could ensure safer long-term use and support combinations with chemotherapy and immunotherapy in earlier-line treatments.

About KRAS

Rat sarcoma (“RAS”) mutations represent one of the most prevalent and well-established drivers in human oncology, driving the progression and aggressive pathology of multiple solid tumors. KRAS, the most dominant RAS isoform, is mutated in approximately 44% of colorectal cancer (“CRC”), 34% of lung adenocarcinoma and up to 89% of pancreatic ductal adenocarcinoma (“PDAC”) patients.¹ KRAS regulates key downstream pathways, including RAS/MAPK and PI3K/AKT/mTOR, to drive cell differentiation, proliferation, and survival.

While recent targeted therapies have validated KRAS as a viable therapeutic target, significant clinical gaps persist, particularly for patients with non-G12C mutations. Most patients eventually experience disease progression driven by acquired resistance, largely fueled by upstream receptor tyrosine kinase upregulation and secondary KRAS alterations. Beyond mutation coverage, systemic delivery of pan-KRAS and pan-RAS inhibitors is associated with on-target toxicities, such as dermatological toxicity reflecting RAS pathway inhibition in normal tissue. These present challenges for dosing, long-term tolerability, and combination with cytotoxic chemotherapy or immunotherapy backbones that constitute frontline standard-of-care.

About EGFR

EGFR is a widely expressed receptor tyrosine kinase and established driver of tumor cell proliferation, survival, and disease progression across multiple solid tumors, including CRC, PDAC, and non-small cell lung cancer (“NSCLC”). Signaling through EGFR activates the downstream RAS/MAPK and PI3K/AKT/mTOR pathways, positioning the receptor immediately upstream of KRAS. EGFR has also emerged as a key mediator of resistance to KRAS-targeted therapies, particularly in CRC, where adaptive feedback and increased upstream EGFR signaling reactivate the MAPK pathway and limit the depth and durability of KRAS inhibition. Together, these provide a strong rationale for the dual targeting of EGFR and KRAS, not only in CRC but also additional indications such as PDAC and NSCLC.

About GSK plc

GSK plc is a global biopharma company with a purpose to unite science, technology, and talent to get ahead of disease together. Find out more at www.gsk.com.

About HUTCHMED

HUTCHMED (Nasdaq/AIM: HCM; HKEX: 13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. Since inception it has focused on bringing drug candidates from in-house discovery to patients around the world, with its first four medicines marketed in China, the first of which is also approved around the world including in the US, Europe and Japan. For more information, please visit: www.hutch‑med.com or follow us on LinkedIn.

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. These forward-looking statements reflect HUTCHMED’s current expectations regarding future events, including, without limitation, statements concerning HUTCHMED’s future plans and prospects, its expectations regarding the therapeutic potential of HMPL-A830 and other drug candidates from the ATTC platform and the further development of HMPL-A830 and other drug candidates from the ATTC platform in this and other indications, as well as the safety, efficacy, tolerability, scalability or combinability of all candidates from the ATTC platform. Forward-looking statements involve risks and uncertainties. Such risks and uncertainties include, among other things, assumptions regarding the amount and timely receipt of the consideration; the continued sufficiency of preclinical and clinical data to support development and approval of the ATTC-based R&D candidates in China, the United States and other jurisdictions; their potential to gain clinical trial approvals from regulatory authorities; the efficacy and safety profile of HMPL‑A830 and other drug candidates from the ATTC platform; the timing and outcome of clinical studies and the sufficiency of clinical data to support an new drug application submission of HMPL‑A830 and other drug candidates from the ATTC platform in China, the United States or other jurisdictions; its potential to gain approvals from regulatory authorities on an expedited basis or at all; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials or the regulatory pathway for the ATTC candidates; HUTCHMED or GSK’s ability to fund, implement and complete its further clinical development and commercialization plans for HMPL‑A830 and other drug candidates from the ATTC platform and the timing of these events. In addition, when or if used herein, the words and phrases “aims,” “anticipates,” “believes,” “continues,” “estimates,” “expects,” “intends,” “may,” “on track,” “predicts,” “plans,” “potential,” “promising,” “should,” “to be,” “will,” and similar expressions and their variants, as they relate to HUTCHMED may identify forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Although HUTCHMED believes the expectations reflected in such forward-looking statements are reasonable, HUTCHMED can give no assurance that such expectations will prove to be correct. Readers are cautioned that actual results, levels of activity, safety, performance or events and circumstances could differ materially from those expressed or implied in HUTCHMED’s forward-looking statements due to a variety of risks and uncertainties, which include, without limitation, assumptions regarding the safety, efficacy, supply, continued regulatory approval of these therapeutics, and in some cases connected to the risks of the use of other drug products as combination therapeutics. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. For further discussion of these and other risks, see HUTCHMED’s filings with the US Securities and Exchange Commission, The Stock Exchange of Hong Kong Limited and on AIM. HUTCHMED undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

Medical Information

This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.

CONTACTS

Investor Enquiries	+852 2121 8200 / ir@hutch-med.com
Media Enquiries
FTI Consulting –	+44 20 3727 1030 / HUTCHMED@fticonsulting.com
Ben Atwell / Tim Stamper	+44 7771 913 902 (Mobile) / +44 7779 436 698 (Mobile)
Brunswick – Zhou Yi	+852 9783 6894 (Mobile) / HUTCHMED@brunswickgroup.com
Panmure Liberum	Nominated Advisor and Joint Broker
Atholl Tweedie / Emma Earl / Rupert Dearden	+44 20 7886 2500
Cavendish	Joint Broker
Geoff Nash / Nigel Birks	+44 20 7220 0500
Deutsche Numis	Joint Broker
Duncan Monteith / Ramin Naji	+44 20 7545 8000

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¹ Singhal A, Li BT & O’Reilly EM. Targeting KRAS in cancer. Nat Med 30, 969–983 (2024). DOI: 10.1038/s41591-024-02903-0