วัน: 27 มิถุนายน 2025

HONG KONG, Jun 27, 2025 - (ACN Newswire via SeaPRwire.com) - The opening ceremony of the "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" exhibition, jointly organised by the Development Bureau (DEVB) and the National Cultural Heritage Administration, was held today (June 27). The exhibition will run at the Hong Kong Heritage Discovery Centre from tomorrow (June 28), featuring significant Tang dynasty artefacts unearthed on the Mainland and in Hong Kong to showcase the inclusiveness, diversity and openness of the prosperous Tang dynasty, and introduce Hong Kong's pivotal role in the Maritime Silk Road.Speaking at the opening ceremony, the Secretary for Development, Ms Bernadette Linn, said that, as one of the celebration activities of the 28th anniversary of Hong Kong's return to the motherland, this is the largest joint exhibition, in terms of profile, scale and quantity of artefacts on display, since the signing of the Framework Agreement on Deepening Exchange and Cooperation in the Field of Heritage Architecture and Archaeology between the DEVB and the National Cultural Heritage Administration in 2022. The exhibition marks a move towards a higher level of mutual co-operation. Hong Kong is an East-meets-West centre for international cultural exchange. She is eagerly anticipating that the exhibition can showcase the culture of the majestic Tang dynasty to members of the public and friends from all over the world.Other officiating guests at the ceremony were Deputy Administrator of the National Cultural Heritage Administration Mr Qiao Yunfei; the Secretary General of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Wang Songmiao; the Permanent Secretary for Development (Works), Mr Ricky Lau; the Director of Art Exhibitions China, Mr Tan Ping; the Chairman of the Antiquities Advisory Board, Professor Desmond Hui; and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn (centre); Deputy Administrator of the National Cultural Heritage Administration Mr Qiao Yunfei (third right); the Secretary General of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Wang Songmiao (third left); the Permanent Secretary for Development (Works), Mr Ricky Lau (second right); the Director of Art Exhibitions China, Mr Tan Ping (second left); the Chairman of the Antiquities Advisory Board, Professor Desmond Hui (first right); and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So (first left), officiating at the opening ceremony.The exhibition is divided into eight sections on the administrative system and governance of the Tang dynasty, the planning of Chang'an city, the life of people, religious beliefs, literati elegance, craftsmanship, prosperous scenes along the Silk Road and Maritime Silk Road, and Hong Kong's role as a node on the Maritime Silk Road in the Tang dynasty. It features 269 significant pieces/sets of artefacts from 28 museums and cultural institutions in 10 provinces, autonomous regions and municipalities on the Mainland (including 49 pieces/sets of grade-one cultural relics) and 29 pieces/sets of important artefacts unearthed in Hong Kong and dated to the Tang dynasty.Among the key exhibits are two paintings, namely the "Scroll depicting Emperor Minghuang playing polo", which is a Song dynasty depiction of Emperor Xuanzong of Tang (Minghuang) playing polo with his concubines on horseback; and the hanging scroll of Li Bai's "Chun Ye Yan Tao Li Yuan Xu" (preface to the spring night banquet in the peach and plum garden) on kesi (cut silk) depicting the refined life of Tang dynasty literati. These paintings will only be displayed during the first two months (June 28 to August 27). Other key exhibits include a sancai teaware set with a seated figurine revealing the image of Lu Yu, China's sage of tea; a gold jie comb (hair comb accessory) carved in openwork from a thin piece of gold; a painted figurine of a dancing black man with exotic charm; the "Lun Yu Zheng Xuan Zhu" (the Analects with annotation by Zheng Xuan) copied by Bu Tianshou, which has been included in the first batch of the National Catalogue of Precious Ancient Books; and a crimson gold walking dragon used in ritual ceremonies, which will be displayed throughout the entire exhibition period.The exhibition also displays significant Tang dynasty artefacts unearthed at Chek Lap Kok, Tung Chung and San Tau on Lantau Island in Hong Kong, including ceramic ware, iron weapons, bronze belt ornaments, silver chai hairpin, glass ring, fragment of silver piece, Kai Yuan Tong Bao (circulating treasure from a new era) and Qian Yuan Zhong Bao (heavy treasure of Qian Yuan reign) bronze coins, to illustrate the role of Hong Kong in the Maritime Silk Road.The exhibition will run at the Hong Kong Heritage Discovery Centre in Kowloon Park, Haiphong Road, Tsim Sha Tsui, from tomorrow to December 31 with free admission. For details and a short video on the preparation of the exhibition, please visit the website of the Antiquities and Monuments Office of the DEVB. (Link: https://www.amo.gov.hk/en/visitor-centre/exhibitions/heritage-discovery-centre/tang-exhibition/index.html )The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn, giving a speech at the opening ceremony.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn (second left); Deputy Administrator of the National Cultural Heritage Administration Mr Qiao Yunfei (first right); and the Secretary General of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr Wang Songmiao (second right), touring the exhibition.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows a sancai teaware set with a seated figurine revealing the image of Lu Yu, China's sage of tea.The opening ceremony of the exhibition entitled "Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness" was held today (June 27) at the Hong Kong Heritage Discovery Centre. Photo shows a crimson gold walking dragon used in ritual ceremonies. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Jun 26, 2025 - (ACN Newswire via SeaPRwire.com) - Wasion Holdings Limited (the “Company”, “Wasion” or the “Group”; stock code: 3393.HK), China’s leading provider of energy measurement equipment and energy-saving solutions, is pleased to announce that its wholly-owned subsidiary, WASION, S. DE R.L. DE C.V. (‘‘Wasion Mexico’’), secured a smart meter tender contract from the Federal Electricity Commission of Mexico (“CFE”) on 26 June 2025, with a contract value of over MXN627.39 million (equivalent to over RMB238.41 million or HK$263.50 million). In addition, Wasion Mexico had entered into a smart meter supply agreement with CFE earlier on 25 March 2025, valued at over MXN1,452.93 million (equivalent to over RMB552.11 million or HK$610.23 million).CFE, a state-owned entity established by the Mexican government, is the dominant player in the electric power industry in Mexico and serves approximately 50 million customers. As of 2025, the Group has successfully won cumulative smart meter contracts from CFE exceeding MXN2,080.32 million (equivalent to over RMB790.52 million or HK$873.73 million). This achievement demonstrates Wasion Mexico’s leading brand position in the local market.Additionally, Wasion Group (Tanzania) Limited, a Tanzania-based subsidiary of the Company, also won a tender contract for smart meters from Tanzania Electric Supply Company Limited (“Tanesco”) on 10 June 2025, with a contract sum of approximately RMB61 million (approximately HK$66.65 million). Tanesco is the only state-owned power company in Tanzania serving approximately 15 million users. The Group’s successful acquisition of three major smart power meter contracts in key emerging markets has significantly strengthened its brand internationalization and demonstrated the high level of trust and recognition its products enjoy among overseas customers.Mr. Ji Wei, Chairman of the Group, said: “CFE has a vast power generation capacity and owns the entire transmission and distribution system in Mexico. It is also the sole operator of the national power grid, providing integrated generation, transmission, and distribution services. We are honored that Wasion Mexico has been recognized as both a trusted supplier to CFE and a leading brand in Mexico's power meter industry. Meanwhile, Tanzania will continue to serve as the Group’s business hub in East Africa, from which the Group plans to further expand its presence into Uganda, Kenya, Mozambique, and other neighboring countries. Looking ahead, the Group aims to maintain steady orders for power meters in Africa while actively developing new projects, including energy storage. These successful bids reflect the Group's rapid overseas growth and continued strong performance in emerging markets such as Latin America, Africa, and Central Asia. With production and R&D centers in Mexico and Tanzania, the Group is committed to expanding market share in key overseasmarkets, enhancing local competitiveness to radiate influence surrounding regions, deeply addressing existing customer needs, improving product quality and service standards, and proactively pursuing new international opportunities.”About Wasion Holdings LimitedWasion Holdings is the leading provider of energy measurement equipment and energy-saving solutions in the PRC. Its products and services include Power Advanced Metering Infrastructure (Power AMI), Communication and Fluid Advanced Metering Infrastructure (Communication and Fluid AMI), Advanced Distribution Operations (ADO), Smart Distribution Solutions (SDS), Smart Distribution Devices (SDD), and Energy Efficiency Solutions (EES). The Group’s current clients include power grid companies, water, gas and heat providers, and other major industrial and commercial users. Its products have major market share in the PRC and are exported worldwide to Asia, Africa, Europe and the United States. Its research center and laboratory have been certified as national grade and meet international standards. Wasion’s R&D capabilities in smart metering and energy-saving solutions are renowned within the industry.For more information, please visit:http://ir.wasion.com/tc/index.php Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Jun 26, 2025 - (ACN Newswire via SeaPRwire.com) - Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an innovative design manufacturer (“IDM”) business model, has announced its annual results for the twelve months ended 31 March 2025 (“Fiscal 2025” or the “Year”).The Group’s results for Fiscal 2025 stabilized after bottoming out. Its revenue increased by 11.7% year-on-year to approximately HK$7,840.0 million (Fiscal 2024: HK$7,016.8 million), despite the dual challenges posed by macroeconomic volatility and uneven recovery in end-consumer demand. Gross profit increased by 15.7% to approximately HK$1,832.6 million, with gross profit margin rising by 0.8 percentage point to 23.4% (Fiscal 2024: HK$1,583.6 million and 22.6%, respectively). Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 4.5% to approximately HK$1,057.8 million, and the EBITDA margin was 13.5% (Fiscal 2024: HK$1,012.0 million and 14.4%, respectively). The Group recorded net profit of approximately HK$183.9 million for the Year, representing a year-on-year increase of 28.4%, with net profit margin rising by 0.3 percentage point to 2.3% (Fiscal 2024: HK$143.2 million and 2.0%, respectively). Basic earnings per share attributable to the owners of the Company was HK15.0 cents (Fiscal 2024: HK 11.7 cents). Excluding restructuring costs, adjusted EBITDA increased by 7.7% to approximately HK$1,276.3 million, and the adjusted EBITDA margin was 16.3% (Fiscal 2024: HK$1,185.3 million and 16.9%, respectively). Adjusted net profit for the Year increased by 27.1% to approximately HK$402.4 million, with the adjusted net profit margin rising by 0.6 percentage point to 5.1% (Fiscal 2024: HK$316.5 million and 4.5%, respectively).During the Year, the Group maintained a solid financial position, with net current assets of approximately HK$1,566.6 million (Fiscal 2024: HK$1,489.8 million). As at 31 March 2025, total undrawn banking facilities amounted to approximately HK$3,810.2 million (31 March 2024: HK$3,480.5 million). To share the positive results with shareholders, the Board has resolved to recommend a final dividend of HK4.3 cents per share for Fiscal 2025 (Fiscal 2024: HK2.2 cents per share). Together with the interim dividend of HK2.5 cents per share, this makes a total dividend of HK6.8 cents, which is in line with the Group’s dividend policy of distributing no less than 30% of its net profit for the financial year.Mr. YY Hung, Chairman, Chief Executive Officer and Executive Director of Regina Miracle, said, “We are pleased to report that Regina Miracle achieved low double-digit growth in Fiscal 2025, sustaining its recovery trend despite global macroeconomic challenges. This resilience was ensured by our IDM business model. In a market increasingly characterized by efficiency-driven supply chain agility and value creation focused on differentiated technological barriers, the Group remains committed to its strategy of ‘prioritizing and strengthening core segments’, while flexibly responding to industry adjustments. By leveraging our production capacity in China on domestic demand and utilizing our capacity in Vietnam to serve global markets, we strengthened our ability to seize opportunities from the dual circulation strategy, while bolstering technical reserves to support rapid response to the needs of our brand partners. At the same time, we continued to build product advantages through breakthroughs in craftsmanship innovation, fostering deep synergies with major brand partners. This dual-track strategy of efficiency enhancement and innovation strengthened the Group’s foundation during market headwinds and ensured it is well positioned for future growth.”Business ReviewFosters synergistic development of “Better & Best” products with moderate expansion in intimate wear segmentThis business segment contributed revenue of approximately HK$4,243.4 million during Fiscal 2025, representing a moderate year-on-year increase of 3.0%. Accounting for 54.2 % of the Group’s total revenue, it remained its main source of revenue. The segment’s gross profit increased by 7.2% to approximately HK$1,047.2 million, with gross profit margin rising by 1.0 percentage point to 24.7%. During the Year, the Group continued to optimize its brand partner portfolio by focusing on the “Better & Best” product positioning and strengthening innovative synergies with quality brand partners. As a result, orders from key brand partners for innovative products developed by the Group increased significantly, partially offsetting the fluctuations in orders from a few brand partners due to adjustments in their market strategies.Global sports craze and innovative patented bonding craftsmanship drive robust growth in sports products segmentThis business segment generated revenue of approximately HK$2,934.1 million during the Year, representing a significant year-on-year increase of 26.9% and accounting for 37.4% of the Group’s total revenue. Segmental gross profit was approximately HK$652.8 million, with a gross profit margin of 22.3%. The growing popularity of sports activities around the world, sparked by international sporting events, boosted orders for sports products. In particular, the sports bra segment achieved double-digit growth. In addition, the Group’s differentiated functional apparel products, developed using its proprietary patented bonding (“Bonding”) craftsmanship, recorded strong revenue growth during the Year and became the core growth engine of the sports products segment.Dual-base operations in China and Vietnam and smart transformation boost efficiencyThe Group continued to advance its smart transformation through key initiatives such as structure verticalization, management intellectualization, equipment automation, and supply chain localization to improve production efficiency and precision in cost control. The relocation of the Shenzhen production base to Zhaoqing was completed in October 2024. Meanwhile, the relocation of the R&D department is progressing according to schedule, further strengthening the technological synergy between local innovation and production.In Fiscal 2025, the contribution of the Vietnam production base to the Group’s total revenue reached 85%. As of 31 March 2025, the Group employed approximately 31,900 people in Vietnam and approximately 4,900 people in Mainland China. In the long term, the Group will continue to leverage its Vietnam production base to meet the demands of its international brand partners in the global market, while supporting the “China for China” strategies of its brand partners with the Zhaoqing production base. This dual-track approach is expected to establish a flexible and efficient R&D and production model that caters for brand partners’ need for speed to market.VS China’s localization strategy proved effective, with e-commerce channel driving double-digit growth for the IDM businessVS China’s revenue for the Group’s Fiscal 2025 amounted to approximately HK$1,965.7, representing a year-on-year increase of 4.4%. Net profit amounted to approximately HK$85.6 million, representing a year-on-year increase of approximately HK$0.2 million. During Fiscal 2025, VS China strengthened its differentiated positioning and localized innovation advantages to precisely cater for the needs of local customers. Its core product lines performed particularly well in e-commerce channels, which led to a double-digit year-on-year growth in the Group’s related IDM business.Driving Development Through Innovation, Cost Optimization, Efficiency Enhancement, and a Diversified and Balanced Market Layout to Strengthen Risks ResilienceIn Fiscal 2026, the global market faces significantly greater uncertainty due to the impact of trade wars, with the gloomy outlook for the consumer market leading to more conservative order placements from brand partners. Meanwhile, amid intensifying competition in the supply chain, product differentiation has become key for supply chain enterprises and brands to stand out from their peers. Over the years, Regina Miracle has consistently invested in R&D innovation and established competitive advantages through differentiated technological craftsmanship and products, while improving its production efficiency and flexibility through automation, standardization and digitalization. These efforts have enabled the Group to maintain a leading position in the face of the challenging market environment.Commitment to “cost optimization and control, efficiency-driven transformation, and debt reduction” to enhance profitabilityThe Group is implementing cost optimization and efficiency enhancement measures that cover a range of aspects, from R&D and production to operations, aiming to improve organizational effectiveness and strengthen efficiency awareness among all staff to enhance the Group’s profitability. For the incremental cash flow generated by future business optimization, the Group will prioritize achieving the medium-term goal of reducing the debt ratio after rewarding shareholders, so as to enhance the capital structure. This is expected to strengthen the Group's financial resilience while balancing shareholder value and long-term business development.Leveraging leading Bonding craftsmanship to drive continuous innovative product launches and gradually increase economies of scaleDrawing on its insights into market trends, the Group has identified innovative product breakthroughs as the core engine for driving future growth. It is committed to developing high value-added products with distinctively differentiated advantages, aiming to stand out from homogeneous competition and enhance its market dominance through value creation. To this end, the Group will fully leverage its leading advantage in Bonding craftsmanship and replicate its previous success in expanding from intimate wear into the sports product segment to make further inroads into the apparel business. The innovative Bonding apparel series developed by the Group has become a flagship development project advanced in collaboration with major sports brand partners, demonstrating enormous market potential. It is poised to become a key driver of the Group’s sustained business growth, further promoting the realization of its overall economies of scale.Deepen upstream collaboration and expand market footprintIn the face of macroeconomic challenges such as trade wars, the Group will continue to deepen collaboration with strategic supply chain partners while actively introducing new, distinctive suppliers to bolster its supply chain network. In terms of geographic market layout, the Group will strive to strengthen its foothold in established markets while accelerating market diversification, with a focus on building partnerships in regions including China, Europe, and Japan. This strategy will achieve a balanced multi-regional layout and enhance the Group’s risk resilience and sustainability potential.Dedication to fulfilling environmental and social responsibilities, joining hands with stakeholders to build a sustainable futureThe Group firmly believes that environmental, social, and governance (ESG) principles are critical to its long-term development. By prioritizing the four key areas of carbon reduction, waste management, sustainable innovation, and people and community, the Group is comprehensively fulfilling its environmental and social responsibilities. Based on its 2030 Agenda for Sustainable Development, the Group is committed to advancing its carbon reduction and energy conservation goals in its operations. During the Year, the Group launched the Science Based Targets initiative (SBTi) and conducted a group-wide carbon audit to prepare for setting targets in alignment with the 1.5 degrees Celsius goal under the Paris Agreement. The Group plans to finalize its science-based decarbonization targets within the next one to two years and develop a roadmap and strategy for achieving net-zero carbon emissions by 2050.Mr. Hung concluded, “Looking ahead to Fiscal 2026, Regina Miracle will continue to focus on core technological innovation and differentiated product categories expansion, while deepening synergistic collaboration with brand partners. Ensuring strict adherence to prudent financial management principles, the Group will rigorously implement cost optimization and efficiency enhancement measures and allocate capital selectively to optimize operational management and internal control mechanisms. The Group will comprehensively advance strategic transformation centered on efficiency-driven initiatives, prioritizing human resource development. The Group aims to strengthen its financial performance by enhancing organizational effectiveness and resource allocation efficiency. It will proactively mitigate market volatility and address environmental challenges through its multi-regional presence across China and Vietnam and its industry chain collaboration. Building on this foundation, we will expand our business scale in a considered manner and continuously consolidate our developmental foundations, while remaining committed to creating long-term value for all stakeholders.”About Regina Miracle International (Holdings) LimitedFounded in Hong Kong in 1998, Regina Miracle International (Holdings) Limited is a global leader in the intimate wear manufacturing industry. By adopting an innovative design manufacturer (“IDM”) business model and building on a diverse technology matrix with three core technologies: computer aided mold design and production, 3D compression molding, and seamless bonding, Regina Miracle is able to develop and produce market-leading products for its long-standing world-renowned brand partners which cover various key sectors comprising intimate wear (including bras, panties, shapewear), bra pads and other accessory products, sports products (including sports bras, functional sports apparel), and consumer electronics components, and facilitate cross-sector and cross-category applications. Copyright 2025 ACN Newswire via SeaPRwire.com.

Parties negotiating terms of definitive agreementAgreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site design and configurationAgreement expected to include equity stake, license fees, and exclusive rights to the Australian marketIntended partnership in line with announced strategy regarding international expansionHOUSTON, TX and SOUTH PERTH, WESTERN AUSTRALIA, June 26, 2025 - (ACN Newswire via SeaPRwire.com) - XCF Global, Inc. ("XCF") (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF"), and Continual Renewable Ventures Pty. Ltd. ("Continual"), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil ("HVO"), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding ("MOU") that seeks to launch New Rise Australia Pty. Ltd. ("New Rise AU"), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.New Rise AU is expected to operate under a licensing agreement that leverages XCF's integrated SAF platform - including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF's New Rise Reno facility."This partnership underscores the strength of XCF's platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets," said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. "The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We're excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition."Renzo Petersen, Director of Continual, added: "We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia's next-generation SAF and HVO infrastructure. We're proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we're laying the foundation for a scalable, commercially viable platform that supports Australia's decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel."Today's announcement marks a key milestone in XCF's international expansion strategy and builds on the company's momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market.Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU.About XCF Global, Inc.XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit www.xcf.global.About Continual Renewable Ventures Pty. Ltd.Continual Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development.Forward-Looking StatementsThis Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global's ability to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing in the future and the terms of any such financing; (8) New Rise's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global's ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global's ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global's and New Rise's key intellectual property rights; (19) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.ContactsXCF Global, Inc.:Chris Santa Cruzinvest@xcf.globalFor Media:Fatema Bhabrawalafbhabrawala@allianceadvisors.comSOURCE: XCF Global, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.

SAN DIEGO, CA, June 27, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) announces an investment in another Dutch business, Arceon, following the inaugural Blue Magic Netherlands (BMN) event held in November 2024. GA-ASI is a global leader in unmanned aircraft systems and related mission systems.GA-ASI selected Arceon following a compelling pitch they made during the BMN event and after detailed business and technology discussions with GA-ASI and GA's affiliates, General Atomics Energy and General Atomics Electromagnetic Systems. Arceon joins Emergent Swarm Solutions and Saluqi Motors as companies receiving investment from GA-ASI following the BMN event.Arceon is revolutionizing high-performance ceramic composites through their innovative, fast, scalable, and cost-effective melt infiltration process. Their cutting-edge Carbeon carbon-ceramic components - engineered for applications such as nozzles, nozzle extensions, leading edges, nose caps, and airframes - are tailored to meet the increasing and rigorous demands of the space and defense sectors."We are honored to collaborate with General Atomics in advancing hypersonic development. This milestone marks our official entry into the U.S. defense sector, presenting an extraordinary opportunity to demonstrate our technology on a global stage. We look forward, with great anticipation, to the journey ahead," said Rahul Shirke, founder and CEO of Arceon B.V."We're excited to be working with Arceon," said Brad Lunn, managing director for GA-ASI. "Their technology could have a broad range of applications for GA, from high-temperature engine exhaust materials to hypersonics and fusion containment."At the Blue Magic investment and innovation conference in the Netherlands last November, GA-ASI and its partners heard pitches from innovative Dutch companies about the important technologies they are developing. The event was organized collaboratively between GA-ASI, the Dutch Ministry of Defense, the Dutch Ministry of Economic Affairs, Brainport Development in Eindhoven, and Brabant Development Agency (BOM). GA-ASI is delivering eight MQ-9A aircraft to the Royal Netherlands Air Force (RNLAF).GA-ASI is continuing to work with the Dutch government and Dutch industry in supporting the growth of technology innovation in the Netherlands and anticipates holding its second BMN event in Eindhoven later this year. The company hosted its first Blue Magic event in 2019 in Belgium, with subsequent events held in 2020, 2021, and 2023.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.