GUANGZHOU, China, March 28, 2025 /PRNewswire/ -- As CIFF 2025 unfolds, JIECANG and LOGICDATA are leading the way in electric standing desk technology. With the theme "Elevate • Future", they are presenting groundbreaking solutions that empower office furniture manufacturers to stay ahead of the curve in a rapidly evolving market. Meeting Market Demands: Smart, Flexible, and Sustainable Solutions The electric standing desk market is facing intense competition, particularly in commercial, home, and gaming sectors. As businesses embrace smarter, flexible, and sustainable office solutions, JIECANG and LOGICDATA are committed to helping brands adapt to these evolving demands. Their innovative technologies are designed to meet the growing demand for intelligent, ergonomic, and adaptable workspaces. Innovation in Design: Breakthrough Lifting Column Technology At CIFF 2025, JIECANG and LOGICDATA are unveiling their new lifting column technology, featuring a bottom-free design that challenges conventional standing desk systems. This innovation provides enhanced design flexibility, improves stability, and increases load-bearing capacity, offering a game-changing solution for both commercial and home office markets. Smart & Human-Centric: The Smart Lifting System and Safety-Evo JIECANG and LOGICDATA's Smart Lifting System boosts efficiency with speeds up to 80mm/s and a 120kg load capacity. The system also supports OTA updates and remote services, offering a smarter user experience. Meanwhile, the Safety-Evo anti-collision technology ensures a smoother, safer operation, making it ideal for any workspace. Sustainability at the Core: Green Solutions for the Entire Product Lifecycle JIECANG and LOGICDATA integrate PoE technology for efficient power management and prioritize sustainability throughout the product lifecycle—from development to recycling. Their commitment to reducing carbon footprints aligns with the rising demand for eco-friendly products, giving brands a competitive edge. JIECANG and LOGICDATA: Strong Partnership for Global Growth With over 20 years of expertise, JIECANG and LOGICDATA offer end-to-end solutions for global brands, ensuring seamless service from design to delivery. JIECANG excels in deep customization, rapid response, global manufacturing, and localized services, addressing a wide range of customer needs. Meanwhile, LOGICDATA is known for its advanced R&D, focusing on innovative solutions primarily for European and American markets. Together, the two brands guarantee both product innovation and technical leadership, while also achieving large-scale production and global service coverage. At CIFF 2025, visitors can experience firsthand how these innovations are shaping the future of office furniture. Contact us to discover how we can help your brand thrive!
LISHUI, China, March 28, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (Nasdaq: FAMI) today announced the official opening of its brand-new warehouse located in New Jersey, USA on March 27, 2025. The facility covers approximately 49,800 square feet and marks a significant expansion of the Company's logistics and warehousing operations on the U.S. East Coast, reinforcing Farmmi's strategic presence in the American market. The new logistics hub, operated by Farmmi's U.S. subsidiary, Farmmi USA Inc., is located on Randolph Road in Somerset, New Jersey. This expansion will substantially enhance the Company's warehousing capabilities, streamline logistics operations, and significantly reduce shipping costs for customer orders in the Eastern U.S., while also shortening delivery times. Ms. Yefang Zhang, Chairwoman and CEO of Farmmi, commented:"As an agricultural products supplier and distribution logistics services provider, we are dedicated to optimizing our distribution network to better serve our growing customer base with high-quality products. The official launch of our New Jersey facility not only strengthens Farmmi's competitiveness in the U.S. market but also further improves our operational efficiency and supports our long-term strategic goals." About Farmmi, Inc. Founded in 1998, Farmmi, Inc. (Nasdaq: FAMI) is an agricultural products supplier, processor and logistics service provider, with a focus on edible mushrooms (including shiitake and wood ear mushrooms) and other agricultural products. The Company distributes high-quality agricultural goods to the global market primarily through its established distribution channels. For more information, please visit the Farmmi official website. Forward-Looking Statements This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Such offers may only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release regarding the Company's future growth prospects are forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to: our ability to secure financing on favorable terms, customer order fulfillment, earnings volatility, exchange rate fluctuations, our ability to manage growth, the ability to generate revenue from business expansion and acquisitions, our ability to attract and retain qualified professionals, customer concentration, segment concentration, and other factors affecting the general economic conditions of the industry. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov. Farmmi may also make additional forward-looking statements from time to time in written or oral form, including in filings with the SEC and in reports to shareholders. Please note that all forward-looking statements are based on current assumptions believed to be reasonable as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law. For more information, please contact: Farmmi, Inc.Investor RelationsTel: +86-0578-82612876ir@farmmi.com
BEIJING, March 28, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company"), a automotive products and services company in China, today announced that it has received written notification (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq") dated March 25, 2025, notifying the Company that it is not in compliance with the minimum Market Value of Listed Securities (MVLS) of $50,000,000. Nasdaq Listing Rule 5450(b)(2)(A) requires a company that has its primary equity security listed on the Nasdaq Global market to maintain a minimum Market Value of Listed Securities (MVLS) of $50,000,000, and Nasdaq Listing Rule 5810(c)(3)(C) provides that a failure to meet the market value requirement exists if the deficiency continues for a period of last 30 consecutive business days. Based on the market value of the Company for the 30 consecutive business days from February 10, 2025 to March 24, 2025, the Company no longer meets the requirement of minimum Market Value of Listed Securities (MVLS). The Notification Letter does not impact the Company's listing on The Nasdaq Global Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has been provided 180 calendar days, or until September 22, 2025, to regain compliance with the market value requirement. To regain compliance, the Company's MVLS must close at $50,000,000 or more for a minimum of ten consecutive business days during the compliance period of 180 calendar days. If the Company does not regain compliance by September 22, 2025 or transfer to The Nasdaq Capital Market, the Company will receive written notification that its securities are subject to delisting. The Company intends to monitor its market value of publicly held shares between now and September 22, 2025 and intends to cure the deficiency within the prescribed grace period. During this time, the Company expects that its Class A ordinary shares will continue to be listed and traded on The Nasdaq Global Market. Notwithstanding the Notification Letter, the Company remains confident in its core business fundamentals and its position in the automotive services market in China. Autozi's advanced supply chain cloud platform and SaaS solutions continue to create tangible value for both customers and partners, supporting the Company's long-term growth strategy. Management is focused on operational optimization, disciplined execution, and prudent capital allocation, all with the goal of driving sustainable value for Autozi's shareholders. The Company believes that these efforts will position Autozi for continued success and expansion in the years ahead. About Autozi Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995, including but not limited to statements related to Autozi's cash position, financial resources and potential for future growth, market acceptance and penetration of new or planned product offerings, and future recurring revenues and results of operations. These forward-looking statements can be identified by terminology such as "aim," "anticipate," "believe," "estimate," "expect," "hope," "going forward," "intend," "ought to," "plan," "project," "potential," "seek," "may," "might," "can," "could," "will," "would," "shall," "should," "is likely to" and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company's beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contact Information The Blueshirt GroupJack WangEmail: Jack@blueshirtgroup.co
SINGAPORE, March 27, 2025 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced year-end financial results for its fiscal year 2024 ended December 31, 2024. Financial Highlights In 2024, the Company's total annual revenue reached a record high of $36.2 million, primarily driven by approximately $31.6 million from membership and top-up streaming services, and approximately $3.7 million from online advertising services. The Asia-Pacific market accounted for about 44.89% of the total revenue, and the United States and Canada contributed about 37.11%. As for profitability, the Company achieved a gross profit of about $21.0 million in 2024, resulting in a gross profit margin of 58.09%. Operational Highlights In 2024, the revenue from membership and top-up streaming services was approximately $31.6 million and user recharge reached approximately $33.4 million. During 2024, the Company had 10.0 million total active users and 1.0 million total paying users. The average revenue per user (ARPU) was approximately $3.15 while the average revenue per paying user (ARPUU) was approximately $31.22. Period Active Users (PAU) from the United States and Canada accounted for approximately 20.5% of the PAU user base, and 36.5% were from the Asia-Pacific region, making theses the Company's two largest user markets. The ARPU in the two regions were approximately $6.53 and $3.15, respectively. As of March 31, 2025, FlexTV's content library included approximately 560 short dramas, spanning over 2,400 titles in 15 languages. Among these, around 90 short dramas are self-produced, with half originally created in English. In a strategic move to expand our global footprint in 2024, the Company established strategic cooperation with international partners. This includes a plan to start a joint venture with 9Yards to launch a $100 million investment fund focusing on short drama production and AI-driven projects, and a collaboration with Telkomsel to introduce FlexTV's short drama content to the Indonesian market through telecom packages. Management Commentary Mr. Yucheng Hu, CEO of MPU, commented, "In 2024, FlexTV achieved remarkable growth across multiple fronts, delivering strong revenue performance and a significant increase in original content output, while maintaining steady user engagement that validates our strategic direction. Our innovative short dramas, specifically designed for vertical viewing, continue to resonate deeply with audiences, solidifying our position as a pioneer in this area. In 2025, we will continue to expand FlexTV's content library, deepen partnerships, and enhance user engagement, driving sustained growth and innovation in the global short drama market, reaffirming our confidence in FlexTV's potential to deliver value to both audiences and shareholders." About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io. Key Metrics The numbers for our key metrics, which include our period active users (PAU), period paying users (PPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Disclosure Channels We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels: X (f/k/a Twitter): twitter.com/MegaMatrixMPU Facebook: facebook.com/megamatrixmpu facebook.com/flextvus LinkedIn: linkedin.com/company/megamatrixmpu TikTok: tiktok.com/@flextv_english YouTube: youtube.com/@FlexTV_English The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website. For inquiries, please contact: Info@megamatrix.io
SEOUL, South Korea, March 28, 2025 /PRNewswire/ -- Korea Zinc (KRX:010130) announced on March 28 that it has successfully concluded its annual general meeting (AGM), with the current management retaining board control in contention against MBK and Young Poong. Korea Zinc's 51st AGM was held at Yongsan, Seoul. The participants in the meeting demonstrated strong support for the current management, underscoring the outstanding business performance and shareholder returns Korea Zinc has managed to continuously deliver upon. Korea Zinc employees, key technical staff, labor unions, partner companies, and civil society groups in Ulsan have consistently voiced firm support for the current management. Public sentiment on assisting the current management had also grown rapidly, particularly due to the recent developments in Homeplus abruptly filing for corporate rehabilitation which drew close parallels to Korea Zinc's situation. On the day of the AGM, Korea Zinc labor union members traveled from Ulsan to Seoul to stand in solidarity with the current management of Korea Zinc. Of particular note, the labor union of Homeplus also staged a protest in front of the venue, issuing warnings on the potential dangers of private equity firms. Inside the AGM venue, many shareholders called for measures to protect the company from potential destabilization from outside influence. These concerns were able to gain traction as Korea Zinc is a core national industry that plays a vital role in resource security and the global strategic mineral supply chain. Board Size Capped at 19, Enhancing Efficiency and StabilityAt the AGM, Korea Zinc approved its consolidated and separate financial statements for the 51st fiscal year (2024). Shareholders also approved a cash dividend of KRW 7,500 per common share and resolved to transfer KRW 1.6689 trillion from discretionary reserves to retained earnings. Additionally, five amendments to the company's articles of incorporation were addressed, including a cap on the number of board directors. Four key proposals were passed: Capping the number of directors at 19 Appointing an outside director as board chair Changing the dividend record date Introducing quarterly dividends The proposal to set a maximum of 19 board members was approved with over 70% support from voting shareholders. This move is expected to improve board stability and prevent inefficiencies in corporate decision-making. Leading global proxy advisory firms, including ISS, Glass Lewis, and Sustinvest, had previously unanimously recommended limiting board size to an appropriate level, aligning Korea Zinc's governance with global standards. The proposal to appoint an outside director as board chair also gained strong shareholder support. This shift is expected to enhance governance independence and strengthen oversight, as an external director free from controlling shareholder influence will now preside over the board. The introduction of quarterly dividends and the adjustment of the dividend record date mark another significant change. These measures will enhance dividend predictability and lay the groundwork for increasing corporate value. Directors Appointed via Cumulative Voting for the First Time, Strengthening Compliance with Audit Committee Appointments A vote over the agenda of appointing directors was also conducted at the AGM. Following the approval of an amendment to the articles of association, which set a cap on the number of directors, the agenda to appoint 8 directors through a cumulative voting system was presented, based on the new limit of 19 total directors. The cumulative voting system, adopted at the extraordinary general shareholders' meeting (EGM) in January, grants shareholders voting rights proportional to the number of directors being elected per share, focusing on enhancing the rights of minority shareholders and increasing the diversity of the board. Consequently, 5 out of 8 director candidates recommended by Korea Zinc were appointed. The new board members include an internal director, CEO Park Ki-Deok, and external directors including Kwon Soon-beom (Managing Partner, Law Firm Sol), Kim Bo-young (Professor, Hanyang University Business School), James Andrew Murphy (Senior Advisor, Oliver Wyman), and Tammy Chung (Dean, Myongji University Business School). The newly appointed members of the Audit Committee include Kwon Soon-beom (Managing Partner, Law Firm Sol), Lee Min-ho (Head of ESG Research Center, Yulchon Law Firm), and Seo Dae-won (Chairman, BnH Tax Corporation). It is expected that both Kwon and Lee will contribute to strengthening the board's compliance management system based on their extensive experiences in the legal field. Additionally, Seo is expected to provide advice on corporate taxation and capital transactions, helping to enhance accounting transparency with his background in roles such as Planning and Coordination Director at the National Tax Service, Director of Corporate Taxation, and Deputy Director. A representative from Korea Zinc stated, "Many shareholders and citizens have strongly agreed that we must protect Korea Zinc, a key national industry, from takeover threats," and added, "We will continue to support South Korea's resource security and play a central role in the global strategic minerals supply chain, while doing our best to meet the expectations of shareholders and citizens."
BEIJING, March 28, 2025 /PRNewswire/ -- A news report from China Daily: Advanced technology and top scientific achievements are in the spotlight at the 2025 Zhongguancun Forum Annual Conference, which opened on Thursday in Beijing, attracting over 1,000 guests from more than 100 countries and regions. Humanoid robots attract the attention of a guest during the 2025 Zhongguancun Forum Annual Conference at the Zhongguancun International Innovation Center in Beijing on Thursday. The conference, with the theme "New Quality Productive Forces and Global Science and Technology Cooperation", opened on Thursday and will run through Monday. It has attracted more than 1,000 participants from over 100 countries and regions to discuss cutting-edge technologies. WANG JING/CHINA DAILY The five-day event, also known as the ZGC Forum, features 128 activities in five major areas: forums, technology trade, achievements, innovation competitions and supporting events. This year's theme is "New Quality Productive Forces and Global Science and Technology Cooperation". While addressing the forum's opening ceremony, Vice-Premier Zhang Guoqing said that China is willing to work with other countries to explore new models of mutually beneficial and win-win sci-tech cooperation, in order to drive the development of new quality productive forces amid the deepening new round of sci-tech revolution and industrial transformation. China has been deeply implementing an innovation-driven development strategy and achieving fruitful results in the integration of sci-tech and industrial innovation, while continuously strengthening the momentum of new industrialization and steadily developing new quality productive forces, Zhang noted. Suliman Almazroua, CEO of Saudi Arabia's National Industrial Development and Logistics Program, who attended the opening ceremony, said, "The forum is highly international, which is a great platform for global science and technology researchers to communicate their views and young technology company leaders to seek opportunities." "I would use 'innovation through collaboration' to summarize this forum," he said. "There are people from various sectors, and we can find potential partners here." Almazroua, who is in Beijing for the first time, said he is eager to see more at the event. This year's conference places a strong emphasis on cutting-edge fields such as artificial intelligence, life sciences, green development and basic research. Sixty parallel forums will be held, with 20 initiatives launched for the first time, including the Open Science International Forum and the Ocean Science and Development Forum. More than 30 international organizations and institutions are co-hosting 18 events, with numerous leaders participating in discussions. Ma Juan, CEO of Steinbeis Sustainable Technology and Management Beijing Co, noted that this year's forum focuses on cutting-edge technologies. "In the past year, we selected 12 cutting-edge technologies among the 60 globally to cooperate deeply with local Beijing companies, which has promoted a local industrial upgrade," Ma said. AI and humanoid robots are major highlights at this year's forum and have generated significant interest among the participants, who can encounter robots at the forum venue engaged in such activities as serving drinks, answering questions, delivering items and even writing calligraphy. Nearly 100 robots from 15 companies are deployed at the site, according to the organizer. "We aim to make the Zhongguancun Forum's annual meeting a grand stage for the concentrated display of new technologies, products and scenarios," said Jin Wei, vice-mayor of Beijing, at a news conference last week. At Thursday's opening ceremony, the National Natural Science Foundation of China released a list of the country's top 10 scientific advances of 2024. The advances were mainly achieved in the fields of mathematics, physics, astronomy, information science, chemistry, materials science, energy, Earth and environmental science, and life and medical science. The ZGC Forum, founded in 2007, has evolved into a national-level open innovation platform as well as an international forum.
Computer/Electronics
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