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值此中國-新加坡建交35周年暨中國-新加坡（重慶）戰略性互聯互通示範項目啟動10周年之際，中新全新醫療健康樞紐正式落戶重慶。 這是鵬瑞利集團在重慶的首次投資，標誌其在中國布局的第六個醫療健康導向型交通樞紐項目正式啟動，進一步夯實了其在華髮展戰略版圖。 新加坡2025年12月16日 /美通社/ -- 鵬瑞利集團昨日（15日）正式啟動毗鄰重慶東高鐵站的鵬瑞利健康城（「重慶鵬瑞利健康城」）。鵬瑞利集團攜手重慶交通開投集團、中鐵建設置業集團共同打造。重慶東站是西部最大的高鐵站，也是中國西部地區唯一的國家級高鐵樞紐。 重慶鵬瑞利健康城一期項目建築面積約14萬平方米，總投資約15億元人民幣，將建設包括500張床位的鵬瑞利綜合醫院（三級綜合醫院）及多家專科醫院。一期工程預計自2028年起逐步完工。後續階段規劃面積超過26萬平方米，預計將涵蓋養老、服務式公寓、酒店及商業配套。 啟動儀式於中新（重慶）戰略性互聯互通示範項目啟動十周年暨新加坡與中國建交三十五周年之際隆重舉行。新加坡副總理兼貿工部長顏金勇，新加坡數碼發展及新聞部長、主管網絡安全事務及智慧國工作團部長楊莉明，新加坡人力部長兼貿工部主管能源與科技部長陳詩龍，新加坡數碼發展及新聞部兼衛生部高級政務部長陳傑豪，新加坡駐華大使陳海泉，重慶市政府領導，重慶市政府外事辦公室，重慶市商務委，重慶市中新示範項目管理局，南岸區政府領導，經開區政府領導，重慶交通開投集團黨委書記、董事長石繼東，中鐵建設集團總經理、黨委副書記趙向東，銀行合作夥伴及媒體代表共同見證了本次活動。 重慶鵬瑞利健康城一期 重慶鵬瑞利健康城一期 重慶鵬瑞利健康城一期 左到右：中鐵建設集團總經理、黨委副書記趙向東；鵬瑞利集團執行董事長兼首席執行官潘錫源； 新加坡副總理兼貿工部長顏金勇；重慶交通開投集團黨委書記、董事長石繼東 左到右：中鐵建設集團總經理、黨委副書記趙向東； 新加坡數碼發展及新聞部兼衛生部高級政務部長陳傑豪； 新加坡數碼發展及新聞部長、主管網絡安全事務及智慧國工作團部長楊莉明；鵬瑞利集團執行董事長兼首席執行官潘錫源； 新加坡副總理兼貿工部長顏金勇；新加坡人力部長兼貿工部主管能源與科技部長陳詩龍；重慶交通開投集團黨委書記、董事長石繼東 重慶鵬瑞利健康城將為重慶及中國西部地區的醫療健康產業發展注入新的動力。重慶作為國家中心城市之一，總人口超過3200萬；而整個中國西部地區總人口規模更超過3.6億。 重慶東站作為中國高鐵「八縱八橫」規劃中五大通道的核心交匯點，進一步提升了重慶的戰略地位，也拓展了重慶鵬瑞利健康城的輻射範圍。該樞紐銜接七條高鐵線路、兩條普速鐵路及四條規劃中的軌道交通線路，設有15座站台與29條到發線。這一繁忙的交通樞紐設計年旅客發送量達5500萬人次，將顯著加強中國西部內陸地區、東部沿海區域乃至連接東盟的泛亞高鐵網絡之間的互聯互通。國內旅客將享受到出行時間的縮短，可實現1小時內抵達成都、黔江、萬州、貴陽，3小時內通達西安、武漢、長沙、昆明。 鵬瑞利集團執行董事長兼首席執行官潘錫源先生表示：「我們很榮幸通過對重慶的首次投資，引入我們標誌性的以醫療健康為核心業務的綜合交通樞紐導向型(TOD)項目。重慶鵬瑞利健康城毗鄰西部最大、唯一國家級的高鐵樞紐而建，這一戰略性布局正是新加坡與重慶兩地政府緊密合作的成果。」 潘先生補充道：「通過融合新加坡國際醫療標準與重慶優質醫療資源，我們將藉助重慶東站卓越的交通輻射能力，為本地民眾及在渝設立區域總部的跨國企業高級管理人員（作為中新合作倡議的重要組成部分）提供卓越的醫療服務，將重慶鵬瑞利健康城打造為中國西部乃至更廣區域的首選醫療目的地。」 重慶交通開投集團黨委書記、董事長石繼東先生表示：「鵬瑞利健康城項目是中新互聯互通示範項目的又一標誌性成果，也是重慶東站片區首個高標準健康產業項目。這一項目必將為重慶東站片區導入國際化、高品質的醫療健康資源，顯著提升區域公共服務能級。」 新加坡副總理兼貿工部長顏金勇先生表示：「祝賀鵬瑞利集團達成這一重要里程碑。重慶鵬瑞利健康城坐落於重慶東站附近，將醫療康養、商業配套與社區服務設施，與大型交通樞紐有機融合，助力重慶打造區域醫療中心。今年正值中新（重慶）戰略性互聯互通示範項目啟動十周年，新加坡將繼續深化與重慶的合作，拓展醫療康養等新領域，惠及兩地民眾。」 鵬瑞利集團戰略聚焦以醫療健康為核心的大型交通樞紐導向型（TOD）項目，融合醫療、養老及酒店業態。包括重慶項目在內，鵬瑞利集團已在天津、成都、昆明、西安、廣州及重慶六個高鐵站布局醫療健康TOD項目。 媒體聯繫人﹕ Ms Tong Ka-Pin 董家蘋 Chief Corporate Officer 首席企業官 直線: (65) 6602 6828 手機: (65) 9862 2435 電郵: tong.ka-pin@perennialholdings.com Ms Crystal Tan 陳思璇Assistant Manager, Investor Relations, Corporate Communications & Marketing 助理經理，投資者關係、企業傳訊與市場營銷直線: (65) 6602 0994手機 : (65) 8128 8268電郵: crystal.tan@perennialholdings.com 關於鵬瑞利集團有限公司（https://www.perennialholdings.com） 鵬瑞利集團有限公司（以下簡稱「鵬瑞利集團」）總部位於新加坡，是一家集醫療健康和房地產於一體的綜合性集團公司。鵬瑞利集團作為醫療健康服務持有、運營和管理者，擁有超過28,000張醫療及養老床位，其中包括約17,000張已投入運營的 床位及超11,000張籌備中的床位，布局於中國16個城市和新加坡。在中國，鵬瑞利集團擁有並運營全國首個民營綜合醫療生態體系，該生態系統結合了以與醫生合作為核心的獨特醫療平台和中國最大的私營養老平台之一。其全面的醫療設施涵蓋綜合醫院、康復醫院、專科醫院和護理醫院，而養老設施包括獨立生活、輔助生活、養老院及認知障礙護理等。在新加坡，鵬瑞利集團將運營全國首個輔助生活私宅項目 - 鵬瑞利頤樂苑，並將在鵬瑞利頤樂苑以及澤維士路推出全國首個集康復與中醫理療於一體的綜合療養中心 - 鵬瑞利頤康中心。 鵬瑞利集團優質的房地產投資組合總建築面積超過780萬平方米，覆蓋中國、新加坡、馬來西亞和印度尼西亞。公司戰略性聚焦城市交通樞紐大型綜合項目（「TOD」），以此促進醫療健康業務發展，並打造地標性綜合項目。在中國，鵬瑞利集團擁有七大TOD項目，均毗鄰高鐵站。其中，位於天津、成都、昆明、西安、廣州和重慶的六個項目以醫療健康為核心，杭州項目則以商業為主。
Establishment of new healthcare gateway in Chongqing amid the 10th anniversary of the Chongqing Connectivity Initiative and as part of the 35th anniversary celebration of Singapore-China diplomatic relations; Maiden investment in Chongqing marks Perennial Holdings' sixth healthcare-centric TOD, further strengthening its footprint in China SINGAPORE, Dec. 16, 2025 /PRNewswire/ -- Perennial Holdings Private Limited ("Perennial Holdings") yesterday launched Perennial Healthcare City, adjacent to the Chongqing East High-Speed Railway ("HSR") Station ("Perennial Healthcare City Chongqing"). Perennial Healthcare City Chongqing, which is majority owned and led by Perennial Holdings, is jointly developed with Chongqing Transportation Development and Investment Group Co., Ltd ("Chongqing Transportation and Investment Group") and China Railway Construction Group Co., Ltd ("China Railway Construction Group"). Chongqing East HSR station is the largest and only national-level HSR hub in Western China. The first phase of Perennial Healthcare City Chongqing, spanning approximately 140,000 square meters ("sqm") and to be developed at a total investment cost of approximately RMB1.5 billion, will comprise a 500-bed Perennial General Hospital, a tertiary general hospital, and several specialist hospitals. This first phase is expected to progressively complete from 2028. Subsequent phases, measuring over 260,000 sqm, are expected to comprise eldercare, serviced residences, hospitality and commercial components, when executed. The launch ceremony, which was held amid the 10th anniversary of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity ("Chongqing Connectivity Initiative") and as part of the 35th anniversary celebration of diplomatic relations between Singapore and China, was graced by Guests-of-Honour, Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry, Mrs Josephine Teo, Singapore Minister for Digital Development and Information and Minister-in-charge of Cybersecurity & Smart Nation Group, Dr Tan See Leng, Singapore Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry, Mr Tan Kiat How, Singapore Senior Minister of State for Ministry of Digital Development and Information & Ministry of Health, and Mr Peter Tan, Singapore's Ambassador to the People's Republic of China. Special guests also included government officials of the Chongqing Municipal Government, Chongqing Foreign Affairs Office, Chongqing Municipal Commission of Commerce, Chongqing Connectivity Initiative Administration Bureau, Nan'an District and Jingkai District Economic Development Zone, Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group, Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group, as well as bankers, business partners and the media. Perennial Healthcare City Chongqing Phase 1 - Overview 1 Perennial Healthcare City Chongqing Phase 1 - Overview 2 Perennial Healthcare City Chongqing Phase 1 - Overview 3 From left to right: Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group; Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer, Perennial Holdings; Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry; Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group From left to right: Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group; Mr Tan Kiat How, Singapore Senior Minister of State for Ministry of Digital Development and Information & Ministry of Health; Mrs Josephine Teo, Singapore Minister for Digital Development and Information and Minister-in-charge of Cybersecurity & Smart Nation Group; Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer, Perennial Holdings; Mr Gan Kim Yong, Singapore De Perennial Healthcare City Chongqing will inject fresh momentum into the growth of the healthcare industry in Chongqing, a national central city with a total population of over 32 million, and the Western China region, which has a total population of over 360 million people. Chongqing East HSR Station, a key intersection of five major corridors under China's 'Eight Vertical and Eight Horizontal' HSR plan, further elevates the strategic significance of Chongqing and the expansive reach of Perennial Healthcare City Chongqing. The station connects to seven HSR lines, two regular railway lines and four planned metro lines, and features 15 platforms and 29 arrival and departure tracks. This bustling transport hub is designed to handle an annual passenger volume of 55 million and will improve connectivity to the Western inland areas, the Eastern coastal region and the Pan-Asian HSR network to ASEAN. Domestic travellers will benefit from reduced transport times, reaching Chengdu, Qianjiang, Wanzhou and Guiyang within an hour, and Xi'an, Wuhan, Changsha and Kunming within three hours. Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer of Perennial Holdings, said, "We are honoured to mark our maiden investment in Chongqing through the introduction of our signature healthcare-centric, integrated transit-oriented development ("TOD"). The establishment of Perennial Healthcare City Chongqing, strategically located adjacent to the largest and national-level HSR station in the country, is a fruition of the strong relationship between the governments of Singapore and Chongqing." Mr Pua, added, "By harnessing Singapore's international healthcare standards alongside Chongqing's high-quality medical resources, we aim to deliver exceptional medical services to the community and expatriates from multinational companies establishing regional headquarters in the city as part of the Chongqing Connectivity Initiative, through leveraging the excellent connectivity of Chongqing East HSR Station, positioning Perennial Healthcare City Chongqing as the definitive healthcare destination for Western China and beyond." Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group, said, "Perennial Healthcare City Chongqing marks another landmark achievement of the Chongqing Connectivity Initiative, and is also the first premier healthcare development within the vicinity of the Chongqing East HSR Station. This development will bring international, high-quality medical and healthcare resources to the Chongqing East HSR Station zone, elevating services available to the community across the region." Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry, said, "Congratulations to Perennial Holdings on this significant milestone. Located near Chongqing East HSR station, Perennial Healthcare City Chongqing integrates healthcare, commercial and community facilities with a major transport hub, supporting Chongqing's development as a regional medical centre. As we mark the 10th anniversary of the Chongqing Connectivity Initiative this year, Singapore will continue to deepen our collaboration with Chongqing, including in newer sectors such as healthcare, for the benefit of our peoples." Perennial Holdings focuses on healthcare-centric large-scale TODs integrating medical care, eldercare and hospitality components. Together with Perennial Healthcare City Chongqing, Perennial Holdings has six healthcare-centric TODs in China connected to HSR stations, including Tianjin, Chengdu, Kunming, Xi'an and Guangzhou. For media enquiries, please contact: Ms Tong Ka-Pin Chief Corporate Officer DID: (65) 6602 6828 HP: (65) 9862 2435 Email: tong.ka-pin@perennialholdings.com Ms Crystal Tan Assistant Manager, Investor Relations, Corporate Communications & Marketing DID: (65) 6602 0994 HP: (65) 8128 8268 Email: crystal.tan@perennialholdings.com About Perennial Holdings Private Limited (www.perennialholdings.com) Perennial Holdings Private Limited ("Perennial Holdings") is an established integrated healthcare and real estate company headquartered in Singapore. The Company owns, manages and operates over 28,000 beds in medical and eldercare facilities, comprising about 17,000 operational beds and over 11,000 beds in the pipeline, across 16 cities in China and Singapore. In China, Perennial Holdings owns and operates the country's first private integrated healthcare ecosystem, which combines a unique medical platform centred on partnerships with doctors and one of the largest private eldercare platforms in the country. Its comprehensive medical care facilities encompass general, rehabilitation, specialist and nursing hospitals, while its eldercare facilities include independent living, assisted living, nursing homes and dementia care. In Singapore, the Company will operate Perennial Living, the nation's first private assisted living development and is set to launch Perennial Wellness, the country's first-of-its-kind private integrated rehabilitation and traditional Chinese medicine centre, at Perennial Living and Jervois Road. Perennial Holdings' quality real estate portfolio spans over 84 million square feet in total gross floor area across China, Singapore, Malaysia and Indonesia. The Company focuses strategically on large-scale transit-oriented developments ("TODs"), serving as enablers of its healthcare portfolio, and landmark integrated developments. It has seven TODs in China which are connected to high-speed railway ("HSR") stations, of which six, located in Tianjin, Chengdu, Kunming, Xi'an, Guangzhou and Chongqing, are healthcare-centric, and one commercial-centric HSR TOD is in Hangzhou.
SHANGHAI, Dec. 15, 2025 /PRNewswire/ -- Namibox, the flagship brand of Jinxin Technology Holding Company (NASDAQ: NAMI), announced today the global limited pre‑sale of the world's first AI‑powered, education‑focused smart glasses, developed in partnership with MICROLUMIN. The product, set for release on December 31, 2025, is positioned within the mainstream price range for AI hardware worldwide and marks a strategic push into the burgeoning "AI + education" hardware sector. Unlike general‑purpose wearable devices geared toward entertainment, the Namibox learning glasses employ a proprietary, education‑tuned AI algorithm engine to create what the company describes as an "intelligent learning layer" deeply integrated into real‑world study environments. In targeted trials, the glasses garnered strong approval from global student populations and lifelong learners, signaling a commercially viable breakthrough in applied AI for education. At the core of the device is a dedicated large‑language model that assists users throughout the learning process. In lecture settings, its "Classroom Mode" generates structured notes in real time, allowing students to shift from passive note-taking to active classroom engagement. A memory‑consolidation algorithm identifies optimal intervals for review, aiming to maximize the value of fragmented study time. Additional features include a mini AR display for contextual information and real‑time multilingual interpretation, collectively designed to support an end‑to‑end learning ecosystem. The glasses also emphasize ergonomic design—lightweight construction and low‑blue‑light lenses—to reduce eye strain during extended use. The launch comes amid accelerating global commercialization of AI technologies. By focusing squarely on the education vertical, Namibox is addressing a perceived market gap, leveraging what it claims are validated user needs and technical barriers honed through testing. The pre‑sale represents a key milestone in Jinxin Technology's strategy to solidify leadership in smart education hardware, with analysts projecting a meaningful boost to the company's revenue stream. Industry observers note that successful adoption of the Namibox glasses could reinforce NAMI's standing in the competitive ed‑tech space while injecting fresh momentum into the applied‑AI segment of U.S. equities. As AI continues to permeate everyday life, specialized hardware that enhances learning efficiency may well define the next growth curve for education technology. About Jinxin Technology Holding Company Headquartered in Shanghai, China, Jinxin Technology Holding Company is an innovative provider of digital content and interactive communication services. Through its flagship platform NamiBox, the Company delivers intelligent, engaging, and curriculum-aligned products powered by advanced AI, AR, and digital human technologies. Jinxin Technology works closely with China's leading textbook publishers and educational platforms, providing AI-generated digital content for primary and middle school students. Its distribution channels include: NamiBox, the Company's flagship learning appTelecom and broadcast operatorsThird-party educational devices For more information, please visit the Company's website at https://ir.namibox.com. Safe Harbor Statements This press release contains forward-looking statements as defined under the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions, involve risks and uncertainties, and may differ materially from actual results. For further discussion of these risks and factors, please refer to the Company's filings with the U.S. Securities and Exchange Commission. For Investor and Media Inquiries, Please Contact:Jinxin Technology Holding CompanyInvestor Relations DepartmentEmail: ir@namibox.com
Brisbane, Australia - Newsfile Corp. - December 15, 2025 - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide the latest progress update on the Graphene Aluminium-Ion Battery technology ("G+AI") being developed by GMG and the University of Queensland ("UQ") under a Joint Development Agreement with Rio Tinto, one of the world's largest metals and mining groups, and with the support of the Battery Innovation Center of Indiana ("BIC") in the United States of America. Based on its current state of development as reflected below, the GMG G+AI Battery has similar performance characteristics to those provided by High Power Lithium Titanate Oxide ("LTO") batteries, which are sold at a premium price of up to US$1500/kWh. However, the GMG G+AI Battery can be produced at a substantially lower cost and therefore can be priced below that of LTO batteries. In 2025, sales of LTO batteries, which are used in many applications globally, totalled US$ 5.6[1] billion. Battery Performance Update: GMG is pleased to announce that it has progressed its G+AI Battery technology and believes that, once development is completed, it can meet the key target specification requirements for the main targeted battery use case as per Figure 1, including: Charging in under 6 minutes; Energy density > 100 Wh/kg after 1 hour of charging; Long Cycle Life (10,000 cycles); Safe (no Lithium); Lower Thermal Runaway Risk; and Likely no thermal management system will be needed. Bob Galyen, GMG Non-Executive Director, commented: "In my nearly five decades in the battery industry, I have rarely seen a technology with the disruptive potential of GMG's next-generation graphene aluminium-ion battery. With the possibility of charging from empty to full in around six minutes, this chemistry fundamentally changes how designers can think about electric vehicles, consumer electronics, and stationary storage. Instead of planning around long charge stops with large packs, engineers can optimise for rapid energy turnaround, with higher power, and safer, with GMG's battery made from abundant raw materials. Lithium-ion will remain a key part of the energy landscape for years to come, but its limitations in fast charging, temperature tolerance, and critical-mineral supply are increasingly evident. By leveraging aluminium and graphene, the GMG team is demonstrating a pathway to reduce reliance on traditional lithium-based systems while delivering step-change improvements in charge time and power density. This is not an incremental tweak to existing cells - it is a new platform that can open markets and use cases that were previously uneconomic or impractical. As GMG moves from the lab toward scaled manufacturing, its primary focus is on proving reliability, safety, and cost at industrial level. Automotive, grid, and specialty-device partners are already engaging with GMG to explore pilot programs and early integrations. The companies that adapt quickest to this shift will lead the next wave of electrification, and GMG intends to be at the centre of that transition with graphene aluminium-ion technology." Figure 1: G+AI Battery Use Case - heavy mobile equipment To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_gmg_figure1.jpg GMG is pleased to share the energy densities of the current GMG G+AI pouch cell at 60 minutes and 6-minute charging compared to other chemistry batteries on the market (Figure 2), and a voltage vs capacity graph (Figure 3) of its latest G+AI Battery technology based on data provided by the third-party BIC battery testing laboratory. Based on that testing, the current stage of development, batteries produced by GMG and BIC had an energy density of 58 Wh/kg when charged in 1 hour and 26 Wh/kg when charged in 6 minutes. In 6-minute fast charging, the battery cells achieved 62% capacity in 3.2 minutes. The batteries had a nominal voltage of approximately 3.0 Volts and maintained performance over hundreds of cycles at 6-minute fast charging, without the significant degradation typically observed in lithium and sodium-ion batteries at such high charging rates. Figure 2: Different Battery Chemistry Performance at 6 min and 60 min Charge[2] To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_002full.jpg Standard commercial Lithium Nickel Manganese Cobalt ("LNMC") and Lithium Iron Phosphate ("LFP") battery cells for electric vehicles and stationary storage are not designed for continuous 6-minute charging (10C); typical recommended charge rates are ≤1 hour (1C), often 2 hours (0.5C), with only limited fast charge operation. Only specialized high-power cell designs like LTO battery cells can tolerate charge rates of 6 minutes (10C).[3] Figure 3: Battery performance curves of GMG's G+AI Battery at 60 min and 6min charge To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_003full.jpg GMG has now developed a completely new hybrid electrolyte that is chloride free and noncorrosive, unlike common aluminium battery electrolytes, along with a complex cathode and anode technology that enables very stable fast charging over several cycles. The substrate for both the cathode and anode in the GMG G+AI Battery is aluminium foil - which provides significant cost and weight savings compared with copper, the substrate material used in most lithium and sodium-ion batteries. GMG's technology does not include the use of lithium or copper. The Company has submitted an additional patent application covering these new developments. Craig Nicol, GMG Managing Director and CEO, commented: "I couldn't be happier with the GMG team to get to this point with our battery. We have rebuilt this battery in our weekly sprints from the ground up and developed completely new complex cathode, anode and electrolyte. This will provide a next generation fast charging battery technology currently not available in the world, and we look forward to sending out sample cells to test with partners in early 2026. This technology has many years of development in front of it and will improve as we keep pushing through known issues to improve capacity, voltage and reduce weight." GMG management believes that the Company's battery technology can eventually achieve over 150 Wh/kg when charged in 1 hour, and over 75 Wh/kg when charged in 6 minutes. The Company believes further development of the cathode, anode, electrolyte and component weights will eventually achieve this end goal. Figure 4 shows the latest Graphene Aluminium-Ion Battery multi-layer pouch cell. Figure 4: Current Multi-Layer Battery Pouch Cell To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_004full.jpg Battery Technology Readiness Level The battery technology readiness level ("BTRL") of the G+AI technology remains at Level 4, see Figure 5. GMG is currently optimizing electrochemical behaviour for pouch cells via ongoing laboratory experimentation. Through collaboration with BIC, it is anticipated that the battery technology readiness will progress to BTRL 7 and 8 since the equipment and processes needed to produce the G+AI batteries are the same as those employed to make Lithium-Ion Batteries. Figure 5: Battery Technology Readiness Level (BTRL) To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_005full.jpg The Company is confident it can meet the overall timeline, as seen in Figure 6, of its battery cell roadmap that calls for testing of cells with customers in 2026 and small commercial production with support of various partners, including BIC, in 2027. Figure 6: Battery Cell Roadmap To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_006full.jpg Next Steps Toward Commercialisation & Market Applications Jack Perkowski, GMG Chairman and Non-Executive Director, commented: "I am extremely proud that GMG has progressed its battery to this stage. It is a significant milestone for the Company because the battery technology has so much opportunity in so many applications - especially in commercial vehicles. I look forward to the next updates as GMG makes further progress in the development of its battery technology." The Company continues to see a broad range of applications for a completed GMG G+AI Battery - utilising its ultra-high power-density and economic energy density characteristics. Along with Rio Tinto, a range of global companies have confidentially expressed their interest in working with GMG in the following vertical sectors: Figure 7: Market Applications To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_007full.jpg Currently, GMG believes it will use a plastic battery pack design, similar to Figure 8, to hold the battery pouch cells - reducing the weight, cost and complexity of using a metal case. Using a plastic battery pack is possible for two main reasons - GMG believes that its battery will not require a thermal management system or the fireproofing precautions provided by the metal case in a lithium-ion battery. Using plastic will increase the comparative energy density of GMG's G+AI battery packs when compared to lithium-ion batteries. Figure 8: Expected Battery Pack for G+AIB Pouch Cells To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8082/278044_3e8dbe4f44c75b4b_008full.jpg Comparison and Market Review: LTO Batteries As shown in Figure 9 below, the performance of GMG's G+AI battery technology is already very similar to LTO batteries. Figure 9: Comparison of Graphene Aluminium-Ion Battery (G+AI) to Lithium Titanate Oxide (LTO) Battery Parameter High Power LTO[4] GMG G+AI Battery Rapid Charging 80% in 6 minutes 100% in 6 minutes Energy Density - 6-minute charge 37 Wh/kg (80% of Capacity) 46 Wh/kg (6 min +) 26 Wh/kg(Current) Large upside to be confirmed Depth of Discharge Full Range Full Range Safety Safe Safer (no lithium fire potential) Longevity 70% performance over 20,000 cycles To be confirmed Battery Price US$800 - US$1500 / kWh[5] Lower price due to lower material costs No lithium, no Titanium Market Size US$5.6 Billion in Sales in 2025 Under development LTO batteries are sold at a premium to LFP and LNMC batteries, which are the main chemistries used in electric vehicles and energy storage systems, and are also widely used in other electronic applications due to their high performance and long cycle life. The material and manufacturing costs for GMG's G+AI Battery are expected to be similar to, or less than, the cost to manufacture standard lithium-ion batteries, but substantially lower than the costs to produce LTO batteries. LTO batteries have energy density ranging from 50 - 80 Wh/kg.[6] The LTO product is sold globally for use in many applications - with a total of US$5.6[7] billion sales per annum in 2025. Sales of LTO batteries are expected to grow at 10% per annum to an estimated US$ 9.0 billion by 2030. The major manufacturers of LTO batteries include Toshiba, Gree, Microvast and CATL. Further details on applications for the LTO battery from Mordor Intelligence7 are described below. In many of the use cases for LTO batteries, GMG believes that its G+AI Battery can be substituted at a substantially lower cost. Commercial Vehicles: Automotive, primarily buses, refuse trucks, and drayage tractors rather than passenger cars, is the largest user of LTO batteries. Fleets realize five-year total-cost-of-ownership parity once fuel savings and lower maintenance offset higher upfront prices. Fast-charging Electric Buses and Trucks: Transit authorities need battery systems that accept repeated high-power "opportunity charges" during short layovers. LTO cells replenish 80% capacity in roughly five minutes, allowing operators to shrink fleet size without sacrificing route frequency. U.S. Low-No Emission Bus grants earmark more than US$1.5 billion per year, with bid specifications that explicitly reference rapid-charge capability. Parallel subsidy programs in China reimburse up to CNY 80,000 (US$ 11,396) per new-energy bus, accelerating volume deployment in provincial capitals. Hybrid and BEV: Regenerative braking and high-C-rate acceleration favour the use of LTO batteries. Use in fast-charge EV stations is growing rapidly as ride-hailing fleets adopt swap-ready models. Stationary Storage: Utility-scale batteries now cycle multiple times per day for frequency regulation, peak shaving, and voltage support. Energy-storage-system integrators adopt LTO batteries for grid-frequency response where state-of-charge swings are shallow but frequent. Industrial Robotics: LTO batteries are used in continuous-duty forklifts that require partial charges during operator breaks. Aerospace and Defense: Unmanned aerial vehicles, missile auxiliaries, and soldier-worn power banks operating from -40 °C to +60 °C ambient. 5-minute Battery-Swap Stations: Battery-as-a-service platforms require ultra-fast turnaround and high cycle life. CATL confirmed plans to install 1,000 swap stations in 2025 and 30,000-40,000 by 2030, each requiring packs that tolerate thousands of rapid exchanges without degradation. Sub-10 kWh Packs: Cordless construction tools, autonomous ground vehicles, and medical carts select LTO batteries to bypass daily pack swaps. 12V starter replacement to Lead acid: GMG's G+AI battery technology would be a viable 12 V starter-battery replacement for lead-acid, offering lower weight, longer cycle life, good low-temperature performance and improved cold-cranking capability, together with excellent tolerance to storage at 0% state of charge. In suitable system designs, the chemistry's stable voltage behaviour can also reduce balancing requirements and simplify battery management, helping to lower overall system cost. Lifecycle Procurement Preference: Many government procurement frameworks now weigh lifecycle reliability higher than purchase price. For example, New Mexico awarded a US$ 400 million bus electrification contract that included stringent thermal-runaway resistance metrics. Europe's Clean Industrial Deal allocates capital for storage technologies that stabilize renewables, aligning well with LTO batteries' fast-response profile. Cylindrical Cells: accounted for 37.7% of LTO battery sales in 2024 as entrenched production lines and robust steel casings satisfied heavy-duty demand. Pouch designs address aerospace weight requirements and constrained dashboards in autonomous robots. Summary of Important Milestones for GMG's G+AI Battery Development: Month Important Milestones in the Development of the Graphene Aluminium Ion Battery May 2020 GMG and UQ win Australian Research Council grant for Graphene battery development https://graphenemg.com/gmg-and-uq-wins-australian-research-council-grant-for-graphene-aluminium-ion-battery-development/ Apr 2021 The University of Queensland and GMG kick off coin cell battery development project https://graphenemg.com/gmg-the-university-of-queensland-research-uni-quest-kick-off-the-graphene-enhanced-aluminium-ion-battery-development-project/ May 2021 Graphene aluminium-ion battery performance data - Energy Density and Power Density https://graphenemg.com/gmg-graphene-aluminium-ion-battery-performance-data/ Jun 2021 Graphene aluminium-ion battery performance data - Cycle Life https://graphenemg.com/graphene-aluminium-ion-battery-performance-data/ Jun 2021 Significant potential battery customer market response to launch of battery https://graphenemg.com/gmg-graphene-aluminium-ion-battery-progress-update/ Jul 2021 Investment decision for coin cell battery development centre https://graphenemg.com/gmg-battery-pilot-plant-investment/ Oct 2021 Construction starts for coin cell battery development centre https://graphenemg.com/construction-battery-pilotplant/ Oct 2021 Bosch Australia Manufacturing Solutions and GMG sign Letter of Intent https://graphenemg.com/gmg-and-bosch-sign-collaboration-arrangement-for-bosch-to-design-and-deliver-gmgs-graphene-aluminium-ion-battery-manufacturing-plant/ Dec 2021 Commencement coin cell battery development centre https://graphenemg.com/battery-pilot-plant/ Dec 2021 Initial coin cell batteries sent for customer feedback https://graphenemg.com/graphene-aluminium-battery-customers-prototypes/ Mar 2022 Initial factory acceptance testing of semi-automated prototype battery cell assembly equipment https://graphenemg.com/gmg-announces-initial-factory-acceptance-testing-of-semi-automated-prototype-battery-cell-assembly-equipment/ Mar 2022 Wood Engineering and GMG Sign a Letter of Intent https://graphenemg.com/gmg-and-wood-agree-collaboration-arrangement-for-wood-to-engineer-and-deliver-major-graphene-manufacturing-expansion-projects/ May 2022 Rio Tinto and GMG sign Letter of Intent https://graphenemg.com/gmg-riotinto-energysavings-battery/ Jun 2022 Commissioning of Pouch Cell Equipment https://graphenemg.com/gmg-manufactures-first-pouch-cell/ Jun 2022 Bob Galyen, former chief technology officer of CATL, joins GMG technical advisory committee. https://graphenemg.com/gmg-technical-advisory-committee-leadership-team-additions-and-cfo-change/ Aug 2022 Investment decision for Phase 1 modular Graphene Production Plant https://graphenemg.com/gmg-announces-phase-1-expansion-project-to-graphene-manufacturing-facility-for-energy-saving-products-and-batteries/ Oct 2022 Significant battery performance, cell and graphene production improvements https://graphenemg.com/gmgs-battery-update-significant-battery-performance-cell-and-graphene-production-improvements/ Dec 2022 Investment of $600k Battery Development Centre https://graphenemg.com/gmg-invests-au-600000-to-accelerate-battery-pouch-cell-customer-testing-development-in-2023/ Feb 2023 Australian Government Approval (AICIS) for production and sale of batteries. https://graphenemg.com/gmg-receives-regulatory-approval-to-enable-significant-commercial-sales/ May 2023 Battery Joint Development Agreement with Rio Tinto signed https://graphenemg.com/gmg-announces-battery-joint-development-agreement-with-rio-tinto/ May 2023 Battery Technology Readiness Level (BRTL) 2-3 reached https://graphenemg.com/gmg-announces-battery-team-and-related-updates/ May 2023 Decision to switch to develop Pouch Cells (instead of Coin Cells) https://graphenemg.com/gmg-announces-battery-team-and-related-updates/ Jul 2023 Bob Galyen former chief technology officer of CATL joins GMG board of Directors https://graphenemg.com/graphene-manufacturing-group-appoints-former-chief-technology-officer-of-catl-limited-to-its-board-of-directors/ Sep 2023 Battery Pouch Cell Prototypes Multilayered Auto-Stacker Demonstration https://graphenemg.com/gmg-graphene-aluminium-ion-battery-pouch-cell-prototypes-multilayered-auto-stacker-demonstration/ Sep 2023 Reaching 500 mAh capacity battery https://graphenemg.com/gmg-achieves-500mah-graphene-aluminium-ion-battery-prototype-in-pouch-cell-format/ Sep 2023 Battery Technology Readiness Level (BRTL) 4 reached https://graphenemg.com/gmg-achieves-500mah-graphene-aluminium-ion-battery-prototype-in-pouch-cell-format/ Nov 2023 Rio Tinto and GMG Partnership Video Launched https://graphenemg.com/rio-tinto-gmg-battery-partnership-video-launch/ Dec 2023 Commissioning of modular Graphene Production Plant https://graphenemg.com/graphene-manufacturing-group-commissions-modular-graphene-production-plant/ Feb 2024 1000 mAh Capacity Reached https://graphenemg.com/gmgs-graphene-aluminium-ion-battery-1000-mah-capacity-reached-and-next-steps-toward-commercialisation/ Mar 2024 Graphene Manufacturing Group Secures AU$2 million Funding Grant from Queensland Government for Battery Pilot Plant https://graphenemg.com/graphene-manufacturing-group-secures-au2-million-funding-grant-from-queensland-government-for-battery-pilot-plant/ Aug 2024 GMG's Graphene Aluminium-Ion Battery: Progress Update and Next Steps Toward Commercialisation https://graphenemg.com/gmgs-graphene-aluminium-ion-battery-progress-update-and-next-steps-toward-commercialisation/ Mar 2025 GMG's Graphene Aluminium-Ion Battery: Collaboration with World Leading USA Battery Innovation Centre and Next Steps Toward Commercialisation https://graphenemg.com/gmgs-graphene-aluminium-ion-battery-collaboration-with-world-leading-usa-battery-innovation-centre-and-next-steps-toward-commercialisation/ About BIC: BIC is a collaborative initiative designed to incorporate leadership from renowned universities, government agencies, and commercial enterprises. BIC is a public-private partnership and a not-for-profit organization focusing on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers. BIC is a unique organization that has been leading battery cell development for world leading battery companies for over 10 years and has carried out over 500 battery development projects. About GMG GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries. GMG's 4 critical business objectives are: Produce Graphene and improve/scale cell production processes Build Revenue from Energy Savings Products Develop Next-Generation Battery Develop Supply Chain, Partners & Project Execution Capability For further information please contact: Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041 www.graphenemg.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the lower cost to produce GMG G+AI batteries, expectations for GMG G+AI batteries in respect of charging time, energy density, life cycle, safety, thermal runway risk and the need for a thermal management system when development is completed, that the new hybrid electrolyte is chloride free and non-corrosive, that the cathode and anode technology employed enables very fast and stable charging, that GMG G+AI batteries provide significant cost and weight savings relative to copper, that G+AI batteries can achieve over 150 Wh/kg charged over 1 hour and 75 Wh/kg when charged over 6 minutes following further development of cathode, anode, electrolyte and component weights, that G+AI batteries will progress to BTRL 7 and 8, that the timeline for the battery cell roadmap is achievable, that a range of global companies in a variety of industries will be interested in working with GMG, that the battery pack design will be plastic and which offers weight, cost and complexity advantages to a metal case and increased energy density, expectations for the lack of a thermal management system or fireproofing precautions, expectations for material and manufacturing costs, expectations for sales of LTO batteries, expectations for G+AI batteries being substitutable for LTO batteries at lower cost, expectations that G+AI batteries are viable 12V starter battery replacements and the rationale therefor and the advantages of pouch design for aerospace weight requirements and constrained dashboards of autonomous robots. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that GMG G+AI batteries can be produced at lower cost, as to charging time, energy density, life cycle, safety, thermal runway risk and the need for a thermal management system for G+AI batteries, the speed and stability of charging, that G+AI batteries will progress to BTRL 7 and 8, that a range of global companies in a variety of industries will be interested in working with GMG, that the battery pack design will be plastic and offer weight, cost and complexity advantages to a metal case and increased energy density, that the service agreement with the BIC will enable the Company to optimize its cell design and battery manufacturing equipment, and that the Company will be able to meet its overall timeline on the battery cell roadmap. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that GMG G+AI batteries cannot be produced at lower cost, or any of the assumptions as to charging time, energy density, life cycle, safety, thermal runway risk and the need for a thermal management system for G+AI batteries can not be achieved, G+AI batteries do not offer expected speed and stability of charging, that G+AI batteries will not progress to BTRL 7 and 8, that a range of global companies in a variety of industries will not be interested in working with GMG, that the battery pack design will not be plastic and not offer weight, cost and complexity advantages to a metal case and increased energy density, that the Company will not be able to optimize the electrochemical behaviour of the pouch cell through laboratory experimentation or at all, that the Company will not be able to meet its overall timeline on the battery cell roadmap, that the service agreement with the BIC will not enable the Company to optimize its cell design and battery manufacturing equipment and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 04, 2025 available for review on the Company's profile at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. [1] Lithium Titanate Oxide Battery Market Size, Share & 2030 Growth Trends Report [2] LFP: https://www.evlithium.com/catl-battery-cell/catl-150ah-lifepo4-battery-cell.html LNMC: https://keheng-battery.com/product/catl-nmc-3-7v-151ah-high-energy-density-battery-for-ev/ LTO: https://www.global.toshiba/ww/products-solutions/battery/scib/product-next/product/cell/high-power.html Lead Acid: https://www.altronics.com.au/p/s4530-12v-3.5ah-sealed-lead-acid-sla-battery/?srsltid=AfmBOoqZGMEIsX__YYOuRLC3nvYDFtNkf35qZYuYeoh3ACf4wrrOLISD [3] https://findingspress.org/article/21459-impact-of-charging-rates-on-electric-vehicle-batt [4] High-power type cells | SCiB™ Rechargeable battery | Toshiba [5] https://www.ritarpower.com/industry_information/The-Price-of-50-kWh-Lithium-Ion-Batteries-A-Comprehensive-Analysis_297.html#:~:text=Lithium%20Titanate%20(LTO)%20Batteries%3A,cost%20between%20%2440%2C000%20and%20%2460%2C000. [6] https://www.grepow.com/blog/battery-energy-density.html [7] Lithium Titanate Oxide Battery Market Size, Share & 2030 Growth Trends Report The issuer is solely responsible for the content of this announcement.
THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES Saguenay, Quebec - Newsfile Corp. - December 15, 2025 - First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that, on December 12, 2025, it closed the third tranche of its non-brokered private placement financing (the "Offering"), as further described in the Company's news releases dated November 7, 2025, November 17, and November 24, 2025. In aggregate, under the three tranches of the Offering, the Company has raised gross proceeds of $6,637,574 through the issuance of 5,955,444 Flow-Through Shares for gross proceeds of $5,359,900, and through the issuance of 1,419,638 Hard Dollar Units for gross proceeds of $1,277,674. Under this tranche of the financing, the Company raised a total of $3,066,726 through the issuance of 2,599,612 Flow-Through Shares for gross proceeds of $2,339,651 and 807,861 Hard Dollar Units, comprised of 807,861 Common Shares and 807,861 Warrants, for gross proceeds of $727,075. Together with this Offering, the Company has raised to date a total of approximately $46.7 million in 10 management-led non-brokered private-placement financings since June 2022. In connection with the current tranche of the Offering, the Company issued 8,000 compensation common shares and 8,000 Compensation Warrants, exercisable at a price of $1.25 per common share of the Company, until April 30, 2026, subject to an Accelerated Expiry Date. All securities issued under the Offering are subject to a four-month and one day statutory hold period in accordance with applicable securities laws. The Company intends to use the proceeds from the Offering as disclosed in the Company's press release dated November 7, 2025. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Company's news release dated November 7, 2025. The Company may close another tranche of the Offering at its discretion. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals. There can be no assurance that any further securities will be sold under Offering. About First Phosphate Corp. First Phosphate (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is a mineral exploration and cleantech company dedicated to building and onshoring a vertically integrated mine-to-market lithium iron phosphate (LFP) battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and national security. First Phosphate's flagship Bégin-Lamarche Property in Saguenay–Lac-Saint-Jean, Quebec, Canada is a North American rare igneous phosphate resource yielding high-purity phosphate with minimal impurities. Media & Investor Contact: Bennett Kurtz Chief Financial Officer bennett@firstphosphate.com Tel: +1 (416) 200-0657 Investor Relations: investor@firstphosphate.com Media Relations: media@firstphosphate.com Website: www.FirstPhosphate.com Follow First Phosphate: X: https://x.com/FirstPhosphate LinkedIn: https://www.linkedin.com/company/first-phosphate Forward-Looking Information and Cautionary Statements This release includes certain statements that may be deemed "forward-looking information". Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things, the completion of the Offering, the anticipated closing date(s) of the Offering, the intended use of proceeds of the Offering, approval of the CSE and the filing of the Offering Document. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, development and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; that the Company and other parties will be able to satisfy stock exchange and other regulatory requirements in a timely manner; that CSE approval will be granted in a timely manner subject only to standard conditions and that all conditions precedent to the completion of the Offering will be satisfied in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements. The issuer is solely responsible for the content of this announcement.
SHANGHAI, Dec. 12, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) announced that it has entered into share repurchase agreements in the U.S. and Hong Kong for an aggregate repurchase amount of approximately US$460 million for the first half of 2026, commencing on January 12, 2026. The share repurchase agreements include approximately US$350 million under the Rule 10b5-1 of the United States Securities Exchange Act of 1934 in the U.S. and approximately HK$880 million for a similar program in Hong Kong. These agreements are one component of the share repurchase program, and part of the broader plan to return US$1.5 billion to shareholders through dividends and share repurchases in 2026. This annual amount of capital return is equivalent to around 9% of our market capitalization as of December 11, 2025. "Yum China is committed to maintaining a dual focus: investing to drive business growth and delivering favorable capital returns to shareholders. Supported by a healthy cash position and strong cash-generation capabilities, we are on track to return US$4.5 billion to shareholders from 2024 through 2026. Starting in 2027, as outlined at our 2025 Investor Day, we plan to return approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests," said Joey Wat, CEO of Yum China. The average annual return in 2027 and 2028 is expected to be approximately US$900 million to over US$1 billion, and to exceed US$1 billion in 2028, through steadily increasing dividend per share over time and value-enhancing share repurchases. Since 2017, Yum China has returned US$5.8 billion to shareholders through dividends and share repurchases. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to our projected capital returns from 2025 and 2026. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook," "commit" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the Company's future strategies, growth, business plans, capital allocation strategy, capital return plans (including dividend and share repurchase plans). Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. Our plan of capital returns to shareholders (including dividend and share repurchase plans) is based on current expectations, which may change based on market conditions, capital needs or otherwise. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factor" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results. About Yum China Holdings, Inc. Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 17,000 restaurants under six brands across over 2,500 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain, which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit https://ir.yumchina.com/. Contacts Investor Relations Contact:Tel: +86 21 2407 7556IR@YumChina.com Media Contact:Tel: +86 21 2407 3824Media@YumChina.com
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