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Promoting international cooperation in industrial and supply chains

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BEIJING, Nov. 21, 2024 /PRNewswire/ — This is an article from China.org.cn:

Chinese President Xi Jinping has emphasized that in a world of economic globalization, only by upholding openness and cooperation in global industrial and supply chains can win-win development be achieved. The resolution adopted at the third plenary session of the 20th Central Committee of the Communist Party of China (CPC) proposed facilitating international cooperation in industrial and supply chains. In alignment with these instructions, the China Council for the Promotion of International Trade (CCPIT) has embraced its mission by safeguarding the public-good nature of industrial and supply chains, fostering connections between government and business, integrating domestic and global markets, and streamlining coordination between supply and demand. As part of these efforts, the CCPIT is meticulously preparing for the second China International Supply Chain Expo (CISCE), so as to contribute to the development of an open global economy and the building of a community with a shared future for humanity.

Rapid reconstruction of global industrial and supply chains

The world today is undergoing major changes unseen in a century. Profound and complex shifts in the international political and economic landscape are marked by frequent local conflicts and turmoil, intensified rivalries among major powers, and a rising wave of anti-globalization. Against this backdrop, the restructuring of global industrial and supply chains is occurring at an accelerated pace.

On one hand, a new wave of scientific and technological revolutions, represented by information technology, artificial intelligence and new energy, is rapidly advancing. Digitalization and green transition have emerged as the primary directions for upgrading and modernizing industrial and supply chains. In response to these sweeping technological and industrial trends, countries around the world are making forward-looking strategies and investments. Breakthroughs in cutting-edge technologies are triggering changes in traditional industrial chains, giving rise to new fields and sectors such as artificial intelligence, green energy and biomedicine. These developments are significantly enhancing the efficiency and quality of supply systems, generating substantial new demand, and creating opportunities for global cooperation in industrial and supply chains while injecting new vitality into development.

On the other hand, due to the rise of protectionism, public health crises and geopolitical turmoil in recent years, industrial and supply chain cooperation has shown tendencies of politicization and securitization. Some nations are promoting “decoupling” and “small yard, high fence” policies, prompting multinational companies to shift their priorities from pursuing “cost and efficiency” to balancing “efficiency and security.” This trend has driven global industrial and supply chains toward onshoring, nearshoring and friendshoring, heightening the risk of economic fragmentation.

Given the diverse resource endowments and development levels of different countries, economic and trade cooperation remains the only viable path to achieving complementary strengths and mutual benefits. As the world’s largest developing country, China has long been committed to its own development while deeply participating in global industrial and supply chain cooperation, continuously making new contributions to the stability and resilience of global industrial and supply chains.

China as a pillar of stability for global industrial and supply chains

Security and stability are the cornerstones of development. Achieving these requires enhancing global resource coordination of key industrial chains, ensuring that countries and businesses have reliable partners and stable development expectations. 

China has the world’s most comprehensive industrial categories and a well-rounded industrial system, with manufacturing value-added accounting for around 30% of the global total, and over 40% of major industrial products ranking first in global output. In recent years, China’s position in mid-to-high-end industries, such as electronics, electrical equipment and machinery, has risen rapidly within the global division of labor. This has provided significant support for the stable operation of global industrial and supply chains, establishing China as a solid and reliable player in the global economic system.

The world economy operates as an interconnected whole. It requires the seamless circulation and effective allocation of production factors, while China plays a pivotal role in driving global connectivity. 

With high-quality Belt and Road Initiative (BRI) cooperation as a guide, China has focused on strengthening the “hard connectivity” of infrastructure and the “soft connectivity” of rules and standards with partner countries. To date, China has signed over 200 BRI cooperation agreements with more than 150 countries and 30 international organizations, aligning development strategies, management rules and standards. Landmark projects such as the China-Europe Railway Express, the Hungary-Serbia Railway and the Jakarta-Bandung High-Speed Railway have been completed, significantly reducing cross-border transportation and transaction costs while enhancing the quality and efficiency of global industrial and supply chains.

China pursues a proactive strategy of opening up and sharing the benefits of its vast market of over 1.4 billion people with the world. It has become the primary trading partner for more than 150 countries and regions, firmly maintaining its position as the world’s second-largest consumer market and the largest trading nation in goods. More than 90% of foreign-funded enterprises in China are oriented toward the Chinese market. By continuously easing market access, fostering a market-oriented, law-based and internationalized business environment, and attracting foreign investment on a global scale, China provides multinational companies with broad opportunities for growing their global presence.

Openness and inclusiveness are vital for fostering shared development and prosperity. Promoting the integration of global industrial and supply chains while driving the green, low-carbon transition is essential. 

Upholding the principles of harmony and coexistence, China has proposed initiatives on supply chain cooperation at such multilateral platforms as APEC, the G20 and BRICS, urging all parties to eliminate non-economic disruptions in trade relations. China has actively promoted international cooperation in green development. It has significantly enriched global supply with high-quality production capacities in electric vehicles, lithium batteries and photovoltaic products, contributing to the green development of global industrial chains. China also hosted the ASEAN Plus Three Industrial Chain & Supply Chain Partnering Conference to help enterprises in relevant countries integrate into global industrial and supply chains.

Building closer global industrial and supply chain partnerships

In line with President Xi’s directives, the CCPIT successfully launched the inaugural CISCE in 2023. This is the world’s first national-level supply chain expo, which has played a pivotal role in facilitating connections across the upstream, midstream and downstream sectors, promoting collaboration among enterprises of all sizes, fostering partnerships between industry, academia and research, and enhancing dealings between Chinese and international businesses. As a new open platform for win-win global partnerships, it strengthens cooperation between China and the world. 

The second CISCE is going to take place in Beijing from Nov. 26 to 30, 2024. We will adhere to the principles of internationalization, specialization, market orientation and green development in organizing the event. We aim to amplify the expo’s role as a hub for trade promotion, investment cooperation, innovation and knowledge exchange, working alongside all stakeholders to build a closer global industrial and supply chain partnership. This will contribute to the recovery and growth of the global economy.

We will enhance CISCE’s role as a window for high-level opening up. This year, CCPIT has hosted over 60 roadshows globally, inviting enterprises and stakeholders from around the world to participate in the second CISCE. Five international organizations – the United Nations Conference on Trade and Development (UNCTAD), the United Nations Industrial Development Organization, the World Intellectual Property Organization, the International Trade Centre (ITC) and the International Chamber of Commerce – have joined as supporting units. 

The expo has attracted more than 600 companies and institutions from nearly 70 countries, a 20% increase from its debut. Notably, over 60% of participants are either Fortune Global 500 companies or industry leaders. The percentage of overseas exhibitors has risen from 26% to 32%, with equal representation from Europe and the U.S and over 40 BRI partner countries. Delegates from over 100 countries and organizations will gather to explore the theme of “Connecting the World for a Shared Future.”

We will strengthen the platform to serve the new development pattern. The 2024 CISCE serves as a bridge for industrial integration, innovative promotion and market connectivity between China and the world. It uses supply chains as a catalyst for long-term collaboration between Chinese and foreign companies, to foster a precise and dynamic corporate ecosystem.

The new advanced manufacturing chain exhibition area will focus on developing new quality productive forces with nearly 80 leading global enterprises showcasing cutting-edge technological achievements from front-end designs to end-use applications, enhancing exchanges with innovation as well as cooperation. 

Over 70 new products, technologies and services will debut alongside targeted initiatives, such as promoting high-quality industrial chains in the Yangtze River Delta and showcasing investment opportunities in the Hainan Free Trade Port. These efforts aim to turn exhibitors into investors, fostering deeper engagement and investment of global enterprises in China.

We will enrich mechanisms to foster an open and inclusive global economy. The CISCE encourages joint participation by Chinese and international enterprises. For example, Rio Tinto, Bosch, Baowu and XPeng will jointly depict a comprehensive upgrade of the smart and green automotive industry. Fonterra, together with its Chinese supply chain partners, will demonstrate sustainable development of the “farm-to-table” ecological chain. Lenovo and SAP will highlight innovations in private cloud and commercial AI. 

The expo will release the Global Supply Chain Promotion Report 2024, the Global Supply Chain Promotion Index and the Connectivity Index as well as will gather Chinese and foreign guests to discuss sustainable market initiatives and the New International Land-Sea Trade Corridor, thus providing suggestions for promoting open global cooperation.

We will broaden practical pathways for building a community with a shared future for humanity. This year, the CCPIT has been proactively sharing China’s experiences in strengthening cooperation with global supply chains. It facilitated a joint APEC proposal on supply chain resilience with US business leaders, organized a delegation for the UNCTAD Global Supply Chain Forum and co-hosted a seminar on building greener and more resilient supply chains with the ITC at the World Trade Organization Public Forum.

The 2024 CISCE will release a “Beijing Initiative” to promote international cooperation in industrial and supply chains, and support the launch of industrial alliance initiatives across its six key industrial chains and one exhibition area, thus to broaden global consensus. Focusing on expanding unilateral opening up to the least developed countries, the CCPIT will support exhibitors from Africa, the Pacific Islands and the Caribbean, demonstrating in concrete actions China’s commitment to inclusivity and shared prosperity.

The author is chairman of the China Council for the Promotion of International Trade.
This article was written in Chinese and translated by China.org.cn.
Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.

Promoting international cooperation in industrial and supply chains
http://www.china.org.cn/opinion/2024-11/21/content_117561461.htm

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SOURCE China.org.cn

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ASUS Accelerates Enterprise AI at Scale with 6th-Gen AMD EPYC Server CPUs

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 ASUS leverages 6th-gen AMD EPYC Server CPUs to deliver scalable, efficient compute for enterprise AI, cloud, virtualization and business-critical workloads

SAN FRANCISCO, July 24, 2026 /PRNewswire/ — ASUS today announced its groundbreaking new server lineup powered by the AMD EPYC™ 9006 processors, engineered to deliver unmatched performance for the most demanding intensive enterprise workloads. This advanced portfolio introduces two highly optimized series with efficiency-optimized AMD EPYC SP8 server CPU, the flagship dual-socket ASUS RS700A/720A for extreme compute density and the single-socket ASUS RS500A/520A for superior space efficiency and deployment flexibility.

Both series integrate full PCIe® 6.0, leading memory support, and high-density E3.S storage, all underpinned by proprietary ASUS innovations for superior thermal management and operational efficiency to meet and exceed the rigorous demands of enterprise AI, virtualization, storage and cloud environments.

“The new ASUS server series, powered by 6th-gen AMD EPYC server CPUs, is engineered to power every enterprise workload with flexible, scalable infrastructure,” Paul Ju, Senior Vice President of ASUS, commented, “This launch marks a significant milestone for ASUS and our clients. The new series empowers businesses with a resilient foundation to achieve unprecedented computing efficiency and accelerating AI innovation with inference.”

ASUS expands 6th-gen AMD EPYC server portfolio with dual optimized series

ASUS has introduced a new server lineup segmented into two distinct series, each precisely engineered to meet diverse enterprise demands.

The flagship RS700A/720A series (dual-socket) delivers extreme compute density, making it ideal for AI inferencing, and complex simulations. It offers exceptional bandwidth with PCIe 6.0, memory leadership via 32 DIMM slots supporting ultrafast MRDIMM, and high-density storage with up to 32 E3.S bays in a compact 2U form factor.

Complementing this is the RS500A/520A series (single-socket), a highly efficient and space-optimized solution with depth under 800mm, perfect for mainstream enterprise workloads and rack-constrained environments. Featuring full PCIe 6.0 capabilities, E3.S storage support, and modular scalability through shared components with the RS700A and RS720A series, it provides uncompromised performance in a streamlined, deployment-friendly design.

ASUS elevates the AMD EPYC platform with cutting-edge proprietary innovations

ASUS has significantly advanced the AMD EPYC 9006 platform with a series of proprietary engineering breakthroughs focused on superior reliability, thermal management, and operational efficiency.

The DC-MHS modular architecture features a zone-partitioned chassis that separates I/O, HPM, fan, and storage modules to accelerate development, reduce capital costs, and enable rapid serviceability. The patented ASUS DIMM.2 Innovation repositions M.2 storage to the cooler DIMM region, eliminating thermal throttling without extra heatsinks and unlocking greater scalability. Thermal Radar 3.0 with PID Control delivers precise real-time fan regulation via advanced algorithms, reducing energy use and maintaining peak performance under heavy enterprise-level workload.

Completing the suite is the optimized tool-less operational-velocity design, which boosts maintenance efficiency, maximizing uptime and lowering TCO and sustaining peak performance even under volatile, high-load AI/HPC workloads.

AVAILABILITY & PRICING

ASUS RS700A/720A series and RS500A/520A series servers will be available soon. Please contact your local ASUS representative for further information.

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Fractal posts 20% revenue growth and 92% net income growth in Q1 FY27

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Adjusted EBITDA Grows at 35% YoYGross Margin up 29 bps1 to 46%; Adjusted EBITDA Margin up 189 bps to 17%

NEW YORK, July 24, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) announced its consolidated financial results for Q1 FY27, ending June 30, 2026.

In Q1 FY27, the Company reported consolidated operating revenue of INR 9,125 m, a growth of 20% year on year (YoY). Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 69% growth YoY. Strong sustained growth in HLS over the last several quarters has resulted in it becoming the second largest industry in the portfolio. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 36% YoY in Q1. Fractal’s largest industry, Consumer Packaged Goods and Retail (CPGR), continued to gather momentum, growing 19% YoY. On the other hand, TMT declined 22% YoY.

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention2 of 117% in Q1. Further, its Net Promoter Score (NPS) during the period stood at 77.

The company reported improved profit margins at all levels. Gross Margin in Q1 was at 46%, while Adjusted EBITDA Margin expanded by 189 bps YoY to 17%. Net Income grew 92% YoY to INR 723 m.

Commenting on the performance, Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, said:

“Enterprises are putting real transformation budgets behind AI now and we’re seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35% year on year, which is a better read on the underlying demand we’re seeing.

As data sovereignty becomes a bigger priority for governments and enterprises, and as open-weight models keep improving, clients need a partner who can work across models and infrastructure. We have invested heavily in our people, our research, and our own intellectual property to be that partner.”

1 Basis points = 1/100th of 1%
2 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions

About Fractal 

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products, anchored by Cogentiq, its flagship agentic AI platform. With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Cogentiq Health – Vaidya.ai and Cogentiq Data Science – PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

For more information, go to www.fractal.ai.

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SOURCE Fractal Analytics Limited

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Xryma Plc : Pre-Listing Liquidity Facility and Price Discovery Process

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NICOSIA, Cyprus, July 24, 2026 /PRNewswire/ — Xryma Plc (“Xryma”)  announces its intention to reapply within the next twelve months for admission to list on Euronext Paris (“Euronext”), with such admission being subject to Euronext’s approval. Before submitting its application, Xryma intends to launch a pre-listing liquidity facility and price discovery process, comprising a private placement to institutional and qualified investors alongside a secondary market offer to Xryma existing shareholders (“shareholders”) wishing to exit prior to listing.  

The admission referred to above that is subject to the approval of Euronext may also be subject to approval by relevant regulatory authorities, and no assurance can be given that approval will be granted or as to the timing of any admission.

The pre-listing liquidity facility and price discovery process is designed to:

Enable shareholders seeking an exit to participate without the need to open an EU brokerage account,Provide a clear and orderly opportunity for existing shareholders to sell all or part of their holdings ahead of any potential admission to trading on Euronext Paris,Enable shareholders to sell all or part of their holdings at the same price at which qualified and institutional investors subscribe for shares in the Company,Establish, through a bookbuild with qualified and institutional investors, a market-validated referenced price for Xryma shares ahead of any potential admission on Euronext Paris (the “Primary Market Placement Price”),Support orderly trading upon potential admission.

Individual shareholder mailouts explaining the details of the pre-listing liquidity facility scheme with instructions and necessary documentation will be conducted during August 2026.

As the Primary Market Placement Price is to be determined by the subsequent bookbuild, shareholders will be given the opportunity to set a floor price which will result in the sale of their shares if the Primary Market Placement Price is higher.  Shareholders will receive the Primary Market Placement Price minus applicable fees.

Shareholders and Investors may be scaled back to match corresponding demand from the other party, with partial fulfilment a possibility if the Company cannot match supply to demand.

Completion of the process is subject to achieving a level of institutional and qualified investor demand that the Board considers appropriate to support an orderly market should Xryma subsequently be admitted to trading on Euronext Paris.

Participation is entirely voluntary. Shareholders who do not wish to sell will simply retain their shares. Shareholders that do not intend to participate should continue to onboard with a Euronext participating broker, or a Euroclear ESES custodian, per previous communications.

The major shareholders, SCP Select All Enterprise (Monaco) and SCP Red 5 Solutions (Monaco) will not participate in the offer and will be subject to lock up arrangements.

Mr Nikogiannis (John) Karantzis, CEO of Xryma Plc comments: “Our shareholders have told us they would value a straightforward way to realise their holdings without the time and cost of opening an EU brokerage account. This process is our response to that feedback. We are structuring the placement to be large enough to establish a credible reference price whilst limiting dilution, with demand directed first towards meeting shareholder sell interest. We look forward to updating the market on the revised timetable in due course.”

Shareholders seeking a more detailed explanation of the pre-listing liquidity facility and price discovery process, should refer to the guide available at https://www.xryma.com/investors

Important Information & Disclaimers

This press release may contain inside information within the meaning of Article 7(1) of Regulation (EU) 596/2014 (Market Abuse Regulation).

This publication is not for publication or distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia, South Africa, Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this publication may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been taken that would permit an offering of the treasury shares or possession or distribution of this publication in any jurisdiction where action for that purpose is required.

This publication does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, South Africa, Japan or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. Any New Shares (if such are issued) will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any State or any other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of, the Securities Act and in compliance with all applicable securities laws of any State or any other jurisdiction of the United States. No public offering of securities is being made in the United States or in any other jurisdiction.

The information set forth herein must not be distributed in any jurisdiction where such distribution is unlawful, and any recipients are requested to inform themselves about and to observe such restrictions.

The Offering referred to herein by Xryma Plc will only be made in accordance with all applicable corporate and securities laws. Any shares referred to herein will exclusively be offered or sold in reliance on any applicable exemptions from prospectus or registration requirements in any jurisdiction. In member states of the European Economic Area, this publication is only addressed to and directed at persons who are ‘qualified investors’ within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended and including any relevant delegated regulations, the “Prospectus Regulation”) or in any other circumstances falling within exemptions available in the relevant member state under Article 1(4) and/or 1(5) of the Prospectus Regulation. In the United Kingdom, this publication is only addressed to and directed at qualified investors within the meaning of the Prospectus Regulation, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”), who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) falling within article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this publication and should not act on or rely on it.

This publication does not constitute a recommendation concerning the prospective Offering. This announcement does not constitute an Offer or invitation to subscribe.

This announcement includes statements that are, or may be deemed to be, ‘forward looking statements’. These forward-looking statements can be identified by the use of forward looking terminology, including the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, or ‘should’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward looking statements involve risk and uncertainty because they relate to future events and circumstances which may or may not occur. Many of these factors are beyond the control of the Company. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results and circumstances may vary materially from those described in this announcement as anticipated, believed, estimated or expected.

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