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Global Sources Hong Kong Shows Phase II Officially Opens: AI, Fashion, and Technology Reshape the New Landscape of Global Sourcing

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HONG KONG, April 19, 2025 /PRNewswire/ — The second phase of the Global Sources Hong Kong Shows opened today at AsiaWorld-Expo, running from April 18 to 21. The four-day event combines four major trade shows: the Mobile Electronics, Smart Home, Security & Home Appliances, Lifestyle, and Home & Kitchen shows. With the theme “Forecasting Future Markets, Leading New Procurement Trends,” the exhibition is dedicated to create a comprehensive commercial ecosystem that integrates trend insights, product sourcing, and connections with premium suppliers. More than 2,000 export-oriented companies are participating, showcasing an astounding 150,000 innovative products. Attendees can explore a variety of cutting-edge items, including mobile devices, smart wearables, augmented reality/virtual reality (AR/VR) technology, smart home solutions, personal healthcare products, and pet supplies. With a diverse range of product offerings designed to distinguish themselves in a competitive market, the event serves as a valuable resource for professional buyers seeking forward-thinking procurement strategies.

Global Sources Hong Kong Shows Phase II includes:

Global Sources Mobile ElectronicsGlobal Sources Smart Home, Security & Home AppliancesGlobal Sources LifestyleGlobal Sources Home & Kitchen

John Kao, Vice President of Hong Kong Shows & Overseas Shows at Global Sources, stated that the exhibition is not just a pivotal opportunity for innovation in the global sourcing ecosystem; it also serves as an essential platform for businesses looking to enter new markets and showcase their competitive advantages. To assist exhibitors in navigating global trade barriers and expanding into diverse markets, the event will provide valuable support for buyers seeking to develop precise risk management strategies and tackle import challenges. The exhibition plans to enhance its offerings through on-site events, summits, and matching services.

Moreover, the integration of online and offline (O2O) services will be strengthened by leveraging the extensive data and cutting-edge AI technology available on the Global Sources website (globalsources.com). These efforts aim to promote the sustained and stable development of global trade.

Differentiated Products Lead New Global Sourcing Ecosystem

Against the backdrop of a complex global trade environment and increasingly fierce market competition, enterprises’ overseas expansion models are transitioning from “passively adapting to rules” to “actively creating demand.” By breaking through the challenges of product homogenization through technological innovation and emotional connections, businesses are seizing differentiated market opportunities. John Kao points out: “The core logic of exhibitors’ global expansion lies in effectively responding to external environmental uncertainties through market diversification strategies and building brand irreplaceability through product differentiation strategies. It’s important to emphasize that while cutting-edge technologies like AI are powerful tools to help enterprises break through market access barriers, the key to forming sustainable competitive advantages lies in having a comprehensive perspective and deeply integrating elements such as technology, scenarios, emotions, and design, rather than simply relying on technological feature stacking.”

1. AI+ Impact on the Industry: Differentiation Becomes the “Core Engine”

AI has achieved deep application in the show, becoming the core driving force for industry innovation. Many exhibitor use AI as their foundational technological logic, breaking the boundaries between traditional hardware and scenarios to build diversified application scenarios covering AI smart wearables, AI glasses, AI translation earphones, AI health management devices, AI PCs, and AI projectors. AI is previewing unlimited possibilities for future living through a dual-track model of “technology popularization + scenario verticalization.” Among them, Creek Wearable, focusing on user demand prediction, showcases smart wearable devices with built-in large language models like DeepSeek and ChatGPT that analyze user behavior in real-time to provide health alerts and schedule planning, upgrading smart hardware from “passive response” to “proactive service”; Chasinglight, with its “lightweight body + strong cloud” design concept, introduces AI Bluetooth earphones that connect directly to large language models like DeepSeek through mobile apps for status synchronization and convenient interaction; ZWEAR focuses on vertical application scenarios, launching AI smart glasses with an open-ear design, integrating AI simultaneous translation, meeting recording, real-time photography, and all-day smart broadcasting functions, effectively addressing information processing needs in cross-border meetings and business travel, redefining mobile office efficiency.

2. Integration of Technology and Fashion: New Brands’ Breakthrough Pathways

As global market competition intensifies and traditional track growth space becomes limited, some emerging export brand exhibitors are targeting Generation Z consumers’ dual demands for “personalized expression” and “technological experience.” Emerging brands are integrating fresh elements such as IP, trendy co-branding, DIY design, and fashion aesthetics based on innovative technology to strengthen products’ emotional value and market differentiation, opening new growth channels. Yoose razors feature powerful high-speed silent motors combined with lightweight portability and all-metal body design, elevating daily grooming into a fashionable ritual for male consumers, targeting global urban elite consumer groups. DOOGEE focuses on “fashionable cool technology,” creating rugged yet stylish rugged phone that precisely target differentiated needs of personalized consumer groups. Petsuper showcases smart cat litter boxes integrating automatic cleaning, deodorizing, sand replenishment, and packaging functions, meeting high efficiency demands in pet care scenarios while seamlessly integrating into modern living spaces through fashionable design, enhancing both aesthetics and practicality of pet care products.

3. Leading Companies Reinforce Advantages: Industry Leaders Drive Upgrade Through Self-Innovation

At the second phase of the Global Sources Hong Kong Shows, many industry leaders are actively consolidating technological advantages and continuing technological innovation to lead industry transformation and upgrading. They are no longer satisfied with existing market positions but are proactively exploring new technology applications to meet consumers’ increasingly elevated demands, further consolidating their irreplaceable positions in the global market and driving comprehensive innovation in the global procurement ecosystem.

Taking HTC as an example, as a pioneer in Virtual Reality (VR) and Augmented Reality (AR), the company has once again partnered with Global Sources Hong Kong shows to launch the “XR Experience Zone,” showcasing its latest breakthroughs in virtual reality and augmented reality technologies. By integrating cutting-edge technologies such as eye tracking, automatic pupillary distance adjustment, and full-color see-through capability, HTC provides immersive mixed reality experiences. Visitor can personally try multiple popular VR experience contents on-site, including “Kayak VR: Mirage,” “The Blu,” “Dead Second,” and “Notre-Dame de Paris,” directly feeling the impact brought by technological innovation. Additionally, HTC is also exhibiting its latest VIVE Mars camera tracking solution at the show, exploring new possibilities for virtual reality content creation. This solution provides precise tracking capabilities, allowing image producers to integrate real-world camera movements with virtual environments in real-time, significantly enhancing the user experience of image production.

Global Sources Innovation Awards: Promotes Industry Innovation with Dual Awards

The Global Sources Innovation Awards ceremony kicks off during the first day of the show. The second phase Innovation Awards mainly cover products in mobile electronics, smart home, security and home appliances, and quality living areas, aiming to recognize outstanding achievements in electronic product design, innovation, and quality, reflecting current technology development trends and future potential. It brings together top judges from industry associations, tech media, standards organizations to spotlight leaders in electronics innovation, ensuring the authority and fairness of the evaluation. Additionally, Global Sources Hong Kong shows have first partnered with the prestigious European Product Design Award (EPDA)™ to launch the “Best Product Design Award,” honoring products that stand out in creativity and design brilliance. The European Product Design Award (EPDA) evaluation criteria emphasize not only product aesthetics, user experience, and innovation, but also product functionality and performance, sustainability, market and social impact, as well as industry standards and specifications, ensuring that winning products achieve excellence in design, technology, environmental protection, and social responsibility. This award ceremony encourages companies to enhance their R&D and innovation capabilities while elevating the high-end image of award-winning electronic products, expanding brand influence, and promoting healthy and rapid development of the electronics industry.

Laurent Devos, CEO of the European Product Design Award (EPDA), stated, “The European Product Design Award (EPDA) is honored to collaborate with Global Sources to jointly launch the ‘Best Product Design Award’ at the exhibition. This collaboration demonstrates our shared commitment to discovering and recognizing outstanding design and innovation achievements globally.”

Global Sources Summit: Comprehensive Analysis of Cutting-Edge Trends and Business Opportunities

The Global Sources Summit held during the exhibition focuses on the theme “Tech-Enabled Strategies for an Era of Change” highlighting frontier areas such as AI, smart home, cross-border e-commerce, and green technology. The summit invited industry experts from various fields including SHOPLINE, eBay, Nielsen IQ, IoT Hong Kong (IOTHK), Philippine Trade & Investment Center-Hong Kong , Habits Bangkok, SGS, Guangzhou C&T, and others to engage in in-depth exchanges and practical experience sharing on topics such as “Beauty, Health, and Home E-commerce,” ” Chinese Brands to Go Global,” “Smart Home and Emerging Markets,” “AIoT Convergence,” “Philippines-Hong Kong Trade Opportunities,” “Interactive Design for Home Appliances,” “Green Technology Design for Mobile Electronic Products,” and “Pet Product Safety and Regulations.” John Kao emphasized: “This summit closely aligns with market trends and focuses on key issues. The practical sharing from experts will help enterprises accurately grasp trends and seize business opportunities. In the current era of technology-led transformation, enterprises need to keep pace and seek breakthroughs through innovation.”

About Global Sources

Global Sources is an internationally recognized multichannel Online-to-Offline (O2O) sourcing platform that has been driving global trade for over 50 years. The company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through its online platform GlobalSources.com, mobile apps, industry-specific trade shows, and tailored business matching. Global Sources’ unique services have successfully provided efficient and convenient commercial services to over 14 million registered international buyers and users.

For Media Enquiry,

Market Hubs Holdings Limited

Lierence Li

Debbie So

+852 3998-4900

+852 3998-4900

lierence@markethubsgroup.com

debbie@markethubsgroup.com

 

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SOURCE Global Sources

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Great Place To Work names Invisors on the 2026 Best Workplaces for Women List, Ranking no.65

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Invisors named a UK’s Best Workplaces for Women™!

GLASGOW, Scotland, July 24, 2026 /PRNewswire/ — Invisors, a Workday Services Partner has officially been recognized as one of UK’s Best Workplaces for Women 2026™, in 65th place out of the 350 ranked organisations.

Invisors’ values and culture are among the reasons women at our organisation say it is a great place to work. Discover how the team brings this philosophy to life at invisors.com/company-overview.

The 2026 UK’s Best Workplaces for Women list is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 350 companies on the list are committed to ensuring a reasonable balance of women and men across the organisation; removing barriers to women’s career advancement; and creating workplaces where all employees, regardless of gender, can flourish.

“I’m incredibly proud to see Invisors recognized as a Top Place for Women to Work. This award reflects the culture we’ve built together—one that values inclusivity, flexibility and empowerment. It’s a place where people are supported to bring their whole selves to work, grow their careers and strive for excellence every day.” Jennifer Donnelly-Corbett, EMEA Manager, HCM and Absence at Invisors.

Benedict Gautrey, Managing Director of Great Place To Work UK says:

“This year’s UK’s Best Workplaces for Women list celebrates businesses making a genuine difference day to day, not just in what they say, but in how people experience work. What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued, and able to grow.

Our research demonstrates that these organisations creating high-trust environments deliver stronger results, whether in financial outcomes, impact, or service delivery, alongside greater agility and resilience in the face of change.

Congratulations to Invisors for creating an environment where inclusion is clearly felt in practice.” 

Matt Smith, Managing Director, Global HR Operations, Invisors “Being named as one of the UK’s Best Workplaces for Women list is an achievement because it reflects what our people actually experience, not just what we aspire to. We’ve worked to build an environment where career growth and success aren’t something women have to fight for — it’s built into how we operate. This recognition is a great step in the journey, not the finish line, and we’re committed to keeping that bar high as Invisors grows within the UK.”

About Invisors

As a certified Workday Services Partner, Invisors helps clients leverage their organisational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. To learn more, visit invisors.com

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, helping organisations to create exceptional, high-performing workplaces where employees feel trusted and valued. The UK’s Best Workplaces for Women™ enables these outstanding organisations to celebrate their achievements, build their employer brand, and inspire others to take action. For more information, visit www.greatplacetowork.co.uk.

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SOURCE Invisors

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Auction Direct USA in Raleigh, NC, Makes It Easy to Shop for Used Vehicles Online

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RALEIGH, N.C., July 24, 2026 /PRNewswire/ — Auction Direct USA in Raleigh, NC, helps shoppers browse used-vehicle inventory, compare options, and complete key steps of the buying process online for a faster, more convenient shopping experience.

Auction Direct USA in Raleigh, NC, is simplifying the used vehicle shopping experience by offering convenient online tools that help drivers browse inventory, compare options, and begin the purchasing process from the comfort of home.

With a user-friendly website, shoppers can explore an extensive selection of used cars, trucks, and SUVs that fit a variety of budgets and lifestyles. Detailed vehicle listings provide important information, including photos, key features, specifications, pricing, and availability, allowing customers to make informed decisions before visiting the dealership.

The online platform also makes it easy to narrow vehicle choices using search filters for make, model, body style, price range, mileage, model year, and other preferences. These features help shoppers quickly find vehicles that meet their individual needs while saving valuable time.

In addition to browsing inventory, customers can use several digital shopping tools to streamline the buying process. Visitors can estimate monthly payments, value a trade-in, complete a finance application, and schedule a test drive online. These resources allow shoppers to prepare for their dealership visit with greater confidence and convenience.

Auction Direct USA in Raleigh, NC, regularly updates its online inventory, giving customers access to fresh vehicle selections as they become available. Whether someone is searching for a dependable commuter car, a family-friendly SUV, or a capable pickup truck, the website provides an efficient way to explore available options before stepping into the showroom.

The dealership remains committed to delivering a straightforward, customer-focused buying experience by combining a wide range of high-quality used vehicles with digital tools that simplify every stage of the shopping journey.

Drivers looking to begin their search can visit Auction Direct USA in Raleigh, NC, or browse the current inventory online to compare vehicles and take advantage of convenient shopping resources before visiting the dealership in person.

About Auction Direct USA in Raleigh, NC

Auction Direct USA in Raleigh, NC, offers a diverse inventory of quality used cars, trucks, and SUVs to meet a wide range of driving needs and budgets. By combining a customer-focused approach with convenient online shopping tools, the dealership helps make finding and purchasing a used vehicle simple, efficient, and enjoyable.

Media Contact: Tony Kicinski, 844-678-8048, tonyk@auctiondirectusa.com

 

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SOURCE Auction Direct USA

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FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

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Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank’s Strong Capital Position and Commitment to Long-Term Shareholder Value

HICKSVILLE, N.Y., July 24, 2026 /PRNewswire/ — Flagstar Bank, N.A. (NYSE: FLG) (the “Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar’s long-term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time.

“We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long-term value for our shareholders.”

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position and financial performance, accounting and regulatory considerations, and general market conditions.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders’ equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the “Reorganization”), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “confident,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position, and financial performance, accounting and regulatory considerations, as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management’s attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC’s website at www.occ.gov, and on the SEC’s website at www.sec.gov.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

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SOURCE Flagstar Bank, N.A.

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