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Canaan Inc. Announces Up to US$30 Million Share Repurchase Program

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SINGAPORE, May 27, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today announced that its board of directors (the “Board”) has authorized a share repurchase program under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025.

Nangeng Zhang, chairman and chief executive officer of Canaan, commented, “In light of the recent market conditions, we believe that our shares are trading at levels that materially undervalue the strength of our business model and long-term growth potential. Our decision to initiate this share repurchase program is a proactive step to protect shareholder value while demonstrating our confidence in the Company’s strategic direction. Despite the current challenges posed by macro volatility and the newly imposed U.S. tariffs, we remain focused on executing our strategic plan with discipline, driving technological innovation, and preparing for a recovery across the bitcoin mining ecosystem.”

Under the share repurchase program, the Company may repurchase the ADSs representing its Class A ordinary shares through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof. In addition, Canaan will effect repurchase transactions in compliance with the Securities Exchange Act of 1934, as amended, and its insider trading policy. The number of ADSs repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with Canaan’s working capital requirements and general business conditions. The Company’s Board and/or its management will review the share repurchase program periodically and may authorize an adjustment of its terms and size as appropriate. The Company plans to fund the repurchases with its existing cash balance.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, such as expectations with regard to revenue or mining hash rate deployment, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, the ability of the company to execute against its goals, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

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SOURCE Canaan Inc.

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Anchanto Selected by CJ Foods Vietnam for Its Order and Inventory Management Software, in Partnership with eGURU

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Anchanto’s Order Management System (OMS) now gives CJ Foods Vietnam a single platform for its marketplace and online sales, built to carry high-volume campaigns as the business grows. 

CJ Foods Vietnam has selected Anchanto’s OMS to run its online sales reliably as it grows on Vietnam’s marketplaces.eGURU, an Anchanto channel partner, operates CJ Foods Vietnam’s online stores, while Anchanto carried out the implementation and both companies provide ongoing support. 

HANOI, Vietnam, Nov. 13, 2026 /PRNewswire/ — CJ Foods Vietnam, part of South Korean food group CJ CheilJedang, has partnered with Anchanto and eGURU, an Anchanto channel partner that runs the food company’s e-commerce stores, to handle its online orders and inventory from one place. CJ Foods Vietnam signed the agreement with Anchanto in April. Anchanto’s team implemented the OMS, which went live in July, and supports CJ Foods Vietnam day to day together with eGURU. 

As CJ Foods Vietnam expanded across several marketplaces and channels, keeping orders, inventory and promotions consistent became more complex. The OMS now aligns inventory levels across channels, sends orders to fulfilment automatically and combines sales reporting. 

Nhan T. Cao, CEO of eGURU, said, “Our brand partners want to grow on Shopee, Lazada, TikTok Shop and their own websites without adding manual work. Adding Anchanto’s OMS to our services means we can run their online operations from one platform, starting with CJ Foods Vietnam. We want to bring the same approach to more consumer goods brands in Vietnam.” 

Tu Linh Tan, eCommerce Manager at CJ Foods Vietnam, added, “We needed one platform to run our online operations reliably at scale. Since going live, our team has had a single view of orders and stock across our channels. For us, success means stable operations during peak campaigns and launching new channels faster. We see the collaboration extending to more channels and more brands as our online business scales.” 

Vaibhav Dabhade, CEO of Anchanto, added, “Vietnam is one of the fastest-moving e-commerce markets we work in, with sales shifting between platforms and evolving rules for online sellers. Our team on the ground knows that market, and we bring what we learn across Asia, Europe and the Middle East to the brands we serve here. We’re proud to support CJ Foods Vietnam, one of the country’s best-known food companies, together with eGURU, in the next phase of its growth.” 

Notes to Editors 

About Anchanto 

Anchanto is a Singapore-headquartered B2B SaaS company providing order management, warehouse management and parcel tracking software to brands, retailers and logistics providers across 12 countries. Its Vietnamese team supports leading local and regional businesses with ISO 27001-certified software and direct integrations to Shopee, Lazada, TikTok Shop and more than 200 other marketplaces, carriers and enterprise systems. 

Media Contact
Name: Charles Py
Title: Chief Marketing Officer, Anchanto
Email: marketing@anchanto.com 
Website: anchanto.com 

 

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ForenScope Releases Two New Crime Scene Evidence Cameras

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Forensic science and crime scene technology has taken another leap into the future. ForenScope has released two new versions of their popular ForenScope SuperSpectral crime scene evidence cameras. GRIMM Forensics is the exclusive reseller of the all-new ForenScope SuperSpectral FORCE and SuperSpectral CORE.

UNION HALL, Va., Nov. 13, 2026 /PRNewswire-PRWeb/ — ForenScope and GRIMM Forensics have officially released two new versions of the popular ForenScope SuperSpectral crime scene camera technology. The all-new ForenScope SuperSpectral FORCE and SuperSpectral CORE include all of the advanced features of earlier SuperSpectral versions with increased image resolution and light intensity.

“The results for bruising and injuries from the SuperSpectral FORCE & CORE are powerful tools for domestic violence and special victims investigations. It is quite simply, remarkable.” Ruth Prillaman, Director, GRIMM Forensics

The SuperSpectral FORCE features an ultra-high resolution 200 megapixel camera combined with interchangeable forensic ring-light attachments.

The SuperSpectral CORE features a high resolution 64 megapixel camera combined with a fixed, multi-purpose forensic ring-light.

Both of the new SuperSpectral models include the same “smart settings” for easily locating Body Fluids, Fingerprints, Blood, Gunshot Residue, Bruising, Strangulation Marks, Bones, Trace Evidence, and Counterfeit Currency.

ForenScope SuperSpectral technology includes basic and advanced settings to accommodate agencies with all levels of expertise. From Detectives and Crime Scene Technicians, to Crime Lab Experts and DNA Scientists, everyone can operate the SuperSpectral technology.

Each ForenScope SuperSpectral features a powerful ring-light with an integrated optical filter wheel with case management software to allow law enforcement agencies the ability to examine and document evidence at the crime scene, office, or laboratory.

The smart settings for Bruising, Bite Marks, Strangulations, and other Injuries are especially valuable for domestic violence and special victims investigations.

There are currently over 100 law enforcement agencies in the U.S. with ForenScope evidence technology.

ForenScope is a forensic technology company based in Istanbul, Türkiye. GRIMM Forensics is the exclusive U.S. reseller of ForenScope. GRIMM Forensics is a Virginia certified small business located in Franklin County, VA.

More information is available from GRIMM Forensics at www.grimmforensics.com

Media Contact

Ruth Prillaman, Crime Scene Plus, 1 (540) 565-0150, info@grimmforensics.com, www.grimmforensics.com 

Twitter, Facebook, LinkedIn

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SOURCE GRIMM Forensics

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SEMIFIVE Secures KRW 178.4 Billion in Q3 New Orders, Up 437% YoY, Driving Order Backlog to Record High

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Achieves 182% QoQ growth in new orders, pushing order backlog to an all-time high of KRW 245.5 billion Drives ASIC Service new orders to KRW 136.9 billion, up 705% YoY, fueled by global turnkey projects in North America Diversifies its advanced-node AI mass production portfolio, strengthening the foundation for long-term growth

SEOUL, South Korea, Nov. 13, 2026 /PRNewswire/ — SEMIFIVE, a leading global provider of custom AI semiconductor (ASIC) solutions, today announced record-breaking order performance for the third quarter of 2026, securing KRW 178.4 billion in new orders and driving its order backlog to an all-time high of KRW 245.5 billion on a consolidated basis.

SEMIFIVE achieved a remarkable 437% year-over-year (YoY) surge in third-quarter new orders, up from KRW 33.2 billion in the same period last year. The quarterly total was approximately 2.8 times the KRW 63.3 billion recorded in the previous quarter, representing a 182% quarter-over-quarter (QoQ) increase, and 1.5 times the company’s total new orders of KRW 118.9 billion for the first half of 2026. Capitalizing on surging global demand for custom ASIC solutions, SEMIFIVE accelerated its expansion into key international markets, including North America and Japan, fueling exceptional order growth.

The company pushed its order backlog to a record KRW 245.5 billion, a 75% increase from KRW 140.3 billion in the previous quarter. As these orders progressively convert into revenue, the expanding backlog is expected to serve as a powerful engine for sustained mid- to long-term growth.

SEMIFIVE generated order growth across all business segments, including ASIC development, mass production, and intellectual property (IP), with its ASIC Service business spearheading overall performance.

SEMIFIVE drove strong growth in its ASIC Service business by securing high-margin advanced-node turnkey projects. Third-quarter new orders in this segment soared 705% YoY to KRW 136.9 billion, compared with KRW 17.0 billion in the same period last year. A major high-performance computing (HPC) project win in North America reinforced the company’s position as a trusted provider of advanced-node turnkey solutions for large global customers. SEMIFIVE has also gained strong traction in the sovereign AI markets of South Korea and Japan, delivering tangible revenue growth.

SEMIFIVE leveraged the maturity of the 4nm process and its proven mass production track record to sharpen its competitive edge. As demand accelerates for AI inference chips built on the cost-effective, high-performance 4nm process, the company is actively capturing new opportunities through its established 4nm design and mass production capabilities.

In mass production, SEMIFIVE continued to secure a steady flow of purchase orders (POs) while accelerating the diversification and advancement of its product portfolio. The company is shifting its portfolio from smaller chips built on legacy process nodes for domestic customers toward advanced-node AI devices and dedicated AI HPC chips. Backed by exclusive mask production rights, stable shipments and an expanding AI mass production portfolio are expected to drive revenue growth beginning in 2027.

SEMIFIVE sustained steady growth in its IP business by securing additional orders for its off-the-shelf, silicon-validated IP offerings. The company supplies silicon-validated IP, originally developed for specific customers, to additional customers, maximizing the value of its proven IP assets. SEMIFIVE is also expanding into leading-edge 2nm and 3nm process technologies and HPC applications. By strengthening its IP portfolio based on Samsung Foundry’s 2nm and 3nm processes, the company aims to unlock additional order opportunities in the high-performance AI semiconductor market.

For the first nine months of 2026, SEMIFIVE recorded cumulative revenue of KRW 146.1 billion, up 62% YoY. Notably, as shipments of high-value AI chips gained momentum, product revenue surged 167% QoQ to KRW 12 billion, up from KRW 4.5 billion in the previous quarter, marking the beginning of a new growth phase. The company also continued to improve profitability, achieving a cumulative gross profit margin of 28%, up 11 percentage points YoY, and improving its operating margin to -14%, up 25 percentage points YoY. Looking ahead, SEMIFIVE expects to accelerate its financial performance in the fourth quarter as its KRW 245.5 billion order backlog begins converting into revenue at a faster pace, supported by increasing mass production volumes.

“Our latest performance proves that SEMIFIVE has entered a new phase of accelerated growth in the global AI ASIC market,” said Brandon Cho, CEO and Co-Founder of SEMIFIVE. “With our record-high order backlog and high-value mass production pipeline serving as powerful turbo engines, we are poised to further accelerate our growth.”

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SOURCE SEMIFIVE

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