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TEN Holdings, Inc. Outlines Growth Strategy Following Closing of $7.5 Million Offering

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LANGHORNE, Pa., July 9, 2026 /PRNewswire/ — TEN Holdings, Inc. (Nasdaq: XHLD) (the “Company”), through its subsidiary, Ten Events, Inc., a provider of event planning, production, and broadcasting services, today said it intends to deploy the net proceeds from its recently completed $7.5 million offering to accelerate execution of the Company’s long-term strategy of investing in vital strategic priorities designed to accelerate growth and improve shareholder value.

These priorities, said Chairman, CEO and CFO Virgilio Torres, will include the following:

Strengthening Working Capital – Enhancing liquidity to support operations, improve financial flexibility, and position the Company to capitalize on future growth opportunities.Expanding Product Development – Accelerating development of the Company’s technology platform through expanded functionality, enhanced user experience, automation, analytics, and workflow capabilities designed to improve customer engagement and scalability.Building Artificial Intelligence Capabilities – Investing in AI-powered technologies to enhance content creation, audience insights, automation, personalization, and operational efficiencies across the platform.Pursuing Key Strategic Acquisitions – Exploring disciplined acquisition opportunities that expand the Company’s technology capabilities, recurring revenue base, customer relationships, and overall market presence.

Mr. Torres said he believes achieving the above initiatives “will strengthen our competitive position, expand our software capabilities, and create a more scalable business model capable of delivering sustainable long-term growth.”

Positioned for the Next Chapter

“This financing represents an important milestone for TEN Holdings and provides us with the capital to begin executing on the strategy we have been building over the past several months,” added Mr. Torres. “With this capital in place, we can now shift from managing through a transition period to a new phase of pursuing and attaining the key strategic priorities that will enable us to grow the Company and achieve significant improvements to our top and bottom lines.

“At the same time,” said Mr. Torres, “we intend to remain committed to prudent capital allocation and maintaining financial discipline as we scale.”

“With this financing, we believe TEN Holdings is now better positioned to build a stronger, more diversified technology business while creating long-term value for our shareholders. We look forward to pursuing and achieving these opportunities.”

Today’s news follows the Company’s press release of June 30 announcing the successful closing of its previously announced offering, generating gross proceeds of approximately $7.5 million before deducting offering expenses.

About TEN Holdings, Inc.

TEN Holdings, Inc., through its subsidiary, Ten Events, Inc., is a provider of event technology, planning, production, and broadcasting services headquartered in Pennsylvania. The Company produces virtual, hybrid, and physical events supported by its Ten Events Pro platform. To learn more, visit www.tenholdingsinc.com.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to: statements regarding the use of proceeds and the Company’s growth strategy, and the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) and other filings with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and TEN Holdings, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: IR@skylineccg.com

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SOURCE TEN Holdings, Inc.

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Cathay United Bank Ho Chi Minh City Branch Receives Three HR Asia Awards for Best Companies to Work for in Asia, Tech Empowerment, and People Transformation

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HO CHI MINH CITY, Vietnam, July 13, 2026 /PRNewswire/ — Cathay United Bank – Ho Chi Minh City Branch (CUBHCM) received the “Best Companies to Work for in Asia 2026” and “Tech Empowerment” awards at the HR Asia Awards 2026 for the second consecutive year. The branch was also honored with the “People Transformation” award. The recognition reflects CUBHCM’s continued efforts to strengthen talent development, enhance employee experience, and advance digital transformation across its overseas operations.

As part of its ongoing HR digitalization initiatives, CUBHCM has established an integrated digital HR platform. Employee basic information, leave applications, and attendance management are now fully processed through the platform, helping improve operational efficiency, reduce manual procedures, and provide employees with a more streamlined experience.

CUBHCM has also digitalized the key talent management and development processes through its self-developed Performance Management & Development (PMD) system and 360-degree feedback platform. These tools support more data-driven performance evaluations, structured development planning, and insightful talent discussions, strengthening the organization’s ability to nurture talent and drive sustainable growth.

In recent years, CUBHCM has continued to strengthen its digital foundation while placing greater emphasis on people development and organizational capability. With the support from Head Office, the branch has advanced a range of initiatives in talent cultivation, leadership development, employee engagement, and workplace culture. These efforts have not only supported long-term sustainable growth but also contributed to recognition across multiple award categories.

To further strengthen the talent pipeline and organizational capabilities, CUBHCM supports talent development through structured programs, including the Cathay Management Associate (CMA) Program, International Master Program (IMP), and Associate Relationship Manager Program (ARMP). These programs provide employees with training, cross-border exposure, and rotational experience to enhance their professional capabilities and broaden their perspectives. In parallel, the branch maintains leadership development frameworks, learning resources, and a well-being program covering employees’ physical, mental, social, and emotional needs, together with engagement channels that encourage communication, inclusion, and feedback.

Keng Yang Lin, General Manager of Cathay United Bank – Ho Chi Minh City Branch, said: “Receiving the Tech Empowerment Award is a strong recognition of our efforts in digital transformation. At Cathay United Bank, technology is not only applied to financial service innovation, but also embedded in how we communicate with employees, strengthen organizational collaboration, and support talent development. The People Transformation Award reflects our sustained investment in people. Through structured development programs, international exposure, and continuous learning opportunities, we aim to help employees build the confidence, resilience, and momentum needed to thrive in a rapidly changing environment.”

Since entering Vietnam in 2005, CUBHCM has steadily expanded its corporate and consumer banking businesses. Alongside this growth, the branch has remained committed to placing people at the center of its long-term development strategy. Through competitive compensation, comprehensive well-being support, and a workplace culture that values diversity and inclusion, the branch strives to create an environment where employees can develop their capabilities and contribute to sustainable growth.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cathay-united-bank-ho-chi-minh-city-branch-receives-three-hr-asia-awards-for-best-companies-to-work-for-in-asia-tech-empowerment-and-people-transformation-302823462.html

SOURCE Cathay United Bank

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FACTOR X Emerges from Stealth with Novel RNA – based Technology to Transform the Global Beauty Industry

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FACTOR X is a newly launched longevity-focused beauty technology company developing a breakthrough cellular delivery platform designed to transform the anti-aging skincare industry. Founded by entrepreneur and model Bar Refaeli, longevity physician Dr. Inbal Gat, Harvard-trained scientist Dr. Shira Orr, and health-tech entrepreneur Eran Orr, the company combines world-class scientific expertise with global commercial experience. The company’s proprietary technology enables the precise and safe delivery of active ingredients directly into targeted skin cells, opening the door to next-generation cosmetic products that can stimulate natural hyaluronic acid production, restore hair pigmentation, activate dormant hair follicles, improve skin pigmentation, and support healthier, more youthful skin at the cellular level. Following a successful pre-seed financing round, FACTOR X is currently raising a seed round to accelerate product development, expand strategic partnerships, and establish laboratory operations in Israel alongside its research activities in Boston. The platform is designed for easy integration into existing cosmetic formulations, offering major beauty brands a scalable, room-temperature-stable solution that could redefine the emerging “Skin Longevity” category

TEL AVIV, Israel, July 12, 2026 /PRNewswire-PRWeb/ — FACTOR X, a longevity-focused beauty technology company, today announced its official launch.

Following the successful completion of a pre-seed financing round, the company is now raising a seed round to accelerate development and expand its operations.

FACTOR X was founded by an exceptional team that combines pioneering science, longevity medicine, and global business expertise. The founding team includes international entrepreneur and model Bar Refaeli, longevity physician Dr. Inbal Gat, Harvard-trained scientist Dr. Shira Orr, and serial health-tech entrepreneur Eran Orr.

The company is developing a proprietary cellular delivery platform based on the principles of longevity science that, for the first time, enables the safe and precise delivery of biological payloads such as RNA directly into skin cells. Unlike conventional cosmetic technologies that primarily act on the skin’s surface, FACTOR X aims to fundamentally redefine how anti-aging products work.

The company’s technology combines a proprietary nanoparticle with RNA therapeutics. The nanoparticle protects the RNA as it penetrates the skin and delivers it directly into target cells, where it instructs them to restore youthful biological function. Potential applications include stimulating natural hyaluronic acid production in aging skin, restoring natural hair pigmentation, reactivating dormant hair follicles, reducing pigmentation disorders, and repairing biological aging pathways within skin cells.

FACTOR X was established through the strategic collaboration of three female founders, each contributing unique expertise to transform the global beauty industry.

The company’s clinical vision is led by Dr. Inbal Gat, a physician (DMD) who graduated with Dean’s Honors from Tel Aviv University and became the first Israeli to complete the global longevity medicine program at the American Academy of Anti-Aging Medicine (A4M), earning international certification in functional and longevity medicine. Following more than a decade of clinical practice in aesthetic medicine and extensive research in longevity, Dr. Gat developed her “Skin Longevity” philosophy, combining clinical experience with a deep understanding of the biology of aging.

Joining the team is Dr. Shira Orr, Chief Scientist and Co-Founder, who completed her postdoctoral research at Harvard University. Dr. Orr is leading the development of the company’s proprietary platform, whose nanoparticles transport RNA directly into target skin cells.

Completing the founding team is Bar Refaeli, who brings global visibility, brand recognition, and unparalleled access to international luxury beauty, marketing, media, and distribution networks.

Also joining the leadership team is Eran Orr, Founder and CEO of XRHealth and a recognized serial entrepreneur in digital health and medical devices. XRHealth has raised tens of millions of dollars from international investors and operates one of the world’s leading immersive healthcare platforms.

Dr. Inbal Gat, Co-Founder and Skin Longevity Pioneer

“Throughout my career in aesthetic medicine, I have always searched for ways to rejuvenate the skin from within rather than simply covering it with topical ingredients. FACTOR X applies the most advanced principles of longevity medicine and translates cutting-edge scientific discoveries into products that can communicate directly with skin cells, repair biological dysfunction, and restore youthful cellular activity. That is what true Skin Longevity means.”

Dr. Shira Orr, Co-Founder and Chief Scientific Officer

“Our platform is designed to be completely safe for everyday use, non-toxic, stable as a room-temperature powder, and easily incorporated into virtually any cosmetic formulation. Its precision enables RNA to reach specific target cells such as fibroblasts and stimulate them to produce proteins as they would in biologically younger skin.”

Bar Refaeli, Co-Founder

“Throughout my career, I’ve been exposed to countless beauty products, but FACTOR X represents something fundamentally different. When I learned about the science behind the company, it became clear that this wasn’t simply another cosmetic brand—it is a platform capable of changing the future of the beauty industry. Our vision isn’t to compete with existing brands, but to enable them by integrating our technology into the world’s leading skincare products.”

Currently in the proof-of-concept stage, FACTOR X offers several significant scientific and commercial advantages. Unlike many existing intracellular delivery technologies, which often suffer from toxicity, the FACTOR X platform is designed to be non-toxic and suitable for routine daily use. Its precision targeting allows RNA payloads to reach only intended cells, such as fibroblasts, minimizing off-target effects.

The platform also delivers two major commercial innovations. First, it is stable at room temperature with a long shelf life, eliminating the need for costly cold-chain logistics. Second, the RNA-loaded nanoparticles are manufactured as a stable powder that can be easily incorporated into existing cosmetic products—including creams, serums, and masks—without altering their original formulations.

This capability enables a highly scalable B2B business model, allowing FACTOR X to partner with leading global cosmetics companies without requiring them to redesign existing manufacturing processes, while still preserving the option to develop proprietary consumer products.

Initial proof-of-concept studies have already demonstrated promising technological feasibility. The company is now expanding development efforts and building international strategic partnerships, leveraging the scientific expertise and global reach of its founding team to establish Real Skin Longevity as one of the fastest-growing categories in beauty, longevity, and consumer biotechnology.

Media Contact

Shira Orr, Factor X, 972 9999999, contact@factorx.skin, https://www.factorx.skin/

View original content to download multimedia:https://www.prweb.com/releases/factor-x-emerges-from-stealth-with-novel-rna—based-technology-to-transform-the-global-beauty-industry-302823448.html

SOURCE Factor X

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ZEEKR, TPM Automotive, and SINEXCEL Jointly Build Thailand’s Fastest Megawatt-Level Charging Station

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BANGKOK, July 13, 2026 /PRNewswire/ — ZEEKR, TPM Automotive, and SINEXCEL announced the grand opening of Thailand’s first megawatt-level supercharging station in Bangkok, marking Thailand’s entry into the megawatt charging era. Representatives from the Bangkok Metropolitan Administration, operators, charging platform providers, and the media gathered to witness this milestone for Southeast Asia’s electric mobility landscape.

The Challenge: High-Voltage EVs vs. Legacy Charging Infrastructure

Thailand’s EV transition is accelerating, with 800V models making up 15% of the market. However, lagging public infrastructure creates a mismatch that presents three critical challenges:

Slow Charging: Low-power chargers can take over an hour, limiting the performance of 800V EVs.Inefficient Power Utilization: Traditional standalone chargers lack dynamic power-sharing capabilities, unable to support simultaneous multi-vehicle charging.Grid Instability: Megawatt-level charging demands introduce intense, instantaneous spikes that threaten local grid stability.

The Solution: 960kW Ultra-Fast Charging Stack

To solve these bottlenecks, the three partners deployed SINEXCEL’s 960kW ultra-fast charging stack —built to pair the fastest EVs with the fastest charging. The system features one 700A liquid-cooled supercharging dispenser paired with three 500A air-cooled fast-charging dispensers, delivering two advantages:

Powering Ultra-Fast EVs at Once, 10-Min to Full Power

The intelligent 960kW power pool dynamically allocates power based on vehicle demand.In live testing, two ZEEKR 7X vehicles charged simultaneously at peak speeds, surging from 20% to 80% in just 10 minutes.Power utilization reaches 97%—16% higher than conventional charging solutions.

Seamless Upgrades, Sustained Speed Leadership

Scalable Power: The system can seamlessly scale from 960kW to 1,280kW simply by adding power modules.Interchangeable Terminals: Supports future upgrades to liquid-cooled or MCS dispensers.Eco-System Integration: Supports solar and energy storage integration to reduce grid impact and expand charging capacity.

Co-Building the Future of Southeast Asian Mobility

As industry pioneers, ZEEKR spearheads premium electrification via its 800V platform, while SINEXCEL delivers 16 years of expertise as the world’s No.1 in megawatt-level charger sales. Alongside TPM Automotive’s premier local network, this tripartite alliance marks a milestone in vehicle-charger synergy.

By successfully validating the “EV + Charger + Local Partner” ecosystem, the coalition establishes a powerful, sustainable blueprint for Thailand’s supercharging network.

Moving forward, SINEXCEL remains committed to deepening its collaboration with ZEEKR, TPM, and industry leaders to accelerate ultra-fast charging infrastructure and power Southeast Asia’s green transition.

Media contact: zhimin_huang@sinexcel.com

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SOURCE SINEXCEL

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