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China Automotive Systems Adds Another National ‘Green Factory’ To Its Manufacturing Development

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WUHAN, China, Aug. 17, 2026 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced it has added another national-level “Green Factory”, marking a new milestone in its green manufacturing system development.

The Ministry of Industry and Information Technology (MIIT) announced that Jingzhou Henglong Automotive Parts Manufacturing Co., Ltd. (“Jingzhou Henglong”), a subsidiary of CAAS, has been named a national-level “Green Factory” for 2025. With this achievement, the Company now features two national-level “Green Factories.” This dual national-level recognition of its green transformation and development sets a benchmark for the green upgrading of regional manufacturing enterprises.

Jingzhou Henglong secured its place on the national-level “Green Factories” and “Green Industrial Parks” lists. This recognition highlights its outstanding performance in green production, energy conservation, and emission reduction, and marks yet another national-level accolade for the Company’s green manufacturing systems. The Company’s Hubei Henglong Automotive Systems Group Co., Ltd.’s Dongfang Avenue plant was recognized with the same honor in December 2023.

To date, two of Henglong Group’s subsidiaries have been designated as national-level “Green Factories” signaling that the Group’s overall green transformation efforts have reached a new level. In recent years, the Group has rigorously implemented the requirements of the national “14th Five-Year Plan for Industrial Green Development” and the “Implementation Plan for Carbon Peaking in the Industrial Sector”. Taking the Jingzhou Dongfang Avenue plant as a pilot site for green transformation, the Company has steadily advanced the implementation of new energy projects and the large-scale application of clean energy systems. Through key energy-saving and emission-reduction initiatives—such as the retrofitting of digital workshops, the commissioning of an 8MW rooftop photovoltaic power project, the recovery and recycling of waste heat from air compressors, and the reuse of treated wastewater—the Company has significantly reduced energy consumption across the entire production processes, achieving cost reductions and efficiency gains. This pathway is replicable and scalable for the green transformation of manufacturing enterprises.

Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, “This recognition is a result of the Company’s years of implementing a sustainable development strategy. It marks a new phase in which our green manufacturing systems are led by two national-level benchmarks. By leveraging the exemplary role of these two national-level “Green Factories”, we aim to drive green retrofitting and low-carbon upgrades across more subsidiaries to unlock the potential for energy conservation and emission reduction in the industrial sector and contribute steadfastly to the nation’s successful realization of its carbon peak and carbon neutrality goals.”

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly-owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: https://www.caasauto.com.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F as filed with the Securities and Exchange Commission on April 22, 2026, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-510-8922
Kevin@awakenlab.com 

View original content:https://www.prnewswire.com/news-releases/china-automotive-systems-adds-another-national-green-factory-to-its-manufacturing-development-302852602.html

SOURCE China Automotive Systems

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ByteLens Turns Operator Data Into Compounding Knowledge

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Accelerating every operator’s journey to autonomous operations, inside their own network.

AMSTERDAM, Aug. 17, 2026 /PRNewswire/ — ByteLens today launched its AI-native operational intelligence product for telecom operators. It warns of faults before customers are affected, pinpoints the cause across vendors and domains in seconds, and repairs fault types the operator has approved. Human judgment stays where it is needed.

Fragmented data with no intelligence inside is the industry’s most imminent problem. Operators are not short of data. They have become short of knowledge that lasts. An incident is solved once, and the knowledge quite often leaves with the engineers.

Prevention is the point. ByteLens learns the patterns that precede an outage, fixes the cause, and keeps the record: the reasoning, the fix, the engineer’s correction. The next similar fault starts there, not from zero.

It runs on open telemetry standards operators already produce, alongside existing monitoring. No new agents. No re-architecture. No second copy. ByteLens spans the operator’s data estate, enriching it with every fault resolved.

ByteLens replaces the dashboard, not the engineer. It shapes what it knows to each persona inside the operator and answers in conversation. Ask a question, get an answer, not a screen.

“Autonomous operations arrive when the network handles what it has already learned to handle, and the engineer sees only what needs a human,” said Anil Jain, Co-Founder and Chief Executive Officer, ByteLens.

“Expertise stops living in individual heads and becomes something the operator owns,” said Yogesh Malik, Co-Founder and Chief Product Officer, ByteLens.

“ByteLens is addressing one of the industry’s most important operational challenges,” said Ruza Sabanovic, Executive Director, CP Group. “I wish them every success.”

“Networks are rich in data but lack actionable insight,” said Jai Prakash, a career telecom CTO. “AI has to be built into how the network runs, not added later.”

ByteLens arrives full. Deep telecom intelligence meets the operator’s own data estate. The two compound into an advantage no competitor can copy. Autonomy follows one resolved fault at a time, running with live network data at four tier-1 operators.

What the network learns, the operator keeps.

About ByteLens

ByteLens is an AI-native operational intelligence product with cross-domain root-cause correlation for telecom operators. Founded in Amsterdam by Yogesh Malik and Anil Jain, with three decades in the industry, and engineers in Europe, India and the US. www.bytelens.ai

Media Contacts

sowmya@claritypr.in

 

View original content:https://www.prnewswire.co.uk/news-releases/bytelens-turns-operator-data-into-compounding-knowledge-302852753.html

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Digital Asset Clearing Center Completes CertiK Security Audit of Smart-Contract for DACC ChainFusion™

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Named Gold Winner in Banking-as-a-Service Innovation at the Juniper Research Fintech Payments Awards 2026

HONG KONG, Aug. 17, 2026 /PRNewswire/ — Digital Asset Clearing Center (DACC), the leading cross-border bank grade Web3 global independent clearing ecosystem for Hong Kong, today announced that CertiK, the largest Web3 security services provider, has completed a security audit of the in-scope smart-contract code supporting specified components of DACC ChainFusion™ technology platform.

The audit assessed the in-scope smart contract code for potential vulnerabilities, including risks associated with privileged functions, role-based permissions, access-control logic, and other security-relevant aspects of the audited smart contracts. The resulting findings and recommendations were documented in CertiK’s final audit report. The engagement comes amid the continued development of Hong Kong’s digital bond ecosystem and growing interest in bond tokenisation. DACC ChainFusion™ is designed to bridge traditional finance with public and private blockchain networks. 

“As institutional adoption of tokenised assets grows and with Hong Kong positioning itself to capture this market as well as introduce tokenised assets for retail, we support this effort to be the direct regulatory interface for digital assets from inception to distribution through our DACC ChainFusion™ technology,” said Serra Wei, co-founder and Chairwoman of the Digital Asset Clearing Center. “A stronger foundation for tokenised markets starts with security. As part of our process to support retail digital asset bonds, DACC engaged CertiK to conduct a smart-contract review of the DACC ChainFusion™ platform.”

A smart-contract security audit is an important component of assessing the code that supports defined on-chain asset-issuance and lifecycle processes. Smart-contracts can support key processes throughout the lifecycle of tokenised assets, from issuance and ownership records to programmed events and settlement workflows. For issuers, investors and financial institutions, confidence in smart-contract architecture is fundamental. Featuring bank-grade hot-cold wallet segregation and real-time KYT/AML transaction screening, DACC ChainFusion™ is designed with security, transparency, and national grade operational controls. 

“CertiK is committed to delivering comprehensive security solutions that help protect digital assets and strengthen security across the Web3 ecosystem,” said Yuannan Yang, Director of Security Engineering at CertiK. “As tokenised assets become more closely integrated with mainstream financial markets, security needs to be considered from the outset. DACC has made that a clear priority in the development of ChainFusion™, and we value the opportunity to work with its team on this important step.”

To showcase the innovation behind DACC ChainFusion™, Juniper Research awarded Digital Asset Clearing Center a Gold Winner in the Banking-as-a-Service Innovation category of its Fintech Payments Awards 2026. The Juniper Research Future Digital Awards recognise start-ups and established players shaping the future of financial services. Entries are reviewed by a Juniper Research analyst panel, assessed against a rigorous set of criteria, and verified by the firm’s judging panel.

About CertiK

CertiK is the largest Web3 security service provider, headquartered in New York. Since its founding in 2017, the company has grown into a trusted risk management partner for regulators, institutions, and Web3 innovators worldwide.

CertiK delivers AI-powered, full-lifecycle risk management solutions that integrate directly into institutional clients’ system development lifecycles (SDLC). To date, CertiK has detected more than 119,000 vulnerabilities and protected over $600 billion in digital assets across 150+ countries and regions. Operating under SOC 2 Type II and ISO 27001 standards, CertiK works closely with regulators worldwide on digital asset policy development and regulatory consultation.

About Digital Asset Clearing Center (Hong Kong)

Digital Asset Clearing Center (https://dacc.hk) is an award-winning open financial market infrastructure aiming to establish Hong Kong’s first bank grade Web3 global independent clearing ecosystem with CIPS integrations. Through a unified dual-core clearing rail, bank-grade hybrid custody, AI automated back office and a Delivery-vs-Payment and cross border stablecoin liquidity hub, DACC creates an institutional cross-border bridge that routes traditional CIPS/e-CNY fiat flows into RWA tokenized assets. DACC provides authorised institutional participants with real-time, secure, and regulatory-compliant services. As the direct regulatory interface for tokenised assets from inception to distributions, DACC follows the Core Criteria of Circulars announced by the SFC and HKMA. Where CIPS Meets Tokenisation

View original content:https://www.prnewswire.com/apac/news-releases/digital-asset-clearing-center-completes-certik-security-audit-of-smart-contract-for-dacc-chainfusion-302852756.html

SOURCE Digital Asset Clearing Center

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Meitav Investment House Reports Record Second Quarter 2026 Results: Net Profit Attributed to Shareholders Up 31%, Adjusted EBITDA Margin Expands to 43.2%, and Net Profit Up 25% Year-Over-Year

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Management to Host a Conference Call in English Today at 8:30 a.m. EST/3:30 p.m. Israel Time

TEL AVIV, Israel, Aug. 17, 2026 /PRNewswire/ — Meitav Investment House (TASE: MTAV), Israel’s leading investment house, announced today record financial results for the second quarter ended June 30, 2026, marking another quarter of strong profitability, alongside continued growth in assets under management, net inflows, and revenues.

Second Quarter 2026 Financial Highlights

Net profit attributed to shareholders increased 31 % year-over-year, and 11% sequentially, to NIS 142 million (~$48 million).Record adjusted EBITDA margin expanded to 43.2%, up from 42.3% in the first quarter of 2026 and approximately 41.8% in the second quarter of 2025.Net profit increased 25% year-over-year to NIS 151 million (~$51 million).Basic EPS increased 23% year-over-year, and 8% sequentially, to NIS 1.70.Total revenues increased 28% year-over-year, and 3% sequentially, to NIS 614 million (~$206 million).Record revenue from AUM-based activities increased 37% year-over-year to NIS 414 million (~$139 million).Operating profit increased 37% year-over-year to NIS 224 million (~$75 million).Net inflows of over NIS 14 billion (~$4.7 billion) remained strong across long-term and short-term savings products, reflecting continued client trust and platform momentum.Total AUM (excluding alternative investments) reached a record NIS 463 billion (~$155 billion) as of June 30, 2026, up approximately 14% compared to December 31, 2025, and up approximately 9% compared to March 31, 2026.G&A expenses were NIS 168 million (~$56 million) in Q2 2026, down slightly from NIS 169 million (~$53 million) in Q1 2026, and up 8% year-over-year from NIS 156 million in Q2 2025.

Second Quarter 2026 Segment Highlights

Long-term savings (LTS) revenues reached NIS 268 million (~$90 million), up 42% year-over-year and 11% sequentially, driven by strong client deposit inflows and market share gains. The Company recorded an increase in its market share in the provident funds activity, reaching 14.3%.Mutual funds and ETFs revenues reached NIS 128 million (~$43 million), up 29% year-over-year, reflecting continued strong demand for actively managed equity and fixed income strategies, though down modestly (4%) reflecting a normal range of quarter-to-quarter variability.Meitav Trade revenues reached NIS 75 million (~$25 million), up 17% year-over-year, on continued growth in the Company’s consolidated retail and institutional brokerage segment.Non-bank credit revenues reached NIS 105 million (~$35 million), up 7% year-over-year.The Company completed a full exchange tender offer for the outstanding shares of Peninsula Group Ltd. (“Peninsula”), our non-bank financial company providing credit and financing solutions to small and medium-sized enterprises. Following the offer, Peninsula became a reporting wholly owned private subsidiary of the Company.The Company’s issuer and Series D bond ratings were upgraded by Midroog, an affiliate of Moody’s, from Aa3.il to Aa2.il, with a Stable Outlook, reflecting continued confidence in Meitav’s growth trajectory and financial position.

First Half 2026 vs. First Half 2025

Total revenues increased 30% to NIS 1,212 million (~$407 million) in H1 2026, from NIS 930 million in H1 2025.Revenue from AUM-based activities increased 37% to NIS 805 million (~$270 million), from NIS 587 million.Operating profit increased 45% to NIS 447 million (~$150 million), from NIS 308 million.Adjusted EBITDA increased 39% to NIS 518 million (~$174 million), from NIS 373 million, with adjusted EBITDA margin expanding to 42.7% from 40.1%.Net profit increased 28% to NIS 291 million (~$98 million), from NIS 228 million.Net profit attributed to shareholders increased 32% to NIS 270 million (~$91 million), from NIS 204 million.Basic EPS increased 24% to NIS 3.23, from NIS 2.60.

“Our second quarter results reflect the continued growth in profitability and disciplined execution across the platform,” said Ilan Raviv, Chief Executive Officer of Meitav Investment House. “Net profit attributed to shareholders grew 31% year-over-year, and our adjusted EBITDA margin expanded to over 43%, our strongest margin on record, a trend we believe reflects the increasing scalability of our business.

With first-half results tracking ahead of plan, we are confident in our ability to exceed our full-year guidance. The Company now expects full-year 2026 profitability to increase by more than 25% compared to 2025, subject to market conditions.

We were also pleased to see that our credit rating was upgraded during the quarter, a strong vote of confidence in our financial profile, risk management and growth trajectory.

On the strategic side, we also completed the exchange tender offer for Peninsula, our non-bank SME credit business, which is now a wholly owned subsidiary. Full ownership allows us to  leverage our capabilities in the non-bank credit segment, expand our operations, optimize capital utilization, and reduce costs.

Lastly, we continue to advance our AI initiatives, which are increasingly delivering measurable impact across client service and back-office operations. For example, in our provident and pension company, currently, 55% of written communications with clients are handled by AI tools, and the information provided to clients is personalized rather than general; responses are precise, and service is available around the clock.”

Einat Rom, Chief Financial Officer of Meitav Investment House, added:

“Our growth this quarter was driven by continued strength across our asset management franchise. Total AUM reached a new high, reflecting both strong net inflows and investment performance. We continued to lead the market in terms of inflows into our core savings products, provident and study funds, and mutual funds. The actively managed mutual funds, our highest-margin product, led the market consistently throughout the first half of the year. That leadership continued into July, with inflow data showing our net inflows running more than double the second-largest competitor. We believe this reflects the strength of our distribution platform, the appeal of our products, and the trust our clients continue to place in us.”

Assets Under Management and Business Momentum

As of June 30, 2026, Meitav’s assets under management (AUM), including alternative investments, totaled NIS 464.5 billion (~$156 billion), an increase of approximately 13.6% compared to approximately NIS 409 billion as of December 31, 2025.

AUM grew steadily throughout the second quarter, from NIS 427.2 billion at the end of Q1 2026, to NIS 449.6 billion as of April 30, 2026, to NIS 464.2 billion as of May 31, 2026, before reaching the June 30 record of NIS 464.5 billion. AUM was comprised of NIS 242.4 billion in Meitav Provident & Pension Funds, NIS 118.9 billion in Meitav Mutual Funds, NIS 101.6 billion in Meitav Portfolio Management (including approximately NIS 7.5 billion in portfolios invested in mutual funds managed by Meitav Mutual Funds), and NIS 1.6 billion in Alternative Investments.

As highlighted through the Company’s monthly reporting framework, business momentum remained strong throughout the quarter, in net client inflows, credit portfolio, and retail brokerage client base. The Company continued to lead the market in net inflows into provident and pension funds and mutual funds, particularly its actively managed mutual funds, throughout the first half of 2026, a trend that has continued into July.

This consistent inflow dynamic has continued into the second quarter of 2026, supporting AUM growth despite market-driven variability. These results reflect ongoing demand for Meitav’s investment products, continued growth in mandatory pension contributions, and the Company’s strong positioning across both long-term savings (LTS) and short-term savings (STS) activities.

Non-Bank Credit

The Company’s non-bank credit activities continued to expand during the second quarter of 2026, with revenues of NIS 105 million (~$35 million), up 7% year-over-year and 7% sequentially. The credit portfolio grew steadily through the quarter, from NIS 3.67 billion as of March 31, 2026, to NIS 3.75 billion as of April 30, 2026, to NIS 3.76 billion as of May 31, 2026, to NIS 4.02 billion (~$1.35 billion) as of June 30, 2026, reflecting continued expansion in our client base while maintaining a disciplined approach to risk management.

Retail and Institutional Brokerage

Meitav Trade revenues reached NIS 75 million (~$25 million) in Q2 2026, up 17% year-over-year. Client activity remained steady throughout the second quarter, with the retail brokerage client base growing from approximately 123,500 as of March 31, 2026, to approximately 125,500 as of April 30, 2026, to approximately 128,000 as of May 31, 2026, to approximately 130,000 as of June 30, 2026, reflecting continued robust client acquisition.

Alternative Investments

The Company continued to expand its alternative investment offerings during the second quarter of 2026 including our Meitav Access platform. Total AUM in alternative investments amounted to approximately NIS 1.6 billion as of June 30, 2026, up from approximately NIS 1.5 billion as of March 31, 2026.

Conference Call Dial-in Details

Today, August 17, 2026, at 11:00 a.m. Israel time, Ilan Raviv, CEO and Einat Rom, CFO will hold a conference call in Hebrew to discuss the Company’s financial results. Interested investors are encouraged to use the link below to join the call:

Link to join the Hebrew conference call: https://bit.ly/4w5rcjK

Also today, at 3:30 p.m. Israel time / 8:30 a.m. Eastern time, Ilan Raviv, CEO and Einat Rom, CFO will hold a conference call in English to discuss the Company’s financial results. Interested investors are encouraged to use the link below to join the call:

Link to join the English conference call: https://bit.ly/4pkJgns

A recording of the conference will be available here.

U.S./Canada Toll-Free Dial-in Number: 1-888-349-0106
Israel Toll-Free Dial-in Number: 972 3-374-1008
International Dial-In Number: 1-412-902-0131

The conference calls will be accompanied by a presentation which will be published on the Meitav website at https://www.meitav.co.il/en/investor_relations/, on the Investor Relations page, the Israel Securities Authority reporting website (MAGNA), and the Tel Aviv Stock Exchange website (Maya). Archived recordings of the conference calls will be available on the Meitav website the following business day.

The conference calls do not replace the need to review the Company’s immediate reports and financial statements, including forward-looking information, as defined in the Israeli Securities Law, section 32A of the Securities Law,1968.

It should be clarified that this notice does not constitute an offer and/or invitation to purchase the Company’s securities.

About Meitav Investment House

Meitav Investment House (TASE: MTAV) is Israel’s largest investment house, managing financial assets of approximately NIS 464.5 billion for over 1.6 million clients as of June 2026. Established in 1979, the firm specializes in provident and pension funds, mutual funds, and tailored portfolio management, offering advanced, technology-driven financial solutions. In addition, Meitav has a large retail brokerage platform, institutional brokerage activity, credit activities and alternative asset management.

For more information, please visit: https://www.meitav.co.il/en 

Company Contact

Einat Rom, CFO
einat.rom@meitav.co.il 

Investor Relations Contact

Miri Segal
MS-IR LLC
msegal@ms-ir.com

Forward-Looking Statements

Certain matters discussed in this press release, including projections, guidance and other statements regarding future events or the Company’s future financial performance, constitute forward-looking statements as defined under applicable securities laws. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, including market conditions, regulatory developments and other factors that may cause actual results to differ materially from those expressed or implied in these statements. Meitav undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

All financial information is presented in New Israeli Shekels (NIS). U.S. dollar amounts are presented solely for convenience at an exchange rate of 1 USD = 2.978 NIS as of June 30, 2026 and do not represent actual amounts received or paid. 

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SOURCE Meitav Investment House

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