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ASTRI’s New Presence in Shenzhen Drives “New Quality Productive Forces” Pioneering Hong Kong’s R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

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HONG KONG, Oct. 9, 2024 /PRNewswire/ — The Hong Kong Applied Science and Technology Research Institute (ASTRI) has expanded its operation to Shenzhen, in alignment with the National 14th Five-Year Plan and the “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area”. This move aims to enhance collaborative innovation among industry, academia, and research institutes in the region.

ASTRI Technology Research (Shenzhen) Co., Ltd. [ASTRI (Shenzhen)], a wholly-owned subsidiary of ASTRI, relocated to the “Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone” (Hetao Cooperation Zone) earlier this year and was officially inaugurated today. This expansion marks a significant step in accelerating innovation and technology (I&T) cooperation within the Greater Bay Area (GBA).

The opening ceremony was officiated by Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government, Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, and Ir Sunny Lee, Chairman of ASTRI. Other guests include government officials and industry leaders from Hong Kong and Shenzhen, witnessing ASTRI’s making new strides in Shenzhen, GBA and beyond.

Creating a World-Class Technology Industry Cluster

Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: “The Hetao Cooperation Zone is crucial for integrating I&T development between Hong Kong and the Mainland. Our goal is to establish a world-class I&T ecosystem that fosters talent and knowledge exchange. ASTRI’s presence in Hetao will enhance cooperation between Hong Kong and Shenzhen’s innovation sectors, contributing to the national development of ‘new quality productive forces’.”

Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, stated: “We will continue to provide robust support and quality services for all research and technology institutes in the Hetao Cooperation Zone, particularly those with presences in both Shenzhen and Hong Kong for promoting cross-border collaboration, such as ASTRI and ASTRI (Shenzhen). These supportive measures aim to facilitate the flow of talents, goods, capital, technology and information, which are crucial for the I&T development.”

Enhancing Competitiveness Through Technology

Ir Sunny Lee, Chairman of ASTRI, highlighted the support from the Hetao Cooperation Zone provides for ASTRI (Shenzhen) in terms of space, policy, and funding.  “ASTRI (Shenzhen) will integrate research capabilities from both regions to strengthen collaboration with GBA corporations. We aim to undertake more cross-border R&D projects to promote technological transformation and industrialisation in the region.”

He added, “By leveraging the strengths of both Hong Kong and Shenzhen, we aim to advance the development of an international I&T centre in the GBA, enhancing its global influence and achieving collaborative innovation and high-quality development.”

At the opening ceremony, ASTRI (Shenzhen) hosted agreement signing ceremony with three Mainland enterprises: HKP Talential (Shenzhen) New Energy Co Ltd, Shenzhen Power Maker Technology Co Ltd, and the National Energy Internet Innovation Centre Co Ltd.

Ir Sunny Lee commented, “These collaborations exemplify how corporations can leverage Hong Kong’s innovation and technology to enhance operational efficiency and overall competitiveness. We expect these partnerships to attract more business to engage with our R&D capabilities.”

Focusing on Semiconductor and Smart Mobility Technologies

ASTRI (Shenzhen)’s new facilities are strategically located in the Hong Kong Science Park (Shenzhen Branch). The setup of over 1,300 sqm includes approximately 1,100 sqm of space, housing an office and an exhibition hall, with an additional 300 sqm of laboratory within the Hetao Cooperation Zone.

The facility’s location benefits from the “No.1 Channel of Futian Bonded Area”, a dedicated immigration passage connecting Lok Ma Chau with the Shenzhen Futian Free Trade Zone. This strategic positioning allows for a commute time of just 35 minutes between ASTRI’s Hong Kong headquarter and ASTRI (Shenzhen), facilitating seamless collaboration between researchers and supporting ASTRI’s expansion in the Mainland.

In July 2023, ASTRI’s “International Application Fundamental Research Institute Project” was officially launched in the Hetao Cooperation Zone. ASTRI (Shenzhen) has initiated several R&D and testing projects, primarily focusing on third-generation semiconductors and next-generation communication technologies. Key developments include GaN high-end power technology development and testing platform, SiC smart power system development and testing platform, and smart campus simulation and testing platform. These platforms aim to facilitate technology transfer, commercialisation and promote technology exchanges while cultivating top-tier talent. Furthermore, in June 2024, ASTRI (Shenzhen) supported the first cross-border C-V2X test at Hetao, successfully completing autonomous driving tests and data collection under various extreme road conditions.

Ir Sunny Lee concluded, “Looking ahead, ASTRI (Shenzhen) will serve as a ‘super connector’, promoting collaboration among government, industry, academia and research institutes. We aim to facilitate the transformation and industrialisation of collaborative innovation outcomes between Hong Kong and Shenzhen in the Hetao Cooperation Zone and the GBA, contributing to the nation’s development of ‘new quality productive forces’.”

Photo Download: https://bit.ly/3XG8DDW 

 

(From left to right) The opening ceremony of ASTRI (Shenzhen) was officiated by Ms Grace Lai, Director of Shenzhen Liaison Unit, HKSAR Government; Dr Jimmy Chiang, Deputy Director-General, Office for Attracting Strategic Enterprises, HKSAR  Government; Dr Sunny Chai, Chairman of the Hong Kong Science and Technology Parks Corporation; Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen; Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government; Ir Sunny Lee, Chairman of ASTRI; Mr He Xinhong, Deputy Director of the Shenzhen Hong Kong and Macao Affairs Office; and Mr Lau Wai Ming, Assistant Commissioner for Innovation and Technology, HKSAR Government

 

 

ASTRI (Shenzhen) hosted agreement signing ceremony with three mainland enterprises. From left to right: Mr Zhou Xiaoming, Chairman of Shenzhen Power Maker Technology Co Ltd; Mr Chiu Hing Yuen, CEO of HKP Talential (Shenzhen) New Energy Co Ltd; Dr Daniel Shi, Chairman of ASTRI (Shenzhen), and Dr Zhao Zhigang, Dean of National Energy Internet Innovation Centre Co Ltd

 

 

(From left to right) Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government; Ir Sunny Lee, Chairman of ASTRI; and Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, joined a ribbon-cutting ceremony for the opening of ASTRI (Shenzhen)

About ASTRI

Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions: Advanced Electronic Components and Systems; Artificial Intelligence and Trust Technologies; Communications Technologies; Innovative Mind, and IoT Sensing and AI Technologies. It is applied across six core areas which are Smart City, Financial Technologies, New-Industrialisation and Intelligent Manufacturing, Digital Health, Application Specific Integrated Circuits and Metaverse.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. ASTRI has transferred 1,500 technologies to the industry and has been granted over 1,100 patents in the Mainland, the United States, and other countries. For further information, please visit www.astri.org

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SOURCE Hong Kong Applied Science and Technology Research Institute (ASTRI)

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Department of Health – Abu Dhabi and Fred Hutchinson Cancer Center collaborate on cancer research and personalized prevention

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ABU DHABI, UAE, May 13, 2026 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), regulator of the healthcare sector in the emirate, together with the Abu Dhabi Public Health Center (ADPHC), today announced the execution of a Memorandum of Understanding (“MOU”) with Fred Hutchinson Cancer Center (Fred Hutch), one of the world’s leading cancer research institutions and home to three Nobel laureates.

By pairing Abu Dhabi’s unified clinical and genomic data infrastructure, sovereign AI capabilities and governed data environments with Fred Hutch’s globally renowned research engine, the ensuing collaborations will pave the way to shortening the distance between scientific discovery and patient benefit, for Abu Dhabi’s community and beyond.

Among the projected collaborations, the two organizations will consider leveraging Abu Dhabi’s intelligent health system, and layering Fred Hutch’s world-class science onto the secure, high-quality, real-world data foundation Abu Dhabi has built. That foundation includes the emirate’s pioneering liquid biopsy programme launched last year, one of the first national-scale efforts of its kind anywhere in the world. Alongside Abu Dhabi’s AI multi-cancer early detection work, and the world’s largest clinically integrated population-scale genomics programme – with nearly one million genomes sequence.

During his visit to the center, HE Mansoor Ibrahim Al Mansoori, Chairman of DoH commented: “Cancer is one of the defining health challenges of our time, and progress depends on combining world-class science with population-scale data, advanced AI, and research. In Abu Dhabi, we have built an AI-enabled health system that ‘cares before it cures, delivering prevention at population scale. We are already achieving some of the highest early cancer detection rates in the world, and through our partnership with Fred Hutchinson Cancer Center we are committed to bringing breakthroughs to people in Abu Dhabi and beyond.”

“This MOU between Fred Hutch Cancer Center and the Abu Dhabi Department of Health underscores the power of working together to prevent and treat cancer,” said Thomas Lynch Jr., MD, president and director of Fred Hutch and holder of the Raisbeck Endowed Chair. “Our organizations share a deep commitment to research and to provide the highest levels of cancer prevention, diagnosis and care to our communities, and we are excited to bring our expertise, tools and datasets together to identify unique approaches to cancer care and research in pursuit of our boldest goals.”

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SOURCE The Department of Health – Abu Dhabi

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L’Mychele & Associates Founder LaKessia Hill Completes North Texas FWC Hospitality Program (FIFA World Cup) and Appears on The Jeff Crilley Show

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DALLAS, May 13, 2026 /PRNewswire/ — L’Mychele & Associates LLC is proud to announce two significant milestones for the growing strategic meetings and events firm: Founder & CEO LaKessia Hill has successfully completed the North Texas FWC Organizing Committee’s Hospitality Program and was recently featured on The Jeff Crilley Show.

These accomplishments reflect the company’s continued momentum within the hospitality, tourism, and events industries as L’Mychele & Associates expands its presence through strategic partnerships, leadership engagement, and elevated client experiences.

The completion of the North Texas FWC Hospitality Program further strengthens the company’s commitment to delivering intentional, guest-centered experiences rooted in strategy, hospitality, and meaningful connection — values that are central to the L’Mychele & Associates brand.

In addition, Hill recently joined veteran journalist and media personality Jeff Crilley on The Jeff Crilley Show to discuss her entrepreneurial journey, the vision behind L’Mychele & Associates, and the company’s approach to creating experiences as bold as its clients’ goals.

“Both opportunities represent growth, visibility, and the continued evolution of our brand,” said Hill. “Hospitality is more than service — it’s about creating intentional moments that leave lasting impressions. Being recognized through the hospitality program and having the opportunity to share our story on The Jeff Crilley Show were both incredibly meaningful experiences.”

Known for its consultative and strategy-first approach, L’Mychele & Associates specializes in executive summits, conferences, nonprofit galas, incentive experiences, corporate meetings, and curated social gatherings. The firm partners with organizations, brands, and leaders to transform ideas into impactful experiences through strategic planning, management, and execution.

Guided by the company’s signature philosophy — “The Art of Listening. The Science of Execution.” — L’Mychele & Associates continues to position itself as a strategic partner within the meetings, events, and hospitality industries.

The episode of The Jeff Crilley Show featuring LaKessia Hill is now available across multiple platforms, including YouTube, Facebook, LinkedIn, and Transistor.

About L’Mychele & Associates LLC

L’Mychele & Associates LLC is a Dallas-based strategic meetings and events firm specializing in executive summits, corporate meetings, conferences, nonprofit events, incentive experiences, and curated social gatherings. The company is known for blending strategy, hospitality, and execution to create experiences that drive connection and lasting impact.

Media Contact

LaKessia Hill
Founder & CEO, L’Mychele & Associates LLC
469-402-7825

LaKessia@LMychele.com
www.LMychele.com  

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SOURCE L’Mychele & Associates LLC

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HBX GROUP ANNOUNCES HALF YEAR 2026 FINANCIAL RESULTS

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LONDON, May 13, 2026 /PRNewswire/ — HBX Group International plc (HBX Group, the Company, the Group, HBX.SM) announces its Half Year 2026 results for the six months ended 31 March 2026.  

TTV up +17% to €3.8bn, and Revenue of €309m, up +1% YoY at constant currency, reflecting targeted commercial and strategic actions to prioritise growth and capture market share, partly offset by disruption from the Middle East conflictAdjusted EBITDA up +9% at constant currency to €163m, with margin of 53% expanding +4ppts in constant currency. Profit after tax was €28m (H1 25: €(227)m).Strong cash generation with 103% cash conversion and leverage at 1.7x Adjusted Net Debt / Adjusted EBITDA. S €100m share buyback programme and a 7.5 cents per share (c.€18m) interim dividend.Executing the strategic building blocks, including the acquisition of Bridgify announced today.FY26E guidance revised to reflect the impact of Middle East conflict and macroeconomic uncertainty. New FY26 guidance is for constant currency TTV growth +11% to +15%, Revenue growth -4% to +1% and Adjusted EBITDA growth -5% to -2%, and Operating Free Cash Flow conversion between 90% and 100%. Medium-term guidance is unchanged.

First half 2026 Financial Performance Summary1

6 months
ended 31
March 2026

6 months
ended 31
March 2025

Change
constant
currency2

Change 

Total Transaction Value (TTV) (€m)

3,770

3,370

+17 %

+12 %

Revenue (€m)

309

319

+1 %

-3 %

Adjusted EBITDA (€m)

163

159

+9 %

+3 %

Delivering profitable growth

Group TTV increased to €3.8bn in the first half, up +17% at constant currency. TTV contribution increased from shorter lead-time bookings, Third Party Supply and Online Travel Agents.

Revenue of €309m, increased +1% in constant currency. Take rate was 8.2%, down 1.3ppts year‑on‑year.

Adjusted EBITDA increased 9%, with margin +4ppts.

Net finance costs were €35m, 77% lower than the prior year. The tax charge was €16m. Adjusted Earnings were €83m, up +44% at constant currency.

Delivering commercial milestones in line with strategy

Commercial progress in H1 2026 reflected HBX Group’s strategy to expand its global travel ecosystem and drive profitability through AI-driven operational efficiency and commercial performance. Key developments included new distribution partnerships in Asia-Pacific, acquisitions such as Bridgify and PerfectStay to strengthen experiences and dynamic capabilities, and new platform and fintech initiatives.

HBX group also continued embedding AI across products and operations, including AI-powered solutions for Bedsonline and HotelTech, while scaling internal AI agents already delivering measurable savings and supporting more than 120 identified use cases, reinforcing the Group’s connected B2B travel ecosystem strategy.

Regional performance and trading dynamics

TTV grew in double-digits in all three regions, up +18% in the Americas and +16% in both MEAPAC and Europe, at constant currency.

In Europe, TTV growth was supported by strong intra‑regional and domestic travel. Asia Pacific up +18%, partly offset by slower growth in the Middle East and disruption on some Europe-Asia corridors. In the Americas, TTV was predominantly driven by domestic demand.

Middle East impact and near‑term outlook

Since late February, the escalation of the conflict in the Middle East has impacted travel demand across affected destinations and selected international corridors, resulting in increased volatility, shorter booking windows and reduced near‑term visibility. The impact of this on H1 Group TTV growth was approximately 1ppt.

HBX Group implemented dynamic pricing, inventory reallocation and active partner support. Demand outside affected corridors has been more resilient.

Cost discipline, cash generation and capital allocation

Underlying operating costs fell by 5%. Performance was supported by productivity initiatives, automation and AI.

On a last 12-month basis, Operating Free Cash Flow was €447m, with cash conversion of 103% over the last 12 months. Adjusted Net Debt at 31 March 2026 stood at €741m.

Outlook

The Group started FY26 with strong performance. Since late February, trading conditions have been adversely impacted by the escalation of the conflict in the Middle East and broader geopolitical uncertainty.

The Group has revised its FY26 guidance. Updated outlook reflects a -4ppt effect of the Middle East conflict on TTV growth. Assumes four months of disruption with gradual stabilisation.

For the complete press release and disclaimer applicable to this information, please visit www.investors.hbxgroup.com

1 See financial statements for definitions of specific financial terms and KPIs, including any Alternative Performance Measures (APMs)
2 Constant currency changes exclude the impact of foreign exchange rate fluctuations by translating current year results at the exchange rates used in the prior year.

Contact: 
Clara Truyols
clatruyols@hbxgroup.com 

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SOURCE HBX Group

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