The Fujian Provincial Department of Commerce and eight other departments recently issued the "Implementation Details for Car Trade-in in Fujian Province 2026", which stipulated the subsidy standards for car replacement and renewal. It stated that for the purchase of eligible passenger new energy vehicles (NEVs), a subsidy of 8% of the new car's sales price will be offered, with a maximum subsidy amount of RMB15,000. For the purchase of eligible passenger internal combustion engines vehicles (ICEVs), a subsidy of 6% of the new car's sales price will be provided, with a maximum subsidy amount of RMB13,000.

Simultaneously, the Henan Provincial Department of Commerce and seven other departments released the "Implementation Details for Car Trade-in Subsidy in Henan Province 2026", clarifying the subsidy policies for both car scrapping and replacement. For scrapping eligible old cars and purchasing eligible passenger NEVs, a subsidy of 12% of the new car's sales price will be provided, with a maximum subsidy amount of RMB20,000. For scrapping eligible passenger ICEVs and purchasing eligible passenger ICEVs, a subsidy of 10% of the new car's sales price will be provided, with a maximum subsidy amount of RMB15,000. For purchasing passenger NEVs, a subsidy of 8% of the new car's sales price will be provided, with a maximum subsidy amount of RMB15,000; for purchasing passenger ICEVs, a subsidy of 6% of the new car's sales price will be granted, with a maximum subsidy amount of RMB13,000.
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CLSA published a report covering NVIDIA (NVDA.US), the stock price of which has elevated approximately 7-8% over the past six months, lagging behind other foundational AI peers such as TSMC (up 73%) and memory-related stocks (up 180-300%).

CLSA believed NVIDIA offers attractive value, and the capex announced by hyperscale data centers confirm that AI infrastructure development is still accelerating. The broker spotted the upcoming earnings release as an opportunity to reinvigorate the narrative.

The broker expected revenue for 4QFY26 to be USD67.2 billion, representing a 71% YoY growth, exceeding the guidance upper limit of USD66.3 billion. This would indicate an acceleration in revenue growth. Although the current forecast for 1QFY27 is USD72.7 billion, representing a 65% YoY rise, any guidance equal to or above USD75 billion would reinforce the message of accelerating revenue growth. The broker assigned NVIDIA a High Conviction Outperform rating with a target price of USD300.
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HSBC Global Investment Research released a report on NVIDIA (NVDA.US), which is set to disclose its 4QFY26 results on Wednesday (25th). The broker forecast quarterly revenue to reach USD68 billion, topping management guidance and market expectations by 5% and 3%, respectively.

With the continued production increase of GB300 in FY27, the broker anticipated 1QFY27 revenue to reach USD74 billion, surpassing market expectations of USD71.8 billion by 3%. Despite uncertainties in Chinese exports, the broker has not accounted any Chinese revenue in its forecasts, thus expecting revenue to still beat expectations.

HSBC Global Investment Research largely maintained its EPS forecasts for NVIDIA for FY26-28 and trimmed the TP from USD320 to USD310, maintaining a Buy rating. It believed the company's server CPU transactions could prove to be future upside catalyst but remains too early to quantify.
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The Apple (AAPL.US) iPhone 18 series has entered mass production testing, while the iPhone 18 Pro production line has also started operation, foreign media reported, citing a Chinese Weibo account known as "Fixed Focus Digital".

Sources told the leaker account that only minimal material changes have been made to the iPhone 18 series, and the overall design specifications remain largely unchanged.

MacRumors, a media outlet reporting Apple-related news, analyzed that this progress aligns with Apple's typical transition from design verification testing to early production verification testing in February for iPhones.
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US bourse rebounded on Tuesday after a collapse on Monday in wake of tariff hits, propelled by the surge in AMD (AMD.US) and software stocks. The DJIA shot up 370 points or 0.8%, closing at 49,174; the S&P 500 mounted 52 points or 0.8% to 6,890; and the Nasdaq leaped 236 points or 1% to 22,863.

Home Depot (HD.US) exceeded expectations of its results performance for the first time this year, with its stock price up nearly 2%. IBM (IBM.US) slightly picked up by nearly 3% on Tuesday after a 13% slip on Monday given concerns over AI impacts.

Meta (META.US) reached an AI chip deal with AMD and invested in AMD through performance-linked warrants, allowing for the subscription of up to 160 million shares. AMD closed up nearly 9%. Meta uses millions of NVIDIA (NVDA.US) chips in its data center construction. NVIDIA added 0.7% ahead of its earnings release on Wednesday.
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同時榮膺2025年度香港管理專業協會最佳年報大獎及
IR Impact大中華區大獎2025

香港2026年2月24日 /美通社/ -- KLN Logistics Group Limited（「KLN」；股份代號0636.HK）連續第二年於2024/2025年度環境、社會及企業管治成就大獎（「ESG獎項」）榮獲環境、社會、企業管治領袖銀獎及傑出持續派息獎兩大獎項。此標誌著KLN連續第四年因其對可持續發展的長期承諾的認可。此外，KLN亦於2025年度香港管理專業協會最佳年報大獎（「HKMA獎項」）中獲頒環境、社會及企業管治報告卓越證書，並於IR Impact大中華區獎項2025榮膺工業及材料行業最佳企業大獎（「IR Impact獎項」）。

ESG獎項及HKMA獎項表彰KLN於物流行業中展現的穩健管治架構、透明資訊披露、高效風險管理及對可持續發展的承諾，更肯定KLN卓越的環境、社會及企業管治報告表現，彰顯其透明度、問責性及公司於可持續物流方面所表現出卓越的領導力；而IR Impact獎項則特別表揚KLN於工業及材料行業傑出的投資者關係實踐，對其完善的投資者關係策略和執行予以肯定。

KLN執⾏董事及可持續發展委員會主席鄭志偉表示：「我們深感榮幸獲得這些殊榮。這印證我們對可持續業務增長及創造持份者價值的承諾。去年，我們進一步完善氣候風險評估框架、擴大排放分析，並進一步拓展我們的社會及社區參與計劃。展望未來，我們將繼續秉持透明度、問責性及營運韌性，積極提升環境、社會及企業管治策略及執行，為更綠色、低碳的未來作出貢獻。」

ESG獎項是由環境社會企業管治及基準學會舉辦的年度盛事，旨在表彰實踐卓越環境、社會及企業管治的企業。HKMA獎項是由香港管理專業協會主辦，旨在推動企業出版及時、準確、內容詳實和精心編排的年報，並表彰在編製年報方面有傑出表現的機構；而IR Impact獎項是由IR Impact舉辦，以彰顯大中華地區在投資者交流、維持透明度及創造價值方面表現卓越的企業。

關於KLN Logistics Group Limited（股份代號0636.HK）
KLN是以亞洲為基地，擁有高度多元化業務及強大亞洲網絡覆蓋的國際第三方物流服務供應商，業務涵蓋一系列供應鏈解決方案，包括綜合物流、國際貨運（海陸空、鐵路及多式聯運）及電子商貿，以及工業項目物流和基建投資等。

KLN的辦事處遍佈全球59個國家及地區，於全球一半新興市場設立據點，其多元基建設施、廣泛國際樞紐覆蓋和本地專業知識遍及中國內地、印度、東南亞、獨聯體、中東、拉美及其他地區。

KLN於2024 年全年收入*近600億港元，於香港聯合交易所上市，並是恒生可持續發展企業基準指數成份股。

* 僅就持續經營業務而言

關於環境社會企業管治及基準學會
環境社會企業管治及基準學會是⼀家非牟利機構，其⽬標是提升來⾃各⾏業持份者對環境、社會、企業管治的關注及認識。透過舉辦環境、社會、企業管治相關的訓練及活動，IESGB 希望領導並加強全港以至亞洲對於環境、社會、企業管治的標準和發展。

關於香港管理專業協會
香港管理專業協會是成立於1960年的專業組織，致力促進香港及周邊地區的卓越管理發展。其提供的服務主要分為三大範疇，分別是教育培訓、管理服務及會員服務。

關於IR Impact
IR Impact是全球投資者關係領域的領導者，為投資者關係專業人士提供洞察、數據與人脈資源，協助其應對不斷演變的資本市場需求。

Earns Recognition at 2025 HKMA Best Annual Reports Awards and
IR Impact Awards – Greater China 2025

HONG KONG, Feb. 24, 2026 /PRNewswire/ -- KLN Logistics Group Limited ('KLN'; Stock Code 0636.HK) has won the ESG Benchmark Award - Silver Award and the Outstanding Sustainable Dividend Award at the ESG Achievement Awards (the 'ESG Awards') 2024/2025 for the second year in a row. This marks the fourth consecutive year that KLN has been recognised at the ESG Awards for its long-term commitment to sustainability. In addition, KLN also welcomed two other accolades, namely the Certificate of Excellence in Environmental, Social and Governance Reporting at 2025 Hong Kong Management Association ('HKMA'), Best Annual Reports Awards (the 'HKMA Awards') and the Best in Industrials & Materials Sector at the IR Impact Awards – Greater China (the 'IR Impact Awards') 2025.

The ESG Awards and the HKMA Awards commend KLN's robust governance, transparent disclosures, effective risk management and commitment to sustainable practices in logistics, praising KLN's exceptional ESG reporting, dedication to transparency, accountability, and leadership in sustainable logistics. Meanwhile, the IR Impact Awards highlight KLN's outstanding investor relations practices in the Industrials & Materials sector, acknowledging its well-orchestrated investor relations strategy and execution.

Ellis Cheng, Executive Director and Chairman of the Sustainability Committee of KLN, said, "We are deeply honoured by these recognitions, which validate our commitment to sustainable business growth and stakeholder value. Last year, we further advanced our climate risk assessment framework, deepened our emissions analysis and expanded our social and community engagement initiatives. Looking ahead, we will continue to uphold transparency, accountability and resilience in our operations, and proactively seek improvement in our ESG strategies and execution, contributing to a greener, low-carbon future."

The ESG Awards, organised annually by the Institute of ESG & Benchmark, recognise organisations with outstanding ESG practices. The HKMA Awards, hosted by The Hong Kong Management Association, promote the publication of timely, accurate, informative and well-presented annual reports, honouring exemplary achievement in reporting. The IR Impact Awards, organised by IR Impact, highlight companies that excel in investor engagement, transparency and value creation across Greater China.

About KLN Logistics Group Limited (Stock Code 0636.HK)
KLN is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment.

With a global presence across 59 countries and territories, KLN has established a solid foothold in half of the world's emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Chinese Mainland, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

KLN generated a revenue* of close to HK$60 billion in 2024. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

* For continuing operations only

About The Institute of ESG & Benchmark
The Institute of ESG & Benchmark is a non-profit organisation. Its endeavour is to elevate stakeholder's awareness and knowledge towards Environmental, Social and Governance in all industry sectors. By organising ESG relevant trainings and events, IESGB hopes to lead and strengthen the ESG standards and development across Hong Kong and Asia.

About the Hong Kong Management Association
The Hong Kong Management Association is a leading professional organisation which was established in 1960 for the purpose of advancing management excellence in Hong Kong and the region. Services provided by HKMA can be categorised into three major areas, namely education and training, management services and membership services. 

About IR Impact
IR Impact is the global leader in investor relations intelligence, providing IR professionals with the insights, data and connections they need to navigate the evolving capital markets.

SHANGHAI, Feb. 24, 2026 /PRNewswire/ -- From February 14 to 17, Assembly Character Toys brand Blokees appeared at Toy Fair New York 2026, presenting a showcase of product portfolio to global consumers.

Ye Shanshan (Sam), Vice President of Brand Marketing at Blokees, attended the opening ceremony and extended a warm welcome to all influencers and guests in attendance. With years of extensive experience in marketing, Ye Shanshan (Sam) has been a key driver behind Blokees' global brand development initiatives.

At the exhibition, Blokees unveiled its two major categories — Blokees Model Kits and Blokees Wheels — featuring more than 270 products across over 10 core product lines, including HERO5, HERO10, Champion, Legend, TERRAVENTURE, and DaaLaMode. The display covered nearly 20 globally renowned IPs, such as Transformers, EVANGELION, Mega Man, Saint Seiya, Hatsune Miku, and Jurassic World, fully demonstrating the brand's diverse product matrix.

The Blokees booth quickly became a highlight of the show, drawing strong attention with its diverse product. Popular Blokees Wheels series, including products from Transformers and Ultraman, were showcased together, attracting large crowds of players.

In the Model Kits  category, Blokees spotlighted the HERO5 and HERO10 series, featuring classic IPs such as Transformers, Saint Seiya, and Naruto. Notably, three characters from Blokees Saint Seiya Galaxy Version Series 04: Gold Zodiac ② — Andromeda Shun, Pegasus Seiya, and Phoenix Ikki — made their first public appearance.

Blokees highlighted its Champion series and Legend series, covering IPs including Mega Man, Saint Seiya, EVANGELION, and Naruto. Targeting female consumers the DaaLaMode series presented popular IPs such as Hatsune Miku and The Powerpuff Girls. Meanwhile, the TERRAVENTURE series showcased nature and creature themed model kits featuring Jurassic World, reflecting Blokees' ability to meet the needs of consumers across all age groups.

Blokees once again presented outstanding BFC works in Toy Fair New York. Fifteen selected creations were exhibited, including a U.S.-based BFC work that reimagined Transformers: Dark of the Moon Megatron through weathered painting, a custom cloak, and chains, captivating audiences on site.

Since 2024, Blokees has continued to appear at major toy fairs worldwide, demonstrating its product innovation capabilities and growing global influence. Looking ahead, Blokees will continue to leverage its R&D strength and innovative product system to deliver more product offerings and an elevated experience to consumers worldwide.

Moonshot AI, a large model unicorn, has reached a valuation of over USD10 billion, marking the fastest pace for a Chinese company to become a decacorn (a company valued at over USD10 billion) from its inception, according to Chinese media reports.

Data shows that Moonshot AI has achieved a valuation of over USD10 billion in just over two years. Benefiting from the leading performance of its new model, Kimi K2.5, its cumulative revenue over the past 20 days has already exceeded the total revenue for the entire year of 2025.

According to last week's foreign media disclosures, Moonshot AI's existing investors, including BABA-W (09988.HK) and TENCENT (00700.HK), have committed over USD700 million to the first round of its latest financing.
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MILAN, Feb. 24, 2026 /PRNewswire/ -- TCL, a leading global technology company and Worldwide Olympic and Paralympic Partner, today congratulated freestyle skier and brand ambassador Eileen Gu on her dedication and perseverance during Milano Cortina 2026, which has led her to break new ground in her sport.   

Reflecting on her experience at the Olympic Winter Games with the support of TCL, Ms. Gu said: "I think looking back on it, I'm proud that I made the decisions that I did. It was a big bet on myself. Even if it hadn't gone my way, I would have nothing to regret because I have done quite literally every single thing that I possibly could to prepare for this event. Even if the results didn't come, I know that I did my very best and, at the moment when it counted most, I showed the world that I wasn't afraid to try. That's embodying the Olympic spirit."

"For me, I think greatness is opening doors for people who follow, making the road a little bit easier so that generations can progress and build upon the shoulders of the ones who came before them. With vulnerability, there's so much more power in that because it empowers other people to feel as though they can undertake the journey too," she added.

Gu secured a gold medal in the Women's Freeski Halfpipe, as well as silver medals in the Women's Freeski Slopestyle and Women's Freeski Big Air. While these achievements make her the most decorated women's freeski athlete of all time, her ability to overcome adversity and push boundaries has more importantly served as an inspiring example for millions of fans worldwide, echoing TCL's own mission to inspire greatness through innovation.

"At Milano Cortina 2026, Eileen Gu has embodied the spirit of what it means to 'Inspire Greatness,' showing a determination to go beyond limits and reimagine what is possible," said Wei Xue, Vice President and ESG Director of TCL Technology, and Chairman of the TCL Charity Foundation. "Her trailblazing spirit and dedication to excellence are a reminder of the greatness that everyone can achieve in their everyday lives."

Gu's journey at the Olympic Winter Games highlights the power of passion and courage. Supported as part of Team TCL, TCL remains dedicated to elevating athletes who challenge the status quo and to bringing fans closer to these moments of achievement through its 'screen universe,' display technology, smart home appliances, TCL RayNeo AR glasses and other innovations.

About TCL

Founded in 1981, TCL—short for "The Creative Life"—embodies creativity in every aspect of life. As a leading technology company, TCL is dedicated to delivering innovative solutions—including TVs, audio products, smart home devices, display technologies, and clean energy—that enhance customer experiences through TCL Industries and TCL Technology.

As of now, with 47 R&D centers and 39 manufacturing bases globally, TCL operates in over 160 countries and regions, cementing its position as a globally competitive smart technology brand. To further inspire greatness, TCL has become an official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category.