Propanc Biopharma’s CEO Attends Keynote Address, “Rejuvenation and Health: Science for an Ageing Society,” at the University of Granada, Spain

Dr. Juan Carlos Izpisúa Provides the UGR With the Keys to Science Against Ageing

MELBOURNE, Australia, June 02, 2026 (GLOBE NEWSWIRE) — Propanc Biopharma, Inc. (Nasdaq: PPCB) (“Propanc” or the “Company”), a biopharmaceutical company focused on developing novel treatments for chronic diseases, including recurrent and metastatic cancer, today announced that Mr. James Nathanielsz, Propanc’s Chief Executive Officer, attended a keynote address, “Rejuvenation and Health: Science for an Ageing Society,” the title of a new edition of ‘Dialogues with Society’, an event organized by the Social Council of the University of Granada (UGR), held at the historical Hospital Real, Granada, Spain, first inaugurated in 1526. Dr. Juan Carlos Izpisúa provided the UGR with the keys to science against ageing. Dr. Izpisúa is one of the world’s foremost influential scientists in the field of developmental biology and regenerative medicine.

The prestigious international researcher Dr. Izpisúa helped to understand the cellular and molecular mechanisms responsible for embryonic development, from the moment of fertilization to the formation of an adult organism composed of millions of cells. These discoveries are having a significant impact on the development of novel treatments for diseases and have contributed to the creation of new frontiers for biomedical science, in fields such as organ and tissue regeneration and the fight against human ageing. The Rector of the UGR, Pedro Mercado, and the President of the Social Council, Teresa Pagés, participated in this meeting. Juan Antonio Marchal Corrales, Professor of Human Anatomy and Embryology at the University of Granada, presented the conference.

“It was an honor to attend the keynote address of Dr. Izpisúa whose scientific interests and vision for the future of humanity are world renowned,” said Mr. Nathanielsz. “Propanc’s research into the use of proenzymes to differentiate specific target cells at the core of many age-related diseases is right in the center of this pioneering field of research. Our collaboration with the Universities of Granada and Jaén will continue to investigate this field of research, specifically cell rejuvenation of tissues relating to diseases such as fibrosis and diabetes, as well as cancer from solid tumors. Given our lead asset, PRP, is on schedule to enter a Phase 1b, First-In-Human study in advanced cancer patients, we are poised to transform this key research into potentially meaningful clinical benefits that could unlock the mystery of many different chronic diseases.”

Dr. Izpisúa belongs to Altos Labs, San Diego Institute of Science (USA), and holds an honorary doctorate from the UGR. The scientist held a meeting prior to the event with the Rector of the University of Granada, Pedro Mercado, in which the vice-rector for the Ceuta and Melilla Campuses, Strategic Planning and Communication, Salvador del Barrio, and the President of the Social Council, Teresa Pagés, among other personalities, also participated. Mr. Nathanielsz was an honorary guest of Professor Marchal Corrales and Macarena Perán, Professor of Human Anatomy and Embryology, at the University of Jaén, and Propanc’s lead coresearchers.

Left to Right: Professor Marchal Corrales, Dr. Juan Carlos Izpisúa, Professor Macarena Perán & Mr. James Nathanielsz

Dr. Juan Carlos Izpisúa (center), UGR Dignitaries & Mr. James Nathanielsz

For the original article relating to this event, please access the following link:

Juan Carlos Izpisúa provides the UGR with the keys to science against ageing – Canal UGR

About Propanc Biopharma, Inc.

Propanc Biopharma, Inc. (Nasdaq: PPCB) is developing a novel approach to preventing cancer recurrence and metastasis by targeting and eradicating cancer stem cells through proenzyme activation. The Company’s lead product candidate, PRP, is designed to address the underlying drivers of cancer proliferation and spread.

More information:
www.propanc.com

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Company’s expectations regarding its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors, made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Forward-looking statements are not guarantees of future actions or performance. Actual results may differ materially from those in the forward-looking statements because of several factors, including, without limitation, risks and uncertainties related to market conditions, as well as those risks described under “Risk Factors” in the prospectus related to the proposed offering and those described in the Company’s filings with the SEC. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

Company:

Propanc Biopharma, Inc.
James Nathanielsz

+61-3-9882-0780


[email protected]

Investor Contact:


[email protected]

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/efc2b36e-68f2-4988-b67b-58ddcd013f55

https://www.globenewswire.com/NewsRoom/AttachmentNg/60f1b3c0-7f71-48ef-855a-8c4c45f37129



WeRide, Uber, and AVOMO Bring Robotaxis to Madrid

WeRide, Uber, and AVOMO Bring Robotaxis to Madrid

  • First joint market entry in Europe, with public operations expected later this year via the Uber app

  • In partnership with the Madrid Regional Government

MADRID–(BUSINESS WIRE)–
WeRide (NASDAQ: WRD, HKEX: 0800), a global leader in autonomous driving technology, and Uber Technologies, Inc. (NYSE: UBER) today announced plans to launch Spain’s first commercial Robotaxi pilot in the Region of Madrid, marking the companies’ first joint entry into the European market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602891867/en/

Illustration of WeRide and Uber’s Robotaxi GXR in Madrid

Illustration of WeRide and Uber’s Robotaxi GXR in Madrid

The service is expected to begin operations later this year, in collaboration with Madrid’s Regional Government (Comunidad de Madrid), with rides available via the Uber app. The parties expect the fleet to scale progressively and will initially include trained vehicle operators, with WeRide, AVOMO and Uber committed to adding hundreds of Robotaxis as key performance milestones are met, including the expansion of fully driverless commercial service across core urban areas.

This milestone builds on WeRide and Uber’s proven track record in the Middle East, where fully driverless Robotaxi commercial services are already in Abu Dhabi and Dubai, with Riyadh expected to follow.

The rollout reflects WeRide’s asset-light operating strategy, enabling Robotaxi commercialization through established partners that contribute fleet investment and platform support. In Madrid the transportation service will be carried out with the support of AVOMO, a Moove Cars Group company, and Uber’s AV fleet operations partner in the United States in both Atlanta and Austin, using WeRide’s autonomous driving technology.

The Region of Madrid represents one of Europe’s most attractive Robotaxi markets, supported by strong mobility demand, a large urban population, and favorable policies. Powered by the WeRide One universal technology platform and WeRide GENESIS general-purpose simulation platform, WeRide expects to efficiently replicate the operational success from its Middle East deployments, enabling a faster rollout of safe and reliable Robotaxi services in Madrid.

This marks the fourth of the 15 cities outlined under WeRide and Uber’s previous agreement, with another 11 cities to come by 2030. Under this partnership, they plan to deploy tens of thousands of Robotaxis on public roads to bring safe and reliable autonomous mobility to riders around the globe.

“Launching driverless Robotaxis in Madrid, one of Europe’s fastest-growing urban environments, demonstrates our ability to operate safely in complex real-world conditions. Spain is our fifth European market entry and further strengthens our position as a trusted Robotaxi operator across the continent. Together with Uber, we’re combining our autonomous driving technology with their mobility platform to accelerate commercialization at scale,” said Dr. Tony Han, Founder and CEO of WeRide.

“Madrid represents an important next step in our partnership with WeRide to bring autonomous mobility to more people around the world. With a clear regulatory path and strong local partners, Madrid is a natural place to become a leading European market for AVs. We’re excited to help shape the future of autonomous mobility in Europe together,” said Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber.

“This launch will mark an important milestone in AVOMO’s international expansion which further strengthens our position as a global autonomous mobility operator. After nearly two years of close collaboration with Uber in the United States, we are entering this next phase with a long-term vision and a strong commitment to building efficient, scalable operations across new markets,” said Manuel Puga, CEO of Moove Cars Group.

About WeRide

WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been deployed in over 40 cities across 12 countries. We are also the first and only technology company whose products have received autonomous driving permits in eight markets: China, the UAE, Singapore, France, Switzerland, Saudi Arabia, Belgium, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune’s 2025 Change the World and 2025 Future 50 lists.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 72 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About AVOMO

AVOMO is the autonomous vehicle operations company of Moove Cars Group, specializing in the operations and maintenance of self-driving fleets to support safe, reliable and scalable AV deployments. AVOMO currently operates autonomous vehicle fleets in Austin and Atlanta, managing around 400 AVs with a team of more than 200 specialists.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to 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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about WeRide’s, Uber’s, or AVOMO’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and are subject to regulatory approvals. Further information regarding these and other risks is included in WeRide and Uber’s filings with the U.S. Securities and Exchange Commission and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release. WeRide, Uber and AVOMO do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Media Contacts

WeRide: [email protected]

Uber: [email protected]

KEYWORDS: Europe Spain United States North America California

INDUSTRY KEYWORDS: Hardware Automotive Manufacturing Manufacturing Technology Robotics Apps/Applications Other Transport Autonomous Driving/Vehicles Fleet Management Transport Automotive Software Public Transport Vehicle Technology Internet

MEDIA:

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Illustration of WeRide and Uber’s Robotaxi GXR in Madrid
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Northern Trust Announces Asset Servicing Leadership Changes

Northern Trust Announces Asset Servicing Leadership Changes

Strategic Appointments Position the Business for Continued Growth and Client Delivery

LONDON–(BUSINESS WIRE)–
Northern Trust (Nasdaq: NTRS) today announced changes within its Asset Servicing business, effective 1 June 2026, aligning leadership across the business and positioning it for long-term growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602949046/en/

Nick Gilbert has been appointed head of Asset Servicing, Europe, Middle East and Africa (EMEA), a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern Trust’s model in North America and Asia-Pacific.

Nick Gilbert has been appointed head of Asset Servicing, Europe, Middle East and Africa (EMEA), a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern Trust’s model in North America and Asia-Pacific.

Nick Gilbert has been appointed head of Asset Servicing, Europe, Middle East and Africa (EMEA), a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern Trust’s model in North America and Asia-Pacific. Gilbert brings more than 20 years of experience across operations, strategy and transformation, and most recently led Global Fund Services (GFS) in the region.

As part of these changes and following the planned retirement of James Wright, head of Asset Owners, EMEA at the end of 2026, Wright’s responsibilities will transition to two senior leaders. Kimberly Evans has been appointed to the newly created role of head of Enterprise Strategic Relationships where she will focus on bringing together Northern Trust’s full capabilities to deliver integrated solutions for sophisticated, high-value prospect, client, and vendor relationships globally. Evans most recently served as Northern Trust’s head of Corporate Sustainability, Inclusion and Social Impact and previously led our Private Capital Fund Services and Governmental & Sovereign Wealth Pension and Treasury Fund businesses in North America.

Ian Hamilton has been appointed head of Asset Owners, EMEA, in an expanded role. Hamilton brings nearly a decade of experience at Northern Trust servicing asset owners and most recently led Asset Owners Europe, where he contributed to growth across pensions, fiduciary managers and sovereign entities. With experience spanning over 25 years, he also brings institutional client experience from previous roles in the industry.

“These appointments build on our strong leadership while enhancing alignment across the organisation,” said Clive Bellows, co-president, Asset Servicing and president for Europe, the Middle East and Africa (EMEA) at Northern Trust. “By bringing together deep expertise, we are strengthening how we serve clients and helping them navigate an increasingly complex market environment.”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2026, Northern Trust had assets under custody/administration of US$18.6 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Media Contacts

Europe, Middle East, Africa & Asia-Pacific:


Camilla Greene

+44 (0) 20 7982 2176

[email protected]

Simon Ansell

+ 44 (0) 20 7982 1016

[email protected]

US & Canada:

John O’Connell

+1 312 444 2388

John_O’[email protected]

http://www.northerntrust.com

KEYWORDS: Europe Ireland United Kingdom

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

MEDIA:

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Nick Gilbert has been appointed head of Asset Servicing, Europe, Middle East and Africa (EMEA), a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern Trust’s model in North America and Asia-Pacific.
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Philips announces exchange ratio for 2025 dividend

June 2, 2026

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), today announced that the exchange ratio for the dividend for the year 2025 is 1 new common share for every 26.9341 existing common shares. This ratio was based on the volume-weighted average price of all traded common shares Koninklijke Philips N.V. at Euronext Amsterdam on May 27, 28 and 29, 2026, of EUR 22.8640 and was calculated in a manner that the gross dividend in shares will be approximately equal to EUR 0.85. As a result, Philips will issue a total number of 19,964,655 new common shares.

Shareholders have been given the opportunity to make their choice between a dividend in shares or in cash. The aggregate cash election result was 43.8%.

Delivery of new common shares, with settlement of fractions in cash, if required, and payment of the cash dividend will take place from June 3, 2026, onwards on the basis of share entitlements on the dividend record date. Upon distribution, the total issued share capital will amount to EUR 196,576,957.40, representing 982,884,787 common shares.

More information is available via this link.

For further information, please contact:



Michael Fuchs

Philips Global External Relations
Tel.: +31 6 1486 9261
E-mail: [email protected]

Dorin Danu
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: [email protected]

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home.

Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2025 sales of approximately EUR 18 billion and employs approximately 64,300 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements and other important information
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.



UP Fintech Holding Limited Reports Unaudited First Quarter 2026 Financial Results

SINGAPORE, June 02, 2026 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the first quarter ended March 31, 2026.

Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “In the first quarter, we continued to expand our user base and client assets, while further optimizing our comprehensive product offerings. Supported by these solid fundamentals, both our topline and operating performance have achieved notable year-over-year growth. Our total revenue for the first quarter reached US$154.9 million, representing a 26.3% increase year over year. Net loss and non-GAAP net loss attributable to UP Fintech for the quarter were $26.9 million and $23.8 million, versus net income of $30.4 million and $36.0 million in the same quarter last year. Recently on May 22, the Beijing Bureau of the China Securities Regulatory Commission (CSRC) issued administrative penalties and ordered the confiscation of illegal gains against certain subsidiaries of the Company, with a total amount of approximately RMB 411 million (equivalent to roughly $59.7 million). The penalties stemmed from certain subsidiaries’ unlicensed cross-border securities business and illegal activities relating to the fund and futures business in mainland China. The Company sincerely accepts the penalty and has recognized it as a subsequent significant event for the first quarter. Considering the Company’s overall profitability and cash flow position, this one-off expense will not have a material adverse impact on our business operations or long-term development.

“In the first quarter, we added 28,900 new funded clients, with great majority of which came from Singapore and Hong Kong markets. Our total funded accounts reached 1,282,800 at quarter end, representing an 11.3% year-over-year increase. We continued to see solid net asset inflows, which amounted to $2.9 billion in the first quarter. It marks the first time in our history that quarterly net asset inflow above $2 billion from consolidated retail accounts, further demonstrating solid progress delivered by our client quality focused strategy. The overall market trended downward in the first quarter, driven by the pullbacks across financials, technology and consumer discretionary sectors. This caused $4.9 billion mark to market losses in client assets, led our total client assets down 3.2% quarter on quarter, though it still achieved a solid 28.4% year over year growth to reach $58.9 billion at quarter end. Nasdaq has since staged a rebound in the second quarter, and all mark to market losses on client assets recorded in the first quarter have been fully recovered on a quarter-to-date basis.

“We continued optimizing products and elevating user experience. This quarter, we upgraded Tiger AI to a Multi-Agent structure, splitting functions like search, analysis, forecasting and risk control into standalone agents for more accurate outputs. In addition, we launched the Futures-focused Agent in the first quarter, which greatly improves accuracy and practicality in future-related inquiries and effectively lifts user satisfaction with Tiger AI’s futures service capabilities. Also, beyond its original dual-model setup, Tiger AI has now integrated with the Claude model, evolving into a triple-model intelligent assistant. Additionally, we further expanded our derivatives trading offerings by officially launching Hong Kong index options trading, alongside the TWAP (Time-Weighted Average Price) order function for options.

“Our corporate business continued to perform well in the first quarter of 2026. We underwrote 10 Hong Kong IPOs, including industry-leading AI players “MiniMax” and “Zhipu AI”. We also completed two major U.S. SPAC IPOs, namely Fortress Value Acquisition Corp. V and KPET Ultra Paceline Corp. Additionally, investor demands for Hong Kong IPO subscriptions remained strong, the total subscription amount on the Tiger platform has exceeded HK$1 trillion year-to-date in 2026. In our ESOP business, we added 42 new clients in the first quarter, bringing our aggregate ESOP client count to 790 as of March 31, 2026.

“To demonstrate our confidence in the Company’s long-term growth prospects and our commitment to delivering shareholder value, our board of directors has approved a share repurchase program of up to US$50 million, to be implemented over a 12-month period from June 1, 2026.”

Financial Highlights for First Quarter 2026 

  • Total revenues were US$154.9 million, an increase of 26.3% year-over-year and a decrease of 11.8% quarter-over-quarter.
  • Total net revenues were US$136.7 million, an increase of 27.1% year-over-year and a decrease of 12.7% quarter-over-quarter.
  • Net loss attributable to ordinary shareholders of UP Fintech was US$26.9 million compared to a net income attributable to ordinary shareholders of UP Fintech of US$30.4 million in the same quarter of last year.
  • Non-GAAP net loss attributable to ordinary shareholders of UP Fintech was US$23.8 million, compared to a non-GAAP net income attributable to ordinary shareholders of UP Fintech of US$36.0 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.

Operating Highlights for First Quarter 2026

  • Total account balance increased 28.4% year-over-year to US$58.9 billion.
  • Total margin financing and securities lending balance increased 19.5% year-over-year to US$6.2 billion.
  • Total number of customers with deposit increased 11.3% year-over-year to 1,282.8 thousand.

Selected Operating Data for First Quarter 2026

  As of and for the three months ended  
  March 31,   December 31,   March 31,  
  2025   2025   2026  
In 000’s            
Number of customer accounts 2,526.7   2,657.5   2,696.1  
Number of customers with deposits 1,152.9   1,253.9   1,282.8  
Number of options and futures contracts traded 20,400.7   26,751.6   23,992.2  
In USD millions            
Trading volume 217,453.6   316,599.0   323,907.4  
Trading volume of stocks 59,453.4   79,637.7   92,160.7  
Total account balance 45,861.9   60,806.7   58,880.0  
             

First Quarter 2026 Financial Results


REVENUES

Total revenues were US$154.9 million, an increase of 26.3% from US$122.6 million in the same quarter of last year.

Commissions were US$67.2 million, an increase of 15.3% from US$58.3 million in the same quarter of last year, due to an increase in trading volume.

Financing service fees were US$2.4 million, a decrease of 4.6% from US$2.6 million in the same quarter of last year, primarily due to a decrease of the account balance of our fully disclosed account customers.

Interest income was US$64.5 million, an increase of 19.8% from US$53.8 million in the same quarter of last year, primarily due to the increase in margin financing and securities lending activities of our consolidated account customers.

Other revenues were US$20.7 million, an increase of 161.4% from US$7.9 million in the same quarter of last year, primarily due to the increase of our wealth management service revenue.

Interest expense was US$18.1 million, an increase of 20.6% from US$15.0 million in the same quarter of last year, primarily due to the increase in funding for margin financing activities.


OPERATING COSTS AND EXPENSES

Total operating costs and expenses were US$89.2 million, an increase of 32.9% from US$67.1 million in the same quarter of last year.

Execution and clearing expenses were US$5.0 million, a decrease of 5.5% from US$5.3 million in the same quarter of last year due to more self-clearing of US and HK equities.

Employee compensation and benefits expenses were US$46.8 million, an increase of 38.5% from US$33.8 million in the same quarter of last year, primarily due to higher performance-based bonus accruals and the increase of global headcount to support our global expansion.

Occupancy, depreciation and amortization expenses were US$2.7 million, an increase of 24.9% from US$2.1 million in the same quarter of last year, due to the increase in office space and relevant leasehold improvements.

Communication and market data expenses were US$13.6 million, an increase of 38.9% from US$9.8 million in the same quarter of last year due to increased IT-related service fees.

Marketing and branding expenses were US$14.0 million, an increase of 28.9% from US$10.9 million in the same quarter of last year, primarily due to higher marketing spending this quarter.

General and administrative expenses were US$7.0 million, an increase of 36.8% from US$5.1 million in the same quarter of last year due to increased travel expenses and other professional services.


NET LOSS/INCOME


ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF UP FINTECH

Net loss attributable to ordinary shareholders of UP Fintech was US$26.9 million, as compared to a net income attributable to ordinary shareholders of UP Fintech of US$30.4 million in the same quarter of last year. Net loss per ADS (1 ADS represents 15 Class A ordinary shares) – diluted was US$0.151, as compared to a net income per ADS – diluted of US$0.166 in the same quarter of last year.

Non-GAAP net loss attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation, was US$23.8 million, as compared to US$36.0 million non-GAAP net income attributable to ordinary shareholders of UP Fintech in the same quarter of last year. Non-GAAP net loss per ADS – diluted was US$0.134 as compared to a non-GAAP net income per ADS – diluted of US$0.198 in the same quarter of last year.

For the first quarter of 2026, the Company’s weighted average number of ADSs used in calculating non-GAAP net loss per ADS – diluted was 177,975,928. As of March 31, 2026, the Company had a total of 2,680,509,912 Class A and B ordinary shares outstanding, or the equivalent of 178,700,661 ADSs.


CERTAIN OTHER FINANCIAL ITEMS

As of March 31, 2026, the Company’s cash and cash equivalents and term deposits were US$598.1 million, compared to US$793.1 million as of December 31, 2025.


RECENT DEVELOPMENT

As previously disclosed, on May 22, 2026, certain subsidiaries of the Company received notices from the China Securities Regulatory Commission Beijing Bureau (the “CSRC Beijing Bureau”) indicating that the CSRC Beijing Bureau had initiated an investigation into their suspected illegal operations of securities, fund and futures business, and found that these subsidiaries had conducted unlicensed cross-border securities business and illegal activities relating to the fund and futures business in mainland China. Based on its findings, the CSRC Beijing Bureau has imposed administrative penalties in the aggregate amount of approximately RMB308.1 million and confiscation of illegal income in the aggregate amount of approximately RMB103.1 million. The unaudited financial statements for the three months ended March 31, 2026 included in this earnings release have reflected the impact of this subsequent event. These amounts were included in “Others, net” of the unaudited condensed consolidated statements of comprehensive income for the three months ended March 31, 2026.


SHARE REPURCHASE PROGRAM

On June 1, 2026, the Company’s board of directors approved a share repurchase program (the “Repurchase Program”), under which the Company may repurchase its Class A ordinary shares, including in the form of ADSs, with an aggregate value of up to US$50 million for a period of 12 months from June 1, 2026 to June 1, 2027. The Company expects to fund the repurchases out of its existing cash balance.

Under the Repurchase Program, the Company may repurchase its Class A ordinary shares, including in the form of ADSs, from time to time through various means, including open market transactions, privately negotiated transactions, block trades, and/or any combination thereof, in compliance with applicable laws and regulations. The number of Class A ordinary shares repurchased, including in the form of ADSs, 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 the Company’s general business conditions and other factors. The Company’s board of directors will review the Repurchase Program periodically, and may authorize adjustment of its terms and size, or suspend or discontinue the Repurchase Program at any time, subject to applicable laws, rules and regulations and the Company’s internal policies.

Conference Call Information:

UP Fintech’s management will hold an earnings conference call at 8:00 AM on June 2, 2026, U.S. Eastern Time (8:00 PM on June 2, 2026, Singapore/Hong Kong Time).

All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.

Preregistration Information:

Please note that all participants will need to pre-register for the conference call, using the link:
https://register-conf.media-server.com/register/BI1221db57899b4bcf85a953ae4c200d14

It will automatically lead to the registration page of “UP Fintech Holding Limited First Quarter 2026 Earnings Conference Call”, where details for RSVP are needed.

Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com

Use of Non-GAAP Financial Measures

In evaluating our business, we consider and use non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech and non-GAAP net loss or income per ADS – diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech as net loss or income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net loss or income per ADS – diluted is non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.

We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net loss or income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

For more information on the Company, please visit: https://ir.itigerup.com.

Safe Harbor Statement

This announcement 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 “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company 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, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, 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 ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in inflation and interest rate; technological advancements; changes in the Company’s revenues and certain cost or expense accounting policies and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries; changes in geopolitical policies and conditions; rapid developments in the AI, virtual currency and blockchain industries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 24, 2026. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

For investor and media inquiries please contact:

Investor Relations Contact

UP Fintech Holding Limited

Email: [email protected]

UP FINTECH HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in U.S. dollars (“US$”))
    As of

December 31,
    As of

March 31,
 
    2025     2026  
    US$     US$  
Assets:            
Cash and cash equivalents   791,016,893     595,974,411  
Cash-segregated for regulatory purpose   3,401,889,322     3,897,654,293  
Term deposits   2,061,474     2,078,577  
Receivables from customers (net of allowance of US$5,050,501 and
US$5,044,026 as of December 31, 2025 and March 31, 2026)
  1,785,416,288     1,851,557,353  
Receivables from brokers, dealers, and clearing organizations   2,032,966,861     2,185,128,995  
Financial instruments held, at fair value   85,541,628     202,572,083  
Prepaid expenses and other current assets   33,956,983     29,345,591  
Amounts due from related parties   19,077,760     23,951,224  
Total current assets   8,151,927,209     8,788,262,527  
Non-current assets:            
Right-of-use assets   11,674,596     10,130,225  
Property, equipment and intangible assets, net   14,364,025     13,941,843  
Crypto assets held   4,339,298     3,903,758  
Goodwill   2,492,668     2,492,668  
Long-term investments   9,810,822     9,815,850  
Equity method investment   10,585,414     10,713,656  
Other non-current assets   10,932,109     13,638,718  
Deferred tax assets   10,404,896     8,804,181  
Total non-current assets   74,603,828     73,440,899  
Total assets   8,226,531,037     8,861,703,426  
Current liabilities:            
Payables to customers   5,095,965,998     5,988,068,632  
Payables to brokers, dealers and clearing organizations:   1,903,912,312     1,735,505,600  
Accrued expenses and other current liabilities   111,689,582     169,128,871  
Lease liabilities-current   6,777,918     6,617,571  
Convertible bonds-current   111,178,103     4,200,000  
Amounts due to related parties   69,935,059     53,194,936  
Total current liabilities   7,299,458,972     7,956,715,610  
Convertible bonds   51,000,000     52,767,757  
Lease liabilities-non-current   4,198,997     2,589,051  
Deferred tax liabilities   1,694,325     1,959,977  
Total liabilities   7,356,352,294     8,014,032,395  
Mezzanine equity            
Redeemable non-controlling interest   4,946,478     5,137,047  
Total Mezzanine equity   4,946,478     5,137,047  
Shareholders’ equity:            
Class A ordinary shares   25,802     25,829  
Class B ordinary shares   976     976  
Additional paid-in capital   634,203,244     639,067,499  
Statutory reserve   15,587,049     15,587,049  
Retained earnings   208,408,915     181,665,435  
Treasury stock   (2,172,819 )   (2,172,819 )
Accumulated other comprehensive income   9,454,230     8,634,670  
Total UP Fintech shareholders’ equity   865,507,397     842,808,639  
Non-controlling interests   (275,132 )   (274,655 )
Total equity   865,232,265     842,533,984  
Total liabilities, mezzanine equity and equity   8,226,531,037     8,861,703,426  
             

UP FINTECH HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data)
    For the three months ended  
    March 31,     December 31,     March 31,  
    2025     2025     2026  
    US$     US$     US$  
Revenues:                  
Commissions   58,307,151     70,831,784     67,217,154  
Interest related income                  
Financing service fees   2,560,432     2,665,790     2,442,048  
Interest income   53,805,393     71,278,563     64,474,818  
Other revenues   7,936,987     30,798,536     20,744,620  
Total revenues   122,609,963     175,574,673     154,878,640  
Interest expense   (15,041,810 )   (19,033,392 )   (18,143,780 )
Total Net revenues   107,568,153     156,541,281     136,734,860  
Operating costs and expenses:                  
Execution and clearing   (5,338,917 )   (5,322,380 )   (5,042,802 )
Employee compensation and benefits   (33,805,808 )   (50,325,415 )   (46,824,633 )
Occupancy, depreciation and amortization   (2,149,308 )   (2,853,458 )   (2,684,990 )
Communication and market data   (9,794,869 )   (14,488,775 )   (13,600,445 )
Marketing and branding   (10,867,048 )   (15,831,013 )   (14,007,796 )
General and administrative   (5,136,346 )   (14,026,279 )   (7,025,613 )
Total operating costs and expenses   (67,092,296 )   (102,847,320 )   (89,186,279 )
Other income (expense):                  
Others, net   (1,340,064 )   435,182     (64,096,122 )
Income (loss) before income tax   39,135,793     54,129,143     (16,547,541 )
Income tax expenses   (8,549,158 )   (8,763,336 )   (10,186,323 )
Net income (loss)   30,586,635     45,365,807     (26,733,864 )
Less: net income attributable to non-controlling interests   11,527     15,299     9,616  
Accretion of redeemable non-controlling interests to redemption value   (155,983 )   (118,370 )   (111,189 )
Net income (loss) attributable to ordinary shareholders of UP Fintech   30,419,125     45,232,138     (26,854,669 )
Other comprehensive income (loss), net of tax:                  
Unrealized gain on available-for-sale investments       2,207,391      
Changes in cumulative foreign currency translation adjustment   3,826,640     4,428,703     (823,503 )
Total Comprehensive income (loss)   34,413,275     52,001,901     (27,557,367 )
Less: comprehensive income attributable to non-controlling interests   9,845     10,390     5,673  
Accretion of redeemable non-controlling interests to redemption value   (155,983 )   (118,370 )   (111,189 )
Total Comprehensive income (loss) attributable to ordinary shareholders of UP

Fintech
  34,247,447     51,873,141     (27,674,229 )
Net income (loss) per ordinary share:                  
Basic   0.012     0.017     (0.010 )
Diluted   0.011     0.016     (0.010 )
Net income (loss) per ADS (1 ADS represents 15 Class A ordinary shares):                  
Basic   0.173     0.255     (0.151 )
Diluted   0.166     0.244     (0.151 )
Weighted average number of ordinary shares used in calculating net income

(loss) per ordinary share:
                 
Basic   2,634,972,699     2,664,351,020     2,669,638,919  
Diluted   2,767,093,920     2,819,097,516     2,669,638,919  
                   

Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures
(All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data)
 
  For the three months ended March 31,

2025
  For the three months ended December 31,

2025
  For the three months ended March 31,

2026
 
      non-GAAP           non-GAAP           non-GAAP      
  GAAP   Adjustment   non-GAAP   GAAP   Adjustment   non-GAAP   GAAP   Adjustment   non-GAAP  
  US$   US$   US$   US$   US$   US$   US$   US$   US$  
  Unaudited   Unaudited   Unaudited   Unaudited   Unaudited   Unaudited   Unaudited   Unaudited   Unaudited  
Share-based compensation     5,621,791           3,677,271           3,051,971      
Net income (loss) attributable
to ordinary shareholders of
UP Fintech
30,419,125   5,621,791   36,040,916   45,232,138   3,677,271   48,909,409   (26,854,669 ) 3,051,971   (23,802,698 )
                                     
Net income (loss) per ADS –
diluted
0.166       0.198   0.244       0.264   (0.151 )     (0.134 )
Weighted average number of ADSs used in calculating diluted net income (loss) per ADS 184,472,928       184,472,928   187,939,834       187,939,834   177,975,928       177,975,928  



Colliers releases 2025 Global Sustainability Report

Highlights emissions reductions and progress in delivering long-term value

TORONTO, June 02, 2026 (GLOBE NEWSWIRE) — Colliers (NASDAQ, TSX: CIGI) released its 2025 Global Sustainability Report, demonstrating measurable progress against its sustainability commitments including reduced emissions intensity, enhanced workplace experience, strengthened governance and ethics, and the responsible adoption of artificial intelligence. The report articulates Colliers’ continued advancement of Built to Last, its global sustainability strategy, which focuses on environmental, social and governance priorities that are most critical to managing risk and driving positive impact.

Key highlights include:

  • Achieving a 32.2% reduction in Scope 1 and 2 emissions intensity from our 2021 baseline, representing a 6.4% year-over-year improvement
  • Sourcing 42% of electricity for Colliers’ global portfolio from renewable energy
  • Earning environmental or wellbeing building certifications in more than 66% of Colliers offices
  • More than 32% of manager+ roles being held by women

“As sustainability expectations become more performance driven, our focus is on delivering outcomes that fortify, de-risk and create lasting value within our own operations and for our clients,” said Tonya Lagrasta, Global Head of Sustainability at Colliers. “I’m proud of our 2025 progress and the way our professionals continue to turn ambition into action. The report reflects where we are today and where we’re going as we stay agile, focused and energized about the positive impact we can create together.”

With expertise spanning Commercial Real Estate, Engineering and Investment Management, Colliers supports clients across the full asset lifecycle — from strategy and planning to delivery, operations and transition — helping them respond to evolving regulatory requirements, energy and cost pressures, and climate‑related risks.

Colliers’ 2025 Global Sustainability Report was produced in alignment with the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosure (TCFD). More information about Colliers’ sustainability initiatives can be found at http://www.colliers.com/sustainability.

Media Contact

Andrea Cheung
Senior Manager, Global Integrated Communications
+1 416 324 6402
[email protected]

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company operating through three industry-leading businesses: Commercial Real Estate, Engineering, and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership — driving strong alignment and sustained value creation for our shareholders. With $5.7 billion in annual revenues, 27,000 professionals, and $109 billion in assets under management, Colliers is committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com



Marqeta Research Reveals Consumer and SMB Credit Behavior Has Evolved Beyond Traditional Models, Creating New Opportunity for Providers

Marqeta Research Reveals Consumer and SMB Credit Behavior Has Evolved Beyond Traditional Models, Creating New Opportunity for Providers

NEWS HIGHLIGHTS

  • Marqeta surveyed consumers and SMBs in the US and UK about their behaviors and attitudes toward credit cards, Buy Now, Pay Later (BNPL), and other credit products for its 2026 State of Credit report.

  • Traditional credit business models no longer reflect how consumers and SMBs manage their finances, creating an opening for providers who build for the full credit journey.

  • BNPL and flexible credentials cited as key offerings gaining momentum to enable providers to retain customers as their credit needs evolve.

OAKLAND, Calif.–(BUSINESS WIRE)–Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, today released its 2026 State of Credit Report. Based on a survey of 4,000 consumers and 1,000 small and medium-sized businesses (SMBs) in the US and UK, the report reveals that static, single-product credit programs no longer match how consumers and businesses actually manage their finances, creating a significant opportunity for providers who build for the full credit journey.

A Patchwork of Credit Providers

Consumers and SMBs are using multiple products across different providers, and switching between them based on specific needs for each purchase rather than dissatisfaction with the product itself.

  • 66% of consumers surveyed own a credit card, and 57% of those carry more than one, a figure that rises to 64% among US consumers and 50% among UK consumers surveyed.

  • 85% of consumers surveyed consider multiple factors before deciding which payment method to use for a given transaction, and 59% have used both debit and credit within the past 90 days, switching based on purchase type, current financial situation, or preference.

  • 96% of SMBs are intentional about which payment method they use for a given transaction, switching between them three to 10 times per month.

BNPL and Flexible Credentials Gain Momentum

BNPL is complementing credit, not replacing it. 79% of BNPL users continue to use it even when they have credit card access, and among consumers without a credit card, 23% turn to BNPL when they can’t pay in full, using it to finance purchases without taking on revolving debt. The demand for flexibility is also showing up in the appetite for flexible credentials: single cards that can switch between debit, credit, and BNPL at the point of purchase.

  • 48% of consumers aged 18-44 surveyed express interest in flexible credentials, rising to 71% among consumers who already carry multiple cards.

  • Among consumers interested in flexible credentials, 67% of respondents say it would replace their current debit card and 71% their current credit card, suggesting consumers see it as a replacement for the cards they already carry, not just another product to add to their wallet.

  • Among SMBs surveyed that are planning to apply for a credit card in the next 12 months, 82% are interested in flexible credentials and 89% cite interest in flexible repayment terms.

“Credit is no longer a single product consumers and SMBs either have or don’t have. It’s become a portfolio of tools they are assembling themselves, often from multiple providers, because most providers don’t offer the full range of products they need,” said Todd Pollak, Chief Revenue Officer, Marqeta. “Marqeta enables our customers to meet this challenge head-on, offering credit, debit, and flexible credentials from a single platform – reducing friction, protecting the brand experience, and serving consumers and SMBs throughout their credit journey.”

Keeping Customers Through Credit Transitions

Customers move between credit products for many reasons: a denied application, an improved credit score, a business crossing a revenue threshold, a change in life circumstances. The report finds that most providers aren’t prepared to keep customers during these transitions, but there are new flexible product offerings that can help keep customers when their credit needs change.

  • 63% of denied credit card applicants surveyed were never offered an alternative product, even though 60% would have been interested in a product that helps them build credit.

  • 76% of denied credit card applicants surveyed would undergo a credit check to upgrade to revolving credit when their profile is ready.

Additionally, co-brand debit with BNPL serves a second underserved group: consumers who want a branded product but can’t or don’t want to engage with traditional revolving credit.

  • 33% of consumers surveyed express interest in co-brand debit cards, rising to 41% among consumers aged 18-44.

  • When BNPL is paired with the right incentive package, 65% of previously neutral and 35% of previously uninterested consumers move into consideration.

Non-Bank Providers Have an Opening

The report shows growing comfort and trust in non-bank providers, clearing the way for them to compete directly for credit customers.

  • 53% of consumers surveyed trust established fintechs for financial services, 47% trust large retailers, 45% trust BNPL providers, and 33% trust technology platforms.

  • 66% of SMBs surveyed are comfortable using financial services from non-banks, rising to 83% among SMBs planning to apply for a credit card in the next 12 months.

  • Consumers interested in flexible credentials are more comfortable with non-banks (52%) than those who aren’t interested (25%), demonstrating the highest-demand segment is also the most open to alternative providers.

“The biggest gap in SMB financial services isn’t product availability. It’s that most products don’t evolve as the business does,” continued Pollak. “SMBs outgrow their first credit card as their business evolves and expands, meaning suddenly the tools they have don’t fit anymore. That’s the problem Marqeta is focused on solving. We give platforms the infrastructure to meet SMBs where they are, and grow with them from there.”

Marqeta’s platform powers credit, debit and flexible credentials from a single instance, enabling real-time underwriting decisions designed to help reduce unnecessary declines and protect brand relationships. From co-brand programs and credit builder products to the graduation paths between them, Marqeta is designed to give issuers the tools to grow with customers as their credit needs evolve.

About the research

Marqeta’s 2026 State of Credit Report was conducted on behalf of Marqeta in Q1 2026. Marqeta surveyed 4,000 consumers and 1,000 small and medium-sized businesses across the United States and United Kingdom. The report also covers graduation path design, alternative underwriting data, the personal-business credit blur among SMBs, and what the research ultimately means for providers launching new credit programs. Download the full report here.

About Marqeta

Marqeta makes it possible for companies to build and embed financial services into their branded experience—and unlock new ways to grow their business and delight users. The Marqeta platform puts businesses in control of building financial solutions, enabling them to turn real-time data into personalized, optimized solutions for everything from consumer loyalty to capital efficiency. With compliance and security built-in, Marqeta’s platform has been proven at scale, processing nearly $400 billion in annual payments volume in 2025. Marqeta is certified to operate in more than 40 countries worldwide. Visit www.marqeta.com to learn more.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products, and solutions; which payment, banking, and financial services products and solutions may succeed; technological and market trends; Marqeta’s business; Marqeta’s products and services; and statements made by Marqeta’s senior leadership. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including those risks and uncertainties included in the “Risk Factors” disclosed in Marqeta’s Annual Report on Form 10-K, as may be updated from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqeta’s website at http://investors.marqeta.com. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.

Press Contact

Jessica Miller

[email protected]

KEYWORDS: California Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Banking Online Retail Technology Professional Services Payments Small Business Retail Software Other Professional Services Fintech Finance

MEDIA:

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BW LPG Limited – Financial Results for Q1 2026

BW LPG Limited – Financial Results for Q1 2026

SINGAPORE–(BUSINESS WIRE)–
BW LPG Limited (NYSE: BWLP) (OSE: BWLPG.OL):

Highlights Q1 2026

Financial performance

  • Q1 2026 profit attributable to equity holders of the Company ended at US$164 million, representing an earnings per share of US$1.08, contributed by strong shipping performance and a significant positive unrealised MtM valuation gain in the BW Product Services trading portfolio.

Commercial performance

  • TCE income – Shipping Q1 2026 concluded at US$55,500 per available day and US$51,300 per calendar day, above our guidance of US$54,000 per day. The earnings also reflect the Company’s time charter coverage of 53% of available days at US$48,200 per day.

Q2 2026 TCE guidance

  • Fixed 85% of available fleet days at an average rate of ~US$81,000 per day.

Cash dividend declared

  • The Company declared a Q1 2026 cash dividend of US$0.67 per share, which consists of 100% of Shipping NPAT Q1 2026, in addition to US$0.11 per share from BW Product Services’ capital return from 2025.

Subsequent events

  • Signed newbuilding contract for eight 90’cbm Panamax VLGCs with expected deliveries from start of 2029 to Q2 2030 with a total price of approximately US$940 million.

  • BW Brage and BW Gemini fixed for three- and five-year time charter out agreements in the low US$40,000s per day.

  • BW Pampero fixed for one-year time charter out at high US$60,000 per day with delivery in August.

Financial Performance

BW LPG Limited (“BW LPG”, the “Company”, NYSE ticker code: “BWLP”, OSE ticker code: “BWLPG.OL”) reported a Q1 2026 Net Profit After Tax (NPAT) of US$187 million, yielding an annualised return on equity of 38%. The Q1 profit attributable to the equity holders of the Company was US$164 million, and earnings per share were US$1.08.

The Company reported ample liquidity of US$618 million. The end-of-quarter net leverage ratio was 26.3%, compared to 28.4% as of 31 December 2025.

The Board declared a cash dividend of US$0.67 per share, which consists of 100% of Shipping NPAT Q1 2026, in addition to US$0.11 per share from BW Product Services’ capital return from 2025, above the dividend policy.

Commercial Performance Shipping

The Q1 2026 shipping performance resulted in US$55,500 per available day and US$51,300 per calendar day, with 92% fleet utilisation. Time Charter Equivalent (TCE) income was US$197.7 million for the quarter, with the BW LPG India subsidiary contributing a TCE income of US$29 million for the quarter.

For Q2 2026, the Company has fixed ~85% of available days at an average rate of ~US$81,000 per day.

For FY 2026, the Company has secured 39% of the fleet capacity on fixed-rate time charters at US$44,800 per day, and an additional 3% through FFA hedges at an average rate of US$48,100 per day.

Product Services

Product Services presents a strong quarter, reporting a gross profit of US$127 million and a net profit after tax of US$98 million for this quarter. This gross profit comprises of a positive unrealised mark-to-market change of US$137 million from our open cargo contracts and hedging transactions, offset by a realised trading loss of US$10 million from our portfolio of cargo, freight and hedging transactions.

Market Update

During Q1 2026, the VLGC market experienced one of its most disruptive events on record. Towards the end of February, the outbreak of war in the Middle East led to the blockade of the Strait of Hormuz, disrupting significant LPG export volumes from the region.

Initially, spot freight rates declined as market participants anticipated an oversupply of vessels. However, the market quickly tightened as LPG buyers turned to the US to replace lost Middle Eastern volumes.

At the same time, fewer VLGCs than expected repositioned from the Middle East to the US, likely reflecting expectations of a short-lived disruption and operational constraints related to US trading requirements.

As a result, vessel availability in the US Gulf tightened rapidly, driving spot freight rates sharply higher.

The market was further supported by increased congestion and higher transit fees in the Panama Canal, which caused more VLGCs to sail via the Cape of Good Hope to Asia, effectively reducing vessel supply.

Cargo Movements

LPG exports from the US carried on VLGCs increased by 5.9% in Q1 2026 compared to Q1 2025. Following the end of the quarter, export growth accelerated as the blockade of the Strait of Hormuz increased demand for US LPG, supported by additional capacity from new export terminals.

In April 2026, US LPG exports to China reached their highest level since May 2025, although volumes remained below the levels seen prior to the escalation of trade tensions between China and the US.

During the first three months of 2026, LPG exports on VLGCs out of the Middle East fell by 22% compared to the same period in 2025, as the outbreak of war resulted in a blockade of the Strait of Hormuz and a severely restricted flow of LPG volumes.

Far East LPG imports on VLGCs declined by 8% in Q1 2026 compared to the same period in 2025. The decrease was driven primarily by lower Chinese imports, which fell by 13% as the country continued to draw on LPG inventories.

Imports shipped on VLGCs into Southeast Asia increased by 7% during the quarter, while India also recorded modest import growth despite the outbreak of war in the Middle East. Both regions are, however, expected to see weaker import volumes during Q2 2026.

Panama Canal

Even before the outbreak of war in the Middle East, the new locks of the Panama Canal were operating at near full capacity. In the wake of the closing of the Strait of Hormuz, demand for using the canal increased further. This was especially visible as LPG and oil tankers drove a sharp increase in transit auction fees, which at one point reached USD 4m for a single transit.

As a result, more VLGCs opted to sail via the Cape of Good Hope rather than transit the canal, reducing vessel supply in the market.

In the coming years, demand for using the Panama Canal will likely continue to grow as LNG, ethane and LPG newbuildings are delivered.

China PDH plants

In China, average operating rates at PDH plants declined sharply following the blockade of the Strait of Hormuz. Run rates now appear to have stabilized, albeit at below-normal levels.

At the same time, Chinese LPG inventories have fallen to the lowest level in more than three years, suggesting the potential for pent-up demand if the Middle East conflict is resolved.

Looking ahead, two additional PDH plants are scheduled to start up in 2026, followed by a further six, four and two in 2027, 2028 and 2029 respectively.

Fleet Capacity

The VLGC fleet currently stands at 429 ships, with an orderbook of 130 vessels. Year to date, 18 new VLGCs have been delivered, with 20 more scheduled for the remainder of 2026. For new orders, well-established shipyards are indicating delivery slots no earlier than the second half of 2029 for VLGCs. More than 9% of the existing fleet are 25 years or older.

Market Outlook

VLGC freight rates are expected to remain highly sensitive to geopolitical developments. Current earnings continue to be supported by trading inefficiencies and a shortage of available vessels on the US–Far East trade.

A full reopening of the Strait of Hormuz would likely narrow the US–Far East arbitrage and could put downward pressure on US Gulf spot freight rates.

Over the longer term, LPG exports from North America are expected to continue growing, supported by new export infrastructure and increasingly gas-rich oil production from the Permian Basin.

Middle East LPG exports are likely to remain constrained for the duration of the conflict involving Iran, the US and Israel. While a reopening of the Strait of Hormuz would allow exports to recover from current levels, uncertainty remains regarding the timeline for repairing export infrastructure damaged during the war.

Q1 2026 Earnings Presentation and Interim Financial Report

Please see the attachments for the Q1 2026 Earnings Presentation and Interim Financial Report, or download the documents here: https://www.bwlpg.com/investor/financial-reports-presentations/

BW LPG will present its financial results at 08:00hrs EDT/ 14:00hrs CEST/ 20:00hrs SGT today. The presentation will be hosted by Kristian Sørensen (CEO) and Samantha Xu (CFO).

The presentation will be held live via Zoom. Please register at the link below: https://bit.ly/BWLPGQ12026

Registered participants will receive a confirmation email containing access details for the Zoom meeting. A recording of the presentation will be made available on the Company’s website following the event at https://www.bwlpg.com/investor/financial-reports-presentations/

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil & gas production, renewable energy and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas and dry commodities. In the infrastructure space, the group operates in wind, batteries, water, subsea cable networks and data centres. bw-group.com

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Kristian Sørensen, CEO

Samantha Xu, CFO

E-mail: [email protected]

KEYWORDS: North America United States Asia Pacific Singapore Southeast Asia

INDUSTRY KEYWORDS: Data Management Technology Other Transport Maritime Batteries Transport Other Technology Oil/Gas Logistics/Supply Chain Management Alternative Energy Energy

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Nanobiotix Joins the Euronext Tech Leaders Index

PARIS and CAMBRIDGE, Mass., June 02, 2026 (GLOBE NEWSWIRE) — NANOBIOTIX (Euronext: NANO – NASDAQ: NBTX – the “Company”), a late-clinical stage biotechnology company pioneering nanotherapeutic approaches to expand treatment possibilities for patients with cancer and other major diseases, today announced its inclusion in the Euronext Tech Leaders segment and Euronext Tech Leaders Index, a Euronext flagship initiative dedicated to increasing the visibility and attractiveness of Europe’s leading and high-growth technology companies among international investors.

“Nanobiotix was founded on the belief that applying physics to medicine could unlock entirely new therapeutic possibilities,” said Laurent Levy, chief executive officer of Nanobiotix and chairman of the executive board. “Our inclusion in the Euronext Tech Leaders segment recognizes not only the progress we have made as a company, but also the broader potential of physics-based innovation to contribute meaningfully to the future of healthcare. We are honored to join this community of European innovators and look forward to continuing our mission of building new therapies designed to improve outcomes for millions of patients around the world.”

Launched by Euronext in 2022, the Euronext Tech Leaders initiative brings together a select group of companies recognized for their innovation, growth profile, and contribution to the European technology ecosystem. Members benefit from increased visibility among international investors, access to a broad network of market participants, and participation in a range of events and initiatives designed to support long-term growth.

For Nanobiotix, inclusion in the Euronext Tech Leaders segment reflects the Company’s position at the intersection of nanotechnology, physics, and medicine, as it advances a portfolio of physics-based nanotherapeutic platforms designed to address significant unmet medical needs.

About NANOBIOTIX

Nanobiotix is a late-stage clinical biotechnology company pioneering disruptive, physics-based therapeutic approaches to revolutionize treatment outcomes for millions of patients; supported by people committed to making a difference for humanity. The Company’s philosophy is rooted in the concept of pushing past the boundaries of what is known to expand possibilities for human life.

Incorporated in 2003, Nanobiotix is headquartered in Paris, France and is listed on Euronext Paris since 2012 and on the Nasdaq Global Select Market in New York City since December 2020. The Company has subsidiaries in Cambridge, Massachusetts (United States) amongst other locations.

Nanobiotix is the owner of more than 30 umbrella patents associated with three (3) nanotechnology platforms with applications in 1) oncology; 2) bioavailability and biodistribution; and 3) disorders of the central nervous system.

For more information about Nanobiotix, visit us at www.nanobiotix.com or follow us on LinkedIn and Twitter.

Disclaimer

This press release contains “forward-looking” statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the use of proceed therefrom, and the period of time through which the Company’s anticipates its financial resources will be adequate to support operations. Words such as “expects”, “intends”, “can”, “could”, “may”, “might”, “plan”, “potential”, “should” and “will” or the negative of these and similar expressions are intended to identify forward-looking statements. These forward-looking statements which are based on the Company’ management’s current expectations and assumptions and on information currently available to management. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those implied by the forward-looking statements, including risks related to Nanobiotix’s business and financial performance, which include the risk that assumptions underlying the Company’s cash runway projections are not realized. Further information on the risk factors that may affect company business and financial performance is included in Nanobiotix’s Annual Report on Form 20-F filed with the SEC on March 31, 2026 under “Item 3.D. Risk Factors”, in Nanobiotix’s 2025 universal registration document filed with the AMF on March 31, 2026 under “chapter 1.5 Risk Factors”, and subsequent filings Nanobiotix makes with the SEC and AMF from time to time, which are available on the SEC’s website at www.sec.gov and on the AMF’s website at www.amf.org, The forward-looking statements included in this press release speak only as of the date of this press release, and except as required by law, Nanobiotix assumes no obligation to update these forward-looking statements publicly.

Nanobiotix
Communications Department

Brandon Owens

VP, Communications

+1 (617) 852-4835
[email protected]
Investor Relations Department

Joanne Choi

VP, Investor Relations (US)

+1 (713) 609-3150
[email protected]

Ricky Bhajun
Director, Investor Relations (EU)
+33 (0) 79 97 29 99
[email protected]

Media Relations

France – HARDY
Caroline Hardy
+33 06 70 33 49 50
[email protected]

Global – uncapped
Becky Lauer
+1 (646) 286-0057
[email protected]



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Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners

Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners

TAIPEI, Taiwan–(BUSINESS WIRE)–
Today at Computex 2026, Intel unveiled new innovations that address customers’ chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including:

  • New rackscale AI infrastructure: Intel announced rackscale AI infrastructure for customers interested in scaling their inference and agentic workloads based on Intel® Xeon® processors and SambaNova SN-50 Reconfigurable Dataflow Units (RDUs).
  • Agentic Cloud Offering for Disaggregated Inference: Vector Core Compute, a new purpose-built enterprise inference cloud formed by Vista Equity Partners and Cambium Capital, unveiled fully disaggregated inference running on Intel Xeon processors, SambaNova RDUs, and NVIDIA Blackwell GPUs.
  • Deep industry solutions: Strategic collaborations with industry leaders, including Foxconn, Siemens, Hitachi, Echo Neurotechnologies, and Greenstone Biosciences focused on delivering integrated vertical customer solutions based on Intel processors and purpose-built silicon.
  • Intel Xeon 6+ processors: Next-generation data center CPU built on Intel 18A and designed for high-density, scale-out workloads.
  • PC, gaming handheld, and physical AI momentum: Broad partner support and customer uptake for the Series 3 family of processors.

“For more than five decades, Intel, its ecosystem partners, and Taiwan have brought the world the foundational technologies for the PC, Internet, and now AI eras,” said Lip-Bu Tan, CEO of Intel. “Today, with the rise of inference, agentic, and physical AI, Intel is poised to bring the world new innovations from the chip to systems level that promise to transform industry and society for the better. We are proud to join all our partners in building great products that will delight customers and bring the power of AI to more people as we create a brighter future together.”

Rackscale AI Infrastructure for Inference and Agentic Workloads

As the training of AI models has matured, and more AI applications have moved into production, the industry has witnessed an exponential rise in the demand for cost-effective and power-efficient AI inference. With the emergence of agentic AI, the growing demand for AI inference is changing the balance of power in the data center, returning the CPU to a position of prominence.

According to Creative Strategies CEO and principal analyst Ben Bajarin, while “the training-era world looked closer to a one-CPU-per-four-GPU relation in AI deployments, agentic inference changes that relationship to roughly a one-CPU-to-one-GPU (or less) ratio.”

Seeking to capitalize on this trend at a systems level, Intel, SambaNova, and Foxconn today announced their intent to build rackscale AI infrastructure for data center, hyperscale, and intelligence center deployments—built on Intel Xeon processors.

The companies are demonstrating production-ready racks that combine Intel Xeon processors with SambaNova SN-50 RDUs, which together are designed to deliver high performance AI inference with improved cost and power efficiency. As part of the collaboration, Foxconn will provide system integration capabilities for the new rackscale AI infrastructure. Foxconn also plans to manufacture a CPU-dense variant of the rackscale infrastructure for workloads that do not require additional acceleration, including cost-optimized inference, data processing, and hybrid AI.

Agentic Cloud Offering for Fully Disaggregated Inference

Vector Core Compute, a new purpose-built enterprise inference cloud formed by Vista Equity Partners and Cambium Capital, unveiled fully disaggregated inference. Running onstage at Computex, Intel, SambaNova, Vista Equity Partners and Cambium Capital showcased the first real-world demonstration of a disaggregated inference system, using Intel Xeon 6 processors for orchestration and execution, SambaNova SN40 RDUs for decode, and NVIDIA Blackwell GPUs for prefill—operating from a Vector Core Compute data center in Los Angeles, California.

Together.ai is the first commercial customer running workloads on Vector Core Compute’s agentic cloud, which delivered the fastest enterprise inference on the MiniMax 2.5 model of any architecture to date. Vista Equity Partners has secured early access to the company’s high-quality, low-cost inference solutions for its 90+ portfolio companies which serve more than 2.5 million enterprise customers and 750 million users worldwide.

Industry Specific Solutions Based on Intel Processors and Purpose-built Silicon

It is often stated that AI is transforming every industry. It is also true that the computing needs of specific industries vary widely due to differences in their business environments, processes, workflows, and customers.

Today, Intel announced several strategic partnerships designed to co-develop industry-specific vertical solutions based on Intel processors and purpose-built silicon, including:

  • Foxconn: The world’s largest electronics manufacturer is working with Intel to provide systems integration capabilities for rackscale AI infrastructure and explore collaboration in design services and custom silicon development.
  • Siemens: The leading technology company focused on industry, infrastructure, transport, and healthcare and Intel have expanded their existing collaboration. In 2023, Siemens and Intel first joined forces; now the two companies are strengthening their collaboration across the entire value chain from design to manufacturing to chips embedded in Siemens products. Siemens brings its capabilities for the design, manufacturing, and lifecycle management of chips, as well as fab digitalization, automation, and electrification. This collaboration will enable the exploration of use cases for purpose-built Intel silicon for Siemens’ varied compute requirements, which may include edge devices, high-performance computing (HPC), and robotics.
  • Hitachi: A global leader in digital innovation and sustainable solutions and Intel intend to work together on a range of solutions including foundry tools and quantum computing.
  • Echo Neurotechnologies: The developer of neuroscience and brain-computer interface solutions and Intel are exploring new neuromorphic technologies to advance neuro-AI, speech neuroscience, brain-computer interfaces, and Intel’s future neuromorphic and conventional hardware architectures.
  • Greenstone Biosciences: The Silicon Valley biotech company plans to use Intel processors, purpose-built silicon, and the Intel Health and Life Sciences AI Suite to accelerate human-centric drug development using stem cells, organoids, genomics, and AI.

Intel Xeon 6+ Processors for Next Generation Data Centers

Extending this week’s announcements from data centers and racks down to chip-level innovations, Intel announced the availability of Intel Xeon 6+ processors, which provide greater performance density, power efficiency, and operational scale for cloud-native, agentic AI, and network-intensive workloads.

Built on Intel 18A—its first use in a data center CPU—Xeon 6+ is engineered for sustained performance under real-world power constraints—addressing the orchestration, concurrency, and data movement demands of emerging agentic AI.

Xeon 6+ can be configured for AI rackscale infrastructure purpose-built for hosting agents at maximum density. For example, a single liquid-cooled rack can deliver 36,864 cores using 32U of compute space, which provides the highest agent density available (at approximately 100-kilowatt rack power compute).

Optimized for environments where watts per rack, throughput per core, and latency predictability are critical, Xeon 6+ emphasizes scale-out performance—making room for new AI workloads without requiring disruptive data center redesign.

Series 3 Scale and Momentum

Core Ultra Series 3, built on Intel 18A, continues to experience strong customer uptake for a platform that now powers more than 325 consumer and commercial PC designs. Leveraging the same advanced IP as Ultra, the recently launched Core processors are enabling a new class of thin, sleek, powerful, and efficient PCs at affordable price points. Series 3 also pushes into the growing market of handheld gaming with the new Intel Arc G-series processors, which will be available starting this month. The expansion of the Series 3 processor family is being accelerated by increased 18A yields and strong customer and partner engagement.

Beyond the PC, Intel has powered edge devices in manufacturing, robotics, retail, and smart cities for decades. For the first time, the latest Series 3 IP scaling in the PC ecosystem will deploy in parallel to thousands of edge customers globally. Over 130 customers have already chosen Series 3 to power edge AI and robotics designs.

About Intel

Intel (Nasdaq: INTC) designs and manufactures advanced semiconductors that connect and power the modern world. Every day, our engineers create new technologies that enhance and shape the future of computing to enable new possibilities for every customer we serve. Learn more at intel.com.

Vector Core Compute cloud inference performance testing by Artificial Analysis. For details visit Artificial Analysis. Results may vary.

Performance varies by use, configuration, and other factors. Learn more on the Performance Index site. Intel does not control or audit third-party data. You should consult other sources to evaluate accuracy.

Intel technologies may require enabled hardware, software, or service activation. No product or component can be absolutely secure. Your costs and results may vary.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

Intel Media Relations

[email protected]

KEYWORDS: United States Taiwan North America Asia Pacific California

INDUSTRY KEYWORDS: Hardware Health Technology Semiconductor Data Management Manufacturing Technology Robotics Apps/Applications Neurology Artificial Intelligence Electronic Games Software Entertainment Networks Health Engineering

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