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DL Holdings’ Interim Net Profit Surges Over 25-Fold as Digital Finance Strategy Accelerates Implementation

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HONG KONG SAR – Media OutReach Newswire – 28 November 2025 – DL Holdings Group released its interim financial report for the six months ended September 30, 2025, on November 27. The Group recorded a net profit of HK$202 million, representing a 2,511% increase compared with the same period last year; revenue from principal operations reached HK$118 million, up 43% year-on-year; and other income reached HK$194 million, an increase of 528% over the same period. While delivering a comprehensive improvement in performance, the Group has accelerated its strategic transformation and achieved substantial breakthroughs in digital finance. It is among the first to explore an innovative shareholder return mechanism powered by blockchain technology, using technological innovation to practice the philosophy of inclusive finance and enabling a broader base of investors to share the dividends of digital economic growth.

01 Performance Highlights and Financial Results

The Group’s business continues to display a diversified structure, with revenue contributions from each segment clearly defined. DL’s licensed business — the Financial Services segment — recorded revenue of approximately HK$75.62 million, representing a 56% year-on-year increase. This segment’s revenue primarily came from: financial advisory and investment management service fees of approximately HK$23.66 million from DL Securities; securities trading commissions and brokerage income of approximately HK$8.34 million; and insurance brokerage commissions of approximately HK$41.25 million.

DL Securities made significant progress in business innovation and strategic expansion. Strategically, DL Securities has focused on advancing innovation in cross-border financial services — establishing a professional cross-border M&A team to provide one-stop financial service solutions for outbound companies, and forming strategic partnerships with multiple international financial centers to build a global service network. On July 25, 2025, DL Securities submitted an application to the SFC to vary its existing Type 1 (dealing in securities) and Type 4 (advising on securities) licenses to include regulated virtual asset trading and advisory activities (license upgrade), which has now entered its final stage of approval. Management expects that by 2027, DL Securities’ number of clients will increase to 200,000, and AUM will grow to HK$50 billion.

The family office and wealth management business, as one of the Group’s core segments, delivered stable performance during the reporting period and achieved substantial breakthroughs and scalable growth. Both client AUM and management fee income rose significantly. For the six months ended September 30, 2025, DL Family Office — including associated insurance brokerage commissions — recorded total revenue of approximately HK$68.07 million. Looking ahead, the Group expects the number of family office clients to increase to 200 by 2027 and AUM to exceed HK$78 billion (approximately US$10 billion). Currently, DL Holdings’ total assets under management and advisory exceed HK$27.3 billion (approximately US$3.5 billion). As one of Hong Kong’s earliest government-recognized multi-family offices, DL is also the only platform whose business footprint covers Chinese Mainland, Hong Kong SAR, Singapore, Japan, and the United States.

Since July 2025, the Group has raised a total of approximately HK$1.834 billion through two rounds of equity financing, convertible bond issuance, management capital injection, and other strategic investments. Following these fundraisings, the Group’s net assets have now reached nearly HK$3 billion, providing strong capital support for the expansion and technological advancement of its digital finance business.

02 Strategic Expansion and Business Breakthroughs

Supported by substantial market confidence and capital resources, DL Holdings has rapidly advanced its strategic transformation over the past six months. The Group has achieved significant progress across four key areas — asset digitalization, digital asset investment, global ultra-luxury real estate investment, and global market expansion — demonstrating its forward-looking strategy and execution capability in the digital finance era.

In the area of asset digitalization, blockchain technology is redefining asset structures. Physical assets valued at HK$500 million — including the DL Tower — have initiated the tokenization process, with HK$60 million already completed. The tokenization of the HK$312 million equity stake in the U.S. ultra-luxury real estate project ONE Carmel has created an innovative shareholder-return model. The Company plans to distribute special dividends to shareholders in future years based on the digital rights generated from these tokenized assets. In addition, the Group has completed the tokenization of approximately HK$40 million in equity from technology companies such as ByteDance and Kraken.

In the digital asset investment sector, the Group continues to expand its commitment. In computing power, HK$320 million has been invested to complete the procurement of the first batch of high-performance mining machines, and an additional HK$800 million digital asset investment roadmap has been planned — including HK$560 million for computing power and HK$240 million for gold-backed digital assets. Cooperation with Antalpha has advanced further: the first phase of gold-backed token investment of nearly HK$40 million has been completed, and thousands of mining machines are currently being deployed. Continued investment in NeuralFin has also shown strong results — the platform’s valuation has reached HK$546 million, and it has begun preparations for a U.S. listing, further strengthening the Group’s digital finance ecosystem.

In global ultra-luxury real estate investment, after eight years of dedicated development, DL’s U.S. real estate project ONE Carmel in California has obtained the White Paper issued by the California Department of Real Estate, indicating that the project has passed more than 300 stringent government reviews and completed full certification of land planning, infrastructure, and homeowner-protection systems. The project’s land valuation has exceeded HK$1.56 billion (approximately US$200 million), and the total development value of the Carmel project is expected to exceed HK$15.6 billion (approximately US$2 billion).

In global market expansion, the Group has made notable achievements. DL Holdings subscribed up to US$12 million in newly issued shares of Swiss-listed Youngtimers AG, becoming its largest institutional shareholder and successfully expanding its business network to Zurich and Sydney. These achievements provide a strong foundation for the Group’s future development and its ability to deliver enhanced shareholder returns.

03 Innovative Returns and Value Sharing

DL Holdings firmly believes that corporate value creation must be shared with shareholders. The Group is actively applying innovative digital-finance solutions to convert physical assets into direct shareholder benefits. For its landmark Hong Kong property, the DL Tower — valued at up to HK$500 million — the Group plans to distribute special dividends valued at up to HK$60 million to eligible shareholders through compliant tokenization. At the same time, DL will tokenize its HK$312 million (approximately US$40 million) equity stake in the ONE Carmel project in California and plans to distribute this as special dividends to shareholders in the future. These initiatives allow shareholders to directly hold on-chain assets and share the appreciation value of top-tier real estate projects — establishing a new model of shareholder return.

To demonstrate strong confidence in the Company’s long-term development, controlling shareholders Mr. Andy Chen and Ms. Crystal Jiang have voluntarily committed to a 12-month lock-up period during which no shares will be sold. This aligns with the Company’s talent-incentive strategy — including the completed issuance of 90 million shares as free grants, the buyback and placement of 30 million shares into the employee trust, and the planned market repurchase and employee incentives for an additional 40 million shares. In total, 160 million shares have been allocated to incentivize the core team, all sourced from existing shares or market repurchases, ensuring zero dilution for existing shareholders — achieving deep alignment of interests among shareholders, the Company, and employees.

From tokenized dividends to voluntary lock-ups by major shareholders, from innovative incentive mechanisms to collective value sharing, every step taken by DL Holdings reflects its commitment to “growing together with shareholders.” The Group is dedicated to building a transparent, mutually beneficial, and sustainable new investment ecosystem, enabling investors to share the tremendous potential of digital finance and making investing easier for everyone.

Mr. Andy Chen, Chairman and Chief Executive Officer of DL Holdings Group, stated: “Most investors remain far removed from top-tier investment opportunities worldwide. This structural gap motivates DL to push forward a profound transformation: by leveraging our channel advantages and capital strength, we allocate world-class assets — from premium real estate to high-quality private equity — across the globe. Through RWA tokenization, these scarce assets are ‘broken down’ and delivered securely and efficiently to every investor who trusts us, through platforms such as DL Securities and NeuralFin. This is the path toward financial equality and inclusive finance — and it is DL’s solemn commitment to the market.”

Hashtag: #DLHoldings

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Apical Strengthens Women’s Health to Support Stunting Prevention in Cilincing, North Jakarta

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SINGAPORE – Media OutReach Newswire – 26 December 2025 – Apical continues to reinforce its commitment to preventing and reducing stunting by prioritising women’s health in Cilincing subdistrict, North Jakarta. Through its business unit, PT Asianagro Agungjaya (PT AAJ), Apical collaborated with the Cilincing Community Health Centre (Puskesmas Cilincing) to implement community-based programmes focused on women’s health and early stunting prevention.

The initiative was launched on 15 December 2025 at the RW 03, RW 09 and RW 10 community offices within the Cilincing public housing complex. Targeting women of reproductive age, the programme was designed as a preventive effort to raise awareness and improve access to essential health services, particularly reproductive health, as a foundation for healthy families and future generations.

Apical’s CSR Manager, Sugiantoro, said the collaboration reflects the company’s long-term, preventive approach to public health. “We believe that healthy women are the pillars of strong families and a key force in shaping healthy communities. Through PT AAJ’s involvement, we aim to create tangible impact by prioritising early prevention, rather than focusing solely on treatment,” he said.

A key focus of the initiative was the early detection of cervical cancer, a serious but largely preventable disease when identified through routine screening and timely intervention. Services provided included IVA screening (visual inspection with acetic acid) and HPV (human papillomavirus) testing.

Dr Kezia Ivana from the Cilincing Community Health Centre explained that IVA and HPV screenings are effective methods for detecting cervical cancer at an early stage.

“Early detection allows us to identify the virus that causes cervical cancer sooner, significantly reducing the risk of disease progression. When detected early, the chances of recovery are very high. However, if left undetected, cervical cancer can lead to severe pain, abnormal bleeding, kidney and urinary tract disorders, swelling of the legs, and fertility problems that may prevent women from having children,” she said.

Apical’s participation in this initiative aligns with the company’s 5Cs philosophy that whatever it does must be good for the Community, Country, Climate and Customer, and only then will it be good for the Company, which underpins its commitment to inclusive and sustainable growth. Through partnerships with local stakeholders, Apical, a member of the RGE group of companies founded by Sukanto Tanoto, continues to support government efforts to address stunting while contributing to improved social and women’s health outcomes, particularly in communities surrounding its operational areas.
Hashtag: #RGE #Apical #CSR #Stunting #Indonesia #Women #Health #Communities

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About Apical

Apical is a leading vegetable oil processor with an expanding global footprint. Our vertically integrated mid-stream refining and value-added downstream processing makes us an integral supplier that supports the needs of various industries namely food, feed, oleochemicals and renewable fuel, including sustainable aviation fuel (SAF) which enables a great reduction of CO2 emissions.

With integrated assets in strategic locations spanning Indonesia, China and Spain, Apical operates numerous refineries, oleochemical plants, renewable fuel plants and kernel crushing plants. Through joint ventures and strategic partnerships, Apical also has processing and distribution operations in Brazil, India, Pakistan, Philippines, Middle East, Africa, USA and Vietnam.

Apical’s growth is built on the foundations of sustainability and transparency, and motivated by our strong belief that we can contribute to a circular economy for a more meaningful impact, even as we continue to grow our business and deliver innovative solutions to our customers.

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Vingroup Signs Strategic Cooperation with The Government of Uzbekistan, Opening Large-Scale Investment Opportunities in Central Asia

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HANOI, VIETNAM – Media OutReach Newswire – 25 December 2025 – Vingroup announced the signing of a Memorandum of Understanding (MOU) with the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan to promote cooperation and implement multi-sector projects in Uzbekistan. The agreement marks the beginning of a long-term cooperation plan between the two sides across multiple key sectors, while opening large-scale investment opportunities for the Vietnamese corporation in Central Asia, contributing to the strengthening of economic and investment ties between Vietnam and Uzbekistan.

Mr. Kasimov Ilzat Ablaxatovich, Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan (left), and Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup (right), at the signing ceremony of the Memorandum of Understanding (MOU).

Under the MOU, the two parties agreed to jointly study and develop strategic cooperation opportunities in areas such as urban development, sustainable transportation, tourism and leisure infrastructure, as well as other investment projects aligned with Uzbekistan’s development orientation, affirming the scale and capabilities of Vietnamese enterprises on the global economic map.

Specifically, in the area of urban development, Uzbekistan is ready to allocate approximately 1,000 hectares of land in a prime location of the capital Tashkent for Vingroup to study, propose, and invest in the development of a large-scale, integrated urban complex. The project would include residential areas, living infrastructure, commercial and cultural facilities, and public infrastructure facilities. The development is envisioned to form a “Vietnam Town”, creating a modern and sustainable urban landmark while enhancing cultural exchange and economic cooperation between the two countries.

In the field of sustainable transportation, Vingroup has proposed studying the deployment of electric taxi and urban mobility services using VinFast electric vehicles in Uzbekistan, together with a charging infrastructure system and support services. The project is expected to contribute to the green transition, reduce emissions, and improve the quality of urban transportation services in major Uzbek cities.

In tourism and leisure infrastructure, the two sides will explore the potential development of integrated tourism and recreational center, including entertainment facilities, hotels, golf courses and related tourism infrastructure, aiming to unlock tourism potential and enhance Uzbekistan’s attractiveness to international visitors.

In addition, this strategic cooperation also establishes a framework for the two parties to identify, assess, and select other potential investment projects that align with the development strategies and long-term priorities of each side.

On the Uzbek government’s side, the Ministry of Investment, Industry and Trade committed to supporting Vingroup by providing information on the investment environment, legal framework, and incentive policies, as well as coordinating with relevant authorities and local governments in project preparation, including land allocation, licensing, and access to investment support mechanisms in accordance with legislation.

On Vingroup’s side, the Group will propose conceptual proposals, technical expertise and investment plans, participate in feasibility studies and project structuring, and mobilize member companies within the Vingroup ecosystem to implement suitable projects in Uzbekistan.

Mr. Kasimov Ilzat Ablaxatovich, Deputy Minister of Investment, Industry and Trade of Uzbekistan, stated: “We welcome Vingroup’s interest and commitment to cooperation in Uzbekistan. With its experience in urban development, sustainable transportation, and infrastructure projects, Vingroup is considered a strategic partner to jointly explore and implement investment initiatives aligned with Uzbekistan’s socio-economic development priorities in the coming period.”

Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, shared: “Uzbekistan is a market with strong potential, supported by a clear development direction and an improving investment environment. Through this Memorandum of Understanding, Vingroup aims to gradually explore suitable cooperation opportunities and work alongside the Government of Uzbekistan in developing urban areas, sustainable transportation, and sectors that bring positive contributions to local communities.”

Uzbekistan holds a strategic position in Central Asia, with a growing economy and strong potential in urban development, infrastructure, tourism, and services. The Government of Uzbekistan is actively promoting reforms and attracting foreign investment to drive sustainable economic growth and international integration.

Vingroup is Vietnam’s leading private multi-sector corporation, operating across six core pillars: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture, and Social Enterprises, with the vision “To create a better life for people”. With its proven reputation, scale and capabilities, Vingroup is steadily expanding globally, contributing to elevate the global standing of Vietnamese enterprises.

Hashtag: #Vingroup

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Vietnam Is Shining, and Can Gio Is the Hidden Jewel Awaiting Its Moment

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CAN GIO, VIETNAM – Media OutReach Newswire – 25 December 2025 – In 2024, when Hines released its seminal report Why Asia Now, the message was simple yet profound: The world’s most compelling growth story was shifting eastward. At that time, global markets were turbulent but still predictable.

Vinhomes Green Paradise: A Hidden Gem Poised to Shine in Vietnam’s Real Estate Market.

A year later, the landscape has morphed into something far more complex, rippling with tariff shocks, persistent inflation, rising bond yields, and growth downgrades across traditional economic powerhouses. The world feels as if it is moving through a narrow channel, buffeted by waves from every direction. And yet, amid all the noise, Asia has not only held its ground but stepped forward with a clarity and confidence that few regions can match.

Why Asia Now: A New Era of Resilience, Growth, and Opportunity

The forces shaping Asia’s rise have been gathering momentum for decades. What we are witnessing now is their convergence. Asia is not simply adapting to global volatility, it is redefining the foundations of resilience and growth. Its economies are becoming wealthier, stronger, and more self-reliant, and its real estate markets are revealing layers of opportunity that long-term investors have waited years to see.

The near-term picture, though challenged, underscores this resilience. Tariffs have uneven effects, and countries with strong domestic engines such as Australia are absorbing shocks with surprising ease.

But it is the longer horizon that illuminates Asia’s true arc. The region’s working-age population and middle class have expanded at a breathtaking pace, setting the stage for decades of consumption-led dynamism. Education levels are rising, service sectors are flourishing, and manufacturing capabilities are climbing the value chain.

Meanwhile, intra-Asia trade has quietly become the backbone of global commerce, with Asia-to-Asia routes now forming the largest share of world trade. As the region turns inward, not in isolation, but in self-reinforcing collaboration, Asia ex-China is projected to contribute more to global growth than the United States and Europe combined.

Real estate, often seen as a mirror for economic sentiment, is telling a similar story. Transaction volumes across Asia have been less volatile than those in Western markets, and pricing has remained more stable, offering a predictable return profile. Supply constraints, elevated construction costs, and a decade-low pricing position relative to long-term trends are creating what can only be described as an extraordinary entry window.

Why Capital is Flowing into Vietnam

If Asia’s trajectory could be captured in a single idea, it would be the beginning of a Value Uprising, a structural rise in long-term asset worth, powered by demographics, policy, and economic integration, rather than speculation.

From this continental narrative emerges Vietnam, a nation whose ascent is increasingly impossible to ignore. Over the past decade, Vietnam has transformed from a rising star into a gravitational force for global investors. Supply chain diversification has accelerated its role as a manufacturing and logistics nexus. Even with global tariffs shifting, Vietnam’s logistics sector continues to expand in sophistication, efficiency, and international relevance. Its demographic profile, marked by a median age years younger than China, offers a demographic dividend that many Asian economies have already spent. And as Southeast Asia’s digital backbone grows, Vietnam is stepping into the spotlight as one of the region’s next major data-center markets, a signifier of future industrial depth.

Ho Chi Minh City, in particular, has entered a new chapter. Its standing among Asia-Pacific cities for investment and development has climbed steadily, reflecting not only macroeconomic resilience but the confidence of global capital. It has become a symbolic frontier, an emerging metropolis where the contours of modern Asia are being redrawn.

At the heart of Vietnam’s momentum lies another extraordinary phenomenon: The consistent and rising flow of remittances. Vietnam ranks among the world’s top recipients, and Ho Chi Minh City alone welcomed over USD 9.46 billion in 2023, USD 9.6 billion in 2024, and more than USD 5.3 billion in the second quarter of 2025.

A remarkable portion of these funds, around one-fifth, finds its way into real estate. But this is not passive investment. It is a gesture of return, of building a future homeland, of preparing for business, family, and retirement. It is long-term capital with long-term intent.

Vinhomes Green Paradise: A Hidden Gem Poised to Shine in Vietnam’s Real Estate Market

Regulatory reform is reinforcing this trust. The revised Land Law and Real Estate Business Law offer stronger protections and broader rights for Vietnamese citizens, including those living abroad. In a period where global currencies fluctuate and deposit rates decline, investors are increasingly confronting a hard truth: Holding cash is, in many cases, a slow erosion of value. As economist Can Van Luc notes, the VND has lost 3.4 percent of its value in two years, even as the USD depreciated. Real estate, therefore, is not merely an alternative, it has become one of the few asset classes capable of preserving and multiplying value in real terms.

Against this backdrop, regions entering new cycles of infrastructure development are drawing accelerated capital inflows. And among them, one name rises above all others: Can Gio.

For decades, Can Gio stood quietly at the edge of Ho Chi Minh City, an ecological jewel, admired but distant. Today, it has become the most powerful symbol of Vietnam’s coastal urban future. Massive infrastructure investment is reshaping its accessibility, and yet its real estate prices remain a fraction of central districts. Compared to Phu My Hung, Can Gio’s price base is nearly half; compared to Districts 1 and 3, just one-fifth. The gap is not a discount, it is untapped potential waiting to be realized.

The emergence of Vinhomes Green Paradise has pushed this transformation into global consciousness. As the first official participant in the New7Wonders “7 Wonders of Future Cities” campaign, the project is channeling the same catalytic energy once witnessed in iconic developments. Internationally, such recognitions do not merely elevate prestige, they accelerate valuation cycles, attract global capital, and redefine a city’s future skyline.

With its one-of-a-kind geographic formation and proximity to Can Gio’s million-year-old biosphere reserve, Vinhomes Green Paradise stands as a once-in-a-century asset. It embodies scarcity in its purest form, an asset class that cannot be replicated, reshaped, or reborn elsewhere.

And that is where the narrative converges. Asia’s rise, Vietnam’s momentum, Ho Chi Minh City’s evolution, and Can Gio’s emergence are not isolated stories. Together, they form a new investment epoch characterized by structural uplift, demographic acceleration, and a rapidly expanding middle class. It is the era of the Value Uprising, a phase in which the forces of economics, policy, population, and global capital align to propel real estate into a new price horizon.

In moments like this, markets rarely wait. History shows that investors who move early define the benchmark for everyone who follows. The question is no longer whether Asia will rise, or whether Vietnam will lead, or whether Can Gio will transform. The question, now, is whether investors will seize a moment that may not return for another generation.

Sources:

https://www.hines.com/asia-real-estate-opportunity-in-the-midst-of-uncertainty

https://knowledge.uli.org/-/media/files/emerging-trends/2026/emerging-trends-in-real-estate-2026-asia-pacific-report.pdf?rev=2036660434a44fa982b1ba913ffc2a2a&hash=87D5584C38EA219C1F1A50DC8E04FC7B

Hashtag: #Vinhomes

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