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Adrien Gagnon and ESDlife Survey Reveals: Nearly 60% Suffer from Both “Trouble Falling Asleep” and “Waking Easily”

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Over 80% of Employees Take Sick Leave Due to Sleep Deprivation; Mondays Are the Most Popular “Sickie” Days

  • Economic downturn: 91% of respondents feel stressed from work and life
  • 81% report frequent awakenings; 64% have trouble falling asleep – two distinct sleep problems, doctor explain
  • 78% say stress impacts sleep quality
  • 80% hope to resolve both types of sleep problems; 85% seek long-term sleep solutions
  • Dual Action Release health supplements suggested by pharmacist to tackle both sleep problems

HONG KONG SAR – Media OutReach Newswire – 5 June 2025 – As the economic outlook remains gloomy, stress levels among Hongkongers continue to rise. A recent survey shows that many locals feel overwhelmed by stress, which disrupts their sleep and creates a vicious cycle that severely affects both their emotional well-being and physical health. In light of this, Adrien Gagnon commissioned ESDlife to conduct the “Hong Kong Sleep and Stress Survey” in May 2025. The online survey interviewed 540 respondents in Hong Kong to examine sleep challenges and stress triggers. The goal was to raise awareness about sleep health and stress management, and to guide the public toward natural, long-lasting solutions to improve both “difficulty falling asleep” and “waking easily.”

Dr. Ka Yau Raymond Wong, Specialist in Psychiatry (center), Mr. Ian Cheung, Registered Pharmacist (left), and Ms. Casey Chow, Head of Media Business at ESDlife (right) participated in the “Hong Kong Sleep and Stress Survey” press conference.

81% of Workers Skip Work Due to Sleep Deprivation
Mondays Most Common for Sick Leave as Employees Create Their Own Mini-Holidays

Under mounting pressure, many employees admit to “calling in sick” just to take a breather. The survey reveals that 82% have considered taking sick leave simply to avoid work. Among them, 81% cited sleep deprivation, while 64% blamed overwhelming stress. Additionally, 64% of respondents reported having at least one “sickie” impulse per month, a sign that stress has deeply impacted their mental and physical health. When asked about their preferred sick days, the top choices were Mondays (43%), after long holidays (25%), Fridays (24%), the day after working overtime (24%), and rainy or cold days (18%). (See Table 1)

64% Struggle to Fall Asleep, 81% Wake Easily
Nearly 60% Suffer from Both Sleep Problems; 80% Seek Dual-Solution Treatments
Sleep problems top the list of modern-day work-life struggles. Among respondents, 64% reported trouble falling asleep, and a significant 81% said they wake up easily. Almost 60% experience both sleep problems simultaneously. However, 77% said they lack effective methods to address both sleep problems at once. A full 80% expressed a desire for dual action release solutions.

Psychiatrist Dr. Ka Yau Wong, Raymond explained: “Difficulty falling asleep and waking easily are two different sleep disorders. Difficulty falling asleep is usually stress-related, while waking easily may be linked to melatonin levels. Melatonin is only released in the dark, its production decreases with daylight or screen exposure. Dual action release melatonin supplements can provide extended support by releasing melatonin in two phases, helping the body fall asleep faster and stay asleep longer. To tackle both sleep problems effectively, one must manage stress and regulate melatonin to improve the sleep cycle and overall sleep quality.”

91% of Hongkongers Suffer from Stress Due to Work and Life Pressures
87% Say Stress Affects Their Sleep Quality
Beyond sleep problems, the primary reason workers want to skip work is stress. The survey found that 91% of respondents are currently dealing with stress from work and life, and 83% reported a sense of helplessness. This highlights the prevalence of stress among Hongkongers. Stress was shown to cause sleep problems (78%), irritability (58%), loss of motivation (40%), lower work efficiency (34%), and even social withdrawal (33%) (see Table 2).

Alarmingly, 76% of respondents felt more stressed this year than last, yet 40% admitted they are not addressing it and simply hoping it will resolve itself. Meanwhile, 87% noted that stress has negatively impacted their sleep quality. Dr. Wong warned: “Stress-related sleep problems needs timely attention. Prolonged avoidance of stress without proper relief could worsen the condition, increasing the risk of anxiety, depression, and further deterioration in sleep quality.”

85% Seek Long-Lasting Sleep Solutions
Pharmacist Recommend Dual Action Release Supplements for Dual Sleep Problems
With nearly 60% experiencing both difficulty falling asleep and waking easily, 85% of respondents said they are looking for long-lasting sleep solutions. Registered pharmacist Mr. Ian Cheung advised: “Those dealing with dual insomnia problems may benefit from melatonin supplements with a ‘dual action release’ formula for comprehensive effect. These supplements provide an initial fast release to help you fall asleep, followed by a slow, sustained release that maintains melatonin levels overnight, tackling both early and mid-sleep disturbances. Some dual action release melatonin products combine Western herbal ingredients to address stress-related insomnia. If your sleep problems are caused by stress, consider formulas that include calming Western herbs.”

Nearly 60% Are Aware of Western Herbs for Stress Relief
72% Will Consider Herbal Supplements for Stress Reduction
When it comes to stress and sleep improvement, most respondents prefer natural solutions. “Western herbs like Eschscholzia californica and Hops are scientifically proven to ease stress and anxiety,” Cheung explained. “They can help improve sleep quality and are suitable for those who prefer natural remedies. Reducing stress naturally can prevent work avoidance and maintain daily function.”

The survey also revealed that 59% of respondents were aware that Western herbal supplements can aid in sleep and stress relief. When selecting health supplements, 63% prefer Western brands, and 72% are willing to try herbal ingredients for stress relief. Cheung added, “If symptoms persist despite using natural products, professional medical consultation should be considered.”

For more information, please visit:
https://www.adriengagnon.com.hk/en/product?category=sleep-and-stress&group=

Appendix
Table 1: Most Popular Days for Taking Sick Leave (“Sickies”)

Most Popular Days for Taking Sick Leave (“Sickies”) Percentage
Monday 43%
After long holidays 25%
Friday 24%
Day after working overtime 24%
Rainy/cold days 18%
Wednesday 15%
Meeting-heavy days 11%
Thursday 9%
Deadline days 8%
Tuesday 7%

* Multiple answers allowed

Table 2: Impact of Stress on Sleep and Daily Life

Stress Symptoms Percentage
Sleep problems / insomnia 78%
Irritability 58%
Wanting to skip work 47%
Loss of motivation 40%
Lower work efficiency 34%
Social withdrawal 33%

* Multiple answers allowed

Table 3: Key Factors in Choosing Western Herbal Supplements

Consideration Percentage
Product safety and certification 28%
Ingredient transparency 22%
Effectiveness & longevity (e.g., dual action release) 11%

* Multiple answers allowed

Hashtag: #AdrienGagnon

The issuer is solely responsible for the content of this announcement.

About Adrien Gagnon

Founded in 1946 by renowned naturopathy expert Mr. Adrien Gagnon, the ADRIEN GAGNON brand is one of the renowned and sizable natural health companies with long history in Quebec, Canada. With more than 160 products on the market, ADRIEN GAGNON brand is synonymous with high quality and has repeatedly set the bar for superior health products in terms of value, selection and brand recognition. ADRIEN GAGNON’s plant in Canada is accredited with Good Manufacturing Practice (GMP). ADRIEN GAGNON has become one of the trusted health supplement brands

About ESDlife

ESDlife, a joint venture of CK Hutchison (formerly Hutchison Whampoa) and Hewlett-Packard HK SAR, operates the award-winning website (www.esdlife.com) and establishes it as one of the most popular and trusted online lifestyle media in Hong Kong. The online platform of ESDlife is furnished with a wide range of lifestyles information under the categories of Wedding, Family, Health and Anniversary. In addition to the prominent No. 1 position of its Wedding Channel in Hong Kong, an e-commerce platform is provided to consumers by offering medical check-up ordering services. ESDlife also delivers integrated marketing and digital solutions to diversified corporate clients.

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Results of the IX Digital Asset Industry Classification System (“DAICS®”) 2H 2025 Review

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HONG KONG SAR – Media OutReach Newswire – 18 December 2025 – IX Asia Indexes today announced the 2nd Half 2025 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens (ABTs) in a 3-tier system for each category. For Cryptocurrencies: Tier 1-Industry/ Tier 2-Sector/ Tier 3-Sub-sector; and for ABTs: Tier 1-Asset Type/ Tier 2-Branch/ Tier 3-Sub-branch. The results are as follows:

  • DAICS® coin coverage: As of 3rd December, the top 50 coins by average market capitalization across the past 90 days
  • DAICS® market capitalization coverage: 96.98%*
  • The % coverage of market capitalization of the 50th ranked coin: 0.048%**
  • Member changes within the Top 50 Coins in DAICS®: eight coins added and nine coins deleted
  • Additions: Zcash (ZEC), World Liberty Financial USD (WUSD), PayPalUSD (PYUSD), Memecore (M), Worldcoin (WLD), Story (IP), Arbitrum (ARB), KuCoin (KCS)
  • Deletions: Mantra (OM), GateToken (GT), Official Trump (TRUMP), VeChain (VET), Render (RENDER), First Digital USD (FDUSD), Filecoin (FIL), Cosmos (ATOM), Algorand (ALGO)
  • 9 Green Coins labelled: Cronos (CRO), Pi (PI), Internet Computer (ICP), Hedera, Sui (SUI), Toncoin (TON), Arbitrum (ARB), Mantle (MNT), Tron (TRX)

Note:
*Special currency treatment of DAICS® applies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS®

**Based on 3rd December 2025
G: Green Coin

The rankings of additions and deletions for the DAICS® top 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 23rd January 2026, with market capitalization, rankings, and weightings available at www.ix-index.com.

1. Cryptocurrencies

1.1. Structure and Definitions

Tier 1: Industry Changes
The industry groups remain unchanged, with 5 industries and the respective weightings as follows:

Industry Weighting (%)
Payment (110) 73.87%
Infrastructure (120) 19.89%
Financial Services (130) 4.82%
Tech & Data (140) 0.22%
Media & Entertainment (150) 1.20%

Tier 2: Sector Changes
The number of sectors has increased from 17 to 18. There is one new sector added under the industry group “Tech & Data (140)”:

Identification (14040)
Definition: Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token.

1.2. Reclassification Changes
This review doesn’t have any reclassification of the existing coins. The DAICS® 2H 2025 cryptocurrencies classification is available in Appendix 2.

1.3. Green Coin Label
This review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. The coins selected rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICS® constituents. The top 20 percentile’s threshold in this review is ≤ 0.150 Wh. The table below lists these low-energy coins.

Industry Low Energy-per-transaction (≤ 0.150 Wh)
Payment (110) CROG
PIG
Infrastructure (120) ICPG
SUIG
ARBG
TRXG
HBARG
TONG
MNTG
Financial Services (130) NIL
Tech & Data (140) NIL
Media & Entertainment (150) NIL


Note: G as ‘Green Coin‘ labelling for cryptocurrencies that adhere to the principles of sustainability

2. Asset Backed Tokens (ABT)

2.1. Structure and Definitions

Tier 1: Asset Type Changes
The asset types remain unchanged at 6 as follows:
1) Culture (205),
2) Real Estate (215),
3) Financials (235),
4) Entertainment (255),
5) Natural Resources (265), and
6) Green Economy (275)

Tier 2: Branch Changes
The number of branches has increased from 31 to 32, with a new branch added under Financials (235): Tokenized funds (23540).

2.2. Classification Changes
This review doesn’t have any reclassification of the existing assets.

2.3. Coverage of DAICS®
A classification summary and definition table of both cryptocurrencies and ABTs are available in Appendices 3 and 4. For further information regarding the methodology of the DAICS®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.

For more details on DAICS® qualification criteria, please email [email protected].

Appendix 1

Additions and Deletions in DAICS® Top 50 Cryptocurrencies

Additions
Current Rank Cryptocurrencies
28 Zcash (ZEC)
31 World Liberty Financial USD (WUSD)
41 PayPal USD (PYUSD)
45 MemeCore (M)
46 Worldcoin (WLD)
49 Story (IP)
50 Arbitrum (ARBG)
51 KuCoin (KCS)

Deletions

Prev. Rank Cryptocurrencies Current Rank
34 Mantra (OM) 300+
41 GateToken (GT) 67
43 OFFICIAL TRUMP 56
45 VeChain (VET) 55
46 Render (RNDR) 58
47 First Digital USD (FDUSDG) 71
48 Filecoin (FIL) 61
50 Cosmos (ATOM) 54
51 Algorand (ALGO) 52

G: Green Coin

Appendix 2

Classification of the Top 50 Coins by Industry and Sector
Category

Industry Sector Cryptocurrencies
Cryptocurrencies (1) Payment:

Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.

Transaction & Payment BTC
XRP
BCH
XLM
LTC
XMR
CROG
ZEC
PIG
KAS
Stablecoin USDT
USDC
USDe
DAI
WUSD
PYUSD
Infrastructure:

Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc

Application Development Protocol & Smart Contract ETH
SOL
TRXG
ADA
HYPE
SUIG
AVAX
HBARG
TONG
NEAR
ETC
APT
ICPG
Interoperability LINK
DOT
ATOM
Scaling & Sharding MNTG
ARBG
POL
Supporting System NIL
Financial services:

Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services

Exchange Tokens BNB
LEO
BGB
UNI
OKB
KCS
Lending & Borrowing AAVE
Staking ENA
Financial Asset Tokenization ONDO
Tech & Data:

Provision of data management and storage, and development of innovative crypto technology

Storage & Sharing NIL
Data Management NIL
Artificial Intelligence TAO
Identification
(NEW)
WLD IP
Media & Entertainment:

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media & Community DOGE
SHIB
PEPE
M
Streaming NIL
Gaming NIL
Metaverse NIL

Note:
G as ‘Green Coin‘ for cryptocurrencies that adhere to the principles of sustainability

NEW for newly added sector

Appendix 3

DAICS® Industry and Sector Definition

Category Industry Sector Sector definition
Cryptocurrencies (1) Payment: (110)

Definition
Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.

Transaction & Payment
(11010)
Cryptocurrencies that are used for store of value, unit of account, medium of exchange
Stablecoin
(11020)
Cryptocurrencies where price is pegged to a / a basket of, reference asset
Infrastructure: (120)

Definition
Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc.

Application Development Protocol & Smart Contract
(12010)
layer-1 blockchain network that facilitates DApp creation and smart contract execution and smart contract
Interoperability
(12020)
Network that increases inter-connectivity and integration of the fragmented cryptocurrency ecosystem
Scaling & Sharding
(12030)
Networks that increase the ability to cope with the influx of many transactions at a time and blockchain network that can be split into smaller partitions, to improve scalability and process transactions quicker
Supporting System
(12040)
Networks/sidechains that improve functionality of layer-1 network
Financial services: (130)

Definition
Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending, and other capital markets related services

Exchange Tokens
(13010)
Cryptocurrencies that represent the stable coin in the exchange ecosystem and allow users to covert from digital asset on decentralised or centralised system int fiat currencies
Lending & Borrowing
(13020)
Borrowing and lending crypto assets with interest in return and other secondary financial tools derived from primary underlying asset, such as crypto futures and options
Staking
(13030)
Holding and “staking” of certain amount of cryptocurrency in a wallet to facilitate network operations
Financial Asset Tokenization (13040)

Cryptocurrencies/protocols that focus on the tokenized issuance and management of financial assets
Tech & Data: (140)

Definition
Provision of data management and storage, and development of innovative crypto technology

Storage & Sharing
(14010)
Crypto protocols that provide decentralized storage and/or sharing of data filing and resources.
Data Management
(14020)
Networks/Protocols that facilitate the indexing and querying of data from blockchain(s), enabling efficient data retrieval and management for decentralized applications
Artificial Intelligence
(14030)
Cryptos/Protocols that facilitate the use of AI powered apps or projects directly using blockchain platform.
Identification
(14040) (NEW)
Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token.
Media & Entertainment: (150)

Definition
Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media & Community
(15010)
Cryptos that provides mast social community and followers without a close secondary industry sector
Streaming
(15020)
Cryptos that provides rights to access decentralised video-streaming sites
Gaming
(15030)
Cryptos which mainly used in gaming or gaming supporting industry
Metaverse
(15040)
Cryptos that is commonly used in collective virtual open space, created by the convergence of virtually enhanced physical and digital reality. This includes the use of VR and/or AR and/or 3D.

Note: NEW for newly added sector

Appendix 4

DAICS® Asset Type and Branch Definition
Category

Asset Type Branch Sub -branch
Asset-Backed Tokens (2) Culture: (205)

Definition
Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc.

Art
(20510)

This shall be further developed in the future with more digital assets available in the market

Sports
(20520)
Festive Collectibles
(20530)
Design IPs
(20540)
Drama and Play IPs
(20550)
Real Estate:(215)

Definition
Assets that mainly derived its valuation from property, real estate, and land

Commercial Property
(21510)
Residential Property
(21520)
Governmental Property
(21530)
Residential and Commercial Land
(21540)
Financials: (235)

Definition
Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi).

Tokenised Securities (Company Securities, ETF)
(23510)
Tokenised Debts
(23520)
Tokenised REITs
(23530)
Tokenised Funds(NEW)
(23540)
Entertainment: (255)

Definition
Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, games, events and programs, and souvenir collectibles that is derived from the above areas.

Movies
(25510)

This shall be further developed in the future with more digital assets available in the market

Songs
(25520)
Concerts
(25530)
Gaming
(25540)
All Other Entertainment Events and Collectibles
(25550)
Natural Resources: (265)

Definition
Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals.

Precious Metals
(26510)
Agricultural
(26520)
Energy
(26530)
Metals
(26540)
Green Economy (275)

Definition
Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives.

No Poverty & Zero Hunger
(27510)

Following definition of the United Nations
17 sustainable development goals²

Good Health and Well-Being
(27520)
Quality Education
(27530)
Gender Equality
(27540)
Clean Water and Sanitation/Affordable and Clean Energy
(27550)
Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals
(27560)
Reduced inequalities/ Peace, Justice and Strong Institutions
(27570)
Sustainable Cities and Communities/Responsible Consumption and Production
(27580)
Climate Action
(27590)
Life Below Water & Life on Land
(27500)

Note: NEW for newly added branch

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals

The issuer is solely responsible for the content of this announcement.

About DAICS®

DAICS® covers both cryptocurrencies and asset-backed tokens (“ABTs”), to be reviewed semi-annually at the end of June and December. On the cryptocurrency side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data, and 5) Media & Entertainment. These industries are further divided into sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into branches and sub-branches to be introduced in the future.

About the IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenization Advisory Committee (“Advisory Committee”) is to pursue the goal and vision of formulating a standard for a global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guidelines and references for tokenization in terms of infrastructure, business, financial stability, sustainability, internal control, and classification. The Advisory Committee is comprised of industry-recognised leaders from blockchain consultancy, sustainable projects, and the field of the Art industry.

The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.

For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit .

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Hong Kong Chinese Women’s Club College Wins Gold Award at the 2025 Hang Lung Mathematics Awards

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Hang Lung’s Vision for Academic Excellence Drives Hong Kong’s Global Competitiveness

HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 17 December 2025 – The winners of the 2025 Hang Lung Mathematics Awards (“HLMA”), co-organized by Hang Lung Properties Limited (SEHK Stock Code: 00101) (“Hang Lung” or the “Company”) and the Hong Kong University of Science and Technology (“HKUST”), have been announced. Siu Man Li from the Hong Kong Chinese Women’s Club College received the Gold Award for his research report titled “Markov Chains Associated with Ultraspherical Polynomials: An Analysis of Weak Convergence and First Passage Time Functionals”.

Dr. Choi Yuk-lin, Secretary for Education of the Hong Kong Special Administrative Region (left) and Professor Richard Schoen, Chair of the 2025 HLMA Scientific Committee (right) present the Gold Award to winner Siu Man Li from Hong Kong Chinese Women’s Club College at the 2025 Hang Lung Mathematics Awards.

The Silver Award and the Bronze Award were won by Augus Kui Lam Huang, Inna Belle Lee, Chun Lam Lo, Lok Hei Qiao, and Cheuk Lok Wong from St. Paul’s Co-educational College, and Edison Sze Ho Fu, Yun Tung Ko, Hoi Chun Puk, and Wai Kwan Yeung from Queen’s College, respectively. All winning teams demonstrated exceptional problem-solving abilities, creativity, and academic rigor evident in their work on challenging mathematical topics.

The awards were presented at tonight’s ceremony, celebrating the remarkable achievements of the student finalists and reaffirming HLMA’s sustained contribution to advancing STEM education in Hong Kong. In her opening remarks, Dr. Choi Yuk-lin, JP, Secretary for Education of the Hong Kong Special Administrative Region, said, “The Hang Lung Mathematics Awards not only honours mathematical endeavours, but also reflects its enduring commitment to inspiring a continued passion for mathematics among our students and nurturing Hong Kong’s young talents. This aligns well with the promotion of self-directed learning, problem solving and creativity in Hong Kong’s school education. I hope all of us in the society can join hands in the promotion of digital education and mathematical modelling for the benefit of our students.”

Mr. Adriel Chan, Chair of Hang Lung Properties, also addressed the audience, stating, “As we celebrate the winners of the Hang Lung Mathematics Awards, we are reminded that talent development is a long-term investment. HLMA embodies our commitment to nurturing the next generation of thinkers and leaders who will navigate an increasingly complex world. We are heartened by the strong support from students, schools, and the academic community, which reinforces our shared mission to advance mathematics education and push the boundaries of excellence. Together, we are empowering young minds to pursue their passion and unlock their potential in mathematics, science, and technology.”

Professor Nancy Ip, President of HKUST, said, “HKUST is pleased to continue our partnership with Hang Lung in this biennial competition. Hang Lung Mathematics Awards is more than an academic contest; it is a platform that challenges students to push the boundaries of their knowledge and apply rigorous methodology to original research. By cultivating a community of aspiring mathematicians and providing them with access to world-class training, we are advancing our shared vision of transforming Hong Kong into a global hub for innovation and technology.”

A group photo of the winning teams of the 2025 Hang Lung Mathematics Awards with Dr. Choi Yuk-lin, Secretary for Education of the Hong Kong Special Administrative Region; Mr. Ronnie C. Chan, Honorary Chair of Hang Lung Properties; Mr. Adriel Chan, Chair of Hang Lung Properties; Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties; Kenneth Chiu, Chief Financial Officer of Hang Lung Properties; Professor Nancy Ip, President of HKUST; Professor Richard Schoen, Chair of the HLMA Scientific Committee; Professor Ngaiming Mok, Chair of the HLMA Steering Committee; and members of the Scientific Committee, Steering Committee, Executive Committee, and Screening Panel.
A group photo of the winning teams of the 2025 Hang Lung Mathematics Awards with Dr. Choi Yuk-lin, Secretary for Education of the Hong Kong Special Administrative Region; Mr. Ronnie C. Chan, Honorary Chair of Hang Lung Properties; Mr. Adriel Chan, Chair of Hang Lung Properties; Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties; Kenneth Chiu, Chief Financial Officer of Hang Lung Properties; Professor Nancy Ip, President of HKUST; Professor Richard Schoen, Chair of the HLMA Scientific Committee; Professor Ngaiming Mok, Chair of the HLMA Steering Committee; and members of the Scientific Committee, Steering Committee, Executive Committee, and Screening Panel.

During the ceremony, a lively Panel Discussion was held on the theme of “Ubiquity of Mathematics: the Language of Discovery.” The discussion featured Professor Richard Schoen, 2017 Wolf Prize Laureate in Mathematics and Chair of the 2025 HLMA Scientific Committee, and Professor Ngaiming Mok, 2022 Future Science Prize Laureate, Chair of the HLMA Steering Committee and member of the Scientific Committee. Moderated by Ms. Jennifer Zhu Scott, Co-founder and Chief Executive Officer of Power Dynamics, the distinguished speakers shared their insights on the evolving landscape of mathematics education and the essential skills required for the next generation to thrive in a technology-driven era.

The 2025 Hang Lung Mathematics Awards attracted the participation of close to 100 teams from over 50 secondary schools in Hong Kong. Under the guidance of a supervising teacher, each team decided on a mathematics topic, designed and conducted research, and compiled their findings into a research report. This impactful initiative is pivotal in the cultivation of future mathematical and scientific minds.

Appendix

Founded in 2004, the Hang Lung Mathematics Awards is a biennial competition that inspires secondary school students to formulate their own research journey and realize their creative potential in mathematics. Throughout its illustrious history, 2,800 students from over 200 schools have participated, submitting more than 500 research reports. Hang Lung donates HK$2.5 million for each competition—HK$1 million is allocated as prize money with the remainder supporting HKUST in providing vital initiatives including academic consultation, assessment, administration, and educational outreach activities. HKUST also offers scholarships for teachers nominated by the winning schools to further their studies through the Master of Science Program in Mathematics for Educators.

Over the past two decades, the HLMA has made a profound impact on cultivating young mathematical talent, with many past winners having gone on to graduate from top universities worldwide and now contributing significantly to society through work in academia and professional fields. HLMA plays an important role in recognizing and fostering a lasting love of mathematical inquiry that extends far beyond secondary school.

This year, the Hang Lung Mathematics Awards drew participation from nearly 100 teams across over 50 secondary schools in Hong Kong. A total of 15 teams were shortlisted for the Oral Defense stage, where a Scientific Committee comprising internationally renowned scholars and educators evaluated the research reports through a rigorous, multi-step review process. The teams were invited to present and defend their findings before the Scientific Committee in a formal setting, an experience that closely resembles the oral defense process required for a postgraduate degree.

For a detailed list of winners of the 2025 Hang Lung Mathematics Awards, please refer to the attachment.

Attachment

List of Winners of the 2025 Hang Lung Mathematics Awards

Award
Research Title
Team Member(s)
Teacher
School Name
Gold
Markov Chains Associated with Ultraspherical Polynomials:
an Analysis of Weak Convergence and First Passage Time Functionals
Siu Man Li
Mr. On Ping Chung
Hong Kong Chinese Women’s Club College
Silver
Incentric Subdivisions of Triangles and Iterated Function Systems
Augus Kui Lam Huang
Inna Belle Lee
Chun Lam Lo
Lok Hei Qiao
Cheuk Lok Wong
Mr. Pak Leong Cheung
St. Paul’s Co-educational College
Bronze
On the Generalisations of the No-Three-in-Line Problem
Edison Sze Ho Fu
Yun Tung Ko
Hoi Chun Puk
Wai Kwan Yeung
Mr. Hang Chun Chan
Queen’s College
Honorable Mentions (listed by school name in alphabetical order)
Research Title
Team Member(s)
Teacher
School Name
On the Number of Multiplicative Type En Friezes
Lok Him Chan
David Kai Hei Gu
Sui Ping Tang
Ho Wong
Mr. Yuk Lun Fong
HKUGA College
What Can You Split and Draw?
Triton Cheuk Lok Kho
Eron Ching Long Kwok
Man Hei Tung
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Justin Haisong Wang
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Tsz Hei Chiu
Alex Sheung Fai Lam
Hin Chun Lee
Jamie Chun Hin Ng
Ka Lam Tang
Dr. Wai Shan Cheung
St. Joseph’s College
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Joshua Cheung
Haoyang Dong
Jizheng Li
Ming Ze Li
Maximilian Ng
Mr. David Bian
Victoria Shanghai Academy

Hashtag: #HangLungProperties

The issuer is solely responsible for the content of this announcement.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) () is a world-class university known for its innovative education, research excellence, and impactful knowledge transfer. With a holistic and interdisciplinary pedagogy approach, HKUST was ranked 6th in the QS Asia University Rankings 2026, 3rd in the Times Higher Education’s Young University Rankings 2024, and 19th globally and 1st in Hong Kong in the Times Higher Education’s Impact Rankings 2025. Thirteen HKUST subjects were ranked among the world’s top 50 in the QS World University Rankings by Subject 2025, with “Data Science and Artificial Intelligence” coming in 17th worldwide and first in Hong Kong. Our graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. In terms of research and entrepreneurship, over 80% of our work was rated “internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of the Hong Kong’s University Grants Committee. As of July 2025, HKUST members have founded over 1,900 active start-ups, including 10 Unicorns and 17 exits (IPO or M&A).

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Media OutReach

Lever Style Announces Seventh Acquisition Since IPO, Continuing Group Expansion in the Global Apparel Supply Chain Sector

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Active Apparel Group Strengthens Lever Style’s Activewear Capabilities

HONG KONG SAR – Media OutReach Newswire – 17 December 2025 – Lever Style Corporation (HKEX: 1346, “Lever Style”), has acquired designated assets from Active Apparel Group (“AAG”) through an asset purchase agreement. This marks Lever Style’s seventh acquisition since its initial public offering in 2019. This transaction strengthens Lever Style’s activewear expertise.

Active Apparel Group is a well-established apparel specialist with 38 years of experience serving premium global brands, and deep expertise across activewear, outerwear, and swimwear. AAG’s activewear segment is the fastest growing one in the apparel industry, and it complements Lever Style’s existing strength in the fashion segment. AAG’s product sophistication and customer tier are also on par with Lever Style’s premium positioning, enabling cross-selling opportunities in other product categories and enhancing operating leverage.

Lever Style already has a strong foundation in activewear and performance apparel, serving leading global brands such as Arc’teryx, Columbia Sportswear, Helly Hansen, Spanx, Skims, and J.Lindeberg. The Group also works with a broad portfolio of premium and contemporary brands including Alexander Wang, Theory, Todd Snyder, and others, as well as digitally native brands such as Bonobos and Ministry of Supply.

Active Apparel Group is a production partner for leading technical and lifestyle apparel brands, including Greyson, Johnnie-O, Sun Day Red, Boggi, and Bandit Running.

With the US market rocked by tariffs and Europe still mired in war, 2025 has become a challenging year for the apparel industry. Given the increasing risk of a tariff-induced US recession in 2026, the Group has put more focus on pursuing inorganic growth.

“Bad times are the best times to buy” said Stanley Szeto, Executive Chairman of Lever Style. “This acquisition strengthens our activewear expertise and enables us to deliver greater value to our clients across an even broader range of product categories.”

For more details, please visit: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1217/2025121701296.pdf

Hashtag: #LeverStyle


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