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PAObank and China Ping An Insurance (Hong Kong) Launch Strategic Partnership, Bringing Integrated Banking and Insurance Solutions, Shaping a Digital Bank with Insurance DNA

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PAObank 5th Anniversary Treasure Reward UNLOCK High-Interest Time Deposit and Travel Insurance All in One

HONG KONG SAR – Media OutReach Newswire – 15 September 2025 – PAO Bank Limited (“PAObank”), a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”; SEHK: 2318; SSE: 601318), leverages its unique competitive edge by integrating insurance into its banking services. To mark its 5th anniversary, PAObank is proud to announce a strategic partnership with China Ping An Insurance (Hong Kong) Company Limited (“CPAIHK”). This collaboration combines the strengths of both entities to create “1+1>2” synergy, delivering an integrated banking and insurance experience. PAObank has introduced its first joint initiative with CPAIHK, alongside a series of exclusive offers. We are thrilled to invite you to UNLOCK the PAObank 5th Anniversary Treasure Reward.

Redefining Protection: Integrating Banking and Insurance

PAObank is redefining the concept of protection by integrating banking and insurance services. As a member of Ping An, PAObank embodies an inherent “insurance DNA,” with a vision to collaborate with other Group affiliates to build a unique ecosystem that maximises complementary strengths. While providing banking services, PAObank aims to offer customers additional benefits and protection. The strategic partnership between PAObank and CPAIHK focuses on delivering enhanced value to customers. PAObank’s customers can enjoy banking services with additional travel insurance coverage, while CPAIHK’s customers receive exclusive deposit offers, achieving a seamless integration of insurance and banking services.

Mr. Ronald Iu, Chief Executive of PAObank, said, “As a member of Ping An, PAObank is committed to integrating insurance into our banking services. Each company within the Group carries unique strengths, enabling us to create a ‘1+1>2’ experience for our customers. Our team constantly strives to think and act one more step ahead, providing thoughtful and proactive solutions. This collaboration with CPAIHK is just the first step in our strategic blueprint, aiming to build an integrated insurance and banking ecosystem where customers can fulfil their financial needs within a single App, enjoy exclusive benefits and protection, and propels PAObank into a bank with insurance DNA.”

Mr. Kelvin Cheung, Managing Director of China Ping An Insurance (Hong Kong)
stated, “CPAIHK consistently leverages the Group’s integrated financial platform to deliver warm financial services. We are delighted to deepen our collaboration with PAObank, integrating insurance and banking services to provide our customers with superior wealth management and protection solutions.”

5th Anniversary Treasure Reward UNLOCK!

High-Interest Time Deposit & Travel Insurance! Double Returns, Level up Your Benefits!

To celebrate PAObank’s 5th anniversary, we are excited to invite you to UNLOCK the 5th Anniversary Treasure Reward! Enjoy high-interest time deposit and travel insurance in one go, along with cash rewards to celebrate this special milestone together!

Treasure Reward 1: Complete 3 Missions to Earn HKD1,000 in Cash Rewards

From now until September 30, 2025, PAObank’s customers who completed three missions may earn HKD1,000 cash rewards1!

  • Mission 1: Set PAObank as your default FPS account2
  • Mission 2: Exchange HKD5,000 to USD via the in-app FX service
  • Mission 3: Deposit HKD200,000 in new funds and place a 6-month HKD time deposit

For the customer who completed Mission 1 and Mission 2 can earn a USD9.29 cash reward3. The first 1,000 customers to complete all three missions will receive an additional HKD929 cash reward3. In other words, by completing all three tasks, you may earn a total of USD9.29 and HKD929, meaning HKD1,000 in cash rewards!

Treasure Reward 2: Enjoy Free Travel Insurance Upon Successful Account Opening

From now until September 30, 2025, new eligible individual customers of PAObank4 who successfully open a retail banking account by using the referral code【PAOBPR】will receive free travel insurance5 from CPAIHK. Additionally, they will enjoy a 18% annual interest rate6 on 1-month HKD time deposit, with a maximum deposit amount of HKD50,000.

CPAIHK customers who successfully open a PAObank retail banking account will enjoy an even higher 20% annual interest rate on 1-month HKD time deposit.

Services terms and condition applied. For details, please visit PAObank’s website at www.paob.com.hk. For enquiries, please contact our customer service hotline at 3762 9900.

1 Calculate using the rounding method.

2 Successfully register the Bank as their default receiving bank under the “Faster Payment System (FPS)” during campaign period and maintain the default receiving bank until 31 Oct 2025.

3 The reward will be credited to the eligible customer’s HKD or USD savings account with the Bank within two (2) months after the Programme Period. Eligible Customers must maintain a valid account at the time of reward distribution; otherwise, the Reward will be forfeited.

4 Eligible Customers refer to those who successfully open a savings account with PAObank from 15 September 2025 to 30 September 2025, and have not held any savings account with PAObank prior to 15 September 2025.

5 The free travel insurance (lite version) provided by China Ping An Insurance (HK) Co., Ltd. offers coverage for up to 7 days of worldwide travel and must be redeemed within 6 months from the account opening date. This policy is exclusively for the account holder and cannot be transferred to others. For more details about the travel insurance (lite version), please visit the official website of China Ping An Insurance (HK) Co., Ltd.

6 The preferential annual interest rate for time deposits will be displayed in the time deposit section of the Bank’s personal banking mobile application within three working days (excluding Saturdays, Sundays, and public holidays) after successful account opening. Eligible customers must place a 1-month HKD time deposit through the dedicated promotional section showing the preferential rate in the personal banking mobile application to enjoy the offer. If the time deposit is placed via any section other than the dedicated promotional section, the basic interest rate will apply and the preferential annual interest rate will not be granted.

Important Notes and Disclaimer for General Insurance Products

  • PAO Bank Limited (Insurance Intermediary Licence Number: [GA1067]) (“PAObank”) is an appointed insurance agent of Ping An Insurance (Hong Kong) Company Limited (“CPAIHK”). PAObank distributes general insurance products in the Hong Kong Special Administrative Region. The relevant general insurance products are products of the insurance company and not of PAObank. CPAIHK is the issuer and underwriter of the above general insurance products.
  • The role of PAObank is limited to distributing insurance products of CPAIHK. PAObank will not be responsible for any matters relating to the provision of the products.
  • PAObank does not provide any legal, accounting, or tax advice. You are advised to consult your professional advisors for advice relevant to your specific circumstances.
  • For any eligible dispute arising between PAObank and the customer out of the selling process or processing of the related transaction, PAObank is required to enter into a financial dispute resolution scheme process with the customer (as defined by the terms of the Financial Dispute Resolution Centre). However, any dispute over the contractual terms of the insurance products should be resolved directly between CPAIHK and the customer. The insurance product information is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) and is for reference only. It does not constitute an offer to sell or a solicitation to purchase or provide any insurance products within or outside Hong Kong.
  • All claims under this insurance plan must be submitted directly to CPAIHK. For claim forms, please call CPAIHK customer service hotline at (852) [2827 1883] (Hong Kong) or visit https://www.pingan.com.hk. For details, please refer to the policy contract provided by CPAIHK. All information provided by you in response to CPAIHK’s questions must be true, complete, and correct. Failure to provide true, complete, and correct information may result in CPAIHK’s inability to accept or process your application or may render the policy invalid.
  • You are reminded to carefully read the relevant insurance product materials provided to you and are advised to seek professional/independent advice if necessary.
  • Pursuant to the Insurance (Levy) Regulation (Cap. 41I) and Insurance (Levy) Order (Cap. 41J) under the Insurance Ordinance (Cap. 41), policyholders are required to pay a levy to the Insurance Authority (“IA”) effective from 1 January 2018. For details, please visit the IA’s website at https://www.ia.org.hk. For the latest information about the Insurance Complaints Bureau, please visit https://www.icb.org.hk.

Hashtag: #PAObank

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

PAO Bank Limited

PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking.

China Ping An Insurance (Hong Kong) Company Limited

China Ping An Insurance (Hong Kong) Company is equipped with a comprehensive operational framework and a professional management team. We continuously develop a diversified range of insurance services, staying attuned to market trends to provide essential general insurance products for large enterprises, small and medium-sized enterprises (SMEs), and individual customers.

With a dedication to advancing warm financial services, China Ping An Insurance (Hong Kong) successfully launched its online insurance business in 2010, ushering in a new era for the development of general insurance. Offering 24-hour online instant quotation and policy application services, customers can conveniently select the protection they and their families need anytime, anywhere.

The seamless process eliminates the need for document submission, allowing customers to complete the application in as fast as 5 minutes, with policies instantly approved and issued through an automated system. The important terms and conditions of all insurance products are transparent and clear, enabling customers to apply for or renew policies directly via the company’s website.

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Midea Hiconics Teams Up with MIA Group to Bring New Solar Tech to Pakistan

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LAHORE, PAKISTAN – Media OutReach Newswire – 24 April 2026 – Midea Hiconics is making a major push into the Pakistani market this week at Solar Pakistan 2026. From Booth A-3-8, the energy division of Midea Group is showing off its latest hardware and has just signed a key distribution deal to get its products into more homes and businesses across the country.

Hardware Built for Local Conditions

The company isn’t just showing off standard gear; they’ve brought systems specifically designed to handle the challenges of the local energy landscape.

  • PowerX1 Hybrid Inverters: Intelligent energy management, seamlessly switching between solar, battery, and grid for stable, uninterrupted power. Supports multi-source integration and rapid power transition.
  • Powerinfi All-in-one ESS: ISO 13849 PL-d and IEC 62443 certified for functional safety and cybersecurity. Features a multi-layer battery safety system within a compact design.
  • Advanced Solar & System Protection: Incorporates N-type HOT3.0 solar cell technology for enhanced low-light performance. The system boasts an IP66 rating for superior dust and water resistance.

A New Partnership with MIA Group

The big news from the show floor is the new Annual Channel Distribution Strategic Partnership with MIA Group. MIA Group is already a household name in Pakistan for HVAC and energy, and this deal means they’ll be the main bridge for Midea Hiconics’ tech to reach the local market.

“We’re excited to get to work with MIA Group,” a Midea Hiconics spokesperson said. “They have the reach and the local knowledge we need. By putting our hardware in their hands, we’re making it much easier for people here to switch to reliable, clean energy without the usual headaches.”

Media Contact:
Midea Hiconics Press Office
Website: https://www.hiconics-global.com/
Location: Solar Pakistan 2026, Booth A-3-8
Hashtag: #MideaHiconics

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

About Midea Hiconics

Midea Hiconics (SHE: 300048) has been around since 2003 and joined the Midea Group in 2020. They focus on green energy, home storage, and industrial tech, building smart tools that help people take control of their own power.

Check out https://www.hiconics-global.com/ for more info.

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Green SM And Umoney Partner To Build An Integrated Mobility And Digital Finance Ecosystem In Laos

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VIENTIANE, LAOS – Media OutReach Newswire – 24 April 2026 – Green SM Laos and Star Fintech Sole Co., Ltd (Umoney) have announced the signing of a Payment System Integration Agreement to incorporate Umoney into the Green SM application, alongside a Strategic Cooperation Agreement to develop a comprehensive digital finance and smart mobility ecosystem in Laos.

Ms. Tran Hanh An – Director of Mobility Services Sales, GSM Vietnam & Laos (left), and Mr. Ha Chien Thang – Director of Star Fintech Sole Co., Ltd, at the partnership signing ceremony.

Under the agreement, Umoney will be integrated as a direct payment method within the Green SM app. The two parties will also implement an embedded integration model enabling Umoney users to seamlessly access Green SM’s mobility services directly within the Umoney platform.

For the first time in Laos, customers will experience a fully seamless ride-hailing journey with fares processed instantly via the Umoney e-wallet upon trip completion, replacing the previously common manual bank transfer method. Users simply link their Umoney wallet to the Green SM app for fast, convenient, and fully cashless transactions. Additionally, customers using partner banking applications can pay drivers through Umoney’s QR system, delivering a flexible, fast, and secure payment experience that enhances user convenience and broadens customer reach across both platforms.

As part of the collaboration, Green SM Laos will provide comprehensive mobility solutions for Umoney’s enterprise partners and individual customers, including Green SM Car electric ride-hailing, Green SM Limo, Green SM Airport transfer services, as well as corporate travel packages and flexible, customized mobility plans. Umoney, in turn, will collaborate with Green SM to develop digital financial and payment solutions tailored for drivers within the Green SM ecosystem, encompassing e-wallet services, direct income disbursement, operational expense payments, and cash flow management tools. This synergy is designed to optimize operational efficiency while enhancing the experience for businesses, drivers, and end-users alike.

Beyond mobility and payment solutions, both parties plan to expand their shared digital services ecosystem by integrating Umoney and Unitel’s telecommunications and digital utilities into the Green SM platform, including SIM card registration, mobile top-ups, data package purchases, and other digital services, thereby enhancing the value proposition for users across both platforms.

The two companies will also jointly roll out customer benefit programs targeting Umoney users in Laos, with a particular focus on airports, transaction points, and key high-traffic locations. Through integrated service offerings and incentives promoting electric mobility, Green SM and Umoney aim to foster environmentally responsible travel habits while delivering greater value to customers within their shared ecosystem.

Mr. Ha Chien Thang, Director of Star Fintech Sole Co., Ltd, shared:”Our partnership with Green SM marks a significant milestone in Umoney’s strategy to develop a comprehensive digital finance ecosystem in Laos. The integration of payment capabilities and digital services not only enhances user convenience but also contributes to the advancement of cashless payments and the broader digital transformation of the economy.

Ms. Tran Hanh An, Director of Mobility Services Sales at Green SM Vietnam & Laos, stated: “The partnership between Umoney and Green SM reflects a shared commitment to connecting the essential infrastructures of modern urban life, from digital finance and telecommunications to a green mobility ecosystem. Through this collaboration, we aim to expand benefits for our customers and driver community while driving meaningful green transformation that is firmly grounded in everyday mobility and consumption needs.

Furthermore, Green SM and Umoney will collaborate on multi-channel communications initiatives to strengthen brand awareness and expand their combined customer base. Planned activities include co-branded campaigns, promotional programs for new users, digital platform communications, and on-ground experiential activations in key markets.

The partnership between Green SM and Umoney marks a significant convergence of two leading ecosystems in green mobility and digital finance in Laos, united in their pursuit of integrated service solutions that meet the increasingly diverse demands of modern urban life. This collaboration also represents a pivotal step toward fostering innovation, elevating the user experience, and contributing to the sustainable growth of the digital economy in Laos.

Hashtag: #GreenSM

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

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HKUST and Times Higher Education Co-Host Asia Universities Summit 2026

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Global Leaders Converge to Shape the Future of Higher Education in Asia

HONG KONG SAR – Media OutReach Newswire – 24 April 2026 – The Hong Kong University of Science and Technology (HKUST) and Times Higher Education (THE) co-hosted the Asia Universities Summit 2026 from April 22 to 24. Under the theme “Igniting Global Transformation: Asia’s Leadership,” the three-day premier event explores Asia’s pivotal role in reshaping global innovation and addressing pressing societal challenges through higher education.

The Summit holds particular significance as it coincides with HKUST’s 35th anniversary and marks a decade of partnership between the University and THE since the inaugural summit. This year’s event has attracted over 600 university presidents, policymakers, and industry titans from 25 countries and regions, underscoring a collective commitment to advancing the academic landscape across the continent.

The Summit officially commenced on April 22 at HKUST’s Shaw Auditorium, with the opening ceremony officiated by Dr. SZE Chun-Fai, Jeff, Acting Secretary for Education of the Hong Kong Special Administrative Region (HKSAR) Government; Prof. Nancy IP, President of HKUST; Phil BATY, Chief Global Affairs Officer, and Mei Mei LIM, President, Asia Pacific, from THE.

In her opening remarks, President Ip underscored the need for cross-border collaboration and the evolving role of universities in a rapidly changing world. She said, “As HKUST celebrates its anniversary and a decade of partnership with Times Higher Education, we gather at a defining moment for our region. Asia is increasingly shaping the direction of global innovation, talent development, and societal transformation. In this era of rapid technological advancement and constant change—from artificial intelligence to climate resilience—the challenge of progress lies in anticipating needs and shaping solutions, which calls for a fundamental rethinking of how universities lead. At HKUST, we firmly believe that no single institution can address these global challenges alone; progress will come through openness, partnership, and shared responsibility.

Hong Kong is unique in being the only city in the world with five universities ranked among the global top 100, underscoring its role as a leading international hub for exchange and innovation. Building on this strength, HKUST has initiated dialogues with the world’s leading universities and invited them to Hong Kong to explore opportunities for a university town. This Summit reflects our long‑standing commitment to bringing institutions together to exchange ideas, build meaningful collaborations, and take collective action. By convening leaders from across Asia and beyond, we aim to turn thoughtful dialogue into real impact for our communities and for society at large.”

Dr. SZE Chun-Fai, Jeff, highlighted Hong Kong’s unique position as an international education hub, stating, “Universities today are not only centers of knowledge creation but also powerful drivers of innovation, resilience, and societal impact. In an era of rapid technological advancement, higher education must translate cutting-edge research into real-world solutions that address global challenges. HKUST exemplifies this excellence and achieves remarkable rankings, with its entrepreneurial story equally unmatched, demonstrating the worldwide impact of its research discoveries. Hong Kong has long served as the world’s super-connector and super-value adder, bridging East and West. Our highly internationalized and diversified post-secondary education system positions us ideally to facilitate this convergence between global academic networks and the opportunities of the Chinese Mainland and the wider region. Education, technology, and talent form a foundational triad for success. By fostering talent attraction, interdisciplinary education, industry-academic partnerships, and research collaborations with our counterparts elsewhere, we are building a vibrant ecosystem that strengthens Hong Kong’s innovation edge, contributing to Asia as well as national development.”

Phil Baty reaffirmed THE’s enduring partnership of trust with HKUST and celebrated Asia’s rising global influence, stating, “A decade ago, right here on this stunning campus, THE launched its first-ever Asia Universities Summit. Today, we are witnessing a tilt in the balance of power in global higher education and research from the West to the East. This extraordinary trajectory is driven by Asia’s booming research productivity and global ambitions. Hong Kong, with five universities now ranked among the world’s top 100, stands at the heart of this transformation—a city which we believe will remain the flagship atop the rising tide across Asia, cementing its position as a world-leading powerhouse. New knowledge creation is not a zero-sum game, as we all gain from the leapfrogging Asian university sector. This Summit is a celebration of your excellence and the glorious diversity of our academic community.”

Following the opening ceremony, President Ip joined Prof. Martin O. BERGÖ, Vice-President of Karolinska Institutet, in a keynote fireside chat on longevity science. The discussion explored how advances in biomedicine, neuroscience, and translational research can extend both lifespan and healthspan, while contributing to resilient and equitable societies. President Ip shared insights from her pioneering neuroscience research, including the University’s efforts to decode the biological basis of healthy aging. She said, “Healthy aging is not just about adding years to life, but adding life to our years. We need a paradigm shift from reactive to proactive care. At HKUST, we are focused on monitoring risks for any diseases early and implementing preventive measures. Longevity science is about extending the ‘healthspan’ and as a university, we have much to offer through our research and collaborations. We are uniquely positioned to contribute to this field.”

A spotlight on the first day was a fireside chat between Prof. Harry SHUM, Chairman of the HKUST Council, and Judson ALTHOFF, CEO of Microsoft’s Commercial Business. The dialogue delved into the transformative power of AI across both industry and academia, discussing how universities can collaborate with global technology leaders to prepare students for an AI‑pervasive world. Emphasis was placed not only on technological capability, but also on trust, critical thinking and mindset change within institutions.

Prof. Shum underscored the importance of embracing AI across disciplines, “For our university, at this time, the number one priority is really a mindset change—to focus on AI for science, engineering, business, humanities, and medicine. AI is already here. We do not have to be afraid of this technology. It is a powerful new tool for us and a wonderful thing that we must learn and master to drive growth and innovation.”

Throughout the Summit, President Ip participated in two leadership meetings with over 15 university presidents and senior leaders from institutions across Asia, engaging in candid, strategy‑focused exchanges on shared regional challenges. One session examined how Asia’s emerging innovation corridors—from the Greater Bay Area to other fast‑growing technology belts—can redefine global technology leadership, with discussions centered on governance models and cross‑border collaboration. Another session focused on shaping next‑generation cities, exploring how universities can align research, talent development and policy engagement to support sustainable urban transformation amid rapid technological and societal change. These high-level dialogues emphasized the need for strategic alignment between academic research and regional development, reinforcing the Summit’s mission to leverage Asian leadership for global transformation through collaborative institutional design and shared expertise.

Across a series of high‑level sessions, HKUST senior leadership played an active role in shaping discussions on inclusive leadership, trusted AI in higher education, research commercialization, climate resilience, and global research collaboration. The sessions examined how universities can strengthen governance frameworks to ensure the responsible and ethical use of AI, while cultivating innovation ecosystems that translate research outcomes into socio-economic impact.

The dialogue also addressed strategies for nurturing entrepreneurship, climate‑proofing rapidly growing cities through interdisciplinary engineering approaches, and sustaining borderless research collaboration amid rising geopolitical and regulatory pressures. Collectively, these contributions highlighted HKUST’s commitment to advancing responsible innovation, international partnership, and university leadership attuned to Asia’s evolving challenges and global responsibilities.

The three-day event concluded with a closing ceremony, cementing new strategic partnerships and a shared vision for the future of higher education in the region.

Download photos here: https://hkust.edu.hk/news/hkust-and-times-higher-education-co-host-asia-universities-summit-2026
Hashtag: #HKUST

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

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