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Results of the ixCrypto Index Series Quarterly Review (2026 Q2) & IX Digital Asset Industry Index Series Half Yearly Review (2026 1H)
1. Constituent Review – ixCrypto Index Series
1.1. ixCrypto Index (“IXCI”)
The number of constituents will remain unchanged at 19 with 1 addition and 1 deletion.
Additions
1. Gram (prev. Toncoin)
Deletions
1. Shiba Inu
After the change, the free float adjusted market capitalization coverage is 83.17%* (excluding stablecoins, which have 11.95% of the total crypto universe), while the 90-day-average volume is 64.34%*. The constituents change above and recapping at 40% will take effect on the effective date.
The 90-day-average volume coverage for the first time since 2018 has dropped by over 10% compared to last quarter; This is due to Bitcoin and Ethereum’s trading volume dropping by over 24% in Q2. There is currently no consistency on different leading crypto-volume-tracking sources (CoinMarketCap & CoinGecko). CoinGecko showed an abnormal trading volume of USDT between 1 April to 9 April, which is approximately 81,164 times the average volume of the remaining period in Q2. Based on the two sources mentioned above, the combined average trading volume of stablecoins within the top 19 rankings was approximately 1.88 to 2.01 times the aggregate volume of the IXCI constituents. *
Since the last review, there has been a decrease in the crypto total market capitalization from USD2.62T to USD2.43T (-7.29%)#, and a decrease in the daily volume from USD108.17B to USD96.89B (-10.43%)#. Bitcoin remains the largest crypto in the constituent list, with its price decreased by 9.83% since the last review.
1.2 ixCrypto Portfolio Indexes
1.2.1 ixCrypto 5 Equal Weight Index (“IXEW5”) and ixCrypto 5 Square Root Index (“IXSR5”)
Additions
No addition
Deletions
No deletion
1.2.2 ixCrypto 10 Equal Weight Index (“IXEW10”) and ixCrypto 10 Square Root Index (“IXSR10”).
Additions
- Zcash
Deletions
- Bitcoin Cash
1.2.3 ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 SR Index (“IXASR10”).
Additions
- Zcash
Deletions
- Monero
1.3 ixCrypto BTC/ETH Indexes
As of the cut-off date on 30th June 2026, the ixCrypto BTC/ETH 50/50 Index (“IX5050”) maintains a 50%/50% weighting for the ixBitcoin Index (IXBI) and ixEthereum Index (IXEI). The ixCrypto BTC/ETH Proportional Index (“IXPI”) has a weighting of 84.53% and 15.47% for IXBI and IXEI, respectively.
At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 86.12% and 13.88% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date.
2. Constituent Review- IX Digital Asset Industry Index Series
2.1 ixCrypto Stablecoin Index
The number of constituents will remain at 5. Stablecoin comprises 11.95% of the total crypto universe, and ixCrypto Stablecoin Index covers around 97.42% of the 90-day average market capitalization in the stablecoin universe.
Additions
No addition
Deletions
No deletion
2.2 ixCrypto Infrastructure Index
The number of constituents will decrease from 19 to 17 with 2 additions and 4 deletions.
Additions
- Canton
- Aster
Deletions
- Aptos
- Polygon
- Arbitrum
- Cosmos
3. Exchange Review
As a result of exchange review, 8 out of 10 Q1 selected exchanges passed the review process, which are as follows:
Passed Exchanges
- Binance
- Pionex
- BitMart
- Bybit
- CoinW (ADDITION)
- LBank
- OrangeX (ADDITION)
- Gate.io
- Coinbase Exchange
- KuCoin
Removed Exchanges
- MEXC
- Crypto.com Exchange
The selected 10 exchanges will be used to generate each of the fair average prices for the IX indexes’ constituents. The exchange review covers volume rankings, exchange background checks, founders’ background checks, USD/USDT/USDC/USDe/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange.
For more details about our exchange selection criteria, please email in**@******ex.com. More information on the ixCrypto Indexes, including their constituents and constituents’ weights, is provided in the Appendices, or refer to the website https://ix-index.com/.
*Exclude stable coins and exchange coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020)
**The lower estimate of 1.88 times excludes CoinGecko’s USDT volume data from 1–9 April 2026 because the reported average was approximately 81,164 times higher than the average recorded during the remaining review period from 10 April to 30 June 2026. The figures were therefore treated as an apparent data anomaly.
#As of 30thJune 2026, based on the past 90 days average
XXXX (ADDITION)Newly introduced exchanges as of 2026 Q2
4. Changes in IAC Members
IX Asia Indexes today announced Mr. Samuel Ho, a member of IX Asia Index Advisory Committee (“the Committee”), will retire today upon completion of his term.
Mr. Ho joined the Committee in July 2022 and has made valuable contributions to the development of IX Asia Indexes over the past four years. IX Asia Indexes and the Committee would like to express their sincere gratitude to Mr. Ho and wish him well in his next endeavours.
Appendix 1
| Universe | All crypto coins traded in at least two different exchanges around the world |
| Selection Criteria | Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume |
| Number of Constituents | 19 in Q2 2026 |
| Launch Date | 12th December 2018 |
| Base Date | 3rd December 2018 |
| Base Value | 1,000 |
| Reconstitution Rule | If the coverage is below 75% or any of the constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening. |
| Reconstitution and Rebalancing Frequency | Quarterly and with a fast entry rule |
| Weighting Methodology | Free float adjusted market capitalization weighted with a cap of 40% |
| Currency | US Dollar |
| Dissemination | Every 5 seconds for 24×7
(On Bloomberg, Reuters and major information vendors) |
| Website | https://ix-index.com/ |
| Bloomberg Page | IXCI <GO> |
| Crypto | 90-day-average-
Market Cap |
90-day-average-
Volume |
Cut-off
Price |
Cumulative
Market Coverage |
Weighting (%) After 40% Cap# | |
| 1 | Bitcoin | $1,437,866,706,756 | $33,181,626,289 | $60138.38 | 59.26% | 40.00% |
| 2 | Ethereum | $247,856,976,759 | $15,563,037,468 | $1610.21 | 69.47% | 23.86% |
| 3 | BNB | $83,938,543,131 | $1,503,565,976 | $558.66 | 72.93% | 9.25% |
| 4 | XRP | $80,628,679,921 | $2,074,528,476 | $1.0573 | 76.25% | 8.08% |
| 5 | Solana | $46,493,085,103 | $3,834,022,970 | $74.95 | 78.17% | 5.34% |
| 6 | TRON | $31,617,610,754 | $673,264,881 | $0.32 | 79.47% | 3.74% |
| 7 | Dogecoin | $15,539,770,815 | $1,205,691,494 | $0.07 | 80.11% | 1.54% |
| 8 | Hyperliquid | $13,104,476,721 | $618,560,420 | $66.82 | 80.65% | 2.08% |
| 9 | Cardano | $8,112,001,743 | $453,258,115 | $0.15 | 80.99% | 0.65% |
| 10 | Zcash | $7,388,518,126 | $744,232,164 | $407.17 | 81.29% | 0.84% |
| 11 | Bitcoin Cash | $7,083,311,694 | $238,541,540 | $200.50 | 81.58% | 0.49% |
| 12 | Monero | $6,633,996,866 | $125,041,958 | $315.86 | 81.86% | 0.73% |
| 13 | Chainlink | $6,469,560,543 | $444,890,104 | $7.37 | 82.12% | 0.66% |
| 14 | Stellar | $5,920,450,099 | $303,987,278 | $0.17 | 82.37% | 0.73% |
| 15 | Gram (prev. Toncoin) | $4,378,562,527 | $270,757,814 | $1.60 | 82.55% | 0.53% |
| 16 | Litecoin | $3,966,644,330 | $257,209,413 | $43.08 | 82.71% | 0.41% |
| 17 | Hedera | $3,755,084,462 | $81,962,580 | $0.07 | 82.87% | 0.38% |
| 18 | Avalanche | $3,667,916,247 | $273,645,491 | $6.66 | 83.02% | 0.35% |
| 19 | Sui | $3,622,445,395 | $488,747,009 | $0.70 | 83.17% | 0.35% |
As of 30 June,2026
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website
| Index Constituent | ixCrypto 5 EW Index | ixCrypto 5 SR Index | ixCrypto 10 EW Index | ixCrypto 10 SR Index | ixCrypto Altcoin 10 EW Index | ixCrypto
Altcoin 10 SR Index |
|
| 1 | Bitcoin | 20.00% | 48.19% | 10.00% | 38.53% | – | – |
| 2 | Ethereum | 20.00% | 19.35% | 10.00% | 15.47% | 10.00% | 24.28% |
| 3 | BNB | 20.00% | 12.04% | 10.00% | 9.63% | 10.00% | 15.12% |
| 4 | XRP | 20.00% | 11.26% | 10.00% | 9.00% | 10.00% | 14.13% |
| 5 | Solana | 20.00% | 9.16% | 10.00% | 7.32% | 10.00% | 11.49% |
| 6 | TRON | – | – | 10.00% | 6.12% | 10.00% | 9.61% |
| 7 | Dogecoin | – | – | 10.00% | 3.92% | 10.00% | 6.16% |
| 8 | Hyperliquid | – | – | 10.00% | 4.56% | 10.00% | 7.16% |
| 9 | Cardano | – | – | 10.00% | 2.55% | 10.00% | 4.01% |
| 10 | Zcash | – | – | 10.00% | 2.90% | 10.00% | 4.55% |
| 11 | Bitcoin Cash | – | – | – | – | 10.00% | 3.49% |
As of 30 June 2026
| Crypto | 90-day-average Crypto
Market Cap |
90-day-average Crypto
Volume |
Index Level | Weight in BTC/ETH 50/50 | Weight in BTC/ETH Proportional |
| Bitcoin | $1,437,866,706,756 | $33,181,626,289 | 15571.77 | 50.00% | 86.12% |
| Ethereum | $247,856,976,759 | $15,563,037,468 | 15028.08 | 50.00% | 13.88% |
As of 30 June 2026
| Crypto | 90-day-average- Market Cap | 90-day-average-
volume |
Cut-off
Price |
Cumulative
Market Coverage |
Weighting (%) After 40% Cap | |
| 1 | Tether USDt | $187,565,841,419 | $83,408,963,286 | $0.9985 | 7.73% | 40.00% |
| 2 | USDC | $76,630,801,831 | $22,038,364,189 | $0.9996 | 10.89% | 40.00% |
| 3 | Ethena USDe | $4,627,650,536 | $89,450,803 | $0.9982 | 11.08% | 7.55% |
| 4 | World Liberty Financial USD | $4,489,626,107 | $1,369,918,606 | $0.9988 | 11.27% | 7.86% |
| 5 | PayPal USD | $3,364,115,225 | $100,532,612 | $0.9997 | 11.41% | 4.59% |
As of 30 June 2026
| Crypto | 90-day-average-
Market Cap |
90-day-average-
volume |
Cut-off
Price |
Cumulative
Market Coverage |
Weighting (%) After 40% Cap# | |
| 1 | Ethereum | $247,857,000,000 | $15,563,037,468 | $1610.21 | 10.21% | 40.00% |
| 2 | Solana | $46,493,085,103 | $3,834,022,970 | $74.95 | 12.13% | 20.15% |
| 3 | TRON | $31,617,610,754 | $673,264,881 | $0.32 | 13.43% | 14.09% |
| 4 | Hyperliquid | $13,104,476,721 | $618,560,421 | $66.82 | 13.97% | 7.83% |
| 5 | Cardano | $8,112,001,743 | $453,258,116 | $0.15 | 14.31% | 2.45% |
| 6 | Chainlink | $6,469,560,543 | $444,890,104 | $7.37 | 14.57% | 2.48% |
| 7 | Canton | $5,891,138,882 | $20,485,763 | $0.15 | 14.82% | 2.62% |
| 8 | Gram (prev. Toncoin) | $4,378,562,527 | $270,757,815 | $1.60 | 15.00% | 2.00% |
| 9 | Hedera | $3,755,084,462 | $81,962,580 | $0.07 | 15.15% | 1.44% |
| 10 | Avalanche | $3,667,916,247 | $273,645,491 | $6.66 | 15.30% | 1.33% |
| 11 | Sui | $3,622,445,395 | $488,747,009 | $0.70 | 15.45% | 1.32% |
| 12 | NEAR Protocol | $2,271,737,560 | $380,837,868 | $1.86 | 15.55% | 1.12% |
| 13 | Mantle | $2,028,115,299 | $71,242,995 | $0.43 | 15.63% | 0.66% |
| 14 | Polkadot | $1,959,570,963 | $140,076,084 | $0.82 | 15.71% | 0.65% |
| 15 | Aster | $1,713,931,690 | $125,425,273 | $0.63 | 15.78% | 0.78% |
| 16 | Internet Computer | $1,396,740,158 | $83,170,081 | $2.20 | 15.84% | 0.56% |
| 17 | Ethereum Classic | $1,288,536,326 | $52,402,700 | $7.13 | 15.89% | 0.52% |
As of 30 June 2026
# Weighting (%) after 40% Cap is adjusted according to the cut-off price; the arrangement of order may not be the same as the 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website
Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage and Bloomberg Page IXCI <GO>. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.
The vendor tickers are shown below:
| Index Name | Bloomberg Ticker | NASDAQ | Reuters Ticker | |
| Real-time | Delayed | |||
| ixCrypto Index | IXCI | IXCI2 | .IXCI | .IXCI |
| ixBitcoin Index | IXCBI | IXCBI2 | .IXBI | .IXBI1 |
| ixEthereum Index | IXCEI | IXCEI2 | .IXEI | .IXEI1 |
For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series and EOD indexes, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes
For data licensing and product, please contact us at li*******@******ex.com.
For free API use on academic research or trial, please contact en*****@******ex.com
Hashtag: #ixCrypto
The issuer is solely responsible for the content of this announcement.
About IX Asia Indexes and IX Asia Index Advisory Committee
IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures products, mark-to-market, and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.
IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2022 UKAS certification.
Website: https://ix-index.com/
Advisory Committee: https://ix-index.com/committee.htm
About IX Crypto Indexes
The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real-time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI <GO>. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, and “IXEI”, with dissemination intervals kept at 15-seconds unchanged.
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Bona® scales Asia Pacific presence with expanded SuperSport System catering to the region’s diverse sports flooring requirements
A comprehensive, high-performance sports floor treatment solution that meets the growing demands of the Asia Pacific market, reinforcing Bona’s commitment to the region’s surging basketball, badminton, and gym sectors.
MALMÖ, SWEDEN – Media OutReach Newswire – 17 July 2026 – As the global sports flooring market continues to grow, Bona, a world leader in flooring solutions for over 100 years, is strategically strengthening its reach across the Asia Pacific (APAC) region.
The company today announced the expansion of its comprehensive Bona SuperSport System offering for the Asia Pacific market, reinforcing its commitment to delivering reliable, high-performance sports flooring solutions customized to the diverse needs of sports facilities and contractors across the region.
According to Data Bridge Market Research, the global sports flooring market is projected to reach approximately USD 19.09 billion by 2030, growing at a CAGR of 4.6%. Asia Pacific is expected to account for 18.5% of the global market by then, with indoor sports flooring representing more than 75% of regional demand, particularly across basketball, badminton, and gym facilities.
“The sports flooring market in Asia Pacific continues to grow rapidly, driving increasing demand for high-performance flooring systems that deliver reliability, efficiency, and consistent results,” said Pontus Forssell, Vice President, Bona APAC. “We continue to evolve the Bona SuperSport System to better support the needs of sports flooring professionals across the region.”
Developed as a complete “start-to-finish” sports floor treatment solution, the Bona SuperSport System includes primers, finishes, paints, cleaners, machines, and tools designed to work together as one fully compatible system. By simplifying application and maintenance processes, the system helps reduce on-site variability while delivering consistent sports floor performance.
The Bona SuperSport System supports a wide range of indoor sports flooring applications, from wooden to resilient sports surfaces, and is suitable for facilities ranging from schools and universities to professional sports arenas. The system is designed to help contractors and facility managers achieve optimal sports surface performance in areas such as slip resistance, sheen levels, durability, and long-term floor preservation.
“The HSUHK Sports Hall accommodates a wide range of sports activities, each with distinct performance requirements for the playing surface. The Bona SuperSport System provides the versatility, stability, and durability required to support these demands, ensuring a safe, reliable, and long-lasting solution for our high-usage sports facility.” said official from the Hang Seng University of Hong Kong.
In addressing the growing demands of the APAC sports flooring market, Bona’s SuperSport System now features Bona SuperSport 2K, a two-component waterborne wood finish with high durability and appearance, specifically formulated for professional use on indoor sport floors, providing a tough, durable, high-build polyurethane finish to withstand the heavy wear, scuff marks, and daily abuse of athletic activities.
“Bona SuperSport 2K delivers a smooth, high-quality finish that enhances both the appearance and performance of sports flooring. The surface looks professional, provides great traction, and stands up well to heavy daily use.” said Kelvin Neo, Manager from Wood & Wood Flooring Pte Ltd, Singapore.
Newly introduced Bona SuperSport Line Paint and Bona SuperSport Zone Paint further enhance the system offering. With excellent adhesion properties, they can be applied on a wide range of sport surfaces, including wood and resilient floorings, delivering superb hiding ability, fast drying performance, and vibrant colour definition to support the region’s diverse sports flooring applications.
“The strength of the Bona SuperSport System lies in its ability to deliver a fully integrated, high-performance solution for sports flooring professionals,” said Bill Price, Director of Sport, Facility Solutions & Resilient, Bona. “Customers value the consistency, efficiency, and reliability the system provides across different sports flooring environments. Bona Sport products are currently used on professional basketball courts throughout North America, and we continue to see strong interest from APAC markets looking for proven, premium-quality systems.”
International Standards and Environmental Certifications
Bona waterborne finishes are GREENGUARD certified for indoor air quality, supporting healthier indoor sports environments. The full Bona SuperSport System is also certified by both FIBA and the Maple Flooring Manufacturers Association (MFMA), meeting internationally recognized standards for sports floor performance used in venues ranging from local training courts to elite professional arenas.
“As expectations for sports flooring performance continue to rise across the region, Bona remains committed to supporting partners across APAC with proven systems, technical expertise, and professional training,” added Forssell. “Our focus is to help customers deliver reliable, high-quality sports flooring projects with confidence and consistency.”
To learn more about the Bona SuperSport System, visit https://www.bona.com/en-my/professional/installation-renovation/supersport-system/
Hashtag: #Bona
The issuer is solely responsible for the content of this announcement.
About Bona
Bona is a global, family-owned company that supplies products for installing, renovating, maintaining and restoring premium floors. Founded in 1919, Bona pioneered the industry by offering waterborne hardwood floor finishing and floor care products. Today, Bona prioritizes the environmental impact of its products and innovates high-quality systems for most premium floor surfaces including wood, tile, vinyl, resilient, rubber, and laminate. The head office is in Malmö, Sweden, and the company is represented globally across 90 countries through 17 subsidiaries, 70 distributors, 4 production sites, and over 700 employees.
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Forest City SFZ Releases Updated Tourism Data As Johor Bahru–Singapore RTS Link Nears Completion
As Malaysia gears up for Visit Malaysia 2026 and Visit Johor 2026, Forest City expects heightened regional interest in eco and golf tourism
JOHOR, MALAYSIA – Media OutReach Newswire – 17 July 2026 – Forest City Special Financial Zone (Forest City SFZ), Malaysia’s pioneering special financial zone and emerging lifestyle and leisure hub, today released updated visitor data and travel guidance ahead of the upcoming 2026 peak travel season. New visitor data now confirms that Forest City has recorded approximately 4 million coastal visitors, over 100,000 golfers and 57 international events at its golf resort, and more than 260,000 guests at its two hotels in 2025, reinforcing its status as a growing cross-border tourism and leisure destination. The figures come as the Johor Bahru–Singapore Rapid Transit System (RTS) Link approaches completion, with passenger service expected to begin in January 2027, further enhancing transportation convenience.
Forest City SFZ at a glance
Forest City SFZ is a coastal development in Johor, Malaysia, located approximately 2 km across the Tebrau Strait from Singapore. It was then designated a Special Financial Zone by the Malaysian government in August 2023. The Malaysian Parliament passed five federal bills in July 2024 designating Pulau Satu as the country’s fifth duty-free island, and the first that visitors can enter directly by vehicle.
For travellers, Forest City SFZ offers a 4 km publicly accessible coastline, two championship-rated golf courses (including its Classic Course, which has ranked in the Top 100 Golf Courses in Asia for seven consecutive years), guided mangrove eco-tours, sea fishing trips, and duty-free shopping. It is currently the only duty-free island in Malaysia that can be entered by vehicle without a ferry.
The Forest City beach experience with open shoreline, mangroves and sea fishing
The 4 km coastline and surrounding environment are designed to make visitors forget they are only minutes away from the city. Soft sand beaches slope gently into the water, shallow enough for children to paddle and deep enough for kayakers, windsurfers, and other water sports enthusiasts to find their rhythm. It is this unpretentious charm that has drawn approximately 4 million coastal visits in 2025 — offering an open, welcoming, and peaceful place that doesn’t feel too far from home.
The wider development sits within roughly 2.86 million m² of green space — including both golf courses, parks, mangrove corridors, and landscaped public zones — with over 400 documented plant and animal species recorded on‑site. For visitors interested in the island’s natural beauty, guided mangrove eco‑tours run along the development’s green corridor. A one‑ to two‑hour trip with a registered boat operator takes travellers past fish nurseries and bird habitats, with a stop to see the ongoing mangrove restoration work along the Johor coastline. Sea fishing trips depart from the marina with expert guides accompanying guests throughout the journey. Bookings can be made either through the hotel concierge or via official Forest Life app.
Forest City has developed three core commercial districts, bringing together over 100 shops that cover a diverse range of business formats, including international dining, duty‑free shopping, retail, healthcare, finance, and leisure and entertainment. Regular festivals, sports events, and cultural gatherings along the beachfront bring Forest City’s “Eat · Play · Chill by the Sea” concept to life.
Two championship golf courses with a seven-year ranking streak
A journey through Forest City Golf Resort reveals a landscape designed with nature in mind. Two 18‑hole championship courses sit side by side on a single property: the Classic Course, designed by veteran architect Liang Guokun, runs 7,138 yards across 69 hectares; the Legacy Course, a rare collaboration between Jack Nicklaus and Jack Nicklaus II, stretches 7,386 yards across 74 hectares. Both are GEO Certified, a mark of environmental stewardship that audits water use, biodiversity, energy, and waste.
The Classic Course has placed in the Top 100 Golf Courses in Asia for seven consecutive years (2020–2026), a feat few courses can claim. In 2026, it climbed 14 places to No. 36 in Asia and retained its title as No. 1 in Malaysia. The Legacy Course, meanwhile, ranked No. 49 in the Asia‑Pacific Top 100 (2024–2025). In 2025, the resort welcomed over 100,000 golfers, serving as a vibrant hub for both casual golfers and professionals.
For travellers seeking events to experience, the resort hosts more than 50 tournament dates annually, including pro‑am events and corporate days. 57 major tournaments were held in 2025. The wider development hosts more than 100 international events a year — from endurance races to lifestyle festivals, including the Challenge Malaysia triathlon scheduled for October 2026.
Duty-Free Retail on Pulau Satu
Forest City was gazetted as a duty-free island under five Federal bills passed by the Malaysian Parliament in July 2024. This transformation has positioned Forest City as Malaysia’s fifth duty-free island and the first that visitors can enter directly by vehicle, without a ferry crossing.
Shelf prices on the gazetted categories — alcoholic beverages, chocolate and confectionery, cosmetics, perfumes, and other goods — are typically lower than equivalent purchases on the Malaysian mainland or in Singapore retail.
For vehicle access, visitors should take the following into consideration:
- Identification: Visitors should ensure they bring valid identification for vehicle entry.
- Import Allowances: Per-passenger import allowances on goods carried back into mainland Malaysia or into Singapore are strictly governed by the respective customs authorities. Visitors are encouraged to check the latest government guidelines and current allowances for Malaysia or Singapore before making purchases.
- Singapore Residents: GST relief thresholds and specific allowances for alcohol and tobacco are set by Singapore Customs; please verify these against the official live portal when visiting.
Forest City Accommodation: Marina Hotel, Golf Hotel, long-term stays
Forest City Marina Hotel is the development’s flagship beachfront property, offering 283 rooms with floor-to-ceiling windows that frame a 270-degree view across the Strait of Johor. Multiple dining outlets, a swimming pool, and conference facilities make it a versatile base for both leisure and business travellers. For golf-led trips, the Forest City Golf Hotel, winner of the prestigious Agoda 2025 Gold Circle Award, sits within the resort grounds and offers stay-and-play packages bundled with green fees on either course.
Forest City Golf Hotel is a five-star retreat set within the 800-hectare Forest City Golf Resort, offering 298 spacious guestrooms and suites, including Superior and Deluxe Rooms, Superior and Deluxe Suites, a Family Suite and three Presidential Suites, many with views of the surrounding golf landscape. Guests can enjoy Asian, Western and international cuisine at the Tee-Off Restaurant, private dining spaces for family gatherings and business occasions, as well as café and lounge facilities.
The hotel also provides direct access to championship golf, swimming pools, a gym, spa, golf shop, executive lounge, meeting rooms, a grand ballroom and event venues, making it suitable for leisure stays, golf getaways, corporate meetings and private celebrations.
During tournament weekends and major events, the Marina Hotel typically operates at full occupancy, with overflow demand absorbed by short-term rental units.
For longer stays and family groups, Forest City’s residential blocks offer a substantial inventory of professionally managed serviced apartments, ideal for those seeking more space or a home-away-from-home experience. Blue Horizon Suites, a newly launched sea-view serviced residence in 2026, features panoramic ocean views and a comprehensive suite of modern amenities, including a swimming pool, private beach access, and close proximity to the golf course.
Beyond accommodation, Forest City delivers an integrated lifestyle environment, with year-round dining options, the on-site Forest City International School (a CATS Global Schools campus), and the duty-free retail cluster on Pulau Satu.
Accessibility: getting to Forest City SFZ in 2026
Forest City SFZ sits approximately 2 km across the Tebrau Strait from Singapore, closer to central Singapore than most Singaporeans are to Changi Airport. By road via the Tuas Second Link, the drive is roughly 40 minutes from Singapore CBD(Central Business District) and roughly 60 minutes from Changi Airport.
From Johor Bahru CBD, the journey takes approximately 30 minutes by car, while Senai International Airport is about 50 minutes away. This puts travellers at the coast, close enough for a spontaneous weekend escape, yet far enough to feel like a proper getaway. For Singapore-based visitors, hotel shuttles and chartered coaches via the Second Link are the most convenient option, with the journey offering a scenic Strait crossing as a picturesque introduction to the destination.
The RTS Link, targeted for completion in December 2026, will reduce the Bukit Chagar–Woodlands North crossing time to about five minutes, with an expected fare of approximately S$5–S$7 and peak capacity of 10,000 passengers per hour per direction.
| From | Mode | Approx. time | Notes |
| Singapore CBD | Car via Second Link | ~40 min | Tuas Checkpoint; allow weekend buffer |
| Singapore Changi Airport | Car via Second Link | ~60 min | Most direct from arrival |
| Singapore Woodlands | RTS Link (passenger Jan 2027) | ~5 min crossing + transfer | S$5–S$7 fare; confirm onward connection |
| Johor Bahru CBD | Car | ~30 min | Local taxi or e-hailing |
| Senai International Airport | Car | ~50 min | Domestic + regional gateway |
Singapore weekend visitors can arrive on Friday evening via the Second Link, with the journey from Singapore’s CBD taking approximately 40 minutes. The stay-and-play package offers a low-friction entry point: two nights’ accommodation at the Forest City Golf Hotel, daily breakfast, and one round of 18 holes on the Classic Course. Saturday and Sunday can be split between golf and the 4 km public coastline, with duty‑free shopping and a long brunch on Pulau Satu before the return crossing.
Malaysian families on a long weekend can fill an unhurried two‑day itinerary with the 4 km coastline, mangrove eco‑tours and water sports. The coastline has drawn approximately 4 million visitors in 2025, with school‑holiday weeks bringing the most coastal events. For families with children, the Forest City Water Park offers gentle water play zones and casual aquatic recreation suitable for younger visitors.
Corporate groups, MICE planners and cross‑border professionals can utilise the Forest City Hotel’s conference facilities and block-booking capabilities. The resort’s 57 major golf tournaments in 2025 demonstrate its capacity to absorb large groups. The Marina Hotel spans over 830,000 sq. ft with 283 rooms, multiple dining outlets, a fitness centre and a swimming pool. Once the RTS Link begins passenger service in January 2027, Forest City will become viable as a same‑day cross‑border meeting venue for Singapore‑based groups, with the Bukit Chagar–Woodlands North crossing reduced to approximately five minutes.
A destination backed by policy, infrastructure, and visitor data
A single weekend at any leisure destination can tell only a small part of the bigger story. But the data — 4 km of public coastline, two championship golf courses with a seven-year Asia’s Top 100 streak, status as Malaysia’s fifth duty-free island, more than 100 events a year, and located just 2 km from Singapore, with an RTS Link offering passenger service from January 2027 — point to a growing travel destination backed by infrastructure and policy support.
Hashtag: #ForestCity
The issuer is solely responsible for the content of this announcement.
About Forest City Special Financial Zone
Located in Iskandar Puteri, Johor, Forest City Special Financial Zone (FCSFZ) is Malaysia’s pioneering special financial zone and the financial-services flagship within the Johor–Singapore Special Economic Zone. It is positioned to attract financial institutions, multinational corporations, high-net-worth individuals and businesses operating in wealth management, financial technology and global business services.
Its incentive framework includes a 0% income tax rate for qualifying Single Family Office Vehicles for up to 20 years , a preferential 5% corporate tax rate for approved qualifying activities, and a special 15% personal income tax rate for eligible knowledge workers, subject to the applicable conditions, regulatory approvals and prevailing legislation. Forest City also holds duty-free island status, further strengthening its appeal as a regional investment, business and wealth-management destination near Singapore.
Notes to editors
Public-sector figures or policies referenced in this release are drawn from the Land Transport Authority of Singapore, Singapore Customs, Royal Malaysian Customs Department, and previously published media reports. Forest City-specific visitor or activity figures are based on company data and should be reconfirmed against the final reporting cut-off before distribution.
Media OutReach
Chinese company YingShen Intelligence’s 4D World Model–Powered Embodied Robots Enter Vietnamese Factories, Pioneering a Token-Based Service Model for Global Expansion
Under the agreements, Yingshen Intelligence will export hundreds of flexible embodied robots to footwear factories in Vietnam, with the combined order value reaching tens of millions of yuan. Powered by the company’s proprietary 4D world-model technology, embodied intelligence algorithms and robotic systems, the products will be used to support the flexible and intelligent upgrading of footwear production lines.
Notably, Yingshen Intelligence’s export of embodied robots to Vietnam also points to an emerging shift in the commercialisation of Chinese advanced technologies.
Unlike conventional robotics companies that rely primarily on one-off hardware sales, Yingshen Intelligence regards the robot itself as the physical platform through which its world model operates in real production environments. The product’s core value therefore lies not only in the hardware, but also in the model’s ability to perceive its surroundings, understand manufacturing processes, make real-time decisions and continuously improve through operational data.
Under this model, customers receive more than robotic equipment. They also gain access to ongoing model inference, algorithm updates and scenario-specific optimisation services. In effect, the business model is evolving from simply selling robots to providing model capabilities and usage-based, token-powered services.
Industry observers said this model-led approach, with robots serving as the physical carriers of algorithms and computing capabilities, could create greater long-term service value for embodied intelligence products and offer a new pathway for Chinese technological solutions to expand into overseas markets.
The participating manufacturers include Power Loong(Công Ty Tnhh Giày Bảo Long) , Thuan Phi(Công Ty Tnhh Giày Thuận Phi) and Vietnam Garment(CÔNG TY TNHH MAY VIỆT NAM), which plan to deploy Yingshen Intelligence’s robotic products and algorithmic capabilities at their footwear factories in Hai Phong.
Wu Xuewei, Vice-President of Yingshen Intelligence; Mao Zhenwu, General Manager of Thuan Phi; Lin Yonghui, General Manager of Power Loong; and Chen Zhixian, General Manager of Vietnam Garment signed the agreements on behalf of the four companies.
4D World Model Advances Flexible Manufacturing Applications for Chinese Embodied Intelligence
The flexible embodied robots being exported to Vietnam are powered by Yingshen Intelligence’s latest 4D world model.
World models are widely regarded as an important technological pathway towards general-purpose physical intelligence. They are designed to help artificial intelligence understand spatial relationships, object states and dynamic changes in the real world, while predicting the possible outcomes of different actions. In this way, AI systems can gradually learn how the physical world operates.
For embodied robots, this capability enables continuous environmental perception and real-time decision-making during operation. On footwear production lines, for example, the robots can identify differences in shoe styles, sizes, material conditions and adhesive states, and adjust their motion trajectories and operating strategies in response to actual production conditions.
Unlike conventional automation systems that repeatedly execute predefined programmes, world-model-powered robots are designed to respond more flexibly to changing environments. Their operating process more closely resembles that of skilled workers, who assess conditions on site and adjust their actions accordingly.
Yingshen Intelligence attributes this adaptability to its native 4D technological approach.
The company collects and generates 4D data at scale, representing both the three-dimensional structure of objects and their continuous changes over time within a unified framework. The data is then used to train world models with spatiotemporal understanding, reasoning and prediction capabilities.
Compared with approaches that rely mainly on two-dimensional images, videos or static three-dimensional data, 4D data can more comprehensively capture the positions, shapes, movement trajectories and interaction processes of objects in real environments.
Two-dimensional images and videos can record visual changes, but provide relatively limited information about spatial structure. Static three-dimensional data can reconstruct spatial relationships, but cannot fully describe how objects and environments evolve over time. By combining three-dimensional space with continuous temporal changes, 4D data provides a richer foundation for models to learn physical processes.
“Language is the native language of humans, while the native language of machines exists in the three-dimensional physical world,” said Min Wei, founder of Yingshen Intelligence.
According to Min, language, images and videos are all compressed representations of the real world. When physical reality is reduced to lower-dimensional forms, some information is inevitably lost, potentially limiting a model’s ability to understand and predict complex physical interactions.
Real-world interactions involve not only the shape, position and movement of objects, but also contact, force, friction and material deformation. These processes can be more completely observed and modelled when three-dimensional spatial information is combined with continuous changes over time.
A unified spatiotemporal representation based on 4D data can therefore help models learn the relationships among actions, environments and outcomes, and predict how the state of an object may change at the next moment.
Supported by this technological approach, Yingshen Intelligence’s robots can adjust their motion trajectories and operating strategies when faced with material deformation, deviations in incoming components, or changes in shoe styles, sizes and production processes.
These capabilities have enabled the company’s flexible embodied robots to move beyond laboratory testing and enter real footwear production lines. Their export to Vietnam will further test the technology’s reliability, adaptability and scalability in overseas industrial environments.
Phased deployment across key footwear processes
Cooperation will be implemented in phases. Yingshen Intelligence will initially supply its two flagship footwear-manufacturing robots, ShadowGlue and ShadowPress, for deployment across multiple production lines.
The robots will first be used in gluing and sole pressing, two critical processes that have traditionally depended heavily on skilled manual labour. Their introduction is expected to help the participating factories improve production flexibility, operating consistency and automation levels.
The partners also plan to extend embodied intelligence technologies to additional processes, including sewing, finished-product packaging and automated shoelace threading. The aim is to move gradually from isolated robotic workstations towards coordinated, multi-process production.
In the longer term, the partners intend to build a benchmark factory for embodied intelligence-enabled footwear manufacturing in Vietnam, promoting the transition of entire production lines towards more autonomous and intelligent operations.
Why footwear manufacturing in Vietnam?
Why are embodied robots entering factories and flexible manufacturing taking shape first in Vietnam’s footwear industry?
Industry experts point to two closely related factors. Footwear manufacturing is both highly labour-intensive and one of the most technically challenging sectors for flexible automation. Introducing embodied intelligence into this industry therefore responds to the practical needs of Vietnamese manufacturers while also providing Chinese robotics companies with demanding real-world environments in which to test technological reliability, adaptability and large-scale delivery capabilities.
For manufacturers in Vietnam, the technology can help improve efficiency, stabilise product quality and ease labour shortages. For embodied intelligence companies, footwear production offers an opportunity to move beyond laboratory demonstrations and validate their systems under complex, continuously changing industrial conditions.
The partnership therefore reflects both the demand for more advanced manufacturing capabilities in Vietnam and the broader effort to bring embodied intelligence technologies into international, large-scale industrial applications.
Footwear production presents particularly high technical barriers to automation.
Shoe materials are flexible and easily deformed, while significant differences exist among styles, sizes and material combinations. Processes such as gluing and sole pressing require workers to respond to subtle variations in shape, positioning and material condition, and have therefore long relied on the experience and dexterity of skilled operators.
At the same time, consumer demand for more personalised and diversified footwear products is requiring factories to process a growing number of styles and stock-keeping units, often in smaller batches and with shorter production cycles. Production lines must consequently switch between products more frequently and adjust more rapidly.
Conventional industrial automation systems generally follow predefined programmes and fixed motion paths. When styles, materials or production requirements change, the equipment may need to be reprogrammed, recalibrated or physically reconfigured. This can lead to lengthy deployment cycles and higher production-line modification costs, making traditional systems less suited to multi-product, small-batch and high-frequency manufacturing.
Yingshen Intelligence’s embodied robots combine visual perception, world models and motion-control algorithms to identify production environments, material conditions and process requirements in real time. The systems can then adjust their operating strategies according to differences in shoe styles, sizes, incoming-material positions and other production variables.
Rather than merely repeating preset movements, the robots are designed to interpret the relationships among materials, space, actions and manufacturing processes, allowing them to adapt more effectively to complex and flexible production environments.
ShadowPress is designed primarily for the sole-pressing process. Using visual recognition and algorithmic compensation, the robot can dynamically adjust its gripper posture and movement path in response to differences in material position, placement angle and shoe shape.
Its compact design enables it to be integrated into existing semi-automated production lines. This allows manufacturers to introduce intelligent systems gradually, without carrying out extensive reconstruction of their existing factories.
ShadowGlue is designed for footwear gluing. According to Yingshen Intelligence, the system uses a 4D world model and vision–action coordination technology to learn manufacturing processes by observing videos of skilled workers.
It can respond dynamically to changes in shoe-material deformation, edge paths and adhesive conditions, helping to improve the stability and consistency of gluing operations. The technology is intended to enable robots not only to reproduce a worker’s actions, but also to learn the underlying process logic and adjust their operations when production conditions change.
This adaptability is particularly important in footwear manufacturing, where frequent changes in styles, sizes and materials make it difficult for fixed-path equipment to maintain consistent performance.
Vietnam’s manufacturing sector seeks greater flexibility
Vietnam has become one of the world’s leading footwear production and export centres as global footwear and apparel supply chains have continued to expand across Southeast Asia.
However, the competitive priorities of the industry are changing. International brands are placing greater emphasis on shorter delivery cycles, stable quality and the ability to respond quickly to small-batch, multi-product orders.
As a result, Vietnam’s manufacturing sector is gradually moving beyond a development model based primarily on labour, land and production scale. Manufacturers are increasingly seeking to improve efficiency, product quality, technological capabilities and production flexibility.
The introduction of Chinese embodied intelligence technologies by several footwear manufacturers in Vietnam therefore represents more than an equipment upgrade. It reflects local manufacturers’ growing demand for a new generation of intelligent production capabilities.
By deploying robots in technically demanding flexible processes, factories may be able to reduce their dependence on scarce skilled labour, improve production consistency and respond more effectively to frequent product changes and diversified orders.
Industry observers said the move could provide a practical example of how embodied intelligence can be introduced into traditional manufacturing. It may also help Vietnamese footwear producers transition from primarily undertaking large-scale production towards building more efficient, technology-intensive and responsive manufacturing capabilities.
Under the agreements, Yingshen Intelligence will provide integrated services covering equipment delivery, on-site installation and commissioning, personnel training, quality assurance and after-sales support.
The company will also adapt its products to the actual production environments and process requirements of the participating factories in Vietnam, with the aim of ensuring that the systems can operate reliably under real manufacturing conditions.
ShadowGlue and ShadowPress have completed product development and production-line validation. The two products were previously presented at the Jinjiang International Footwear and Sports Industry Expo in China.
The agreement involving hundreds of robots and orders worth tens of millions of yuan marks the formal entry of Yingshen Intelligence’s footwear robotics solutions into the Southeast Asian manufacturing market.
A new link between Chinese technology and Southeast Asian manufacturing
The partnership highlights a growing connection between China’s intelligent manufacturing technologies and Southeast Asia’s industrial transformation.
Chinese companies are accelerating the industrial deployment of world models, embodied intelligence and robotic systems. At the same time, manufacturers in Vietnam and other Southeast Asian economies are seeking more efficient, flexible and intelligent approaches to industrial upgrading.
The intersection of these trends lies in the practical needs of traditional manufacturing industries. Footwear factories provide a particularly valuable application environment because they combine large-scale production demand with complex materials, variable processes and frequent product changes.
Starting with footwear production lines in Hai Phong, the cooperation between Yingshen Intelligence and manufacturers in Vietnam will test how embodied intelligence can be applied across real industrial processes and scaled to multiple factories.
Rather than replacing workers in only one repetitive task, the broader objective is to build flexible production capabilities that can perceive changing conditions, learn manufacturing processes and adjust operations accordingly.
The cooperation offers a new example of Chinese intelligent manufacturing technology participating in Southeast Asia’s industrial upgrading, while signalling the footwear industry’s gradual transition from scale-driven production towards a new stage of flexible and intelligent manufacturing.
Hashtag: #HangzhouYingshenIntelligentTechnology
The issuer is solely responsible for the content of this announcement.


