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KOTA KINABALU, SABAH, Malaysia, Sept. 21, 2024 /PRNewswire/ -- In a landmark move set to reshape the landscape of global wellness and regenerative medicine, European Wellness Biomedical Group and Jilin Hanxing Group have signed a pivotal Strategic Cooperation Agreement. The signing ceremony took place during the grand opening of European Wellness' new Premier Center in Kota Kinabalu, Sabah, on August 22, 2024.
Prof. Dato' Sri Dr. Mike Chan, Scientist, Founder and Chairman of European Wellness Biomedical Group, and Mr. Fang Tie Ji, Chairman of Jilin Hanxing Group, a multi-billion dollar conglomerate from Donggang City, Liaoning Province, China, formalized the agreement. This collaboration marks a significant step towards fostering international cooperation in the wellness and healthcare sectors.
The agreement outlines plans for a joint venture project to establish a state-of-the-art Regenerative Medicine and Health Complex in Sanya, Hainan, China. This ambitious project is envisioned as a trinity of "medicine, beauty, and health therapy," positioning itself at the forefront of the global wellness industry.
Prof. Chan expressed his enthusiasm about the partnership: "This collaboration with Jilin Hanxing Group represents a monumental opportunity to combine our expertise in regenerative medicine with their vast resources and network in China. Together, we aim to create a world-class facility that will set new standards in health and wellness on a global scale."
Mr. Fang, who also serves as a committee member of the Hainan Sanya economic advisory board of the Chinese People's Political Consultative Conference, shared his perspective: "This partnership between European Wellness and Hanxing Group symbolizes a fusion of Eastern and Western approaches to health and wellness. We are excited about the possibilities this creates for advancing healthcare not just in China, but globally."
Notably, the agreement includes provisions for immediate action even as the Sanya complex is under development. Over the next 18 months, while the China center is being constructed, Jilin Hanxing Group will facilitate the transfer of Chinese VIP clients to receive therapies at European Wellness' newly opened Premier Center in Kota Kinabalu. This arrangement ensures that Chinese clients can benefit from European Wellness' cutting-edge therapies without delay, while also boosting medical wellness tourism in Sabah.
Prof. Chan commented on this aspect of the collaboration: "We're thrilled to welcome Chinese clients to our Kota Kinabalu center. This not only allows us to provide immediate access to our advanced therapies but also serves as a precursor to the level of care and service that will be available at our future Sanya complex."
The potential benefits of this collaboration are far-reaching:
1. Advanced Stem cells, Immunology & Education Research and Development: The partnership will facilitate knowledge exchange and collaborative research, potentially accelerating breakthroughs in regenerative medicine and anti-aging therapies.
2. Medical Wellness Tourism Boost: The new complex aims to attract health-conscious individuals from around the world, positioning Sanya as a premier destination for medical wellness tourism. In the interim, Sabah will see an influx of high-value medical wellness tourists from China.
3. Expanded Market Reach: European Wellness will gain enhanced access to the vast Chinese market, while Jilin Hanxing Group will benefit from European Wellness' global expertise and reputation.
The signing of this agreement underscores the growing global interest in wellness initiatives and the potential for cross-border collaboration in the industry. It represents a significant step towards creating a more interconnected, advanced global wellness ecosystem.
As both companies embark on this exciting venture, the wellness industry watches with keen interest. The collaboration between European Wellness and Jilin Hanxing Group promises to usher in a new era of innovative health solutions, benefiting individuals seeking cutting-edge wellness therapies worldwide.
KOTA KINABALU, SABAH, Malaysia, Sept. 21, 2024 /PRNewswire/ -- In a landmark move set to reshape the landscape of global wellness and regenerative medicine, European Wellness Biomedical Group and Jilin Hanxing Group have signed a pivotal Strategic Cooperation Agreement. The signing ceremony took place during the grand opening of European Wellness' new Premier Center in Kota Kinabalu, Sabah, on August 22, 2024.
Prof. Dato' Sri Dr. Mike Chan, Scientist, Founder and Chairman of European Wellness Biomedical Group, and Mr. Fang Tie Ji, Chairman of Jilin Hanxing Group, a multi-billion dollar conglomerate from Donggang City, Liaoning Province, China, formalized the agreement. This collaboration marks a significant step towards fostering international cooperation in the wellness and healthcare sectors.
The agreement outlines plans for a joint venture project to establish a state-of-the-art Regenerative Medicine and Health Complex in Sanya, Hainan, China. This ambitious project is envisioned as a trinity of "medicine, beauty, and health therapy," positioning itself at the forefront of the global wellness industry.
Prof. Chan expressed his enthusiasm about the partnership: "This collaboration with Jilin Hanxing Group represents a monumental opportunity to combine our expertise in regenerative medicine with their vast resources and network in China. Together, we aim to create a world-class facility that will set new standards in health and wellness on a global scale."
Mr. Fang, who also serves as a committee member of the Hainan Sanya economic advisory board of the Chinese People's Political Consultative Conference, shared his perspective: "This partnership between European Wellness and Hanxing Group symbolizes a fusion of Eastern and Western approaches to health and wellness. We are excited about the possibilities this creates for advancing healthcare not just in China, but globally."
Notably, the agreement includes provisions for immediate action even as the Sanya complex is under development. Over the next 18 months, while the China center is being constructed, Jilin Hanxing Group will facilitate the transfer of Chinese VIP clients to receive therapies at European Wellness' newly opened Premier Center in Kota Kinabalu. This arrangement ensures that Chinese clients can benefit from European Wellness' cutting-edge therapies without delay, while also boosting medical wellness tourism in Sabah.
Prof. Chan commented on this aspect of the collaboration: "We're thrilled to welcome Chinese clients to our Kota Kinabalu center. This not only allows us to provide immediate access to our advanced therapies but also serves as a precursor to the level of care and service that will be available at our future Sanya complex."
The potential benefits of this collaboration are far-reaching:
1. Advanced Stem cells, Immunology & Education Research and Development: The partnership will facilitate knowledge exchange and collaborative research, potentially accelerating breakthroughs in regenerative medicine and anti-aging therapies.
2. Medical Wellness Tourism Boost: The new complex aims to attract health-conscious individuals from around the world, positioning Sanya as a premier destination for medical wellness tourism. In the interim, Sabah will see an influx of high-value medical wellness tourists from China.
3. Expanded Market Reach: European Wellness will gain enhanced access to the vast Chinese market, while Jilin Hanxing Group will benefit from European Wellness' global expertise and reputation.
The signing of this agreement underscores the growing global interest in wellness initiatives and the potential for cross-border collaboration in the industry. It represents a significant step towards creating a more interconnected, advanced global wellness ecosystem.
As both companies embark on this exciting venture, the wellness industry watches with keen interest. The collaboration between European Wellness and Jilin Hanxing Group promises to usher in a new era of innovative health solutions, benefiting individuals seeking cutting-edge wellness therapies worldwide.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
European Wellness and Jilin Hanxing Group Forge Strategic Partnership to Advance Global Wellness Initiatives
European Wellness and Jilin Hanxing Group Forge Strategic Partnership to Advance Global Wellness Initiatives
European Wellness and Jilin Hanxing Group Forge Strategic Partnership to Advance Global Wellness Initiatives
- Company named "Best Financially Managed Semiconductor Company (Achieving Greater than $1 Billion in Annual Sales)" and "Outstanding Asia-Pacific Semiconductor Company" simultaneously
- Accelerates recovery from market downturn leveraging world-class HBM leadership; Global management performance recognized
- Reflects company's technology leadership and customer-centric execution
- SK Chairman Chey Tae-won emphasizes: "Technological competitiveness must remain unwavering in challenging times"
- Commits to driving new customer value and leading global AI market growth as a "Full-Stack AI Memory Creator"
SEOUL, South Korea, Dec. 7, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has been named the winner of the Best Financially Managed Semiconductor Company Award (Achieving Greater than $1 Billion in Annual Sales)[1] and the Outstanding Asia-Pacific Semiconductor Company Award[2] at the Global Semiconductor Alliance (GSA)[3] Awards 2025, held on December 4 PST in Santa Clara, California.
| [1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry. |
| [2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success. |
| [3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members. |
The GSA Awards, organized annually since 1996, are regarded as the most prestigious honors in the global semiconductor sector, recognizing outstanding performance in leadership, financial results and industry reputation. SK hynix secured its second win in the financial management category following 2017, and its first recognition as the top Asia-Pacific semiconductor company. The dual achievement reinforces the company's reputation as a leading global technology innovator.
While the semiconductor industry faced a severe downturn just two years ago, the company has been the fastest to rebound thanks to its advanced AI memory technologies including HBM. This performance has resulted in global recognition for its operational excellence and financial execution. SK hynix plans to continue building sustainable growth with its dominant leadership in the AI memory market.
The awards reflect the company's proactive delivery of groundbreaking HBM solutions and its steadfast commitment to customer-centric performance in surging global AI demand. SK Chairman Chey Tae-won has consistently emphasized that securing technological competitiveness must remain unwavering, especially during challenging times. This long-term focus on technology investment and global cooperation network has contributed to the company's improved performance and reinforced financial health.
Driven by this strategy, SK hynix has recorded historic performance throughout 2025. For the first three quarters, the company reported revenue of 64 trillion won and operating profit of 28 trillion won in total, positioning it well to surpass its previous full-year earnings record set in 2024 (66 trillion won in revenue and 23 trillion won in operating profit).
Financial health has also significantly strengthened. As of the end of the third quarter, cash and cash equivalents reached 27.9 trillion won, up 10.9 trillion won quarter-over-quarter, while interest bearing debt decreased to 24.1 trillion won— successfully transitioning into a net cash position of approximately 4 trillion won.
To secure long-term leadership in AI memory, SK hynix is accelerating major investments. The Cheongju M15X fab, which opened its cleanroom earlier than planned in October, is on track to begin HBM mass production in the first half of next year. Construction of the first fab in the Yongin Semiconductor Cluster, launched in February, is also progressing ahead of schedule.
With its recent financial achievements and continued expansion, SK hynix is expected to further solidify its AI memory leadership going forward.
SK hynix was represented at the ceremony by Justin Kim, President & Head of AI Infra at SK hynix, and Sungsoo Ryu, President of SK hynix America. "It is a great honor to receive this award." Kim said, "We will continue to lead the market and create new value for customers as a Full-Stack AI Memory Creator, driving growth across the global AI ecosystem."
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
SEOUL, South Korea, Dec. 7, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has been named the winner of the Best Financially Managed Semiconductor Company Award (Achieving Greater than $1 Billion in Annual Sales)[1] and the Outstanding Asia-Pacific Semiconductor Company Award[2] at the Global Semiconductor Alliance (GSA)[3] Awards 2025, held on December 4 PST in Santa Clara, California.
| [1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry. |
| [2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success. |
| [3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members. |
[1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry.
[2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success.
[3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members.
The GSA Awards, organized annually since 1996, are regarded as the most prestigious honors in the global semiconductor sector, recognizing outstanding performance in leadership, financial results and industry reputation. SK hynix secured its second win in the financial management category following 2017, and its first recognition as the top Asia-Pacific semiconductor company. The dual achievement reinforces the company's reputation as a leading global technology innovator.
While the semiconductor industry faced a severe downturn just two years ago, the company has been the fastest to rebound thanks to its advanced AI memory technologies including HBM. This performance has resulted in global recognition for its operational excellence and financial execution. SK hynix plans to continue building sustainable growth with its dominant leadership in the AI memory market.
The awards reflect the company's proactive delivery of groundbreaking HBM solutions and its steadfast commitment to customer-centric performance in surging global AI demand. SK Chairman Chey Tae-won has consistently emphasized that securing technological competitiveness must remain unwavering, especially during challenging times. This long-term focus on technology investment and global cooperation network has contributed to the company's improved performance and reinforced financial health.
Driven by this strategy, SK hynix has recorded historic performance throughout 2025. For the first three quarters, the company reported revenue of 64 trillion won and operating profit of 28 trillion won in total, positioning it well to surpass its previous full-year earnings record set in 2024 (66 trillion won in revenue and 23 trillion won in operating profit).
Financial health has also significantly strengthened. As of the end of the third quarter, cash and cash equivalents reached 27.9 trillion won, up 10.9 trillion won quarter-over-quarter, while interest bearing debt decreased to 24.1 trillion won— successfully transitioning into a net cash position of approximately 4 trillion won.
To secure long-term leadership in AI memory, SK hynix is accelerating major investments. The Cheongju M15X fab, which opened its cleanroom earlier than planned in October, is on track to begin HBM mass production in the first half of next year. Construction of the first fab in the Yongin Semiconductor Cluster, launched in February, is also progressing ahead of schedule.
With its recent financial achievements and continued expansion, SK hynix is expected to further solidify its AI memory leadership going forward.
SK hynix was represented at the ceremony by Justin Kim, President & Head of AI Infra at SK hynix, and Sungsoo Ryu, President of SK hynix America. "It is a great honor to receive this award." Kim said, "We will continue to lead the market and create new value for customers as a Full-Stack AI Memory Creator, driving growth across the global AI ecosystem."
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SK hynix Honored with Two Major Titles at GSA Awards 2025
