HKSTP Debuts at SWITCH 2025 Singapore with Hong Kong Startups Shining at Prestigious SLINGSHOT Pitch Event

Hong Kong and Singapore innovation ecosystems to spark GBA-ASEAN growth

HONG KONG SAR - Media OutReach Newswire - 11 November 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) showcased a delegation of 10 standout startups from AI, Urban & Environment and Health & Wellness for its first-ever HKSTP pavilion at Singapore Week of Innovation and Technology (SWITCH) 2025, held on 29-31 October. Under Singapore's 60^th Anniversary celebration, the flagship innovation event gathered the city-state's leading innovation community figures and dives deep into frontier technologies.

HKSTP exhibitors at SWITCH 2025.

Hong Kong and Singapore serve as the strategic gateways to China's Greater Bay Area (GBA) and the ASEAN regions respectively. A recent HKTDC survey revealed that GBA enterprises rank ASEAN as their top choice for overseas expansion. Highlighting ASEAN's close integration, the survey also highlighted 60% of GBA enterprises planned to launch into ASEAN market over the next three years, with Singapore as one of its gateways venturing into ASEAN. Hong Kong stands out as a vital regional trade and innovation hub connecting GBA startups and enterprises to the ASEAN opportunity.

Derek Chim, Head of Startup Ecosystem and Development at HKSTP, stated: "Hong Kong acts as a vital superconnector between innovators and enterprises in the corridor linking ASEAN and GBA or Mainland China. As Hong Kong's largest I&T ecosystem with deep tech expertise, HKSTP is uniquely positioned to foster co-creation between these regions together with Singapore, driving joint innovation in AI, biotech, fintech, and beyond."

As one of the two park companies participated in SLINGSHOT 2025, WomenX was awarded the Health and Biomedical Domain Winner and won S$60,000 Startup SG grant. The other park company, OKOSix made it to the Top 60 Global Startups. Both companies earned a sponsored trip to Singapore to participate in the Physical Immersion Programme and gained eligibility for EntrePass, Singapore's work visa for international entrepreneurs.

Meanwhile, the startup delegation attracted numerous visitors to the HKSTP Pavilion and facilitated over 100 business matchings generating HK$20 million in business pipeline.

Hatch is an innovation centre established by Singapore's HTX (Home Team Science & Technology Agency), and the following 2 startups from HKSTP were selected for the open innovation challenge Dimension X and inaugural cohort of the In-Beta experiment programme. eSIX showcased their completed proof-of-concept (PoC) for Hatch's open innovation challenge Dimension X Cohort 6, whereas Weitu AI showcased their proof-of-technology (PoT) as part of the inaugural In-Beta Cohort 1. Highlights included:

• Weitu AI – AI-powered anomaly detection for video feeds from CCTVs and drones.
• eSIX – Resilient, maritime communication integrating 5G, satellite and mesh.

Hashtag: #HKSTP #SWITCH2025 #Innovation #Startups #AI #HealthTech

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

HONG KONG SAR - Media OutReach Newswire - 11 November 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) showcased a delegation of 10 standout startups from AI, Urban & Environment and Health & Wellness for its first-ever HKSTP pavilion at Singapore Week of Innovation and Technology (SWITCH) 2025, held on 29-31 October. Under Singapore's 60^th Anniversary celebration, the flagship innovation event gathered the city-state's leading innovation community figures and dives deep into frontier technologies.

HKSTP exhibitors at SWITCH 2025.

Hong Kong and Singapore serve as the strategic gateways to China's Greater Bay Area (GBA) and the ASEAN regions respectively. A recent HKTDC survey revealed that GBA enterprises rank ASEAN as their top choice for overseas expansion. Highlighting ASEAN's close integration, the survey also highlighted 60% of GBA enterprises planned to launch into ASEAN market over the next three years, with Singapore as one of its gateways venturing into ASEAN. Hong Kong stands out as a vital regional trade and innovation hub connecting GBA startups and enterprises to the ASEAN opportunity.

Derek Chim, Head of Startup Ecosystem and Development at HKSTP, stated: "Hong Kong acts as a vital superconnector between innovators and enterprises in the corridor linking ASEAN and GBA or Mainland China. As Hong Kong's largest I&T ecosystem with deep tech expertise, HKSTP is uniquely positioned to foster co-creation between these regions together with Singapore, driving joint innovation in AI, biotech, fintech, and beyond."

As one of the two park companies participated in SLINGSHOT 2025, WomenX was awarded the Health and Biomedical Domain Winner and won S$60,000 Startup SG grant. The other park company, OKOSix made it to the Top 60 Global Startups. Both companies earned a sponsored trip to Singapore to participate in the Physical Immersion Programme and gained eligibility for EntrePass, Singapore's work visa for international entrepreneurs.

Meanwhile, the startup delegation attracted numerous visitors to the HKSTP Pavilion and facilitated over 100 business matchings generating HK$20 million in business pipeline.

Hatch is an innovation centre established by Singapore's HTX (Home Team Science & Technology Agency), and the following 2 startups from HKSTP were selected for the open innovation challenge Dimension X and inaugural cohort of the In-Beta experiment programme. eSIX showcased their completed proof-of-concept (PoC) for Hatch's open innovation challenge Dimension X Cohort 6, whereas Weitu AI showcased their proof-of-technology (PoT) as part of the inaugural In-Beta Cohort 1. Highlights included:

• Weitu AI – AI-powered anomaly detection for video feeds from CCTVs and drones.
• eSIX – Resilient, maritime communication integrating 5G, satellite and mesh.

Hashtag: #HKSTP #SWITCH2025 #Innovation #Startups #AI #HealthTech

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

Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,500 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at www.hkstp.org.

** The press release content is from Media OutReach Newswire. Bastille Post is not involved in its creation. **

Refreshed five-year Encompass roadmap highlights accelerated fleet decarbonisation and proactive talent integration as key competitive advantages

HONG KONG SAR - Media OutReach Newswire – 17 June 2026 - The Caravel Group, a diversified global conglomerate with core businesses in maritime services, commodity trading and investment management, today released its fifth annual Responsibility Report, Encompass. The report details the Group's progress, key achievements and future targets in running a sustainable and resilient business, with a particular focus on its ship management subsidiary, Fleet Management Limited.

The Caravel Group’s 5th Annual ESG Report Outlines Strategic Resilience in Global Shipping

Guided by the four core pillars of the Encompass strategy—Navigating Responsibly, Evolving Environmental Stewardship, Safeguarding People and Working Together—the 2025 report demonstrates how the Group has successfully translated high-level ESG ambitions into measurable, accountable day-to-day operational practices across ship and shore.

Dr. Harry S. Banga, Founder & Executive Chairman of The Caravel Group, said: "Five years ago, we established Encompass as our guiding compass. This fifth annual report is a testament to how we have built a business trusted to perform responsibly, adapt with discipline and remain relevant in a volatile maritime industry. By formally embedding ESG metrics into performance reviews for all onshore employees and establishing strategic initiatives like our LNG bunkering joint venture, we have ensured that responsibility and performance are no longer separate conversations."

Key Sustainable Milestones in 2025:

1. Evolving Environmental Stewardship & Accelerated Decarbonisation

• The Group achieved a 42% reduction in managed ship GHG emission intensity from its 2008 baseline, significantly exceeding its established 2030 target of a 30% reduction.
• Currently, 74% of the managed fleet is equipped with advanced Energy Saving Devices (ESDs), including high-performance hull paint, Propeller Boss Cap Fins (PBCFs) and variable speed motors, keeping the Group firmly on track to equip 100% of its fleet by 2030.
• The Caravel Group entered a strategic joint venture with Celsius Shipping to co-own and operate a new fleet of high-specification LNG bunkering vessels, supporting the maritime sector's wider transition towards cleaner fuels.

2. Navigating Responsibly & Digital Innovation

• The Group continued the active pilot deployment of Captain's Eye, an AI-powered maritime safety solution using onboard CCTV to detect smoke, leaks and safety hazards in real-time.
• Upgrades to PARIS (integrated fleet management platform) and NOVA (data analytics) provided vessel owners with real-time financial, EU ETS and FuelEU Maritime compliance reporting, bolstering transparency and proactive risk management.

3. Safeguarding People & Safety Excellence

• Port State Control (PSC) detentions across the fleet plummeted from 22 in 2023 to just 5 in 2025, driven by the Group's increasingly rigorous safety protocols and strengthened reporting discipline.
• The Group recorded an exceptional 91% wellbeing score in its annual employee survey, surpassing its 78% target set for 2028 ahead of schedule.

4. Working Together, Talent & Community Engagement

• Following its landmark acquisition of the International Maritime Institute (IMI) in India, the Group integrated a highly reliable, Group-aligned talent channel, welcoming over 500 job-ready cadets to Fleet Management in 2025.
• The Caravel Group recorded a 92% employee engagement score and a 93% Diversity, Equity and Inclusion (DEI) score.
• In line with its pledge to commit at least 2% of average net profits over the previous three years to social causes, the Group contributed USD 1,529,993 to community partnerships, education initiatives and disaster relief programmes.

Mr. Angad Banga, Group Chief Executive Officer of The Caravel Group, added: "In today's market, sustainability is no longer a future consideration—it is an active operating condition. Regulatory frameworks like FuelEU Maritime and EU ETS carry real economic consequences, and our clients look to us for the systems, judgment and commercial depth to navigate this landscape. By pairing digital tools with a robust talent pipeline through the IMI, we are building organisational capability before the moment it is needed, creating a lasting competitive advantage."

To explore the detailed performance data, future targets, and the full version of the Encompass: Responsibility Report 2025, please visit The Caravel Group Website: https://www.caravel-group.com/our-impact/responsibility-reports

Hashtag: #FleetManagementLimited

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

About The Caravel Group Limited

The Caravel Group, headquartered in Hong Kong, is a privately held and globally diversified group with operations across maritime services, dry bulk commodity trading, institutional investment management, and philanthropy. Its maritime division includes Fleet Management Limited, one of the world's largest third‑party ship managers, with more than 500 vessels under management, and strategic investments, including a major stake in Pacific Basin (HKEX: 2343). Caravel also owns the International Maritime Institute (IMI) in India, reinforcing its commitment to maritime talent development. Through Caravel Asset Management, the Group invests globally across public markets and private equity, while its philanthropic arm, The Caravel Foundation, supports the education and well-being of underprivileged youth across Hong Kong, China, and India.

Learn more: www.caravel-group.com

About Fleet Management Limited

Fleet Management Limited, part of The Caravel Group, is one of the world's largest third‑party ship managers, with more than 500 vessels under management. This scale bears testament to the resilience and commitment of thousands of seafarers and onshore maritime professionals serving shipowners worldwide.

Fleet manages a range of vessels, including bulk carriers, containers, car carriers, oil tankers, gas carriers and chemical tankers from 600 to 320,000 DWT in size – with many being young and energy-efficient with an age profile below the industry average. The company also has a dynamic newbuilding supervision department.

Learn more: www.fleetship.com

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