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FWD Hong Kong unveils new FWD Tower headquarters

HK

FWD Hong Kong unveils new FWD Tower headquarters
HK

HK

FWD Hong Kong unveils new FWD Tower headquarters

2026-01-21 10:00 Last Updated At:22:57

A strategic milestone reinforcing its long-term commitment to the Hong Kong market and its firm positioning as a top-tier insurer

HONG KONG SAR - Media OutReach Newswire - 21 January 2026 - FWD Hong Kong ("FWD") today marked the official opening of its new headquarters, FWD Tower (formerly known as Devon House and officially renamed on 1 January 2026), in Taikoo Place, Quarry Bay. This move, aligning with FWD's strategic business growth, marks a significant milestone for the company. The prime Grade A commercial building consolidates FWD Hong Kong's various departments and tied agency force. It underscores FWD's confidence and long-term commitment to Hong Kong's position as an international financial centre, alongside the company's positive outlook for both its local and Mainland Chinese visitors businesses.

FWD Hong Kong unveils new FWD Tower headquarters FWD Hong Kong unveils new FWD Tower headquarters

To mark this significant occasion, Professor Frederick Ma, GBS, JP, FWD Group Chairman of the Board of Directors, Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, and Ken Lau, Managing Director of Greater China and Hong Kong Chief Executive Officer, FWD, jointly officiated the opening ceremony. Senior leaders from across FWD Group's pan-Asian markets were also present to witness this momentous event. Starting today, FWD will host a series of community celebration events in Taikoo Place for three consecutive days (20-22 January). These include partnering with nine Taikoo Place F&B establishments to offer food and beverages at Tong Chong Street, sharing the joy with Taikoo Place tenants and local community residents.

FWD management, celebrity guest Ms. Do Do Cheng and music duo FAMA participate in a toasting ceremony to celebrate the grand opening of FWD Tower. FWD management, celebrity guest Ms. Do Do Cheng and music duo FAMA participate in a toasting ceremony to celebrate the grand opening of FWD Tower.

New headquarters supports Hong Kong business growth and demonstrates long-term confidence in the Hong Kong market

Professor Frederick Ma, GBS, JP, FWD Group Chairman of the Board of Directors, said: "FWD Group is a homegrown, Hong Kong headquartered company that has innovated and expanded across Asia since its founding in 2013. Our successful listing on the Hong Kong Stock Exchange last year was a testament to our strategic vision and capabilities. Today, the opening of our new FWD Tower headquarters demonstrates our continued commitment to, and investment in, Hong Kong – our home. We are well positioned to continue to serve over 34 million customers and their families across Asia in 2026 and beyond."

Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, added: "At the heart of FWD, is our commitment to changing the way people feel about insurance with a human touch, powered by technology. Our new FWD Tower is a symbol of how far we have come on this journey, which first began here in Hong Kong. It's also a strong signal of the confidence we continue to have in Hong Kong as a well-regulated international financial centre and global risk management centre, attracting top talent, customers and capital. As we deepen our roots in one of Asia's most dynamic markets, this modern, world-class office is designed to inspire innovation, collaboration, and wellbeing among our employees as we execute our customer-led strategy."

FWD capitalises on business growth momentum, further enhancing its products and services to address protection gaps in the market

Ken Lau, Managing Director of Greater China and Hong Kong Chief Executive Officer, FWD, said, "Establishing our new headquarters is a significant commitment by FWD Hong Kong to our business growth. By consistently developing innovative, diversified, and customer-centric products, we have solidified our position among the top five pan-Asian insurers in Hong Kong by business scale1. Looking ahead, we will leverage our new headquarters to further enhance our product and service experience, actively addressing protection gaps in the market to maintain our leading edge. We look forward to continuing our close collaboration with Swire Properties, contributing to the vibrant business community at Taikoo Place, and jointly reinforcing Hong Kong's leading position as an international financial centre."

FWD's new Insurance Solutions Centre opens, set to enhance service following 12% customer volume increase in 2025

The new Insurance Solutions Centre (ISC), located on the 11th floor of FWD Tower, has officially commenced operations. It offers a comprehensive range of insurance services, including policy enquiries, data amendments, premium payments, and claims processing. The ISC boasts a bright and spacious design, featuring additional service counters and private meeting rooms to provide customers with an environment that prioritises both privacy and comfort. Equipped with advanced technology, the ISC delivers industry-leading express on-site claims processing and settlement in as fast as 30 minutes. In 2025, the centre served over 110,000 customers, marking a 12% year-on-year increase.

FWD Business Academy establishes new training base, building on over 300 training sessions held last year

Talent has always been a vital asset to FWD, and FWD Tower will serve as the new training base for the "FWD Business Academy." Equipped with multiple lecture halls featuring professional facilities, the Academy will continue to offer diverse and forward-looking courses, encompassing sales skills, team management, and professional knowledge, with the aim of actively expanding its tied agency force. In 2025 alone, the FWD Business Academy organised over 300 training courses and sharing sessions, dedicated to nurturing elites within the insurance industry.

Three-day community celebration commences as FWD's online insurance platform gifts 2,000 travel insurance policies

To share the joy of the grand opening with the community, FWD will host a major three-day celebration starting today (20 January) at Tong Chong Street in Taikoo Place. The first day of the event featured celebrity guest Ms. Do Do Cheng and music duo FAMA, creating an enthusiastic atmosphere. Throughout the celebration, attendees can enjoy complimentary snacks and drinks, flash mob dance performances, live music, and traditional lion dances. Furthermore, FWD's online insurance platform (fwd.com.hk/online) will be giving away 2,000 "FWD Travel" insurance policies for FWD MAX members to redeem2. Through these interactive experiences, FWD aims to inject vitality into the Taikoo Place community and to fulfill its brand promise to "Celebrate living".

Details of the community celebration:

Date Time Location Details
20 January 2026 (Tuesday) 2:30pm – 6:00pm Tong Chong Street, Taikoo Place, Quarry Bay Redeem complimentary snacks and beverages from FWD food trucks, featuring delicious offerings from our catering partners including: Enoteca, Hashtag B, Lady M, mhp by Tong Chong Street Market, Paul Lafayet, Pici, Pret A Manger, Quarter Coffee Shop, Sage & Salt. For details of the menu items, visit: https://fwdmax.fwd.com.hk/tc/Ticketing/FWDTOWER26.

Remarks:
- Exclusive for FWD MAX members from 21 to 22 January. Each member can only redeem a maximum of one F&B redemption pass.
- Limited supplies available on a first-come, first-served basis, while stocks last. Subject to terms and conditions.

21-22 January 2026 (Wednesday to Thursday) 12:00nn – 4:00pm
20-22 January 2026 (Tuesday to Thursday) Giveaway of 2,000 complimentary 'FWD Travel' insurance policies on FWD's online insurance platform
FWD MAX members who scan the QR code on-site at Tong Chong Street can redeem a free five-day Asia travel insurance policy (Economy Plan). This policy offers cover for overseas medical expenses up to HKD500,000 (including follow-up medical appointments in Hong Kong for accidental injuries, and traditional Chinese bone-setting, acupuncture, or physiotherapy), alongside overseas hospital cash benefits and emergency medical assistance.

Remarks:
- The QR code will be displayed at FWD food trucks during the event period.
- The offer is available on a first-come, first-served basis while stocks last. Subject to terms and conditions.
- "FWD Travel" (MyTravel Insurance) is underwritten by Bolttech Insurance (Hong Kong) Company Limited. All associated coverages are subject to the policy's terms and conditions.

The design and operation of FWD Tower fully embody sustainable development principles, perfectly aligning with Swire Properties' vision for environmental protection and community building. The office space incorporates a range of energy-saving and eco-friendly measures, including high-efficiency lighting systems, smart air-conditioning, and water-saving fixtures. Furthermore, internationally accredited environmentally friendly materials have been selected for the interior fit-out, fostering a healthy, green working environment for employees.

1 According to the Provisional Statistics on Hong Kong Long Term Insurance Business for January to June 2025 by the Insurance Authority of Hong Kong, FWD ranks among the top five pan-Asian insurers by both new business first year premium and new business case count. This assessment combines individual and group insurance businesses. A pan-Asian insurer is defined as a multinational insurance company with a substantial operational presence and diversified distribution channels across various Asian markets.

2 FWD online insurance platform is operated by FWD Financial Limited ("FWD Financial"). FWD Travel refers to "MyTravel Insurance" which is underwritten by Bolttech Insurance (Hong Kong) Company Limited ("bolttech Insurance"). FWD Financial Limited is an appointed and licensed insurance agency of bolttech Insurance. The product is bound by Terms and Conditions and exclusions.

Hashtag: #FWD

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

About FWD Hong Kong

FWD Hong Kong is part of the FWD Group (1828.HK), a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia.

FWD Hong Kong has been assigned strong financial ratings by international agencies. It offers life and medical insurance, employee benefits, and financial planning.

FWD's customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information about FWD Hong Kong, please visit .

HONG KONG SAR - Media OutReach Newswire - 21 January 2026 - FWD Hong Kong ("FWD") today marked the official opening of its new headquarters, FWD Tower (formerly known as Devon House and officially renamed on 1 January 2026), in Taikoo Place, Quarry Bay. This move, aligning with FWD's strategic business growth, marks a significant milestone for the company. The prime Grade A commercial building consolidates FWD Hong Kong's various departments and tied agency force. It underscores FWD's confidence and long-term commitment to Hong Kong's position as an international financial centre, alongside the company's positive outlook for both its local and Mainland Chinese visitors businesses.

FWD Hong Kong unveils new FWD Tower headquarters

FWD Hong Kong unveils new FWD Tower headquarters

To mark this significant occasion, Professor Frederick Ma, GBS, JP, FWD Group Chairman of the Board of Directors, Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, and Ken Lau, Managing Director of Greater China and Hong Kong Chief Executive Officer, FWD, jointly officiated the opening ceremony. Senior leaders from across FWD Group's pan-Asian markets were also present to witness this momentous event. Starting today, FWD will host a series of community celebration events in Taikoo Place for three consecutive days (20-22 January). These include partnering with nine Taikoo Place F&B establishments to offer food and beverages at Tong Chong Street, sharing the joy with Taikoo Place tenants and local community residents.

FWD management, celebrity guest Ms. Do Do Cheng and music duo FAMA participate in a toasting ceremony to celebrate the grand opening of FWD Tower.

FWD management, celebrity guest Ms. Do Do Cheng and music duo FAMA participate in a toasting ceremony to celebrate the grand opening of FWD Tower.

New headquarters supports Hong Kong business growth and demonstrates long-term confidence in the Hong Kong market

Professor Frederick Ma, GBS, JP, FWD Group Chairman of the Board of Directors, said: "FWD Group is a homegrown, Hong Kong headquartered company that has innovated and expanded across Asia since its founding in 2013. Our successful listing on the Hong Kong Stock Exchange last year was a testament to our strategic vision and capabilities. Today, the opening of our new FWD Tower headquarters demonstrates our continued commitment to, and investment in, Hong Kong – our home. We are well positioned to continue to serve over 34 million customers and their families across Asia in 2026 and beyond."

Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, added: "At the heart of FWD, is our commitment to changing the way people feel about insurance with a human touch, powered by technology. Our new FWD Tower is a symbol of how far we have come on this journey, which first began here in Hong Kong. It's also a strong signal of the confidence we continue to have in Hong Kong as a well-regulated international financial centre and global risk management centre, attracting top talent, customers and capital. As we deepen our roots in one of Asia's most dynamic markets, this modern, world-class office is designed to inspire innovation, collaboration, and wellbeing among our employees as we execute our customer-led strategy."

FWD capitalises on business growth momentum, further enhancing its products and services to address protection gaps in the market

Ken Lau, Managing Director of Greater China and Hong Kong Chief Executive Officer, FWD, said, "Establishing our new headquarters is a significant commitment by FWD Hong Kong to our business growth. By consistently developing innovative, diversified, and customer-centric products, we have solidified our position among the top five pan-Asian insurers in Hong Kong by business scale1. Looking ahead, we will leverage our new headquarters to further enhance our product and service experience, actively addressing protection gaps in the market to maintain our leading edge. We look forward to continuing our close collaboration with Swire Properties, contributing to the vibrant business community at Taikoo Place, and jointly reinforcing Hong Kong's leading position as an international financial centre."

FWD's new Insurance Solutions Centre opens, set to enhance service following 12% customer volume increase in 2025

The new Insurance Solutions Centre (ISC), located on the 11th floor of FWD Tower, has officially commenced operations. It offers a comprehensive range of insurance services, including policy enquiries, data amendments, premium payments, and claims processing. The ISC boasts a bright and spacious design, featuring additional service counters and private meeting rooms to provide customers with an environment that prioritises both privacy and comfort. Equipped with advanced technology, the ISC delivers industry-leading express on-site claims processing and settlement in as fast as 30 minutes. In 2025, the centre served over 110,000 customers, marking a 12% year-on-year increase.

FWD Business Academy establishes new training base, building on over 300 training sessions held last year

Talent has always been a vital asset to FWD, and FWD Tower will serve as the new training base for the "FWD Business Academy." Equipped with multiple lecture halls featuring professional facilities, the Academy will continue to offer diverse and forward-looking courses, encompassing sales skills, team management, and professional knowledge, with the aim of actively expanding its tied agency force. In 2025 alone, the FWD Business Academy organised over 300 training courses and sharing sessions, dedicated to nurturing elites within the insurance industry.

Three-day community celebration commences as FWD's online insurance platform gifts 2,000 travel insurance policies

To share the joy of the grand opening with the community, FWD will host a major three-day celebration starting today (20 January) at Tong Chong Street in Taikoo Place. The first day of the event featured celebrity guest Ms. Do Do Cheng and music duo FAMA, creating an enthusiastic atmosphere. Throughout the celebration, attendees can enjoy complimentary snacks and drinks, flash mob dance performances, live music, and traditional lion dances. Furthermore, FWD's online insurance platform (fwd.com.hk/online) will be giving away 2,000 "FWD Travel" insurance policies for FWD MAX members to redeem2. Through these interactive experiences, FWD aims to inject vitality into the Taikoo Place community and to fulfill its brand promise to "Celebrate living".

Details of the community celebration:

Date Time Location Details
20 January 2026 (Tuesday) 2:30pm – 6:00pm Tong Chong Street, Taikoo Place, Quarry Bay Redeem complimentary snacks and beverages from FWD food trucks, featuring delicious offerings from our catering partners including: Enoteca, Hashtag B, Lady M, mhp by Tong Chong Street Market, Paul Lafayet, Pici, Pret A Manger, Quarter Coffee Shop, Sage & Salt. For details of the menu items, visit: https://fwdmax.fwd.com.hk/tc/Ticketing/FWDTOWER26.

Remarks:
- Exclusive for FWD MAX members from 21 to 22 January. Each member can only redeem a maximum of one F&B redemption pass.
- Limited supplies available on a first-come, first-served basis, while stocks last. Subject to terms and conditions.

21-22 January 2026 (Wednesday to Thursday) 12:00nn – 4:00pm
20-22 January 2026 (Tuesday to Thursday) Giveaway of 2,000 complimentary 'FWD Travel' insurance policies on FWD's online insurance platform
FWD MAX members who scan the QR code on-site at Tong Chong Street can redeem a free five-day Asia travel insurance policy (Economy Plan). This policy offers cover for overseas medical expenses up to HKD500,000 (including follow-up medical appointments in Hong Kong for accidental injuries, and traditional Chinese bone-setting, acupuncture, or physiotherapy), alongside overseas hospital cash benefits and emergency medical assistance.

Remarks:
- The QR code will be displayed at FWD food trucks during the event period.
- The offer is available on a first-come, first-served basis while stocks last. Subject to terms and conditions.
- "FWD Travel" (MyTravel Insurance) is underwritten by Bolttech Insurance (Hong Kong) Company Limited. All associated coverages are subject to the policy's terms and conditions.

Remarks:
- Exclusive for FWD MAX members from 21 to 22 January. Each member can only redeem a maximum of one F&B redemption pass.
- Limited supplies available on a first-come, first-served basis, while stocks last. Subject to terms and conditions.

Remarks:
- The QR code will be displayed at FWD food trucks during the event period.
- The offer is available on a first-come, first-served basis while stocks last. Subject to terms and conditions.
- "FWD Travel" (MyTravel Insurance) is underwritten by Bolttech Insurance (Hong Kong) Company Limited. All associated coverages are subject to the policy's terms and conditions.

The design and operation of FWD Tower fully embody sustainable development principles, perfectly aligning with Swire Properties' vision for environmental protection and community building. The office space incorporates a range of energy-saving and eco-friendly measures, including high-efficiency lighting systems, smart air-conditioning, and water-saving fixtures. Furthermore, internationally accredited environmentally friendly materials have been selected for the interior fit-out, fostering a healthy, green working environment for employees.

1 According to the Provisional Statistics on Hong Kong Long Term Insurance Business for January to June 2025 by the Insurance Authority of Hong Kong, FWD ranks among the top five pan-Asian insurers by both new business first year premium and new business case count. This assessment combines individual and group insurance businesses. A pan-Asian insurer is defined as a multinational insurance company with a substantial operational presence and diversified distribution channels across various Asian markets.

2 FWD online insurance platform is operated by FWD Financial Limited ("FWD Financial"). FWD Travel refers to "MyTravel Insurance" which is underwritten by Bolttech Insurance (Hong Kong) Company Limited ("bolttech Insurance"). FWD Financial Limited is an appointed and licensed insurance agency of bolttech Insurance. The product is bound by Terms and Conditions and exclusions.

Hashtag: #FWD

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

About FWD Hong Kong

FWD Hong Kong is part of the FWD Group (1828.HK), a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia.

FWD Hong Kong has been assigned strong financial ratings by international agencies. It offers life and medical insurance, employee benefits, and financial planning.

FWD's customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information about FWD Hong Kong, please visit .

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

Revenue Up 35.4% Year-on-Year API Token Call Volume Surges Nearly 6 Times

HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - Phancy Group Co., Ltd. ("Phancy" or "The Company", stock code: 6682.HK), a leading general artificial intelligence company, today announced its unaudited consolidated results for the first quarter ended 31 March 2026.

During the period, Phancy achieved revenue of approximately RMB1.458 billion, representing a 35.4% year-on-year increase. Gross profit margin remained at 35.1%. Phancy leveraged its deep expertise in full-stack AI cloud services, to capitalize on the accelerating adoption of localized computing power and strong enterprise demand for AI solutions. The Company achieved robust growth in its core businesses, accelerated product innovation, and secured several major partnerships, sustaining strong operational momentum.

2026 First Quarter Business Highlights:

Unified Enterprise AI Platform Drives Explosive Core Business Growth

Global computing resources remain constrained, while demand for both private enterprise AI deployments and API-based model calls continues to grow rapidly. Phancy's enterprise-grade AI platform is built on a unified core architecture that seamlessly supports both API calling scenarios and dedicated private deployments. This significantly boosts AI application efficiency and resource utilization. Supported by a mature computing power supply chain developed over many years, Phancy's deployable computing power resources have increased by over 200%. This enables the Company to effectively meet surging Token demand and consistently deliver stable, high-quality AI services to its customers.

In the first quarter of 2026, API Token call volume surged nearly 6 times compared to the same period in 2025, and already accounted for nearly 40% of the full-year 2025 total. Meanwhile, the Agentic AI business expanded rapidly, with deepening commercial adoption. Orders on hand grew nearly 100% compared to the end of 2025, emerging as a major growth driver for the Company.

AI Technology Iteration Accelerates, Commercialization Beats Expectations

Building on its continued push into digital employee applications and AI empowerment across business units, Phancy has significantly shortened the product development cycle from R&D to commercialization, enhancing overall operational efficiency and customer satisfaction.

As of mid-May 2026, ModelHub XC has completed adaptation and optimization for over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target - well ahead of schedule.

In May, Phancy launched PhanthyMovie, a professional-grade AI video generation platform designed to enhance creativity, control, and stability in video production, enabling standardized and large-scale content creation for the industry.

Leveraging its advanced technology and proven execution capabilities, PhanthyMovie achieved rapid commercial traction. Just days after launch, the Company entered into a strategic cooperation agreement with Huanxi Media, covering approximately US$200 million in AI Token usage. The two parties will also collaborate on the development of a next-generation AI-powered film and television content production platform, further strengthening Phancy's position in the AI-driven cultural and creative sector.

Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration

Since May 2026, China's AI sector has seen a series of positive policy developments focused on computing infrastructure, data element circulation, and open-source compliance governance. Phancy's core products, including HAMi vGPU and ModelHub XC, are well-aligned with national policy directions and mainstream industry trends.

In terms of computing resource allocation, policies emphasize cross-regional collaboration and broader access to computing power. Phancy's HAMi vGPU offers unified scheduling and fine-grained resource partitioning, effectively improving utilization rates, optimizing data center energy efficiency, and supporting unified management across multiple chips to boost single-card efficiency.

In data and model governance, the government continues to promote high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporates data traceability and security certification features to help enterprises reduce compliance risks, and uses the EngineX engine for batch adaptation of domestic chips and models. This significantly improves compatibility while enhancing Token output efficiency through targeted model tuning.

Through deep integration of its computing and model layers, Phancy has built a comprehensive "Compute–Model" integrated solution. This addresses key industry needs such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while strengthening its technological moat. The Company is well positioned to capture policy dividends and industry opportunities, supporting enterprises in their digital and intelligent transformation.

Hashtag: #PhancyGroup

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

About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient "Token Factory."

Guided by the mission of "AI for Everyone" and positioned as the "Navigator of AI," Phancy Group is committed to becoming a global leader in Artificial General Intelligence.

HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - Phancy Group Co., Ltd. ("Phancy" or "The Company", stock code: 6682.HK), a leading general artificial intelligence company, today announced its unaudited consolidated results for the first quarter ended 31 March 2026.

During the period, Phancy achieved revenue of approximately RMB1.458 billion, representing a 35.4% year-on-year increase. Gross profit margin remained at 35.1%. Phancy leveraged its deep expertise in full-stack AI cloud services, to capitalize on the accelerating adoption of localized computing power and strong enterprise demand for AI solutions. The Company achieved robust growth in its core businesses, accelerated product innovation, and secured several major partnerships, sustaining strong operational momentum.

2026 First Quarter Business Highlights:

Unified Enterprise AI Platform Drives Explosive Core Business Growth

Global computing resources remain constrained, while demand for both private enterprise AI deployments and API-based model calls continues to grow rapidly. Phancy's enterprise-grade AI platform is built on a unified core architecture that seamlessly supports both API calling scenarios and dedicated private deployments. This significantly boosts AI application efficiency and resource utilization. Supported by a mature computing power supply chain developed over many years, Phancy's deployable computing power resources have increased by over 200%. This enables the Company to effectively meet surging Token demand and consistently deliver stable, high-quality AI services to its customers.

In the first quarter of 2026, API Token call volume surged nearly 6 times compared to the same period in 2025, and already accounted for nearly 40% of the full-year 2025 total. Meanwhile, the Agentic AI business expanded rapidly, with deepening commercial adoption. Orders on hand grew nearly 100% compared to the end of 2025, emerging as a major growth driver for the Company.

AI Technology Iteration Accelerates, Commercialization Beats Expectations

Building on its continued push into digital employee applications and AI empowerment across business units, Phancy has significantly shortened the product development cycle from R&D to commercialization, enhancing overall operational efficiency and customer satisfaction.

As of mid-May 2026, ModelHub XC has completed adaptation and optimization for over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target - well ahead of schedule.

In May, Phancy launched PhanthyMovie, a professional-grade AI video generation platform designed to enhance creativity, control, and stability in video production, enabling standardized and large-scale content creation for the industry.

Leveraging its advanced technology and proven execution capabilities, PhanthyMovie achieved rapid commercial traction. Just days after launch, the Company entered into a strategic cooperation agreement with Huanxi Media, covering approximately US$200 million in AI Token usage. The two parties will also collaborate on the development of a next-generation AI-powered film and television content production platform, further strengthening Phancy's position in the AI-driven cultural and creative sector.

Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration

Since May 2026, China's AI sector has seen a series of positive policy developments focused on computing infrastructure, data element circulation, and open-source compliance governance. Phancy's core products, including HAMi vGPU and ModelHub XC, are well-aligned with national policy directions and mainstream industry trends.

In terms of computing resource allocation, policies emphasize cross-regional collaboration and broader access to computing power. Phancy's HAMi vGPU offers unified scheduling and fine-grained resource partitioning, effectively improving utilization rates, optimizing data center energy efficiency, and supporting unified management across multiple chips to boost single-card efficiency.

In data and model governance, the government continues to promote high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporates data traceability and security certification features to help enterprises reduce compliance risks, and uses the EngineX engine for batch adaptation of domestic chips and models. This significantly improves compatibility while enhancing Token output efficiency through targeted model tuning.

Through deep integration of its computing and model layers, Phancy has built a comprehensive "Compute–Model" integrated solution. This addresses key industry needs such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while strengthening its technological moat. The Company is well positioned to capture policy dividends and industry opportunities, supporting enterprises in their digital and intelligent transformation.

Hashtag: #PhancyGroup

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

About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient "Token Factory."

Guided by the mission of "AI for Everyone" and positioned as the "Navigator of AI," Phancy Group is committed to becoming a global leader in Artificial General Intelligence.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

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