HANOI, VIETNAM - Media OutReach Newswire - 6 April 2026 - On April 6, 2026, three Vingroup member organizations—the "For Green Future" Foundation, VinUniversity, and VinTechTalent (Vingroup Young Technology Talent Club) - officially launched the Asian Hackathon for Green Future, a competition dedicated to developing technology-driven solutions for a sustainable future. Open to undergraduate and master's students from universities across Asia, the competition offers a total prize pool of USD 24,000.
The Asian Hackathon for Green Future officially opened for registration on April 6, 2026, marking the start of the competition, with a total prize pool of USD 24,000. Photo courtesy of the “For Green Future” Foundation.
This marks the first time an Asia-wide environmental hackathon exclusively for undergraduate and master's students is held in Vietnam. The competition aims to identify and develop technology-driven solutions to pressing environmental challenges, while fostering innovation and interdisciplinary collaboration among the younger generation.
Participants will advance through three main stages: Registration & Preliminary (April 6 - May 17, 2026); Online Training Phase (June 2 - June 28, 2026); and Final Round & Hackathon at VinUniversity (July 2 - July 5, 2026, tentative).
During the Registration & Preliminary Round, participants register online in teams of up to four members. Eligible applicants must be current undergraduate or master's students at universities across Asia.
Application materials include an idea proposal and an introductory video. Based on evaluation by the Technical Board, the Top 30 teams will be selected to advance to the next stage.
The competition encourages interdisciplinary ideas that integrate multiple fields—including technology, environmental sciences, economics, and social sciences—with the aim of creating solutions that are innovative, feasible, and socially impactful.
Proposed ideas should address one of three key challenge areas: Renewable Energy and Low-Carbon Mobility; Urban Air Quality and Climate Resilience; Water Resources and Climate-Resilient Agriculture.
During the Online Training Round, the Top 30 teams will participate in a series of intensive training sessions and expert consultations with multidisciplinary specialists. These sessions are designed to equip teams with deeper domain knowledge and up-to-date insights on sustainability trends and relevant technologies, enabling them to further refine and expand their proposed solutions.
During the Final Round and Award Ceremony, all travel and accommodation expenses for the Top 30 teams will be fully covered. The teams will take part in a 24-hour hackathon at VinUniversity (Hanoi), where they will further develop and refine their technology-driven solutions before presenting them to the Judging Panel. Based on this evaluation, the Top 9 teams will be selected to advance to the final assessment round, from which the winning team will be determined.
The Chair of the Judging Panel is Prof. Duong Nguyen Vu, Vice Provost of Graduate Education at VinUniversity and Chief Scientific Officer at the Center for AI Research. He had been a Professor of Aerospace Engineering at Nanyang Technological University (NTU), Singapore until July 2025, where he served as Scientific Director at the Air Traffic Management Research Institute (ATMRI). Under his leadership—as Executive Director until 2025—the institute has emerged as a global leader in air traffic management research, thanks in large part to the scientific foundation he helped establish. Before joining NTU, Prof. Vu was the founding Director of the John von Neumann Institute at Vietnam National University Ho Chi Minh City, spearheading university-industry collaborations and championing innovation and entrepreneurship in education.
Prior to returning to Vietnam in 2010, he was Head of Innovative Research and Senior Scientific Advisor at the European Organisation for the Safety of Air Navigation (EUROCONTROL). He also advised Vietnam's Minister of Planning and Investment on innovation strategy, contributing to the establishment of the National Innovation Center.
The competition offers a total prize pool of USD 24,000, comprising one First Prize of USD 8,000, one Second Prize of USD 5,000, two Third Prizes of USD 3,000 each, and five Consolation Prizes of USD 1,000 each. Beyond the awards, participating teams will gain valuable opportunities to engage with leading experts from across the region, expand their professional networks, and strengthen their access to the broader innovation ecosystem.
Dr. Le Thai Ha, Managing Director of the "For Green Future" Foundation and Head of the Organizing Committee, shared: "We believe that ideas with the power to shape the future do not always emerge from large laboratories or well-established institutions; they often arise from the insight, initiative, and determination of young people to make a difference. Through the Asian Hackathon for Green Future, we seek to create a platform where students across the region can transform their environmental awareness into tangible, innovative solutions that deliver meaningful impact for communities and the future."
The Asian Hackathon for Green Future is expected to foster innovation aligned with sustainable development, while contributing to the development of a new generation of young talents capable of cross-border collaboration to create solutions with lasting, positive impact across the region.
Interested candidates may register for the competition via: https://forms.gle/o3L5BVLExUYKQtGJA
For any inquiries, please contact the Organizing Committee at hackathon@foundationforgreenfuture.com for further assistance.
Hashtag: #ForGreenFutureFund
The issuer is solely responsible for the content of this announcement.
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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.
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