Dr Maye Musk, author, supermodel, and dietitian, speaks at the Prudential Leadership Forum

Shares perspectives on leadership, resilience and legacy with nearly 1,000 customers, young professionals, and aspiring leaders

HONG KONG SAR – Media OutReach Newswire – 4 October 2026 – Prudential Hong Kong Limited ("Prudential") welcomed Dr Maye Musk, a globally renowned author, supermodel and dietitian, to the Prudential Leadership Forum, titled Beyond Success: The Blueprint for Leadership, Resilience and Legacy, held on 3 October 2026.

(From left) Lawrence Lam, Chief Executive Officer, Prudential Hong Kong Limited; Dr Maye Musk; and Angel Ng, Regional CEO, Greater China; Group Customer and Wealth, Prudential plc, at the Prudential Leadership Forum, where they shared perspectives on leadership, resilience and legacy planning across generations.

Nearly 1,000 VIP customers, young professionals, aspiring leaders and top-performing financial consultants came together for a conversation on resilience, reinvention and the values that shape lasting family legacies.

Opening the forum, Lawrence Lam, Chief Executive Officer, Prudential Hong Kong Limited, highlighted Prudential's commitment to customers: "Prudential has earned enduring trust with families by actively listening to their evolving needs across generations. Sustaining that trust requires a forward-looking vision, creating meaningful opportunities for customers to connect with visionary leaders and fresh perspectives. Dr Maye Musk's journey is a powerful reminder that experience, resilience and ambition can open new possibilities at every stage of life. "

The centerpiece of the day was an engaging fireside chat between Dr Musk and Angel Ng, Regional CEO, Greater China; Group Customer and Wealth, Prudential plc. Through the exchange, Dr Musk shared candid reflections on rebuilding her career across life stages and countries, empowering her three children to pursue their distinct ambitions, and wealth succession.

Reflecting on her journey, Dr Musk said: "Success is rarely a straight line. Throughout my life, I have had to start over, adapt and embrace new opportunities, often when others thought it was too late. What I have learned is that resilience is built through action, not certainty. Whether as a parent, a professional or a leader, our role is not to create a perfect path for the next generation, but to give them the confidence, values and independence to create their own. Lasting legacies are built not by removing challenges, but by helping others develop the strength to navigate them."

Angel highlighted Prudential's vision for legacy: "In today's rapidly evolving world, planning for the next generation is about more than passing on financial wealth. It is also about passing on the values and judgement that help them make informed decisions and pursue their aspirations. When families pair clear principles with the confidence to make their own choices, they can protect what they have built while creating a stronger foundation for generations to come. Prudential supports families in planning ahead, passing on their wealth with confidence, and building a brighter tomorrow."

Building on the theme of preparing for the future, the forum then turned to the city's distinctive advantages and emerging opportunities for talent through a panel discussion titled Hong Kong: Where Global Wealth and Talent Converge. Felix Chan, the Director of Hong Kong Talent Engage; and Jason Fong, Global Head of Family Office at Invest Hong Kong shared perspectives on how the leaders of tomorrow can learn, grow and thrive in Hong Kong.

By bringing together forward-looking perspectives and opportunities to engage with global leaders, Prudential continues to support customers at every stage of life, helping them plan for their health and financial wellbeing, protect what matters most, and build resilience for the future. This commitment is also reflected in value-added platforms such as PruNextGen, through which we support families in planning early for their children's future, broadening their horizons and laying the foundations for lifelong success.

Hashtag: #PrudentialLeadershipForum

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

About Prudential Hong Kong Limited

Prudential has been serving the people of Hong Kong since 1964. Through Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited, the Company provides a range of financial planning services and products, including individual life insurance, investment-linked insurance, retirement solutions, health and medical protection, general insurance, and employee benefits to protect over 1.41 million customers in Hong Kong. Beyond Hong Kong, Prudential serves the Macau community through its branch, offering health insurance and financial solutions to complete its footprint in the Greater Bay Area. Visit www.prudential.com.hk for more information.

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SHANGHAI, CHINA – Media OutReach Newswire – 3 October 2026 – China News Service (CNS) praises Shanghai Electric's recent contract for Unit 3 of the Samalaju Combined Cycle Gas Turbine (CCGT) Project in Sarawak, Malaysia, highlighting it as the first overseas deployment of a heavy-duty gas turbine manufactured by the Chinese company.

Caption:Shanghai Electric's heavy-duty gas turbine makes its overseas debut

The deal is seen as a milestone in the international commercialization of China's heavy-duty gas turbine technology, CNS said in a news report issued on Sept. 29.

According to the report, Shanghai Electric will provide a complete package of major equipment for the 500-megawatt-class power plant, including gas and steam turbines, generators, heat recovery steam generators (HRSGs) and an air-cooled system.

It will also serve as an engineering, procurement and construction (EPC) contractor and provide long-term lifecycle services covering the major equipment,.

"This is not simply an equipment export, but a substantive breakthrough for China's heavy-duty gas turbines in international commercial competition," Li Wenkai, deputy head of the Power Generation Engineering Consultancy Department under the China Electric Power Planning & Engineering Institute, quoted as saying by CNS.

Meanwhile, Shanghai Electric is also providing an integrated solution, with the core equipment manufactured within its own industrial system and coordinated under a unified project framework, CNS said.

Unlike projects that combine equipment from multiple suppliers, this model reduces the need for owners or EPC contractors to coordinate interfaces, technical parameters and control systems across different vendors. It also brings responsibility, technical interfaces, performance guarantees and project management under a unified framework, said the report.

"The Malaysian market is a mature commercial market, where clients make equipment selections based on technology, delivery and full lifecycle costs," Liu Zhitan, deputy director of the Gas Turbine Power Generation Specialized Committee of the Chinese Society for Electrical Engineering, told CNS.

The successful bid means Shanghai Electric's gas turbine products and integrated solutions are beginning to undergo commercial validation in a mature overseas market, Liu said.

Shanghai Electric has built up a presence in Malaysia through a range of energy projects, including the 2×300-megawatt Balingian coal-fired power plant, renewable energy projects in Selangor and the TG12 renewable energy project. In Sarawak, it has also completed a 106-kilometer, 500-kilovolt transmission line and built the state's first off-grid microgrid project.

Such a local footprint provides an important foundation for the company to introduce core equipment into overseas markets, while strengthening its experience in project delivery and local services, CNS noted in the report.

The Samalaju project demonstrated Shanghai Electric's overseas engineering competitiveness and core equipment capabilities, marking a shift from "equipment going overseas with engineering projects" toward direct exports of complete equipment and solutions.

The move also reflects changing demand in international power markets. Overseas developers are increasingly seeking turnkey solutions backed by long-term services rather than procuring individual pieces of equipment from multiple suppliers, said the Chinese media.

For years, China's high-end equipment exports were mainly individual machines and equipment, with competition focused largely on hardware prices, leaving limited margins and little room for brand premiums, Liu said.

Shanghai Electric's approach seeks to move beyond hardware-based competition by offering integrated solutions and full life-cycle support, he added.

The development comes as the global gas turbine market faces tight supply. Data shows that global gas turbine orders reached about 90-100 GW in 2025, while global manufacturing capacity stood at around 55–60 GW, highlighting a significant supply-demand imbalance.

Against this backdrop, overseas developers that have traditionally relied on established international suppliers are increasingly consider alternative providers, particularly Chinese companies capable of offering shorter delivery times and integrated solutions, Li said.

Shanghai Electric has identified global expansion as a key priority during the 15th Five-Year Plan period (2026-2030). It outlined three shifts: from a focus on taking engineering projects overseas to a greater emphasis on taking equipment overseas; from simple trade to international investment in production capacity and industrial supply chains; and from individual companies expanding overseas independently to broader, coordinated overseas development.

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

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