NANTONG, China, June 29, 2026 (GLOBE NEWSWIRE) -- Since phase I was put into full -load production early this year, Sigenergy has officially broken ground on June 29^th on Phase II of its Nantong Intelligent Energy Center and a new joint venture production facility for energy storage structural components. Located in the Nantong Sutong Science and Technology Industrial Park, the expansion marks a major milestone in scaling the company’s AI-driven smart manufacturing and global supply chain.

Following the successful launch of Phase I early this year, the completion of Phase II will bring our massive Nantong manufacturing base to nearly 400,000 square meters. The facility will serve as Sigenergy's global manufacturing hub, supplying residential, commercial, industrial, and utility-scale energy storage products worldwide.

Simultaneously, Sigenergy broke ground on its joint venture with Xianghua Hardware Technology. This 170,000-square-meter facility will further boost Sigenergy’s in-house capabilities in high-precision sheet metal, die-casting, and injection molding, providing a robust manufacturing foundation for its next-generation premium storage hardware.

"The launch of Phase II and our joint venture project is a strategic expansion to meet global, all-scenario energy storage demands," said Tony Xu, Founder and CEO of Sigenergy. "We will continue to integrate AI, big data, and our self-developed digital systems across our entire production, quality control, and logistics pipeline to build a truly smart, highly reliable factory."

The groundbreaking ceremony was attended by senior government officials along with Sigenergy leadership and key industry partners.

About Sigenergy

Founded in 2022 and headquartered in Shanghai, Sigenergy (06656.HK) is a technology-driven company focused on innovation in the new energy sector. Leveraging advanced digital intelligence and a highly skilled talent base, the company has expanded into photovoltaic (PV) generation, smart energy storage, and high-efficiency electric vehicle (EV) charging. Guided by its "AI in All" strategy, Sigenergy integrates artificial intelligence across its product solutions to deliver safer, smarter, and more efficient energy choices for households and businesses worldwide.

Media enquiries: tracy.li@sigenergy.com

For more information, please visit: www.sigenergy.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d71fab84-5b33-4a5c-8300-6b296d90243b

Sa Sa International Holdings Ltd. is ramping up store openings and restoring a full dividend payout after a sharp rebound in profit, underscoring management’s confidence in the recovery of Hong Kong and Macau’s beauty retail market. The cosmetics chain’s full-year sales rose 14.2% to HK$4.383 billion, while profit increased 1.6 times from a year earlier, allowing the group to boost its final dividend and return its payout ratio to 100%. Chairman and chief executive Simon Kwok said the stronger distribution reflects a “very strong” outlook, pointing to broad-based improvement in store traffic and spending.

Kwok said all key operating indicators in Hong Kong and Macau — including revenue, same-store sales, transaction volume, average ticket size and units per transaction — recorded year-on-year gains in the last financial year. Momentum has continued into the new year: in the first quarter of the current financial year, total revenue grew 24%, with offline sales up 30.9%. Hong Kong and Macau led with a 32.5% jump in offline sales, while Southeast Asia rose 17%. Online revenue slipped 3.2% overall, weighed by an 18.1% decline in mainland China, even as Hong Kong, Macau and Southeast Asia posted online growth.

On the back of the recovery, Sa Sa is reviving its brick‑and‑mortar expansion, particularly in tourist districts that were heavily rationalised during the downturn. The company plans to open 10 new stores in the current financial year; it has already added outlets in Mong Kok and Tsim Sha Tsui, including a large upstairs shop of about 6,000 to 7,000 square feet at the Mong Kok Man Wah Centre, on top of an existing ground‑floor unit. A store at the Airside mall in Kai Tak is slated to open in August, and another at Lok Ma Chau is planned to capture cross‑border traffic. Kwok said tourist‑area stores are now about half the number they once were, leaving “substantial room” to rebuild the network, though he stressed the group will not neglect local customers.

Store format will be a key part of the strategy. Kwok said he and his wife favour large outlets and that she has advocated opening flagship stores to serve both mainland and local shoppers in a more spacious, comfortable environment. Still, decisions between large and small formats will depend on rents and operating costs; smaller shops require less staff and investment. He said that while the opening of new outlets may “slightly” dilute same‑store sales metrics, the impact should be limited as long as locations and rental terms are carefully chosen. Footfall remains the main focus: “Only when there are people will there be revenue,” he said, adding that broader product assortment and competitive pricing should help underpin demand even as more drugstore and beauty chains enter the market.

Sa Sa also aims to stabilise and eventually grow its Southeast Asian operations, where the group ended the last financial year with 75 stores — 70 in Malaysia and five in Singapore. The region’s near‑term target is to achieve break‑even. Three of the five Singapore stores are already profitable, and Kwok said the company would consider opening more outlets there if suitable opportunities arise, noting that Singaporean sales growth was particularly strong in the second half of the year. The Malaysian business is described as stable, with management planning tighter cost control. Kwok played down concerns about competition from other travel destinations and cross‑border consumption trends, saying that Hong Kong remains convenient for many mainland visitors, some of whom come once or twice a month, and that the company’s breadth of products and pricing remain competitive.