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News from November 13, 2025

882 articles found

Fired WWE Star Pitched to Win Major Championship Before Release
Sports

Fired WWE Star Pitched to Win Major Championship Before Release

One professional wrestling star who was recently released from his WWE contract once pitched to win a big title match. When Ridge Holland was moved from the “Friday Night SmackDown” brand to “NXT,” he viewed it as an opportunity to develop his character. Holland turned on Chase University to solidify his heel turn. Holland found himself challenging Trick Williams for the NXT Championship at “Deadline 2024.” In an interview with Cultaholic, Holland said his idea to win the title for a brief run was turned down. “I wrestled Trick [Williams] for the NXT Title at Deadline,” Holland said. “I thought, personally, I had the most heat out of any heel. I thought I was doing really good work, and they seemed happy with it. I thought the thing we should have done is let me have a short run with the belt, give it to a big heel. And then eventually, my pitch was to put Oba [Femi] over really strong, and then obviously that would make Oba.” More News: WWE Insider Shuts Down John Cena’s Final Match Rumors Ridge Holland’s Hostile WWE Exit Back in October, Holland was informed that WWE would not be renewing his contract. Holland received the notice in the midst of recovering from an injury he suffered during a match with Moose on a TNA Wrestling show. Holland was outspoken about his financial difficulties, and he criticized WWE. News then broke that WWE officials gave Holland an early release of his contract, reportedly in retaliation for his comments on social media. The company will be paying for Holland’s neck fusion surgery. A GoFundMe page was initially set up for Holland, who eventually had the donation campaign taken down due to someone else creating it without his knowledge. Holland said he planned to donate money to charity once he’s able to solve his financial woes. WWE Champion Planned for Big Match at WrestleMania 42 John Cena Heavily Involved in Recent WWE Announcement Injured WWE Star Returns After Title Change on Monday Night Raw For more on WWE content, head to Newsweek Sports.

Fernando Quiles Jr
Jahmyr Gibbs Reveals He Has Extra Motivation Facing Saquon Barkley in Lions vs. Eagles
Sports

Jahmyr Gibbs Reveals He Has Extra Motivation Facing Saquon Barkley in Lions vs. Eagles

Sunday's showdown between the Philadelphia Eagles and Detroit Lions could be a playoff preview and important for postseason positioning, but Jahmyr Gibbs will also be motivated to win the battle among running backs. "I've always been a fan of Saquon [Barkley] since I was in high school," Gibbs said Thursday of his motivation, per ESPN's Eric Woodyard. "Yeah, competitive nature. That's always gonna do that. Whoever says no is lying." Barkley and Gibbs are two of the best running backs in the league, but the former was the clear gold standard for the position last season. He helped lead the Eagles to the Super Bowl title with a league-best 2,005 rushing yards and 15 total touchdowns as the Offensive Player of the Year. He also finished third in MVP voting and was a First-Team All-Pro selection. However, Barkley has not been as effective in 2025. He is averaging 3.9 yards per carry after posting 5.8 a year ago and has six total touchdowns. By comparison, Gibbs is averaging 5.4 yards per carry and has 10 total touchdowns as one of the go-to options in Detroit's offense. Ultimately, winning will be the most important outcome for each of the first-place teams. But Gibbs' honesty about wanting to outshine someone he has long admired is refreshing, especially since they are two of the top playmakers in the NFL. Doing so against an Eagles defense that is 10th in the league in points allowed per game and fresh off a dominant performance in a 10-7 victory against the Green Bay Packers will be easier said than done, but he will be plenty motivated for the matchup.

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Browns OC Defends Dillon Gabriel amid Criticism, 'Nobody's Gonna Bat a Thousand
Sports

Browns OC Defends Dillon Gabriel amid Criticism, 'Nobody's Gonna Bat a Thousand

Cleveland Browns rookie quarterback Dillon Gabriel has had his fair share of struggles this year, but offensive coordinator Tommy Rees came to his defense on Thursday. Rees said Gabriel "grades out pretty high" in terms of being where he needs to be and seeing the right things on the field. "Nobody's gonna bat a thousand. Certainly I don't bat a thousand calling it," he told reporters. "Nobody's going to bat a thousand in really anything they do. But I would say he grades out where we want him." Gabriel, a third-round pick out of Oregon, started the year playing behind Joe Flacco but earned the starting gig in October. In seven games, he's thrown for 869 yards, seven touchdowns and a pair of interceptions. Last week in a loss to the New York Jets, he had 167 passing yards and two touchdowns, managing to avoid any turnovers. Browns head coach Kevin Stefanski confirmed last week that Gabriel would remain the starter over fellow rookie Shedeur Sanders, adding that he wants to give the young player the chance to continue growing. "Obviously this is a young player that you're always trying to get one game better... we have to play better as an offense," he told reporters on Sunday. "We have to coach better, all the above."

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Doug Christie 'F--king Embarrassed' About 'Shameful' Kings Effort in Loss to Hawks
Technology

Doug Christie 'F--king Embarrassed' About 'Shameful' Kings Effort in Loss to Hawks

The Sacramento Kings lost to the Atlanta Hawks on Wednesday night, 133-100, dropping to 3-9 on the season after a fourth straight loss by double-digits. As you might imagine, head coach Doug Christie was not pleased with what he described as a "shameful" effort. "I was embarrassed," he told reporters after the contest. "I wish I could've put on the jersey. At 55, I would've showed you better than that. At least I'm going to use all six fouls. I can't move, but I'm going to foul the s--t out of somebody." "Put on a jersey, represent it properly," he added. "... I'm f--king embarrassed. Unacceptable. Period. It is. This is a simple one. This ain't even hard. Sometimes you come up here and you try and figure out, 'Well, you know, maybe I go look back and look at [the tape].' I don't need to look at no tape. Probably won't look at it. I've seen it once live. Damn if you want to look at it again, but I will." The Kings had a 12-point second quarter during Wednesday's loss, were out-rebounded 45-35, gave up 33 fast-break points and shot just 39.1 percent from the field. It wasn't pretty, and Christie wasn't about to mince words on the matter.

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What Is Garrett Wilson's Timeline for Return to Jets from Knee Injury?
Sports

What Is Garrett Wilson's Timeline for Return to Jets from Knee Injury?

The New York Jets will be without their star wide receiver for a handful of games. The team announced Thursday that Garrett Wilson has been placed on injured reserve, meaning he'll have to miss at least four games. Wilson suffered a knee sprain in Sunday's win over the Cleveland Browns. Wilson has had a frustrating 2025 season amid multiple injuries. The fourth-year receiver out of Ohio State missed Weeks 7 and 8 against the Carolina Panthers and Cincinnati Bengals after suffering a hyperextended knee against the Denver Broncos. Luckily, he avoided a serious injury, but still had to spend some time on the sidelines. He returned to action last week against the Browns, but saw three targets and no receptions before exiting with the knee sprain. ESPN's Rich Cimini reported that Wilson won't need knee surgery, which is a silver lining in what has been a forgetful season. In seven games, Wilson has recorded 36 receptions for 395 yards and four touchdowns. That's far from his typical production, as he's started his career with three consecutive seasons with 1,000-plus receiving yards. The Jets committed to Wilson this offseason, giving him a four-year, $130 million contract extension that ties him to the franchise through 2030. They doubled down on their commitment earlier this month when they opted not to trade Wilson despite dealing a handful of key players like Sauce Gardner and Quinnen Williams. Even though New York is fully in rebuild mode, it clearly views the 25-year-old Wilson as a key piece of its future. The Jets have won back-to-back games but are still far from playoff contention at 2-7. They'll look to salvage what is left of the season by picking up a few more wins, though that task becomes more difficult without Wilson on the field.

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MLS Owners Approve Schedule Change, What to Know About New Format, Start Date
Sports

MLS Owners Approve Schedule Change, What to Know About New Format, Start Date

The MLS will soon be mirroring the schedule of the top European football leagues. According to The Athletic's Paul Tenorio, the league's owners voted to begin the calendar in July and have the season run through May starting in 2027. That wasn't the only matter on the table. Per that report, "league owners also voted to update the regular season format. The playoff format is still in discussion. The league will move to a single-table competition, but will also have five six-team divisions beginning in 2027, according to sources, though league executives declined to go into detail on the new format." This article will be updated soon to provide more information and analysis. Make Bleacher Report one of your preferred sources on Google by selecting Bleacher Report on the "source preferences" page here. For more from Bleacher Report, check out our B/R app, homepage and social feeds—including Twitter, Instagram, Facebook, TikTok and YouTube.

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Business

Onramp Launches Industry-First Multi-Institution Bitcoin IRA

The only Bitcoin IRA offering true on-chain ownership, institutional-grade security, and seamless inheritance built in. DALLAS, TX / ACCESS Newswire / November 13, 2025 / Onramp, the bitcoin custody platform pioneering Multi-Institution Custody (MIC), today announced the public launch of its Bitcoin IRA - the first retirement account secured by three independent institutional keyholders, rather than a single custodian. Bitcoin IRAs allow investors to combine bitcoin's long-term upside with the tax advantages of a retirement account. Until now, investors were forced to choose between single-custodian risk or complex self-custody setups. Onramp's model eliminates both. Each IRA vault is secured through Onramp's multi-institution network, ensuring no single point of failure and no unilateral access by any party - including Onramp itself. 'If you're already required by law to have a custodian, why not have three?' said Michael Tanguma, CEO of Onramp. 'We designed the Onramp Bitcoin IRA to deliver the same level of redundancy and governance used by endowments and pension funds - but available to individual investors for the first time.' Built for Security, Designed for Legacy Each Onramp Bitcoin IRA is: Protected by three independent institutions under Onramp's Multi-Institution Custody architecture. Capable of in-kind transfers and withdrawals, allowing Bitcoin to move without liquidation or taxable events. Low-fee and transparent, with trading costs well below the 1-4% charged by most competitors. Inheritance-ready, allowing beneficiaries or trusts to receive Bitcoin securely and compliantly. Auditable and verifiable on-chain, providing real proof of ownership rather than ETF-style exposure. Onramp's IRA infrastructure is established in partnership with qualified custodians and insured by underwriters at Lloyd's of London, meeting all requirements under IRS Code Section 408. Taking Market Share from a Fragmented Industry Today, the majority of Bitcoin IRAs are either exchange-linked or single-custodian structures - leaving investors exposed to the same concentration risks that have plagued traditional finance. Onramp's MIC model introduces redundant custody and decentralized governance to an asset class built on those very principles. 'Competitors are still selling exposure,' said Brian Cubellis, Chief Strategy Officer at Onramp. 'Onramp clients own real Bitcoin in dedicated vaults - visible on-chain, insured, and inheritance-ready. We're not another exchange wrapper. We're the future of retirement custody.' Available Now with No Rollover Fees Through Q4 Investors can open an Onramp Bitcoin IRA directly through the IRA landing page or roll over an existing IRA or 401(k) without incurring taxes or fees through Q4 2025. The launch comes amid rising demand from investors seeking inflation-resistant, tax-efficient assets that align with Bitcoin's long-term thesis. About OnrampOnramp builds institutional-grade Bitcoin infrastructure for individuals, businesses, and advisors. Its Multi-Institution Custody (MIC) model distributes key control across three independent entities, eliminating single-point-of-failure risk while maintaining compliance, insurance, and on-chain transparency. Media Contact:[email protected] https://onrampbitcoin.com/products/ira SOURCE: Onramp

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IPL 2026: Sherfane Rutherford joins Mumbai Indians after successful trade with Gujarat Titans
Sports

IPL 2026: Sherfane Rutherford joins Mumbai Indians after successful trade with Gujarat Titans

Ahmedabad (Gujarat) [India], November 13 (ANI): West Indies power-hitter Sherfane Rutherford has been traded to the five-time champions Mumbai Indians from the Gujarat Titans ahead of the next edition of the Indian Premier League (IPL). The IPL on Thursday announced that MI acquired Rutherford for a price tag of Rs 2.6 crore from GT after a successful trade. The announcement came hours after the Hardik Pandya-led side announced the arrival of India all-rounder Shardul Thakur. 'West Indies all-rounder Sherfane Rutherford is set to represent the Mumbai Indians (MI) in the IPL 2026 season following a successful trade from the Gujarat Titans (GT). Acquired by GT for a fee of INR 2.6 crore, Rutherford will move to MI at his existing fee,' IPL said in a release. 'Thank you for the memories, Sherfane!' Gujarat Titans wrote on X after Rutherford's departure. In the last season, during Gujarat's run to the playoffs, Rutherford provided the much-needed fireworks in the middle. He finished with 291 runs while striking handsomely at 157.29. Rutherford, 27, has featured in 44 T20Is for the West Indies and holds the record for the highest sixth-wicket partnership in T20Is. He forged a 139-run stand with Andre Russell against Australia in Perth in February 2024. With over 200 T20 matches under his belt and 3,500-plus runs across the globe, Rutherford holds a reputation for lighting up scoreboards wherever he goes. Rutherford is known for his explosive batting style and for providing quick-fire cameos. His brute force with the bat is coupled with his ability to roll his arm and bowl pace deliveries, making him an all-round asset. Earlier on Thursday, MI confirmed the homecoming for seasoned all-rounder Shardul Thakur. The Lucknow Super Giants picked up the Mumbai-based all-rounder for Rs 2 crore as an injury replacement in the last season, wherein he featured in 10 games. Ahead of the 19th edition of the league, the all-rounder has been traded to the Mumbai Indians for his existing player fee of Rs 2 crore. (ANI)

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Science

Lane Innovative(TM) Launches Kefiran(TM) Supreme - Next-Generation Digestive Support Inspired by Kefir

Advanced Probiotic & Digestive Health Support * VERO BEACH, FLORIDA / ACCESS Newswire / November 13, 2025 / Lane Innovative™, a trusted name in science-based nutritional supplements for more than 30 years, today announced the launch of Kefiran™ Supreme, an advanced formula delivering twice the kefiran polysaccharide found in the company's original Kefiran™ supplement - now enhanced with prebiotics, probiotics, and trace minerals for comprehensive digestive and microbiome support.* Kefir-the traditional fermented drink known for its diverse probiotics-contains a unique polysaccharide called kefiran, recognized for supporting a healthy intestinal environment. Lane Innovative's new Kefiran™ Supreme provides this beneficial compound in a vegan, dairy-free capsule, allowing consumers to experience kefir-inspired digestive support without dairy or added sugars.* 'Kefiran™ Supreme represents the evolution of our kefir-based research,' said a Lane Innovative™ spokesperson. 'By doubling the kefiran concentration and adding synergistic strains such as Saccharomyces boulardii and Bacillus coagulans, along with FOS prebiotics, we're delivering broader digestive support in one convenient, shelf-stable capsule.'* Enhanced Formula Highlights 2× Kefiran Polysaccharide: Supports balanced intestinal flora and digestive comfort.* Dual Probiotic System: Includes S. boulardii and B. coagulans for comprehensive GI tract support.* Prebiotic FOS & Trace Minerals: Encourage probiotic growth and enzyme activity.* Dairy-Free, Gluten-Free, Vegetarian: Formulated for today's clean-label consumer. Each bottle of Kefiran™ Supreme contains 60 capsules. The product is shelf-stable-no refrigeration required-and manufactured in the USA under GMP-certified standards. Additional Information on Kefir & Digestive Health Continuing a Legacy of Innovation Lane Innovative™-known for pioneering supplements such as AdvaCAL™, Noxylane4™, Somni™, and H2Go™-continues its mission to combine scientific rigor with natural ingredients that support whole-body wellness. The introduction of Kefiran™ Supreme expands the company's digestive-health portfolio and reflects its ongoing commitment to clinically informed innovation. * Availability Kefiran™ Supreme is available now at LaneInnovative.com and through select natural-health retailers nationwide. About Lane Innovative™For over three decades, Lane Innovative™ has developed evidence-based nutritional supplements designed to support bone, immune, digestive, and sleep health. Each formulation reflects the company's core values of science, quality, and trust-helping people pursue better wellness every day. * * These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease. SOURCE: LaneInnovative, Inc.

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Cheltenham tips: Best value bets for Friday November 14
Sports

Cheltenham tips: Best value bets for Friday November 14

Fast ResultsScoresRacecards NEWFree BetsLog InJoinPremium Articles & Expert Tips delivered Daily.Plus access to:Get exclusive Willie Mullins' InsightsWatch Race Replays & analyse performancesTrack horses with My StableDiscover Racecard+ powered by TimeformJoin for FREE todayLog in|Racing Racecards Fast Results Tips Features Full Results Race Replays NRs News My Stable Going Naps ABC Early Entries Sporting LifeHorse RacingFootballTipsGreyhoundsSportsFree BetsnewFast ResultsScoresRacecards NEWFree BetsPremium Articles & Expert Tips delivered Daily.Plus access to:Get exclusive Willie Mullins' InsightsWatch Race Replays & analyse performancesTrack horses with My StableDiscover Racecard+ powered by TimeformJoin for FREE todayLog in|Racing Racecards Fast Results Tips Features Full Results Race Replays NRs News My Stable Going Naps ABC Early Entries

Matt Brocklebank
3 killed,11 injured in road accident near Bhera toll plaza-INP
Health

3 killed,11 injured in road accident near Bhera toll plaza-INP

Three people, including the bus driver, were killed, and at least 11 others, including women and children, sustained injuries in a road accident involving a private bus and a 12-wheeler truck near the Bhera Toll Plaza late last night. According to Rescue-1122 sources here on Thursday, the Skyways bus was traveling from Lahore to Islamabad along Motorway M-2 when it collided with the 12-wheeler truck near the toll plaza,resulting in the on-the-spot deaths of three individuals--Muhammad Ehsan (25) from Manshera. Muhammad Arif (50),the bus driver from Lahore, Aysha Sherwali (22) from Talagang. The injured victims were identified as: Asad Yasin (35) r/o Lahore,Khizar Ahmed (28) r/o Lahore,Rida Bibi (24) w/o Khizar Ahmed, Muhammad Zubair (02) s/o Khizar ,Nasir (50) r/o Lahore,Abdul Rehman (34) r/o Rawalpindi,Beenish (35) r/o Rawalpindi, Saqib (38) s/o Arshad r/o Lahore, Hafeez (35) s/o Ashraf r/o Lahore, Manzoor (47) s/o Khadim Hussain r/o Layyah and Tahir Iqbal (56) s/o Azhar Ali r/o Azaad Kashmir Upon getting information. Rescue and police teams arrived at the scene shortly after the accident. The injured passengers were rushed to the Bhera Tehsil Headquarters (THQ) Hospital for medical treatment, while authorities initiated necessary legal procedures. Police were investigating the cause of the accident. Credit: Independent News Pakistan (INP)

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Pakistan, Omani civil aviation join hands to boost search, rescue operations-INP
Technology

Pakistan, Omani civil aviation join hands to boost search, rescue operations-INP

The Pakistan Airports Authority (PAA) and the Civil Aviation Authority of Oman (CAA Oman) signed an agreement to boost search and rescue operations through joint exercises and by improving response mechanisms, the PAA said in a statement. The memorandum of understanding was signed between the two sides as a ten-member CAA Oman delegation, led by the authority’s Director General of Air Navigation Saleh Al Harthy, visited the PAA’s headquarters in Karachi. The Omani delegation was received by PAA Director General Air Vice Marshal Zeeshan Saeed. Both sides discussed strengthening bilateral cooperation in air navigation, airport management, technical collaboration and capacity-building, the PAA said, before the MoU was signed. “The agreement is aimed at promoting joint exercises, improving response mechanisms, and fostering the exchange of technical knowledge in emergency aviation operations,” the PAA said. Both sides also discussed sharing expertise, improving operational efficiency and enhancing regional aviation connectivity between Pakistan and Oman, the statement added. Saeed stressed that engagements such as the one with the Oman CAA reflect Pakistan’s resolve to adopt best international practices and enhance regional air safety and operational standards. “The visit of the Omani delegation signifies the growing partnership between Pakistan and the Sultanate of Oman in civil aviation, paving the way for future collaboration in various technical and operational domains,” PAA said. Credit: Independent News Pakistan (INP)

Paa Director General
Steve Biko inquest postponed to January 2026
Technology

Steve Biko inquest postponed to January 2026

JOHANNESBURG - The inquest into the death of anti-apartheid activist and Black Consciousness Movement leader Steve Biko has been postponed to 30 January 2026. The delay will allow for case management and finalisation of legal funding for potential suspects. Prosecutors have named two former apartheid police officers as persons of interest. READ| South Africa to reopen Steve Biko inquest The two have applied for state funding for their legal defence. Biko died 48 years ago, allegedly at the hands of the apartheid police’s Special Branch. The pair was initially cleared of wrongdoing, but the Truth and Reconciliation Commission later denied them amnesty. The NPA and law enforcement say they remain committed to tackling apartheid-era crimes and bringing closure to victims’ families.

Enca
Citi Reiterates "Buy" Rating on Fosun International and Lifts Target Price to HK$6.5
Business

Citi Reiterates "Buy" Rating on Fosun International and Lifts Target Price to HK$6.5

Citi Reiterates "Buy" Rating on Fosun International and Lifts Target Price to HK$6.5November 13, 2025 - 5:22Media OutReach Newswire HONG KONG SAR - Media OurReach Newswire - 13 November 2025 - Citi hosted its 2025 China Conference this week and released an updated research report on Fosun International (00656.HK), reiterating its "Buy" rating and raising the target price to HK$6.5. Citi remains positive on Fosun's business streamlining and core business-focused strategy. Following a series of recent meetings with Fosun's management team, Citi noted that the discussions reflected a clear strategic direction. Management has indicated that Fosun will continue to focus on its core businesses, deepen its global presence, and continue to step up innovation efforts. Citi also notes Fosun's ongoing efforts to optimize its financial structure and highlights its firm commitment to deleveraging and divesting non-core assets. Fosun's business streamlining approach will not only enhance financial resilience but also sharpen the Group's strategic focus on core businesses to unlock long-term value. UBS, in its latest research report, also notes Fosun's proactive steps to dispose non-core assets, optimize its asset portfolio, and increase cash flow amid improving equity market sentiment and valuation, thus raising the target price for Fosun International. In fact, multiple domestic and international securities firms, including Citi, Industrial Securities, Kaiyuan Securities, Huaxi Securities, SDIC Securities, China Securities, and Founder Securities, currently hold "Buy" or "Overweight" ratings on Fosun International, with target prices ranging from HK$6.5 to HK$7.5. They are confident in Fosun's solid business resilience and innovation-driven growth. Citi highlights that Fosun's health and insurance businesses will provide long-term profit momentum for the Group, while securities firms such as Industrial Securities and Huaxi Securities remain upbeat on the sustained breakthroughs in Fosun's core cultural tourism and consumer businesses. Powered by continuous innovation, Fosun's Health segment has achieved multiple breakthroughs in the field of innovative drugs, earning strong endorsements from securities firms. Among which, HANSIZHUANG, an anti-PD-1 monoclonal antibody independently developed by Fosun, has become the world's first anti-PD-1 monoclonal antibody approved for the first-line treatment of small cell lung cancer (SCLC). To date, it has been approved for marketing in nearly 40 countries and regions, including China, the European Union, the United Kingdom, Singapore, and India. Additionally, HLX43, a PD-L1-targeting antibody-drug conjugate (ADC) independently developed by Fosun, is undergoing clinical studies for solid tumors such as non-small cell lung cancer and thymic carcinoma in countries including China, the United States, and Australia. Currently, no PD-L1 ADC has been approved globally, positioning HLX43 as a potential highly effective and safe broad-spectrum anticancer drug. In the insurance business, Fidelidade maintained steady growth in 2024. It recorded a 12.7% year-on-year increase in insurance income, with net profit for the full year reaching EUR253 million. In July 2025, S&P assigned Fidelidade an "A" rating. It anticipates that, over the next two years, Fidelidade will continue to maintain its leading positions in both Portugal and international markets, and sustain robust capital strength and profitability to achieve steady growth. In the cultural tourism business, during the National Day and Mid-Autumn Festival holidays in 2025, Taicang Alps International Resort welcomed over 50,000 visitors, while Lijiang Club Med Resort reported full occupancy for three consecutive days. In addition, the six resorts of Club Med Urban Oasis and Club Med Joyview saw their average daily room rates increase nearly 10% year-on-year. In particular, the Heilongtan resort sustained an occupancy rate above 94% for six consecutive days, driving a 36% year-on-year increase in total business volume for Club Med in China and a 213% surge in inbound tourists. Meanwhile, Atlantis Sanya achieved a 20% year-on-year increase in average daily room rate, further consolidating its leadership in the high-end resort market. In the consumer business, securities firms note that Yuyuan is accelerating adjustments to its overall operating strategy. While short-term earnings are experiencing pressure, the jewelry segment's results indicate the company has entered the latter stage of its adjustment cycle, with core businesses gradually recovering. Citi also highlights the positive sequential momentum in Yuyuan's gold and jewelry business, demonstrating the resilience of Fosun's consumer portfolio. The market broadly anticipates that with a moderate recovery in the consumer market, the establishment of the Shanghai International Jewelry & Style District, and the deepening of global presence, Yuyuan is poised to establish new growth drivers in core areas such as jewelry fashion and commercial operations, unlocking greater growth potential. Fosun continues to promote innovation in asset management and fintech, gaining recognition from domestic and international securities firms including Citi. In the research report, Citi highlights Fosun's increased resources and attention to fintech and Web3.0 businesses and notes that its subsidiary Finloop Finance Technology has emerged as a leading fintech company in the Hong Kong market. Incubated by Fosun Wealth, Finloop Finance Technology is positioned as an AI-driven, one-stop Web5 (Web2 + Web3) wealth technology platform with licensed operations in Hong Kong. Huaxi Securities and SDIC Securities highlight that Finloop Finance Technology is making steady progress in the virtual asset market with the launch of its FinRWA platform. Powered by a proprietary research and development system, the FinRWA platform provides enterprises and financial institutions with compliant and efficient access to Web3, supporting tokenized issuance and distribution of both public and private funds. It has already executed several innovative projects, including the launch of the Hong Kong's first platform for multi-currency tokenized funds, facilitating the rollout of Hong Kong's first tokenized fund under a unit trust structure, and the debut of Asia's first comprehensive technical solution for "Hong Kong Stock Performance-Linked Token". In April this year, Finloop Finance Technology was recognized by the Office for Attracting Strategic Enterprises (OASES) of the Government of the Hong Kong Special Administrative Region as one of its key enterprises. Multiple securities firms note that Fosun's core businesses are operating steadily. With a continued focus on industries of strength and potential, Fosun is deepening its global presence and intensifying its technology innovation efforts, thereby shaping a resilient business framework capable of withstanding economic cycles. Consequently, these firms maintain an optimistic outlook on Fosun International's long-term growth. Hashtag: #Fosun The issuer is solely responsible for the content of this announcement.

Fosun Wealth
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