HONG KONG, March 29, 2025 /PRNewswire/ — On March 24, the launch ceremony of ADC Submarine Cable’s commissioning was successfully held at the Everbright Centre in Hong Kong. The event brought together over a hundred distinguished guests, including prominent figures from the political and business sectors, industry experts, and representatives from leading media organizations.

The ADC Submarine Cable project is jointly constructed by China Telecom, China Unicom, Singapore Telecom, Japan’s SoftBank, TATA Communications, Vietnam’s VIETTEL, Thailand’s NT, and the Philippines’ PLDT. As the only international submarine cable initiative launched in the Asia-Pacific region over the past nine years, it boasts the highest system transmission capacity and the largest number of fiber pairs in the region. Spanning 9,988 kilometers, the ADC Submarine Cable links mainland China, Hong Kong, Japan, Singapore, and multiple other countries and regions across the Asia-Pacific. Designed with an open cable architecture and cutting-edge high-capacity optical transmission technology, it features a per-fiber pair design capacity exceeding 20 Tb/s, with a total system capacity surpassing 160 Tb/s. By offering diverse routing options, the ADC Submarine Cable significantly strengthens network resilience and stability across the Asia-Pacific, reinforcing the region’s digital infrastructure.

At the event, Prof. Sun Dong, Secretary for Innovation, Technology and Industry, the Government of HKSAR, emphasized that as a key gateway for the country’s opening-up, Hong Kong will fully harness its unique advantages under the “one country, two systems” framework. Leveraging its strategic roles as a “super connector” and “super value-adder,” Hong Kong aims to facilitate the global expansion of mainland enterprises while attracting international businesses. The Hong Kong SAR Government remains committed to enhancing the innovation and technology ecosystem through institutional innovation, policy coordination, and international collaboration. He encouraged industry leaders, including China Telecom, to embrace national and SAR government initiatives, capitalize on the opportunities presented by the digital economy, and intensify R&D efforts to drive breakthroughs in artificial intelligence, big data, and other frontier technologies. At the same time, he expressed confidence that more enterprises would actively contribute to Hong Kong’s innovation and technology landscape, fostering an open and inclusive ecosystem and reinforcing the city’s position as a globally influential hub for technological advancement.

Ms. Liu Ying, Executive Vice President of China Telecommunications Corporation Ltd. (hereinafter referred to as “China Telecom”), indicated that the official launch of the ADC Submarine Cable marks a significant milestone in international cooperation. This achievement not only reaffirms China Telecom’s long-standing commitment to its global expansion strategy, cloud-network integration, and digital transformation but also ushers in a new era of collaboration with global partners to drive technological progress and shared prosperity. She also highlighted that China Telecom’s international business will continue to leverage Hong Kong as a strategic hub, dedicated to fostering a more open and collaborative ecosystem, advancing digital technology innovation, and accelerating the growth of the digital economy. The company remains committed to delivering more efficient, secure, and intelligent communication services to global users while working with industry partners to build a dynamic, inclusive, and mutually beneficial digital landscape.

As one of the organizers of the ADC Submarine Cable project, Mr. Yin Jin, CEO of China Telecom Global introduced that the ADC Submarine Cable will add over 50 Tb/s of bandwidth capacity to the Asia-Pacific region, supporting the exponential growth in data demand driven by artificial intelligence, the Internet of Things, and cloud computing. By offering a high-speed and resilient submarine communication network, the project not only enhances international telecommunications cooperation but also plays a vital role in fostering the high-quality development of the digital economy. In alignment with Hong Kong’s vision of becoming an International Innovation and Technology Hub, China Telecom Global is accelerating the development of major infrastructure projects, including the Tseung Kwan O Data Center, the Chung Hom Kok Cable Landing Station, and the New Eurasia and New Asia-Pacific submarine cables. The company is also strengthening its R&D capabilities through the establishment of AI and cybersecurity innovation centers, reinforcing its long-term commitment to driving technological progress and contributing to Hong Kong’s continued prosperity.

As the backbone of the global internet, submarine cables serve as a vital lifeline for international data transmission. In the future, China Telecom will collaborate with major global operators to continuously promote more submarine cable construction projects, further reinforcing the infrastructure that underpins 5G, AI, and digital technologies. By enhancing global connectivity, the company aims to accelerate the digital transformation landscape and contribute to the high-quality advancement of the digital economy.

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SOURCE China Telecom Global

BOAO, China, March 29, 2025 /PRNewswire/ — From March 25 to 28, the Boao Forum for Asia 2025 Annual Conference, themed “Asia in the changing World: Towards a shared Future.” will be held in Boao, Hainan, China. Zhong Baoshen, Chairman of LONGi, was invited to participate in the China-Australia Business Leaders Forum on March 26 under the theme “Deepening China-Australia Cooperation to Foster an Open Economy.” During the event, he shared solutions and future plans from the renewable energy sector on topics including promoting regional trade and investment growth, strengthening sci-tech innovation collaboration and industrial development, and advancing global energy transition.

Zhong stated that LONGi actively embraces the open economic environment brought by the Regional Comprehensive Economic Partnership (RCEP), which provides long-term momentum for regional trade and investment growth, particularly facilitating deeper cooperation between China and Australia in renewable energy. For instance, the Memorandum of Cooperation on Deepening Implementation of the Free Trade Agreement signed between China and Australia in June 2024 has created more favorable investment and service trade conditions for clean energy industries such as photovoltaics (PV). Australia boasts abundant solar resources, and LONGi is supplying high-efficiency PV modules, BIPV (Building Integrated Photovoltaics) products, and hydrogen production equipment to the local market through its Australian subsidiary, driving growth in the local PV and green hydrogen sectors. Additionally, LONGi will leverage RCEP’s trade facilitation to optimize global supply chains, deepen its market presence in Australia, and collaborate with local enterprises to advance carbon neutrality goals.

Regarding efforts to establish common Environmental, Social, and Governance (ESG) standards between China and Australia, Zhong emphasized LONGi’s support for unified green standards to reduce uncertainties in certification, carbon accounting, and supply chain management for renewable energy projects, thereby enhancing investment and trade efficiency. LONGi has already committed to 100% renewable energy manufacturing through initiatives like RE100, EP100, EV100, and the Science-Based Targets initiative (SBTi), actively promoting green manufacturing and reducing the carbon footprint of the PV industry chain to provide more eco-friendly products for Australia’s energy transition. The company also advocates for Sino-Australian collaboration in green investment and carbon trading, promoting ESG financial tools such as green bonds and carbon credit mechanisms to secure long-term funding for renewable energy projects.

In closing, Zhong summarized how Chinese and Australian enterprises can strengthen technological collaboration to foster healthy growth for both businesses and related industries. He highlighted that technological innovation is the core driver of sustainable development in the PV sector. LONGi is committed to deepening Sino-Australian sci-tech cooperation in clean energy, leveraging cutting-edge technologies to enhance energy efficiency and drive industry transformation. For example, through platforms like the China-Australia Joint Committee on Science and Technology Cooperation, LONGi will expand joint R&D with Australian universities, research institutions, and enterprises to explore more efficient and sustainable PV technologies.

As early as 2018, LONGi established a long-term technical partnership with the University of New South Wales (UNSW), collaborating on research into high-efficiency PV technologies, renewable energy system optimization, and talent development in the field. The two parties also jointly launched a research project on “PV-Powered Water Treatment Systems,” exploring PV applications in environmental protection. Furthermore, LONGi’s world-record-breaking monocrystalline silicon cell efficiency of 27.30% and its 34.6% crystalline silicon-perovskite tandem cell efficiency—both recognized as global benchmarks—have been included in the Solar Cell Efficiency Tables by Professor Martin Green, the “Father of Photovoltaics” at UNSW.

Notably, Australia ranks among the global leaders in rooftop solar adoption, with solar power once accounting for 80.5% of electricity supply in Western Australia, reflecting strong public acceptance and participation. The Australian government has also set a target for 82% of its electricity to come from renewables by 2030. Zhong concluded by emphasizing that in the context of deep decarbonization, electricity alone cannot meet all energy demands. Therefore, LONGi has strategically expanded into green hydrogen and green methanol businesses, converting low-cost clean electricity into green liquid and gaseous energy forms. Looking ahead, LONGi aims to deliver optimal solutions across photovoltaic systems, green hydrogen, and green methanol sectors. This strategy seeks to contribute greater value to the global energy transition while expanding the company’s long-term growth opportunities.

Moving forward, LONGi will work closely with strategic partners in Australia to jointly achieve this goal. With policy support, infrastructure development, and technological innovation, Australia’s energy transition is poised to advance steadily toward a sustainable future.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established several business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/

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SOURCE LONGi

JAKARTA, Indonesia, March 29, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) held its Annual General Meeting of Shareholders (AGMS). At this year’s AGMS, BRI approved the distribution of dividends amounting to IDR 51.73 trillion, an increase compared to the 2024 dividend of IDR 48.10 trillion. In addition, BRI will also carry out a share buyback of up to IDR 3 trillion.

BRI’s 2025 AGMS approved 10 agenda items, with three key topics highlighted by Corporate Secretary Agustya Hendy Bernadi: dividend distribution, share buyback, and management changes.

Use of the Company’s Net Profit (Cash Dividend Distribution)

For the 2024 fiscal year, BRI posted a consolidated net profit of IDR 60.15 trillion, allocating up to IDR 51.73 trillion for cash dividends. An interim dividend of IDR 20.33 trillion (IDR 135 per share) was distributed on January 15, 2025, leaving a remaining payout of up to IDR 31.40 trillion. Of the total, IDR 27.68 trillion will go to the state, with the rest distributed proportionally to shareholders listed on the recording date.

Share Buyback Plan

In addition to the dividend distribution, BRI’s 2025 AGMS also approved the company’s plan to repurchase or buy back shares in an amount of up to IDR 3 trillion. The buyback will be carried out through the Stock Exchange or outside the Stock Exchange.

Changes to the Company’s Management

The 2025 AGMS resolved changes to the company’s management, including the honorable discharge of the following 19 individuals, among them Sunarso as President Director and Catur Budi Harto as Deputy President Director.

Additionally, BRI appointed 16 individuals, including Hery Gunardi as President Director and Hakim Putratama as Director of Operations.

The AGMS also reassigned Agus Noorsanto from Director of Wholesale and Institutional Business to Deputy President Director, and Ahmad Solichin Lutfiyanto from Director of Compliance to Director of Human Capital & Compliance.

In total, BRI’s 2025 AGMS discussed and resolved 10 agenda items. The complete resolutions are available on the BRI website at www.bri.co.id

“The decisions made in this AGMS reflect BRI’s commitment to continuously improve performance and deliver added value to shareholders and other stakeholders,” concluded Hendy.

For more information about BANK BRI, visit www.bri.co.id

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)