SINGAPORE, June 1, 2026 - (ACN Newswire via SeaPRwire.com) - KoverNow, the digital insurance platform for high-value items and collectibles, has announced a strategic partnership with Watch Exchange, one of Singapore's most trusted luxury watch dealerships.The partnership enables collectors and enthusiasts to insure their luxury timepieces digitally with worldwide coverage backed by AXA XL, a leading global insurer of property, casualty, and specialty coverages for businesses worldwide. Customers benefit from exclusive offers with competitive rates and a fully digital experience — receiving instant quotes based on market value and activating coverage either at the moment of purchase or from the comfort of their own home. Coverage includes protection against accidental damage, loss and theft.Watch Exchange is recognized for its exceptional buying and selling services, strict authenticity standards and as a leading destination for some of the world's most sought-after luxury watches. With a focus on delivering both access and enduring value, the partnership enhances its offering by introducing a seamless way for customers to protect their watches as a natural extension of the purchase experience.This partnership marks KoverNow's first retail deployment under its insurance intermediary relationship with AXA XL in Singapore, reflecting its capability in delivering high-value, specialist items insurance through a fully digital experience."Acquiring a watch is a deliberate and meaningful moment and protecting it should be just as straightforward," said Stephan Kaiser, CEO of KoverNow. "KoverNow's tech-enabled process equips collectors with a simple platform to secure world-class coverage so that they can truly enjoy their collections with confidence. We are very pleased to have Watch Exchange as our partner and its endorsement underscores our ability to deliver high-quality watch insurance digitally in concert with established retail channels.""At Watch Exchange, we are committed to offering services that elevate the experience for our customers. KoverNow's tailored insurance solution creates a simple and smooth way to safeguard your watch collection. We're thrilled to be adding a valuable layer of support to the ownership journey of our esteemed customers," said Darren Yeoh, Sales Manager of Watch Exchange."Luxury watches today are both cherished personal possessions and increasingly valuable collectible assets," said Rhiannon Alban-Davies, Head of Fine Art & Specie Asia at AXA XL. “As the market evolves, collectors expect protection solutions that are as seamless and sophisticated as the way they buy and manage their collections. Through this partnership, we are pleased to support an innovative digital insurance experience that combines specialist underwriting expertise with convenience and peace of mind for watch owners."About KoverNow KoverNow delivers digital insurance for high-value items and collectibles in Singapore and Hong Kong, including watches, jewellery, handbags, cameras, wine, whisky and art. Through the KoverNow app, collectors can insure their cherished items in a single digital journey — from onboarding and obtaining instant quotes to activating coverage and filing claims. Its proprietary model ensures asset authenticity, accurate valuation and long-term ownership. Partnering with leading insurers and distribution partners such as luxury retailers, financial institutions and auction houses, KoverNow enables specialist insurance to be offered at the point of sale. Visit www.kovernow.com for more.About Watch ExchangeWatch Exchange is Singapore's largest and best-reviewed independent luxury watch retailer, based in Orchard, Singapore. Built on a simple promise of Luxury Meets Trust, every timepiece undergoes a rigorous inspection process and is backed by a one-year warranty from Watchlab, our in-house Swiss-standard service centre. Recognised as an Enterprise 50 winner and CaseTrust accredited, Watch Exchange operates two boutiques at Far East Plaza, Orchard, serving watch lovers and enthusiasts across Singapore.ABOUT AXA XLAXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.comABOUT AXA XL INSURANCEAXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.comFor further information, please contact:Jennifer CheungKoverNow PTE LTD Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

SINGAPORE, May 31, 2026 - (ACN Newswire via SeaPRwire.com) - Managing overseas expenses while maintaining a stable monthly budget can feel challenging, especially for individuals and families based in countries like Singapore, where the cost of living can be already high. Whether the expense is linked to education, medical needs, travel, or supporting family abroad, the financial impact can quietly spill into day-to-day finances if left unplanned. This is where thoughtful budgeting approaches like Personal Loans may help balance immediate overseas needs with regular monthly commitments, without creating unnecessary financial strain.If you are wondering how to manage your expenses overseas without hampering your monthly budget, here are some tips that might help you:Understanding the nature of overseas expensesOverseas expenses often come with layers that go beyond the headline cost. Apart from the primary payment, there may be foreign exchange mark-ups, international transfer fees, and timing mismatches between income and expenditure. For example, a one-time overseas education payment of SGD 15,000 may seem manageable on paper, but exchange rate fluctuations and bank charges might push the final outflow higher. Understanding these hidden elements early can help individuals anticipate the real impact on their monthly budget and plan accordingly.Using Personal Loans as a structured financing optionPersonal Loans may help convert large overseas expenses into predictable monthly instalments. Instead of relying on credit cards with higher interest rates on late payments, a personal loan may offer a clearer repayment structure and fixed tenure. For example, a personal loan of SGD 20,000 spread over 24 months might translate to a monthly repayment of approximately SGD 900, depending on interest rates. This approach can help integrate overseas spending into the monthly budget in a more controlled manner, without disrupting regular financial commitments.Managing currency and transfer costs effectivelyCurrency exchange plays a quiet but important role in overseas spending. Even a small difference in exchange rates can affect large transactions. A 1.5% difference on a transfer of SGD 10,000 can mean an additional SGD 150 in cost. For example, waiting for a favourable movement of even 0.5% on an SGD 10,000 transfer can help reduce costs by around SGD 50. Exploring remittance options, monitoring exchange rates, and carefully timing transfers can help reduce unnecessary expenses. This approach works particularly well for non-urgent overseas expenses with flexible payment windows. When paired with structured repayment tools like personal loans, this strategy may help smooth cash outflows while reducing exposure to currency fluctuations.Avoiding overlap with short-term financial goalsOverseas expenses can sometimes clash with short-term goals such as emergency savings, insurance premiums, or planned lifestyle upgrades. Redirecting all available funds toward overseas commitments may create gaps elsewhere. Breaking down overseas expenses into manageable portions, supported by tools like Personal Loans may help maintain progress toward these goals. For instance, continuing to set aside SGD 300-400 monthly for savings while servicing an overseas expense can preserve financial balance without over-stretching resources.Creating a balanced long-term approachManaging overseas expenses without disrupting a monthly budget often comes down to balance rather than the elimination of costs. Thoughtful planning, realistic timelines, and financing options, such as Personal Loans, can help distribute the impact over time. By aligning overseas payments with income patterns, accounting for hidden costs, and preserving room for everyday needs, individuals can navigate international financial responsibilities while keeping their monthly budget steady and sustainable.Set aside overseas expenses in a separate account for regular paymentsCreating a separate bank account or sub-account specifically for these regular overseas commitments can help keep the main monthly budget more predictable. By transferring a fixed amount (for example SGD 800-1,200 each month) overseas payments remain clearly visible and easier to manage. Over time, this separation can help reduce overlap with daily expenses, such as rent, utilities, or groceries, while also making it simpler to track how much of the recurring overseas obligation has already been covered.This approach tends to be more suitable for individuals who have recurring or ongoing overseas payments, such as monthly family support, education-related instalments, or periodic medical expenses, rather than one-time international spends.Managing overseas expenses without unsettling a monthly budget often comes down to structure, visibility, and timing rather than drastic financial changes. For instance, handling regular international payments and aligning these commitments with predictable cash flows can help maintain stability across everyday expenses. Approaches such as Personal Loans, planned transfer schedules, and separate accounts can help distribute the impact of overseas payments over time. With periodic reviews and realistic repayment planning, overseas financial responsibilities can remain manageable.Disclaimer: This content is published by iQuanti Singapore Pte Ltd, an external marketer engaged and compensated by UOB Ltd.Contact Information:Name: Sonakshi MurzeEmail: Sonakshi.murze@iquanti.comJob Title: ManagerSOURCE: iQuanti Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, May 31, 2026 - (ACN Newswire via SeaPRwire.com) - As Unitree Robotics advances its STAR Market IPO to a key review stage, the asset revaluation and profit upside arising from Shoucheng Holdings (00697.HK)’s participation in robotics-sector investments through industrial funds have become a focus of market attention. Public information shows that Unitree Robotics’ STAR Market IPO is scheduled to be reviewed at a listing committee meeting on June 1. Industry observers believe that, if Unitree Robotics successfully enters the public-market pricing stage, it will provide a clearer valuation benchmark for related robotics assets and may further feed through to Shoucheng Holdings’ asset base, profit performance and net asset value.Recent financing enthusiasm in the robotics sector has continued to rise, also providing an industry backdrop for the revaluation of related assets. Earlier reports by Securities Times showed that, in the first quarter of 2026, more than 50 financing deals were disclosed in China’s embodied-intelligence sector, with cumulative financing of around RMB 20 billion, representing year-on-year growth of nearly 60%. Companies including Unitree Robotics, Galbot, Agibot, Xinghaitu and Deep Robotics have entered the RMB 10 billion valuation tier. Market participants believe that, as the valuation midpoint of the robotics sector gradually moves upward, the implied value of Shoucheng Holdings’ related investment assets may become easier for the market to reprice, expanding the room for imagination around investment returns and profit upside.It is worth noting that Shoucheng Holdings’ overall investment in the robotics sector and its book performance are already supported by data. Kang Yu, the company secretary of Shoucheng Holdings, previously disclosed that, as of the end of 2025, Shoucheng Holdings had invested more than RMB 2 billion in the broader robotics industry chain through multiple industrial funds under management and consolidated funds. The valuation of the related investment portfolio had increased by around four times, corresponding to book unrealized gains of approximately RMB 8 billion. This means that Unitree Robotics’ listing does not merely open a window for a single project; rather, it represents a typical example of Shoucheng Holdings’ robotics assets entering a stage of value verification and realization.With respect to the Unitree Robotics project specifically, public information shows that Shoucheng Holdings participated in the investment through the Beijing Robotics Industry Development Investment Fund. The fund held approximately 3.8262% of Unitree Robotics before the offering and about 3.44% after the offering. Based on the assumption that the new share issuance will be no less than 10% of the post-issuance total share capital, Unitree Robotics’ post-issuance valuation would be no less than RMB 42 billion. On this basis, the equity interest in Unitree Robotics held by the Beijing Robotics Industry Development Investment Fund would be worth approximately RMB 1.445 billion. If Unitree Robotics’ subsequent valuation rises to RMB 50 billion or RMB 60 billion, the value of this equity interest would be approximately RMB 1.720 billion and RMB 2.064 billion, respectively. Although the above calculations refer to the value of the fund-level shareholding and do not equate to all gains that Shoucheng Holdings can directly recognize, they already provide the market with a clearer reference for assessing the potential value of its robotics investment assets.From an asset perspective, Unitree Robotics’ IPO will provide a clearer valuation anchor for Shoucheng Holdings’ related robotics investments. Once Unitree Robotics enters the public market, its market capitalization performance, liquidity and comparable peer valuations will offer a more direct pricing reference for the robotics assets held by Shoucheng Holdings through its funds.From an earnings perspective, after Unitree Robotics is listed, if the related investments are measured at fair value, changes in its public-market price may be reflected in Shoucheng Holdings’ fair-value changes or investment income. In the first quarter of 2026, Shoucheng Holdings recorded revenue of HKD 327 million and net profit attributable to shareholders of HKD 78.53 million. Excluding relevant one-off gains, net profit attributable to shareholders increased by around 18% year on year. Against the existing profit base, if robotics investment projects subsequently generate valuation revaluation or income recognition, they would help enhance the company’s earnings and further highlight the profit elasticity of its investment segment.From a valuation-framework perspective, Shoucheng Holdings has historically been viewed more as a company related to infrastructure asset operations, parking asset management and the REITs ecosystem, with a certain asset discount often embedded in its valuation. As robotics investment assets gradually gain public-market pricing, the company’s net asset structure is expected to exhibit more technology-growth attributes. When assessing Shoucheng Holdings, the market may not only refer to the PB ratio, cash flow and dividend and share-repurchase capacity of traditional asset-operating companies, but also focus on NAV revaluation, investment-income elasticity and the option value of technology-growth assets.Institutional views also reflect market attention from another angle. CICC previously maintained its "outperform" rating on Shoucheng Holdings and once raised its target price to HKD 3.3, mainly taking into account shareholding-structure optimization and the continued release of positive factors from robotics-industry development. Analyst expectations compiled by various financial data platforms show that the average target price for Shoucheng Holdings ranges from approximately HKD 2.66 to HKD 2.753, with the highest target price reaching HKD 3.30.Market observers believe that the recent value-recovery logic for Shoucheng Holdings mainly comes from two aspects. First, the accelerated capitalization of portfolio companies such as Unitree Robotics has improved the transparency of related investment assets and created a potential value-realization window for the company. Second, the company has continued to pursue share repurchases, conveying management’s confidence in the company’s long-term value to the market. As robotics investments enter the stage of financial validation, the resonance between industrial-investment elasticity and shareholder-return mechanisms is further strengthening market expectations for valuation recovery.Overall, the significance of Unitree Robotics’ IPO progress for Shoucheng Holdings is no longer merely the heating up of a robotics theme, but the gradual formation of a foundation for financial transmission. Public-market pricing is expected to increase the visibility of related investment assets, while fair-value changes, investment-income recognition or subsequent exit distributions may open up earnings-side elasticity. At the same time, improved asset transparency will also help the market reassess the quality of the company’s net assets and its valuation framework. For Shoucheng Holdings, robotics investment is moving from industrial deployment toward the stage of value verification. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com