According to industry insider Nikoshita, the new LUMIX S5 is rumoured to be an entry-level device that offers some similar features found on its higher-end siblings (such as the S1H and the S1R), but encased in a smaller body. In an alleged spec sheet of the device uploaded by the leakster, it is suggested that the camera will feature a 24MP sensor, 5-axis in-body image stabilisation (IBIS), and is able to record 4K videos at 60p and 30p.

— 軒下デジカメ情報局 (@nokishita_c) August 14, 2020 Other than that, the document listed that the LUMIX S5 is to sport a 2.36M-dot EVF, a vari-angle touchscreen, WiFi and Bluetooth wireless connectivity, and features dual SD card slots. The camera is reportedly lighter than its other S-line siblings, weighing at 714g with battery included. Official specifications, availability and pricing for the Panasonic Lumix S5 are expected to be revealed during the launch. The event will be streamed via the company’s official website at 2pm UTC (10pm local time) on 2 September 2020. (Source: Panasonic via Petapixel / Nikoshita [1] [2])