Hong Kong, Sept. 12, 2025 – Hang Feng Technology Innovation Co., Ltd. (the “Company” or “Hang Feng”), a Hong Kong-based entity specializing in comprehensive corporate management consulting and asset management, today finalized the terms for its initial public offering (the “Offering”). The Offering comprises 1,375,000 Ordinary Shares priced at US$4.0 per ordinary share. These ordinary shares have received approval for listing on the Nasdaq Capital Market and are slated to begin trading on September 12, 2025, under the ticker symbol “FOFO.”
The Company anticipates generating aggregate gross proceeds of US$5.5 million from the Offering, before the deduction of underwriting discounts and other associated costs. Furthermore, the Company has granted the underwriters a 45-day option to acquire up to an additional 206,250 ordinary shares at the public offering price, minus underwriting discounts. The Offering is projected to conclude on or about September 15, 2025, contingent upon the fulfillment of customary closing conditions.
The capital raised from the Offering will be allocated to: bolstering its corporate management consulting segment, advancing its asset management operations, fostering business growth and strategic alliances, and funding general operational needs and working capital.
This Offering is structured as a firm commitment offering. Kingswood Capital Partners, LLC (“Kingswood”) serves as the sole underwriter for the Offering. Hunter Taubman Fischer & Li LLC represents the Company as its U.S. legal counsel, while VCL Law LLP provides U.S. legal representation to Kingswood in connection with the Offering.
The U.S. Securities and Exchange Commission (the “SEC”) declared effective on September 12, 2025, the amended Form F-1 registration statement (File Number: 333-287284) pertaining to this Offering. This Offering is exclusively conducted through a prospectus, which is an integral component of the registration statement. Once finalized, the official prospectus for the Offering will be accessible from Kingswood via email at , postal mail at Kingswood, 7280 W. Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, or by calling +1-561-961-0505. Furthermore, the final prospectus, upon its release, will also be available for download from the SEC’s official website at .
Prospective investors are advised to consult the prospectus and all other Company filings with the SEC for comprehensive details regarding Hang Feng and the Offering prior to making an investment decision. This announcement is neither an offer to sell nor a solicitation of an offer to purchase any of the Company’s securities. These securities may not be offered or sold in the United States without prior registration or an available exemption from registration. Furthermore, no offer, solicitation, or sale of the Company’s securities will occur in any state or jurisdiction where such actions would be prohibited absent prior registration or qualification under local securities regulations.
About Hang Feng Technology Innovation Co., Ltd.
Hang Feng Technology Innovation Co., Ltd., headquartered in Hong Kong, delivers extensive corporate management consulting services coupled with specialized asset management solutions, addressing various client requirements. Since 2023, Hang Feng has extended its consulting expertise and identified market prospects through its subsidiary, Starchain Investment Trading Limited (“Starchain”), serving an expanding client base. Starchain offers bespoke management consulting, encompassing strategic growth advice, performance reporting, key performance indicator (KPI) guidance, and assistance with regulatory adherence, risk mitigation, and corporate governance frameworks. Responding to client requests for advanced asset management, the Company initiated these services in 2024, presenting structured offerings tailored to manage and enhance both corporate and individual investment portfolios. For more information, please visit the Company’s website:
Forward-Looking Statements
This announcement contains forward-looking statements, which encompass, but are not limited to, the Company’s planned Offering. Such statements inherently carry known and unknown risks and uncertainties. They reflect the Company’s present expectations and forecasts concerning future occurrences that it believes could influence its financial health, operational outcomes, business strategy, and capital requirements, including the anticipated successful completion of the Offering. These statements can often be identified, though not exclusively, by terms like “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or comparable phrases within this prospectus. Except where mandated by law, the Company disclaims any responsibility to publicly update or amend any forward-looking statements in response to subsequent events, changing circumstances, or shifts in its expectations. While the Company considers the expectations embedded in these forward-looking statements to be reasonable, it offers no guarantee that they will prove accurate. Investors are cautioned that actual outcomes may substantially diverge from those projected, and are advised to examine other factors that could impact future results, as detailed in the Company’s registration statement and other SEC submissions.
To obtain further details, please reach out to:
Hang Feng Technology Innovation Co., Ltd.
Investor Relations Division
Email:
Ascent Investors Relations LLC
Tina Xiao
Telephone: +1-646-932-7242
Email:
