Hong Kong, Jan. 20, 2026 — Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”) today announced it has entered into a material definitive agreement to acquire Airentity International Limited, a wine trading group (referred to as the “Target Company,” and together with its wholly-owned subsidiary Airentity Technology Limited, the “Target Group”). The Target Group specializes in the development and commercialization of a wine authentication and tracking system (“WATS”) and operates wine trading businesses across the Asia Pacific Region. This acquisition of the Target Group, which has been professionally valued at approximately US$125 million, represents a strategic initiative to diversify and strengthen Top Wealth’s offerings within the beverage sector, complementing its existing premium caviar business. The Target Company is owned by Winwin Development Group Limited (60.00%), Happy Harbour International Limited (8.00%), Dragon Cloud International Limited (7.80%), TangEkanaya Limited (8.00%), Darson Enterprise Limited (8.00%), and Chung Tat, Lo (8.20%) (collectively, the “Vendors”), indicating a strong alignment of interests.
The WATS system, initially deployed in 2025, has since gained widespread adoption among wine distributors who have business relationships with Winwin Development Group Limited. Winwin Development Group Limited is the controlling shareholder of Top Wealth and is wholly-owned by Mr. Kim Kwan Kings, Wong. The Target Group’s WATS system is believed to possess significant business potential and value, particularly given the increasing concerns regarding the authenticity and origins of wine and caviar products.
The Target Group’s operations are considered a natural complement to the Company’s existing caviar and wine trading businesses. Specifically, both the Company and the Target Group serve similar customer demographics. This acquisition is expected to enhance the Company’s profitability and expand its asset base, thereby generating value for its shareholders.
Mr. Kim Kwan Kings, Wong, commented, “This acquisition not only broadens our product mix but also deepens our presence in the luxury segment where caviar and fine wine naturally complement each other. We are confident in our unified vision and future growth prospects.”
As consideration for the acquisition, the Company will issue a total of 14,979,854 Class A Ordinary Shares and 3,000,000 Class B Ordinary Shares to the Vendors. These shares are valued based on an offer price of US$7.00 per Class A Ordinary Share and Class B Ordinary Share. In adherence to best practices in corporate governance and regulatory requirements, the proposed transaction underwent review and received unanimous approval from all independent directors of the Company, ensuring fairness and alignment with shareholder interests. The acquisition is anticipated to be finalized on or around January 20, 2025.
About Top Wealth Group Holding Limited
Top Wealth Group Holding Limited is a holding company established in the Cayman Islands, with all its operational activities conducted by its Hong Kong-based subsidiary, Top Wealth Group (International) Limited. The Company specializes in the supply of premium-grade sturgeon caviar. Its caviar and caviar products are certified with permits from the Convention on International Trade in Endangered Species of Wild Fauna and Flora (“CITES”). Top Wealth supplies caviar to customers for private labeling under their own brand labels and also markets caviar products under its proprietary brand, “Imperial Cristal Caviar,” which has consistently achieved substantial sales growth since its market introduction.
Safe Harbor Statement
This press release includes forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar expressions. The Company may also issue written or oral forward-looking statements in its periodic reports filed with the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases, other written materials, and in verbal communications by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to those concerning the Company’s beliefs and expectations, constitute forward-looking statements. Forward-looking statements inherently involve risks and uncertainties. Various factors could cause actual results to differ materially from those expressed in any forward-looking statement. Additional information regarding these and other risks is detailed in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is current as of its publication date, and the Company disclaims any obligation to update such information, except as mandated by applicable law.
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