Hong Kong, Sept. 15, 2025 — Hang Feng Technology Innovation Co., Ltd. (Nasdaq: FOFO) (“Hang Feng” or the “Company”), a Hong Kong-based provider of comprehensive corporate management consulting and asset management services, announced today the completion of its initial public offering (“Offering”) of 1,375,000 ordinary shares, with a par value of $0.0001 per share, priced at US$4.0 per share. Trading of the ordinary shares on the Nasdaq Capital Market commenced on September 12, 2025, under the ticker symbol “FOFO.”
The Offering generated gross proceeds of US$5.5 million for the Company, prior to deduction of underwriting discounts and associated expenses. Furthermore, the underwriters have been granted an option, exercisable within 45 days, to purchase up to 206,250 additional ordinary shares at the public offering price, less underwriting discounts.
The Company intends to use the net proceeds from the Offering to enhance its corporate management consulting operations, expand its asset management business, pursue strategic partnerships and business development, and for general working capital and operational needs.
The Offering was executed on a firm commitment basis. Kingswood Capital Partners, LLC (“Kingswood”) served as the underwriter for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. legal counsel to the Company, while VCL Law LLP served as U.S. legal counsel to Kingswood in connection with the Offering.
A registration statement on Form F-1 pertaining to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-287284), as amended, and declared effective by the SEC on September 12, 2025. The Offering was conducted solely through a prospectus, which forms part of the registration statement. Copies of the final prospectus related to the Offering can be obtained from Kingswood via email at , by mail to Kingswood, 7280 W. Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, or by phone at +1-561-961-0505. The final prospectus is also available on the SEC’s website at .
This press release is not an offer to sell or a solicitation of an offer to buy the Company’s securities, nor shall any securities be offered or sold in the United States absent registration or an applicable exemption from registration. Furthermore, no offer, solicitation, or sale of the Company’s securities shall occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About Hang Feng Technology Innovation Co., Ltd.
Hang Feng Technology Innovation Co., Ltd., based in Hong Kong, offers comprehensive corporate management consulting solutions along with specialized asset management services tailored to meet diverse client requirements. Since 2023, Hang Feng, through its subsidiary Starchain Investment Trading Limited (“Starchain”), has been providing consulting services and identifying market opportunities for a growing client base. Starchain delivers customized management consulting, including insights for strategic growth, performance management reporting, key performance indicator (KPI) advisory, and support for regulatory compliance, risk management, and corporate governance. Recognizing client demand for advanced asset management solutions, the Company launched asset management services in 2024, introducing structured solutions designed to manage and grow corporate and individual capital portfolios. Additional information can be found on the Company’s website:
Forward-Looking Statements
Certain statements contained in this announcement constitute forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, and are based on the Company’s current expectations and projections regarding future events that the Company believes could impact its financial condition, operating results, business strategy, and financial needs. The use of terms such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions in this prospectus often, but not always, identifies these statements. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this announcement or to reflect changes in its expectations, except as required by law. While the Company believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be accurate. The Company cautions investors that actual results may differ materially from anticipated results and encourages them to review other factors that may affect its future results as detailed in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Hang Feng Technology Innovation Co., Ltd.
Investor Relations Department
Email:
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
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