LVJI TECH (01745) plans to establish a subsidiary in Hong Kong to engage in the sale of gold products.

LVJI TECH (01745) announced that, in response to the trend of upgrading cultural consumption and to drive the diversified development of the group's business, the group plans to launch a new business line using a collaboration model of "cultural tourism intellectual property + gold industry" to create a product line with differentiated features. In this regard, the Board of Directors of the company announced that, on the basis of the group's existing core business, the company is considering establishing a wholly-owned subsidiary in Hong Kong to engage in the sale of gold products using the business model of "direct-operated flagship stores + national chain franchise stores". This subsidiary will focus on sets of gold coin products, distinct from mainstream gold jewelry on the market, with the product range expected to cover commemorative coins, investment coins, and limited edition collectible coins series. The group also does not rule out the possibility of acquiring other local gold coin companies in Hong Kong in the future to further strengthen the industry chain layout and enhance industry competitiveness. The company hereby emphasizes that as of the date of this announcement, the subsidiary has not yet been established, and the specific details regarding the establishment of the subsidiary and its final commercial model are still at the preliminary discussion stage. The company also confirms that at this stage, no acquisitions or agreements have been made regarding potential business updates.