AMASSE CAPITAL (08168) plans to develop financial consulting services through Zhongfang Capital Management.

AMASSE CAPITAL (08168) announces that Dragon Star Limited (a wholly-owned subsidiary of the Company) and China Overseas International Investment Limited (China Overseas Investment) jointly hold China Overseas International Capital Management Ltd. (China Overseas Capital Management). China Overseas Capital Management is owned 68% by China Overseas Investment and 32% by Dragon Star Limited on the date of this announcement. Both parties intend to develop financial consulting services (for projects including but not limited to funds and real estate asset projects) through China Overseas Capital Management, particularly in countries along the Belt and Road Initiative, including but not limited to: referring professional teams for projects, providing compliance consulting services, seeking opportunities for listing on the Hong Kong Stock Exchange; seeking or establishing private equity funds or special purpose acquisition companies for projects; and referring financing, strategic investors, and designing offshore debt instruments for projects. The Group is primarily engaged in providing institutional financing advisory services and investment advisory services in Hong Kong, including regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) Categories 1 (Securities Trading), 4 (Providing advice on securities), 6 (Providing advice on corporate finance), and 9 (Asset Management). The above new business provides a strategic opportunity for the Group to explore new business opportunities in institutional financing advisory services and asset management services, to explore the possibility of diversified sources of income, and to bring additional revenue to the Group. The Company is considering opportunities in the technology agriculture business, which may include modern farm operations and related activities such as production, sales, processing, and agricultural e-commerce by Shenzhen Agricultural Power Group.