TRADEGO (08017) intends to acquire 33.4% equity of Tiger Faith Asset Management Limited.

TRADEGO (08017) announced that on April 1, 2026, the company's wholly-owned subsidiary Power Mind Global Limited (the Buyer) entered into a share purchase agreement with Tiger Faith Holdings Limited (the Seller), Tiger Faith AM International Limited (the Target Company), and Tiger Faith Asset Management Limited (Junda Asset Management Limited) (the Asset Management Company). Under the agreement, the Buyer conditionally agrees to acquire, and the Seller conditionally agrees to sell to the Buyer, 33.4% of the equity interest in the Target Company (the Proposed Acquisition). The Target Company is the sole shareholder of the Asset Management Company. According to the agreement, the total consideration payable by the Buyer includes two parts: share premium - the Buyer and the Seller, based on fair negotiation, with reference to general and commercial terms and considering the business development value of the Target Company and the Asset Management Company, determined the share premium for the Buyer's proposed acquisition of 33.4% equity interest in the Target Company to be HK$888,400; and net asset value - 33.4% of the Asset Management Company's net asset value as determined by an independent auditor appointed by the Seller based on audited financial statements or confirmation letters as of the closing date. The Board believes that the financial services industry in Hong Kong has strong growth prospects with macro policy support from the government. The acquisition of 33.4% equity interest in the Asset Management Company provides a good entry point for the Group to enter the securities advisory and asset management business and further develop a diversified financial platform, with the relevant licenses helping the Group to provide more distinctive comprehensive products and services to potential clients. The acquisition is consistent with the company's policy of exploring innovation and new business opportunities to diversify sources of income.