Announcement • Jul 08
Hang Feng Technology Innovation's HFIAM Secures Type 1 (Dealing in Securities) Regulated Activity License from Securities and Futures Commission to Provide Virtual Asset Related Services Hang Feng Technology Innovation Co., Ltd. announced that its wholly-owned subsidiary, Hang Feng International Asset Management Limited (HFIAM) has been granted a Type 1 (Dealing in Securities) regulated activity license by the Securities and Futures Commission of Hong Kong ("SFC"). This license enables HFIAM to provide a range of securities dealing activities, including the distribution services, to professional investors. In accordance with SFC requirements, HFIAM is authorized to carry on the following activities: Type 1 License: Permits dealing in securities and acting as both principal and agent in securities transactions, allowing the provision of diversified product distribution, trade execution, and related support services to professional investors. Combined with Existing Type 4 and Type 9 Licenses: Further enhances comprehensive service capabilities, enabling the Company to provide a fully integrated service chain for clients, from advising on securities and asset management to securities dealing and distribution. Against the backdrop of Hong Kong strengthening its position as an international financial center, asset management companies holding a Type 1 license will gain stronger market competitiveness. The granting of this license to HFIAM reflects HFIAM's satisfaction of the applicable regulatory requirements for conducting Type 1 regulated activities under the SFC licensing regime. With this license, the Company believes that HFIAM will be able to more effectively connect product providers with investors, offering professional investors a wider range of investment choices and efficient transaction services. Reported Earnings • Apr 17
Full year 2025 earnings released: US$1.65 loss per share (vs US$0.22 profit in FY 2024) Full year 2025 results: US$1.65 loss per share (down from US$0.22 profit in FY 2024). Revenue: US$2.33m (up 15% from FY 2024). Net loss: US$9.59m (down US$10.5m from profit in FY 2024). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$5.17, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 19x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to US$4.52, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 19x in the Professional Services industry in the US. New Risk • Mar 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Revenue is less than US$5m (US$3.1m revenue). Market cap is less than US$100m (US$23.6m market cap). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$3.21, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 21x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$4.53, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 21x in the Professional Services industry in the US. Announcement • Jan 29
Hang Feng Technology Innovation Co., Ltd. Announces Demise of Wong Yiu Kit Ernest, Member of the Board of Directors, the Chair of the Audit Committee, and Member of the Compensation Committee and Nominating and Corporate Governance Committee, on January 24, 2026 Hang Feng Technology Innovation Co., Ltd. is saddened to report that Mr. Wong Yiu Kit Ernest, a member of the Company’s Board of Directors, the chair of the Board’s Audit Committee, and a member of the Compensation Committee and Nominating and Corporate Governance Committee, passed away on January 24, 2026. The Company is grateful for Mr. Wong’s dedication and service to the Company. The Company’s management and Board extends their sincere condolences to Mr. Wong’s family. The Company intends to appoint a new independent director prior to the end of the cure period to fill in the vacancy resulted from Mr. Wong’s passing. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$8.73, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 24x in the Professional Services industry in the US. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairman Fenglei Qian is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$10.16, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 25x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to US$13.01, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 24x in the Professional Services industry in the US. Announcement • Nov 28
Hang Feng Technology Innovation Co., Ltd. Announces SFC Approval to Provide Virtual Asset Advisory and Management Services Hang Feng Technology Innovation Co., Ltd. announced that its wholly owned subsidiary, Hang Feng International Asset Management Limited which holds a license granted by the Securities and Futures Commission of Hong Kong ("SFC") to carry on Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities in Hong Kong, has officially received approval from SFC to upgrade its licenses to provide virtual asset-related asset management and investment advisory services. Specifically, the regulatory consent enables HFIAM to offer the following services, available only to professional investors, in compliance with the SFC's requirements: Type 4 License Upgrade: permits HFIAM to offer investment advice on virtual assets, subject to the SFC's specific terms and conditions governing virtual asset advisory services. Type 9 License Upgrade: permits HFIAM to manage investment portfolios with virtual asset exposures exceeding 10% of the gross asset value of the portfolios, as well as standalone virtual asset funds, in accordance with the SFC's prescribed framework for virtual asset portfolio managers. The Company views this milestone as a cornerstone of its broader digital asset strategy. Operating within Hong Kong's robust and forward-looking regulatory regime, the Company believes that the upgraded licenses will enable HFIAM to meet growing institutional and professional investor demand for secure, compliant access to virtual asset investment opportunities. Management emphasized the Company's commitment to adhering to SFC standards, ensuring all virtual asset products are developed and managed with prudence, transparency, and investor protection at the forefront. The Company believes that this expansion not only diversifies the Company's service offerings but also reinforces its mission to help clients safely navigate and capitalize on the evolving digital economy. Looking ahead, the Company expects to remain steadfast in its vision to become a trusted partner in the field of asset management. With these upgraded licenses, the Company is aiming to enhance its service depth, accelerate business growth, and deliver long-term value to clients by bridging traditional finance with the innovation of digital assets responsibly, sustainably, and with excellence. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$11.60, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 24x in the Professional Services industry in the US. Announcement • Nov 06
Hang Feng Capital Announces Innovations in Stablecoin Payments and On-Chain Asset Management At Hong Kong Fintech Week 2025 Hang Feng Capital announced that co-hosted by the Hong Kong SAR Government and InvestHK, the "Hong Kong FinTech Week 2025" took place on November 3-4 at the Hong Kong Convention and Exhibition Centre. Together, they unveiled Hang Feng Capital's strategic expansion in the digital finance ecosystem. With its secure and compliant stablecoin custodial services, Fopay has already gained significant market attention. Under the theme "Freedom of Pay, StablecoinGateway, Cross-Border Payment" Fopay created an immersive cross-border remittance experience zone at the main exhibition hall. From the opening moments of the event, the booth attracted massive crowds, with long queues forming at the payment experience area. Attendees eagerly tested Fopay's newly launched high-speed "cross-border remittance" feature. Guided by staff, visitors were able to experience the entire process, from initiating transfers to funds being received instantly. In addition, Fopay showcased its localized stablecoin QR payment functionality, with a pilot program already active in the Brazilian market. The convenient payment experience became a highlight of the event, drawing numerous attendees to try it out for themselves. To further enhance engagement, Fopay hosted interactive activities where participants could complete simple tasks to win prizes such as AirPods Pro 3, custom power banks, and Fopay-themed merchandise. The booth contracted an estimated 3,000 visitors on the first day alone, maintaining a lively and energetic atmosphere throughout the event. On the other side of the exhibition, Hang Feng Technology Innovation (HFintech) showcased its vision for "Real Assets, Reimagined Wealth," targeting institutional investors and corporate clients. As its first international exhibition appearance since listing on Nasdaq in September, the booth's sleek and professional setup drew significant attention from professional audiences. Multiple institutional clients engaged in discussions, creating a vibrant atmosphere of collaboration. The company's CEO stated, "Our team is integrating traditional asset allocation models with blockchain technology, offering institutional clients compliant and transparent on-chain fund solutions." He also revealed plans to develop a next-generation digital asset infrastructure that is "born on-chain, openly interconnected, and AI-enhanced," aiming to drive the evolution of asset management toward smarter and more interconnected solutions. Enthusiastic responses from attendees and potential partners highlighted the market's interest in Hang Feng Technology's forward-thinking initiatives. A strategic spokesperson for Hang Feng Capital emphasized the synergy between Fopay and Hang Feng Technology Innovation, presenting a "Payments + Asset Management" dual-engine model. Fopay focuses on building a compliant, low-friction stablecoin cross-border payment network, while Hang Feng Technology Innovation explores efficient and compliant on-chain asset management solutions. Together, these platforms present practical applications for digital finance within a regulatory framework, offering a blueprint for the integration of Web3 technologies with the real economy. This collaborative display not only demonstrates Hang Feng Capital's commitment to digital finance innovation but also serves as a valuable reference point for the industry in bridging Web3 developments with traditional economic systems. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$11.95, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 26x in the Professional Services industry in the US. Reported Earnings • Oct 26
First half 2025 earnings released First half 2025 results: EPS: US$0.069. Net income: US$363.5k (up US$363.5k from 1H 2024). Announcement • Sep 12
Hang Feng Technology Innovation Co., Ltd. has completed an IPO in the amount of $5.5 million. Hang Feng Technology Innovation Co., Ltd. has completed an IPO in the amount of $5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,375,000
Price\Range: $4
Discount Per Security: $0.32 
