GOFINTECH QUANT (00290) announced that on November 13, 2026, the company intends to sell a 22.50% equity interest in CSOP Asset Management Limited to CPCT Limited for a cash consideration of HK$1.2 billion.

In addition, the company is entitled to receive a Permitted Dividend under the share purchase agreement, which is a contingent right and does not form part of the consideration. The Permitted Dividend refers to dividends declared by the target company from the undistributed profits attributable to the sale shares, provided that the total amount of the Permitted Dividend shall not exceed approximately HK$251 million.

It is understood that the target company is the first offshore entity established by a regulated Chinese asset management company. The target company is licensed by the Securities and Futures Commission to carry on Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance.

The target company focuses on cross-border asset management, providing overseas investors with investment products and solutions for the Chinese market, and offering global asset allocation solutions to mainland Chinese investors. Its business covers passive, active, and quantitative investments: passive products include equity ETFs, fixed income ETFs, money market ETFs, leveraged and inverse products, thematic ETFs, and virtual asset futures ETFs; active strategies cover Greater China equities and fixed income.

The announcement stated that the company has been approved for its own OFC open-ended fund platform. In order to avoid horizontal competition with CSOP's ETF business, the company will concentrate resources on developing its own proprietary public fund business, creating differentiated products in quantum technology, AI, and RWA asset tokenization. At the same time, it will monetize its equity investment, recover cash, and optimize asset liquidity.

The proceeds from the disposal will be used for the group's operations, debt repayment, seed capital for its own public funds, and investment in quantum and AI computing power projects.