TOKYO CHUO (01939) announced that it has completed the establishment of Hong Kong Shangshan Technology Co., Ltd. (Shangshan Technology), a wholly-owned subsidiary dedicated to the global deployment of gold smart terminals and expanding gold-related business operations.

The Board believes that gold, as a special asset with both commodity and financial attributes, has seen continuous global price increases in recent years, driving significant revaluation of gold assets and surging demand. The market potential is substantial with broad development prospects.

By establishing this wholly-owned subsidiary to conduct gold and smart device related business, the company aims to diversify its business portfolio and reduce dependency on single business operations, thereby enhancing risk resistance capabilities. The initiative seeks to leverage development opportunities in the gold market to cultivate new profit growth drivers and improve overall operational performance.

The move is designed to strengthen the company's technological capabilities and further enhance comprehensive market competitiveness. Additionally, leveraging Hong Kong's geographical location and international advantages, the company plans to expand into global markets and attract attention and participation from international investors.

These business initiatives will contribute to achieving business diversification and sustainable development for the company, aligning with the overall interests of the company and its shareholders.