TRADEGO (08017) has announced that on April 1, 2026, its wholly-owned subsidiary, Power Mind Global Limited (the buyer), entered into a share purchase agreement with the seller Tiger Faith Holdings Limited, the target company Tiger Faith AM International Limited, and the asset management company Tiger Faith Asset Management Limited. Under this agreement, the buyer has conditionally agreed to acquire, and the seller has conditionally agreed to sell, a 33.4% equity interest in the target company. The target company is the sole shareholder of the asset management firm.

The total consideration payable by the buyer consists of two components: a share premium and a net asset value portion. The share premium for the 33.4% stake, determined through fair negotiation and based on general commercial terms while considering the business development value of both the target and asset management companies, is set at HKD 888,400. The net asset value component represents 33.4% of the asset management company's net assets as of the closing date, to be determined by an independent auditor appointed by the seller via audited financial statements or a confirmation letter.

The board of directors believes that Hong Kong's financial services sector holds strong growth prospects, supported by favorable government policies. Acquiring a 33.4% interest in the asset management company provides the group with a strategic entry point into the securities advisory and asset management businesses, further diversifying its financial platform. The relevant licenses obtained will enable the group to offer more distinctive integrated products and services to potential clients. This acquisition aligns with the company's strategy of exploring innovative and new business opportunities to diversify its revenue streams.