GoFintech Quantum Innovation Limited Announces Major Acquisition of Artworks and Calls Extraordinary General Meeting

Key Highlights for Investors

• Major Transaction: GoFintech Quantum Innovation Limited (“the Company”, Stock Code: 290) is seeking shareholder approval for a substantial acquisition of 28 high-value artworks, artefacts, and antiques totaling approximately HK\$829.67 million.
• Extraordinary General Meeting (EGM): The EGM is scheduled for Monday, 16 March 2026, at 11:00 a.m. at Units No. 4102-06, 41/F, COSCO Tower, 183 Queen’s Road Central, Hong Kong.
• Strategic Rationale: The acquisition forms a cornerstone in the Company’s strategy to expand into art-backed real-world asset (RWA) tokenization, leveraging the value of tangible assets for blockchain-powered financial solutions.
• Valuation and Appraisal: All artworks were independently appraised, with reports provided by recognized experts. The aggregate valuation is supported by detailed market references, historical auction prices, and third-party validation.
• Funding: The purchase was funded entirely through the Company’s internal resources, without new borrowings or share issues for this purpose.
• Remedial Actions: The Company admitted to an inadvertent oversight in not aggregating the acquisitions earlier for disclosure under Chapter 14 of the Listing Rules, and has implemented robust internal controls to prevent future lapses.

Detailed Breakdown of the Artwork Acquisition

From January to September 2025, the Company (via its wholly-owned subsidiary, GoFintech New Art Innovation Limited) acquired 28 rare and high-value artworks, including:

• Chinese dynastic ceramics, celadon vases, imperial porcelain, and Hetian jade carvings from the Song, Ming, and Qing dynasties.
• Works by international and Chinese modern artists, such as Pierre-Auguste Renoir’s Bather (1890) and Zeng Fanzhi’s Portrait of Andy Warhol (2004).
• The total acquisition cost for these 28 items is approximately HK\$829.67 million, with individual pieces valued up to HK\$63 million.
• All sellers are confirmed as independent third parties with no connected party transactions involved.

Appraisal reports for each item were prepared by renowned museum researchers and auction specialists, referencing recent auction results and emphasizing the rarity, quality, and market appreciation potential of the items.

Strategic Implications and Shareholder Considerations

• Expansion into RWA Tokenization: The Company plans to tokenize these artworks as digital assets (e.g., NFTs), enabling trading and fractional ownership on regulated and decentralized platforms. This represents a transformative pivot into the RWA financialization sector, aiming to unlock liquidity, diversify revenue, and attract new investor bases.
• Asset-Backed Security and Custody: All acquired artworks are entrusted to professional auction houses in Hong Kong and the PRC, with robust custody, insurance, and audit arrangements in place to protect the assets.
• Potential Share Price Sensitivity: This strategic move could significantly affect the Company’s asset base, income sources, and risk profile. Shareholders should note that while tokenization has not yet occurred, future sales or token issuances may be subject to further disclosure and could materially impact the Company’s valuation and liquidity.
• Compliance and Governance: Following a regulatory query, the Company acknowledged its previous failure to aggregate and disclose these acquisitions as a “major transaction” under Listing Rules. Remedial measures have been implemented, including a dedicated internal art investment and compliance team, enhanced due diligence, and quarterly compliance training.
• Contingency if EGM Resolution Fails: If shareholders do not approve the acquisitions at the EGM, the Company will seek to sell the artworks at no less than cost and make appropriate disclosures.

Financial Position and Outlook

• Solid Financial Standing: As of 31 January 2026, the Group had unsecured and unguaranteed borrowings of HK\$152 million, and management affirms sufficient working capital for at least 12 months.
• No Material Adverse Change: There have been no significant adverse changes in the Group’s financial or trading position since 31 March 2025.
• Business Diversification: Besides financial services, the Group is actively expanding into quantum technology, supply chain operations, and cultural finance, with a long-term investment approach towards art, artefacts, and collectibles.

Important Information for Shareholders

• Voting: Shareholders are urged to review the circular and attend or appoint a proxy for the EGM to vote on the ratification of the artwork acquisitions.
• Record Dates: Share transfer registration closes from 11-16 March 2026. Only registered shareholders by 10 March 2026 (by 4:30 p.m.) are eligible to vote.
• Disclosure: Any future tokenization or disposal of these artworks will be subject to further disclosure under Listing Rules.

Potential Share Price Catalysts

• Approval of the artwork acquisition and successful execution of the RWA tokenization strategy may result in a material re-rating of the Company, reflecting its new asset base and entry into the high-growth digital asset market.
• Any failure to secure EGM approval or regulatory complications could create short-term volatility.
• The Company’s strong compliance response and expansion into high-value, alternative assets could attract new institutional and strategic investors.

Conclusion

The acquisition of a significant portfolio of artworks and the strategic plan to tokenize real-world assets represent a major shift for GoFintech Quantum Innovation Limited. This move could substantially enhance the Company’s asset base, unlock new revenue streams, and position it as a pioneer in the intersection of art, finance, and blockchain technology. Shareholders are advised to closely monitor the outcome of the EGM and subsequent corporate actions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should read the official Company circular and consult their professional advisers before making any investment decisions. The Company’s strategies involve risks, including but not limited to regulatory, market, and execution risks. Past performance and appraisals are not indicative of future results.

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