GoFintech Quantum Innovation Limited Signs MOU for Potential Minority Stake in Luffa AI Limited

Key Points of the Announcement

• GoFintech Quantum Innovation Limited (Stock Code: 290) has entered into a non-legally binding Memorandum of Understanding (MOU) with Luffa AI Limited for a potential minority equity investment.
• The MOU was signed on 30 April 2026.
• Luffa AI Limited is an independent third party, not connected to GoFintech or its related persons.
• The MOU grants GoFintech an exclusive due diligence period of three months to assess Luffa AI Limited’s business, operations, assets, finances, and legal matters.
• During this exclusivity period, Luffa AI Limited and its affiliates are prohibited from soliciting or negotiating with other parties for similar investments or equity disposals.
• Luffa AI Limited specializes in AI and Web3-based communication and social networking products, with its flagship platform “Luffa” offering decentralized, end-to-end encrypted social and messaging services.
• The main assets of Luffa AI Limited include intellectual property, source code, user base, app store listings, domain names, and social media accounts related to the “Luffa” platform.
• GoFintech intends to leverage this potential investment to enhance its position in fintech, especially in quantum encryption algorithms and blockchain technologies.
• No formal or legally binding agreement has been signed yet; the investment is not guaranteed to proceed.

Details and Potential Impact for Shareholders

This development signals GoFintech’s strategic intent to diversify and strengthen its technological capabilities within the financial services sector. The possible investment in Luffa AI Limited—a company focused on the intersection of AI, Web3, and secure, decentralized communications—could allow GoFintech to:

• Expand its technological edge by integrating quantum encryption and blockchain technology into its fintech offerings.
• Tap into the rapidly growing fields of AI-driven communication platforms and decentralized social networks, which are expected to be key areas of innovation and value creation in the coming years.
• Benefit from the synergy between its existing research & development in quantum technology and Luffa’s infrastructure for autonomous AI agents.

The exclusivity period included in the MOU is particularly important, as it means GoFintech has secured a temporary right of first refusal over Luffa AI Limited, blocking competitors from negotiating similar deals during this time. This could position GoFintech ahead of its peers if the deal materializes.

However, investors should note that the MOU is non-legally binding and no definitive agreement has been reached. There is a risk that the transaction may not proceed.

Business Rationale and Strategic Fit

GoFintech Quantum Innovation Limited, based in Hong Kong and operating across borders and industries, is implementing an innovation-driven strategy. The company is actively investing in quantum technology and exploring multi-dimensional business opportunities in the sector, in addition to its core licensed financial services. By targeting Luffa AI Limited, GoFintech aims to:

• Bolster its fintech portfolio with next-generation secure communication technologies.
• Strengthen its competitive edge in the international market, particularly in the Greater Bay Area.
• Leverage synergies with its own R&D in quantum encryption and blockchain to offer differentiated fintech services.

Risks and Shareholder Considerations

Price Sensitivity: The announcement of a potential investment in a high-growth, cutting-edge technology company could be a material event for GoFintech’s share price, depending on further developments and market perception of the strategic fit.

Uncertainty: As the MOU is non-binding and only preliminary, there is no guarantee that the investment will be completed, and the terms may change. Shareholders should exercise caution and monitor further announcements.

Strategic Exclusivity: The three-month exclusivity period gives GoFintech a unique negotiation advantage, which could have significant value if the due diligence yields positive results.

Board and Management

The Board of GoFintech Quantum Innovation Limited is chaired by Ms. SUN Qing (executive director), with Dr. NIE Riming and Mr. LI Chunguang as non-executive directors, and Mr. CHIU Kung Chik, Ms. LUI Mei Ka, and Dr. LIANG Jinxiang serving as independent non-executive directors.

Next Steps

• Further announcements will be made by GoFintech in compliance with the Hong Kong Listing Rules as and when there are material developments.
• Shareholders and potential investors are advised to exercise caution when dealing in the shares of GoFintech Quantum Innovation Limited.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on a company announcement and may be subject to change. Investors should make their own assessment and consult professional advisers before making investment decisions. No responsibility is accepted for any losses arising from reliance on the information provided herein.

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