NEW YORK, April 16, 2026 /PRNewswire/ — Hang Feng Technology Innovation Limited (NASDAQ:FOFO) (“Hang Feng Technology Innovation” or the “Company”), a Nasdaq-listed company headquartered in Hong Kong, today announced its financial results for the fiscal year ended December 31, 2025.
Fiscal Year 2025 Financial Highlights
- Total revenue increased by 14.7% to approximately US$2,328,172 for the year ended December 31, 2025, compared to US$2,029,269 in the prior year.
- Corporate management consulting services revenue grew 41.8% to approximately US$1,949,814, driven by the addition of seven new clients during the year, doubling the customer base compared to 2024.
- Asset management services revenue was approximately US$378,358, primarily from fund management fees.
- As of December 31, 2025, the Company held cash of approximately US$7,420,426, compared to US$2,534,502 as of December 31, 2024.
- Net proceeds from the Company’s initial public offering (“IPO”) in September 2025 totaled approximately US$5.1 million after deducting underwriting discounts and offering expenses.
Asset Management Business
The Company provides asset management services through its wholly owned subsidiaries: Hang Feng Fund SPC, an exempted company incorporated in the Cayman Islands with limited liability (“HF Fund SPC”), Hang Feng Capital Management Limited, a business company incorporated under the laws of BVI (“HF CM”), and Hang Feng International Asset Management Limited, a company incorporated under the laws of Hong Kong with limited liability (“HF IAM”). HF IAM holds Type 4 (advising on securities) and Type 9 (asset management) licenses issued by the Hong Kong Securities and Futures Commission (“SFC”). On February 27, 2025, HF IAM submitted an application for a Type 1 (dealing in securities) license to the SFC, which is still pending.
In November 2025, the Company initiated a new development within its asset management business to explore real-world asset (“RWA”) tokenization, specifically the tokenization of interests in its fund-of-funds (“FoF”) portfolios. In connection with this initiative, the Company granted restricted share units (“RSUs”) to consultants for the design, development, and implementation of the RWA platform. This resulted in a non-cash, share-based compensation recognized as R&D expense of approximately US$8,955,908 for the year ended December 31, 2025, which contributed to a …