Yichen Group(08365.HK) plans to establish a joint venture company providing tokenized investment automated trading services

Gelonghui March 4 — Yichen Group (08365.HK) announced that on March 3, 2026, the company entered into a joint venture agreement with Esperanza. Under this agreement, the company and Esperanza will each hold 51% and 49% of JVBVICo respectively. Once the Securities and Futures Commission grants licenses to JVHKCo and all other conditions are met or waived, the company will issue consideration shares to Esperanza (or its nominees) in exchange.

JVBVICo will become a directly owned, non-wholly owned subsidiary of the company, and the financial performance of the joint venture group will be consolidated into the group’s accounts.

The consideration shares include 39 million new shares, representing (a) approximately 19.62% of the total issued shares as of the date of this announcement; and (b) approximately 16.40% of the enlarged issued share capital upon completion (assuming no change in the total issued shares from the date of this announcement to completion, aside from the issuance of consideration shares). The consideration shares will be issued and allotted under general authority and will have the same rights as the existing shares after issuance. The company will apply to the Stock Exchange for approval of the listing and trading of the consideration shares.

The board believes that the joint venture agreement presents an opportunity to leverage the group’s expertise in financial services to expand into Hong Kong’s growing digital asset market. Through this partnership, the group aims to position itself as a pioneer in institutional digital asset distribution, gaining significant attention among global institutional investors for security token offerings and seizing timely opportunities. This collaboration not only diversifies the group’s service portfolio but also allows participation in Esperanza’s platform growth in Asia (including concert tokenization and other innovative digital asset products), creating new revenue streams.

Additionally, the joint venture combines the group’s strengths in corporate financing and distribution with EF Securities’ licensed tokenization infrastructure and technology platform, generating synergies to effectively promote the concept of digital assets and benefit various industries in Hong Kong.