Jieli Trading Treasure Takes Another Step Forward: Plans to acquire 33.4% equity stake in Asset Management Companies No. 4 and No. 9, targeting a comprehensive financial platform

On April 1, 2026, Jetly Trading Treasure (08017.HK) released a major announcement, stating that the company’s wholly owned subsidiary, Power Mind Global Limited, entered into a share purchase agreement with the seller, the target company Tiger Faith AM International Limited, and Junda Asset Management Co., Ltd. Under the agreement, the buyer may, subject to conditions, acquire 33.4% of the equity interest in the target company held by the seller. The target company is the sole shareholder of Junda Asset Management.

Junda Asset Management is a limited company incorporated in Hong Kong. It has obtained licenses under the Securities and Futures Ordinance to conduct regulated activities of Type 4 (advising on securities) and Type 9 (asset management). The total consideration for this acquisition is divided into two parts: (1) the agreed share premium of approximately HK$884.44k; and (2) 33.4% of the net asset value of Junda Asset Management as determined by an independent auditor on the delivery date. The consideration will be paid by the buyer in installments in cash. Within 7 business days after the due diligence is completed and the buyer is satisfied with the results, HK$532,000 will be paid, and the remaining consideration will be paid after the transfer of the shares is completed.

Source: Company announcement

1. Jetly Trading Treasure acquires 33.4% equity interest in an asset management company, entering Hong Kong’s asset management and investment advisory business

The core target of this acquisition is Junda Asset Management Co., Ltd. The company holds regulated-activity licenses issued by the Hong Kong Securities and Futures Commission, namely Type 4 (advising on securities) and Type 9 (asset management)—these two licenses are the core targets of Jetly Trading Treasure’s acquisition.

According to the regulatory requirements of the Hong Kong Securities and Futures Commission, the Type 4 license allows an institution to provide securities investment advisory services to clients, including market analysis, investment advice, portfolio allocation guidance, and more. The Type 9 license allows an institution to manage clients’ securities or futures investment portfolios and funds in a discretionary capacity, covering businesses such as collective investment scheme management and customized managed account services. These are “essential credentials” for asset management institutions to carry out business.

In the announcement, Jetly Trading Treasure’s board of directors stated that, with the macro-level support of government policies, Hong Kong’s financial services industry has strong development prospects. This acquisition provides a good entry point for the company to enter the advising on securities and asset management businesses and further build a diversified financial platform. The relevant licenses will help the company provide more distinctive integrated products and services to potential clients. This acquisition also aligns with the company’s strategy of exploring innovation and new business opportunities to diversify revenue sources.

This statement not only clarifies the core purpose of the acquisition, but also demonstrates the company’s confidence in the development opportunities of Hong Kong’s financial market. In recent years, the Hong Kong government has continued to introduce policies to support the development of financial technology, optimize the financial regulatory environment, and promote Hong Kong’s position as an international financial center. As Type 4 and Type 9 licenses are the core qualifications for carrying out asset management and investment advisory businesses, they are the “key to the door” for entering Hong Kong’s wealth management market—this is also the core reason why Jetly Trading Treasure is making this acquisition.

2. From Types 1 and 7 to Types 4 and 9—strategy keeps upgrading to build an ecosystem closed loop

As a scarce fintech listed company in Hong Kong, Jetly Trading Treasure’s main business focuses on broker trading systems, quotation software, and technology services. To date, the company has provided services to more than 150 Hong Kong brokerages and more than 2 million Hong Kong stock trading users. Its wholly owned subsidiary, TradeGo Markets, holds licenses from the Hong Kong Securities and Futures Commission: Type 1 (securities dealing) and Type 7 (providing automated trading services). It can engage in businesses including securities trading, operation of automated trading platforms, and trading of new shares in dark pools.

Source: Company interim report materials

From the financial data, the company’s business growth momentum is strong. In the first half of fiscal year 2026 (the 6 months ended September 30, 2025), the company achieved revenue of HK$81.06 million, representing a substantial year-on-year increase of 110%. Net profit was recorded at HK$35.659 million, surging 596% year-on-year, showing a high-quality growth trend.

Among them, licensed financial businesses were particularly prominent. Related revenue reached HK$44.905 million, accounting for 55% of total revenue, becoming the core growth driver. The underwriting and distribution services revenue of its subsidiary, TradeGo Markets Limited, was HK$38.832 million, up 440% year-on-year.

Although Types 1 and 7 already support brokerage and trading-related businesses, Jetly Trading Treasure still has clear shortcomings in the wealth management field—lacking investment advisory (Type 4) and asset management (Type 9) qualifications, it cannot provide end-to-end financial services to clients. As a result, it can only remain at the level of “trading tools” and “brokerage channels,” making it difficult to upgrade from a “trading entry point” to a “wealth management entry point.”

As it happens, this acquisition fills this gap. By indirectly holding Types 4 and 9 licenses, Jetly Trading Treasure will achieve a comprehensive layout of “trading + investment advisory + asset management,” completing its strategic transition from a single fintech services provider to a comprehensive financial services platform.

Therefore, the company’s future revenue sources will be more diversified, improving its ability to withstand risks. After acquiring Types 4 and 9 licenses, the company is expected to add new revenue streams such as investment advisory fees, asset management fees, and performance-based remuneration, further optimizing its revenue structure and reducing the impact of fluctuations in a single business segment on the company’s performance. Combined with the company’s cash and cash equivalents reserve of RMB 223 million shown in its 2026 interim report, the company has sufficient funding to support the subsequent development of its asset management business.

It is worth noting that, according to information disclosed earlier by the company’s management during earnings meetings, Jetly Trading Treasure is actively preparing to transfer its listing from GEM to the Main Board. If the transfer is successful, the company will obtain better liquidity and higher market recognition, thereby improving its valuation. This acquisition of Types 4 and 9 licenses will undoubtedly enrich the company’s business footprint, enhance its core competitiveness and profitability, and further strengthen the foundation for the listing transfer.

Conclusion

Overall, this acquisition helps Jetly Trading Treasure complete the business closed loop of “trading + investment advisory + asset management.” Not only can it enhance customer stickiness and diversify revenue sources, it also lays a solid foundation for the subsequent transfer from GEM to the Main Board and for improving its valuation. After holding Types 1, 4, 7, and 9 licenses, the company is expected to accelerate its transition from a fintech services provider to a comprehensive financial platform, seize development opportunities in Hong Kong’s financial market, and create greater value for shareholders.