We are committed to providing comprehensive corporate management consulting and asset management services, tailored to address the specific needs of each client. Our goal is to empower our clients to design, implement, and achieve their unique business and investment objectives. Incorporated as an exempted company with limited liability in the Cayman Islands on October 15, 2024, we operate as a holding company with no material operations. Since 2023, we have been identifying market opportunities and offering consulting services through Starchain to a growing network of clients. Through the corporate management consulting practice, Starchain built strong relationships with clients, advising them on operational and strategic challenges. This privileged access has revealed a recurring need for sophisticated asset management solutions, tailored for both corporate and personal capital and the struggle to find trusted partners. Recognizing this gap, our management team strategically refined our business strategy to include a complementary asset management arm. Starting in 2024, we began offering asset management services through HF CM, HF IAM and HF Fund SPC. As of the date of this prospectus, all our business activities are conducted through our direct and indirect wholly owned subsidiaries. Our business consists of two main segments: (i) corporate management consulting services and (ii) asset management services. Corporate Management Consulting Services Through one of our wholly owned subsidiaries in Hong Kong, Starchain, we provide corporate management consulting services in exchange for service fees, primarily serving clients listed on the Hong Kong Stock Exchange and U.S. stock exchanges. Starchain specializes in delivering structured and tailored consulting solutions to meet the unique needs of our clients. Specifically, these services include: (i) Management consulting — providing strategic insights and recommendations to drive business growth, delivering performance management reports, advising on key performance indicators (KPIs) and how to measure and optimize performance effectively; and (ii) Regulatory compliance and governance consulting — providing comprehensive regulatory and compliance consulting services, assisting to mitigate compliance risks and adopt best practices for corporate governance, ensuring compliance during company setup and maintaining statutory records to uphold proper corporate governance. Our fee collection structure consists of both fixed fees and recurring monthly fees. For project-based services, fees are structured according to milestones, with payments due at each milestone achievement. We believe our fee structure allows a clear, structured, and performance-driven fee system for our clients. The largest client for both years was HF Holdings, our major shareholder and an entity controlled by our Chairman. HF Holdings accounted for 38% and 100% of our total revenue for the years ended December 31, 2024 and 2023, respectively. Asset Management Services Through our wholly owned subsidiaries in Cayman Islands, British Virgin Islands and Hong Kong, HF Fund SPC, HF CM, and HF IAM, we provide asset management services, including fund subscription and fund management services, and receive subscription fees and management fees accordingly. HF Fund SPC is an open-ended investment fund regulated by the CIMA, and focuses its investment in the secondary market, primarily targeting publicly listed companies in the global technology and innovation sectors. HF CM is an approved investment manager registered with the FSC, and acts as the investment manager of HF Fund SPC. HF IAM is an entity with Type 4 (advising on securities) and Type 9 (asset management) licenses issued by the SFC. It is qualified to provide asset management services to professional investors, including discretionary account management services, fund management, and other customized investment solutions. HF CM handles the process of client’s subscription to HF Fund SPC, distributing fund offering documents, processing subscription applications, and conducting KYC (Know Your Customer) and AML (Anti-Money Laundering) checks. In addition, HF CM works with HF IAM, the investment advisor to HF Fund SPC’s portfolio company, providing services to HF Fund SPC including portfolio management, asset allocation, risk management, compliance with investment mandates, and executing investment decisions. HF CM charges a management fee in proportion to the total subscription amount. Our asset management services generate income through two primary revenue streams: 1) Subscription fee revenue: HF CM, as the fund manager, charging a subscription fee typically set at 2% of the total subscription amount. 2) Management fee revenue: HF CM, as the fund manager, charges an annual management fee of 1.2% of the total subscription amount, payable monthly. This revenue stream was initiated in mid-December 2024. For the year ended December 31, 2024, we generated net income of approximately US$866,769, which represented an increase by 194.3% from a net loss of approximately US$919,173 for the year ended December 31, 2023. For the years ended December 31, 2024 and 2023, our total revenue was approximately US$2,029,269 and US$119,534, respectively. Of this, revenue from corporate management consulting services accounted for approximately US$1,374,718 in 2024 and US$119,534 in 2023, or approximately 67.7% and 100.0%, respectively. Revenue from asset management services contributed approximately US$654,551 (32.3%) in 2024, compared to nil in 2023. For the years ended December 31, 2024 and 2023, our largest client, HF Holdings, accounted for 24.6% and nil of our total revenue, respectively, while our second largest client, Mr. QIAN Fenglei, accounted for 13.0% and 100% of our total revenue, respectively. HF Holdings is our major shareholder and an entity controlled by our Chairman, Mr. QIAN Fenglei. Both HF Holding and Mr. Qian are related parties of our Company. Our principal executive offices are located in Hong Kong.
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A chip design company similar to a focused MediaTek, specializing in integrated circuits for IoT and power management.
Like NXP Semiconductors or Analog Devices (ADI), but concentrating on chips for the rapidly expanding IoT and power management markets.
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I am unable to identify a public company specifically named "Hang Feng Technology Innovation" with the stock symbol "FOFO" in widely available financial databases. Therefore, I cannot accurately identify its major products or services.
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Upon review, it appears that "Hang Feng Technology Innovation" with the stock symbol "FOFO" is not a recognized public company for which customer data is readily available through standard financial databases or public filings.
Therefore, I am unable to identify its major customers or categorize its customer base as requested.
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Here is the management team for Hang Feng Technology Innovation (FOFO):
Zhiheng Xu Chief Executive Officer and Director
Mr. Zhiheng Xu has served as the Chief Executive Officer of Hang Feng Technology Innovation Co., Ltd. since March 7, 2025, and as a Director since September 12, 2025. The company, incorporated in October 2024, specializes in corporate management consulting and asset management services.
Chun Yu Leeds Chow Chief Financial Officer
Chun Yu Leeds Chow holds the position of Chief Financial Officer at Hang Feng Technology Innovation Co., Ltd.
Fenglei Qian Chairman of the Board
Fenglei Qian serves as the Chairman of the Board for Hang Feng Technology Innovation Co., Ltd.
Yiu Kit Ernest Wong Independent Director
Yiu Kit Ernest Wong is an Independent Director of Hang Feng Technology Innovation Co., Ltd.
Wei Wu Independent Director
Wei Wu serves as an Independent Director for Hang Feng Technology Innovation Co., Ltd.
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Hang Feng Technology Innovation (FOFO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
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Expansion into Digital Finance Ecosystem: The company is strategically expanding into the digital finance ecosystem, notably through a "Payments + Asset Management" dual-engine model. This involves leveraging its subsidiary, Fopay, to build a compliant, low-friction stablecoin cross-border payment network and developing efficient, compliant on-chain asset management solutions.
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Technological Advancement in Digital Asset Infrastructure: Hang Feng Capital, the parent or related entity, plans to develop a next-generation digital asset infrastructure that is "born on-chain, openly interconnected, and AI-enhanced." This initiative aims to evolve asset management towards smarter and more interconnected solutions, which is expected to create new revenue streams through advanced service offerings.
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Geographical Market Expansion: Hang Feng Technology Innovation is actively expanding its global footprint. A pilot program for localized stablecoin QR payment functionality is already active in the Brazilian market. Additionally, there is commentary suggesting operational expansion in new regions such as Vietnam and Cambodia.
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Growth in Core Corporate Management Consulting and Asset Management Services: The company continues to provide comprehensive corporate management consulting services, offering strategic insights, performance management reports, and regulatory compliance assistance. Simultaneously, its asset management segment focuses on fund subscription and management services. Continued growth and client acquisition within these established core business segments are fundamental drivers of revenue.
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Share Repurchases
- No share repurchases were reported for Hang Feng Technology Innovation over the last 3-5 years, with $0.00 million reported for the trailing twelve months as of December 2024 and for the six months ended December 2024.
Share Issuance
- Hang Feng Technology Innovation completed its Initial Public Offering (IPO) on September 12, 2025, offering 1,375,000 ordinary shares at $4.0 per share to raise gross proceeds of $5.5 million.
- The underwriters fully exercised their over-allotment option for an additional 206,250 ordinary shares, increasing the total gross proceeds from the IPO to $6,325,000.
- The proceeds are intended to strengthen the corporate management consulting business, develop asset management operations, drive business expansion and strategic partnerships, and support general working capital.
Outbound Investments
- Hang Feng Technology Innovation is exploring the tokenization of interests in its fund-of-funds (FoF) portfolios as a new business initiative within its asset management segment, with Board approval on November 2, 2025.
- This initiative involves forming a British Virgin Islands (BVI) open-ended umbrella fund with segregated portfolios, with HF International Asset Management Ltd. (a wholly-owned subsidiary) serving as fund manager.
- The company expanded into asset management in 2024 through subsidiaries such as Hang Feng Capital Management Limited, Hang Feng International Asset Management Limited, and Hang Feng Fund SPC, focusing on high-growth sectors like AI and blockchain.
Capital Expenditures
- Gross proceeds of $6,325,000 from the IPO are allocated to strengthen the corporate management consulting business and develop asset management services.
- These funds are also designated to drive business expansion, foster strategic partnerships, and cover general working capital and operational needs.
