- Hang Feng Technology Innovation Co., Ltd. reported a **net income of $363,524** for the six months ended June 30, 2025, a significant improvement from a net loss of $(462,654) in the prior year period.  **[2060083_0001213900-25-102203_ea026152101ex99-1_hangfeng.htm:1]** 
- **Total revenues** for the six months ended June 30, 2025, increased to **$1,327,707** from $239,368 for the same period in 2024.  **[2060083_0001213900-25-102203_ea026152101ex99-1_hangfeng.htm:1]** 
- The company's **total current liabilities** decreased substantially to **$235,504** as of June 30, 2025, from $2,119,637 as of December 31, 2024.  **[2060083_0001213900-25-102203_ea026152101ex99-1_hangfeng.htm:0]** 
- The company completed its initial public offering (IPO) on **September 15, 2025**, raising **$5,500,000** in gross proceeds, with its shares commencing trading on NASDAQ under the ticker "FOFO" on September 12, 2025.  **[2060083_0001213900-25-102203_ea026152101ex99-1_hangfeng.htm:22]**

Hang Feng Technology Innovation Co., Ltd. Reports Improved Financial Performance and Completes IPO

- Hang Feng Technology Innovation Co., Ltd. priced its initial public offering (IPO) of **1,375,000 ordinary shares** at **$4.00 per share** on September 12, 2025.  **[2060083_0001213900-25-088252_ea025750501ex99-1_hangfeng.htm:0]** 
- The IPO closed on September 15, 2025, generating **US$5.5 million** in gross proceeds before deducting underwriting discounts and other related expenses.  **[2060083_0001213900-25-088252_ea0257505-6k_hangfeng.htm:0]** **[2060083_0001213900-25-088252_ea025750501ex99-2_hangfeng.htm:0]** 
- The company's ordinary shares commenced trading on the Nasdaq Capital Market under the ticker symbol **"FOFO"** on September 12, 2025.  **[2060083_0001213900-25-088252_ea0257505-6k_hangfeng.htm:0]** **[2060083_0001213900-25-088252_ea025750501ex99-1_hangfeng.htm:0]** **[2060083_0001213900-25-088252_ea025750501ex99-2_hangfeng.htm:0]** 
- The underwriters fully exercised their over-allotment option for an additional **206,250 ordinary shares**, bringing the total gross proceeds from the IPO to **$6,325,000** before deductions, with the closing of this option on September 16, 2025.  **[2060083_0001213900-25-088252_ea0257505-6k_hangfeng.htm:0]** **[2060083_0001213900-25-088252_ea025750501ex99-3_hangfeng.htm:0]** 
- Proceeds from the offering will be used for strengthening corporate management consulting, developing asset management, driving business expansion and strategic partnerships, and supporting general working capital and operations.  **[2060083_0001213900-25-088252_ea025750501ex99-1_hangfeng.htm:0]** **[2060083_0001213900-25-088252_ea025750501ex99-2_hangfeng.htm:0]** **[2060083_0001213900-25-088252_ea025750501ex99-3_hangfeng.htm:0]**

Hang Feng Technology Innovation (FOFO)