EDICO HOLDINGS (08450.HK): Updates on Financial Printing and Trading Card Businesses, Clarifies Press Reports on Displayed Cards and Investment Amount
NewTimeSpace News: On September 3, 2026, EDICO Holdings Limited (stock code: 08450) issued a supplementary announcement disclosing the business plan and development strategy of its core financial printing and related services business, the board's oversight and internal control measures over its trading card business, and clarifications of two statements contained in an article published by Sing Tao News Corporation Limited on July 4, 2026. The company announced on July 3, 2026, through a voluntary announcement, the establishment of a new business segment through Hong Kong Trading Card Game Limited (HKTCG) engaging in trading card games and sports cards (the card business).
The provision of financial printing and related services remains the principal business of the group. For the six months ended March 31, 2026, revenue from the financial printing business increased by approximately 47.1% to approximately HKD 12.6 million, compared with approximately HKD 8.6 million for the corresponding period last year. The board confirmed that the company has no intention, plan or arrangement to terminate, dispose of or substantially downscale the financial printing business within the next twelve months, and that new business initiatives such as the card business are intended to complement and diversify the group's scope of business rather than replace or supersede financial printing.
The company holds a 51% controlling interest in HKTCG and is entitled to nominate a majority of its directors, maintaining majority control over HKTCG at both shareholder and board levels, and all material operating expenses, investments and significant commercial decisions of HKTCG are subject to the company's review and approval. The group has set caps on the total financial allocation for the card business in each financial year, which must not exceed 20% of the group's total assets or 40% of its cash balances as stated in the most recently published financial report, while the annual budget for acquiring cards for resale and other recurring expenses must not exceed 15% of total assets or 30% of cash balances, with the relevant internal control policies reviewed at least annually.
With respect to the statements in the Sing Tao article, the company clarified that: first, the cards displayed in a total of 26 display cabinets at HKTCG's retail stores with an estimated aggregate value of approximately HKD 80 million include cards from the personal collection of Mr. Chung and other individual collectors, and all such cards remain the property of their respective owners and are placed at HKTCG's retail stores solely for exhibition and marketing purposes, with the estimated fair value determined by the market comparison approach with reference to independently verifiable market data and recent transactions in the secondary card market; and second, the statement regarding an outlay of approximately HKD 60 million should be understood as Mr. Chung's estimate of the potential resources that may be required for HKTCG's continued development over the next three to five years, rather than an investment already made or an irrevocable commitment of HKD 60 million to HKTCG.
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