HK.AI CAPITAL (01140.HK): sets two-year plan to divest HK$ 900m artwork

NewTimeSpace News: On 9 October 2026, HK.AI Capital Limited (stock code: 01140) made a voluntary announcement on its business update. The Company is an investment company under Chapter 21 of the Listing Rules, with the primary objective of achieving earnings in the form of medium to long-term capital appreciation by investing in a diversified portfolio of global listed and unlisted enterprises. As disclosed in its annual report for the year ended 31 March 2026, the Group has established a diversified investment system with five pillars, namely unlisted equity investments, debt investments, fund investments, listed equity investments and artwork investments.

The announcement stated that, after due consideration of recent market conditions, the Board has resolved not to pursue further acquisitions of artwork and has structured a two-year divestment schedule for the Group's artwork portfolio commencing from 1 September 2026, with an aim to optimise the Company's financial returns. The Company intends to divest around HK$ 500 million of the artwork portfolio by 31 August 2027 and around HK$ 900 million by 31 August 2028, though actual transaction volumes and timing may vary with the art market conditions and liquidity.

To implement the two-year phased divestment plan, the Company has set execution mechanisms for three dedicated sales channels, namely auction houses, modern online and digital art platforms, and a private referral network channel. A transactional compliance team of the Group will oversee the entire approval, sale and execution process, with pricing primarily benchmarked against the latest valuation report issued by an independent certified external valuer, and an external artwork consultant is to be appointed to provide recommendations; each sale transaction requires approval by the chairman of the Investment Committee and, where applicable, the Board. The Company reminded shareholders and potential investors to exercise caution when dealing in its shares.

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