HK.AI CAPITAL (01140.HK): Terminates Investment Management Agreement
- The agreement was signed on 7 May 2026 and notice of termination was served on 14 October 2026.
- After termination, no new investment manager will be appointed and all investment decisions will be made by the investment committee and the board.
NewTimeSpace News: On 14 October 2026, HK.AI Capital Limited (01140.HK) announced that, under the investment management agreement dated 7 May 2026 with its investment manager Glory Capital (Hong Kong) Limited, it issued a termination notice to the investment manager on 14 October 2026. The agreement will terminate and cease to be effective upon the expiry of the 30-day notice period, i.e. on 14 November 2026.
The termination is part of the Company's optimisation of its investment management structure, aimed at streamlining investment decisions and strengthening internal governance. Following the termination, the board will not appoint a new investment manager and all investment decisions will be made by the investment committee and the board. The board does not expect the termination to have any material adverse impact on the Company's business operations.
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