UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in its Charter)
(State or other jurisdiction of incorporation) |
(Commission File Number)
|
(I.R.S. Employer Identification No.) |
|
||
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including
area code: +
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Capital Market | ||||
Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On October 4, 2023, AGBA Group Holding Limited (“AGBA” or the “Company”) issued press release attached hereto as Exhibit 99.1 and 99.2.
Item - 9.01 Financial Statements and Exhibits.
(d) Exhibits
Number | Exhibit | |
99.1 | Press Release titled “AGBA Confirms Self-Imposed Lockup of Two Significant Shareholders” dated October 4, 2023 | |
99.2 | Press Release titled “AGBA Address Shareholder Inquiries Every Wednesday in its Q&A Session” dated October 4, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AGBA GROUP HOLDING LIMITED | |||
By: | /s/ Shu Pei Huang, Desmond | ||
Name: | Shu Pei Huang, Desmond | ||
Title: | Acting Group Chief Financial Officer |
Dated: October 4, 2023
2
Exhibit 99.1
AGBA Confirms Self-Imposed Lockup Of Two Significant Shareholders
HONG KONG (4 October 2023) - NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company”), the leading one-stop financial supermarket in Hong Kong, confirms self-imposed lockup of all shares in AGBA held by two significant shareholders.
Two significant stakeholders of AGBA, namely AGBA Holdings Limited and Apex Twinkle Limited, whose shares were registered on the Form S-1 effective as of August 28, 2023, have represented that they will not sell their AGBA shares for the next three months. These two shareholders collectively hold approximately 7.11% of AGBA’s share capital. AGBA expresses its appreciation for the ongoing support and commitment from these two shareholders.
Please note that AGBA’s majority shareholder, TAG Holdings Limited (“TAG”), currently holds 55.5 million ordinary shares of AGBA, representing an 82.3% stake in the Company. Since the listing of AGBA in November 2022, TAG has not sold any of its AGBA shares. TAG remains dedicated to supporting AGBA in delivering long-term value to all of its shareholders.
Mr. Wing-Fai Ng, Group President of AGBA stated, “We appreciate the continued belief of our largest shareholders in AGBA’s ability to grow our revenues. We will continue to implement our business plan accordingly, while making changes as needed, such as recent aggressive cost cuts, to help us move forward. We will also continue to try and build investor trust through our commitment to the most stringent compliance processes and ensuring that existing and potential future shareholders are kept up to date on all our corporate developments.”
AGBA’s vision extends beyond being a Hong Kong-based Company as we strive to establish ourselves as a global player in the financial services industry. The insider ownership, combined with the recent appointment of industry veteran Bob Diamond and our strategic partnership with Atlas Merchant Capital LLC, position AGBA for long-term success and growth.
For more information on all recent corporate structural updates on AGBA, please visit the official links below: www.agba.com/ir.
# # #
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
2
About AGBA Group:
Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please visit www.agba.com
Media and Investor Relations Contact:
Ms. Bethany Lai
media@agba.com/ ir@agba.com
+852 5529 4500
Social Media Channels:
agbagroup
LinkedIn | Twitter | Instagram | Facebook | YouTube
3
Exhibit 99.2
AGBA Address Shareholder Inquiries Every Wednesday in its Q&A Session
HONG KONG, Oct. 03, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “company”), the leading one-stop financial supermarket in Hong Kong, announces weekly Q&A sessions on its social media platform, X (formerly twitter). To maintain a culture of transparency, the company is pleased to announce that the first topic of exploration this month will focus on Finance, sharing insights on stock price, company updates and related financial matters.
The Investor Relations Team at AGBA has been diligently collecting questions during our AGBA Journey since our listing in November 2022. It has come to our attention that the investor community has expressed keen interest in our stock price, company-related matters, and financial issues.
To address these inquiries and foster an open dialogue, we are thrilled to introduce “Q&A Wednesday.” Starting from October 4, 2023, every Wednesday of the week will be dedicated to answering your long-awaited questions.
At AGBA, while driving growth remains our top priority, we are dedicated to fostering open and transparent communication with our valued community. We are genuinely excited to hear from you and eagerly look forward to providing insightful responses.
You can actively participate in this Q&A session by visiting our social media channel: X (Formerly twitter) www.twitter.com/agbagroup or by sending us an email at ir@agba.com. We encourage you to reach out if you have any questions about our company.
# # #
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
2
About AGBA Group:
Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please visit www.agba.com
Media and Investor Relations Contact:
Ms. Bethany Lai
media@agba.com/ ir@agba.com
+852 5529 4500
Social Media Channels:
agbagroup
LinkedIn | Twitter | Instagram | Facebook | YouTube
3
JQ"(6,P$ "(" / " >T0 !X;"]W M;W)K8F]O:RYX;6Q02P$"% ,4 " !$2$17)!Z;HJT #X 0 &@ M @ %-$@ >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4 M " !$2$1799!YDAD! #/ P $P @ $R$P 6T-O;G1E C;G1?5'EP97-=+GAM;%!+!08 "0 ) #X" !\% ! end
FNTF?@JQMPCI#CM2I,*0C'-$4NFIEQ:&:DK;] !6=6XT
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MFL@C*LS. "PR,5)J).1.P+CEX5H^,AD&+4-%76@7# ;,??>+I=/SXX?O?JD[@')U]G.M%![.T-=@ZVCR'V^_O8\'/E@YXLMPZ?F,27H_O>
MY>#L[1MQ^>'E3UOJZ]Y>?^=RNB6.SL<_;6U];VK&GX.=76TV-TR5
M"'56CE/-LGS=F7Z8J8)@O<\)3'_VY9QX@"R&+0^
MF#-6CQ\/+8 !^E+Q<8]KBOB4/$;!.C#U1]:'$2>+:JY')D"P?52RE;*PT+ZF
M.E1L90'5$#ZPQ+Z3G :Z0B12#W%/%\QF0=:5G09_E^$H@MW)G]2)>&4CA6(@
M1$KX/5U)51.!0TL@^.\: ;Y*)!+OWU*B$JKX!H*\9 RD_J(1U!U2L48E9FBE
MF04%(5^V!J+_OA'H76*1V$^7E'/[D)X(4+NOL@?R_Z$1_-V"&Q"!VR<[!J
MX$'8*P*,PX^-BT-)-E(H3+[&9&1D*$ 02L9 _"\;@=\A%17\K8B@V'>FX(2J
M0=2/="(Q'S$=$IY[-#+[JIY9[[E>80YECYO-UNI%Y?\G)0I,?\\8RAXWP:W1
M>F;RPU2I V>\'8[;&LH>-[6M4WMF^+
Y;,G%UQT
M3AFG#S:7!V
+')R%TK!'?;J$J,C54U2V7%JUCR@IFF%AHJW C+9(4#
M<=N/^&?$XN#GX<"0HV5P=.$=K5+&"SQ.OC7TI,-&+HJ$10MFYXJ9'@1,#P*3
M+SH@NE.N[ZIH^4VK(EF'[#%B%2]%L0@^#=XTG3MYE;!I+6X1,[*Z*41[8<3F
M.8S=6G