Hang Feng Technology Innovation Co., Ltd. Announces Closing of Full Exercise of Underwriters’ Over-Allotment Option

Hong Kong, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Hang Feng Technology Innovation Co., Ltd. (Nasdaq: FOFO) (the “Company” or “Hang Feng”), a Hong Kong-based company providing comprehensive corporate management consulting and asset management services, today announced the underwriters of its initial public offering (the “Offering”) have exercised in full their option to purchase an additional 206,250 ordinary shares at a public offering price of $4.0 per ordinary share to cover overallotments. Gross proceeds of the Company’s initial public offering, including the exercise of the overallotment, totaled $6,325,000, before deducting underwriting discounts and other related expenses. The over-allotment option closing date was September 16, 2025. The ordinary shares began trading on the Nasdaq Capital Market on September 12, 2025, under the ticker symbol “FOFO.”