#Hong Kong #TROOPS #Bestfaith

TROOPS, Inc. Aims for Expansion with Key Acquisitions

TROOPS, Inc. (Nasdaq: TROO), a diverse conglomerate based in Hong Kong, is taking significant steps to strengthen its influence in Asia with potential acquisitions that include a prominent insurance brokerage and Bestfaith International Technology Limited. This move aims to leverage the growing sectors of insurance and property management in the rapidly evolving Hong Kong market.

Strategic Initiatives for Growth

On March 24, 2025, the company announced that it has embarked on preliminary due diligence for a well-established insurance brokerage located in Hong Kong. Although talks are still in the initial stages, this potential acquisition aims to complement TROOPS' existing financial services and bolster its standing within Asia’s insurance market. Notably, the firm has emphasized that any agreements remain contingent upon thorough due diligence, necessary regulatory approvals, and final negotiations.

Concurrently, TROOPS is making advancements towards acquiring 100% of Bestfaith International Technology Limited, which specializes in building management. Currently servicing more than 200 properties, Bestfaith's expertise in telecommunication management and optical fiber services makes it a suitable addition to TROOPS’ portfolio. This acquisition underscores the company’s ambition to offer comprehensive property management solutions that integrate various services, thereby enhancing operational efficiency and tenant satisfaction.

Understanding the Rationale

The rationale behind these endeavors is deeply rooted in TROOPS' commitment to expand its footprint in key Asian markets. The acquisition of Bestfaith is expected to position TROOPS as a major player in the region's property management landscape. Additionally, by enhancing its portfolio with a financial services component through the potential insurance brokerage acquisition, TROOPS aims not just to diversify its revenue streams but also to create synergies between its property management and insurance divisions.

By bridging these sectors, the company expects to create new revenue opportunities while delivering more robust service offerings to its clientele. This strategic alignment hints at a future where TROOPS consolidates its brand into a powerhouse capable of meeting diverse consumer needs across multiple channels.

Safe Harbor Statements

It is essential to note that this announcement includes forward-looking statements about the company's objectives and projections, which are made under the protection of the U.S. Private Securities Litigation Reform Act of 1995. While the management of TROOPS is optimistic about the expected outcomes, various risks and uncertainties could influence actual results, leading to differences from those anticipated.

About TROOPS, Inc.

TROOPS, Inc. operates multiple business segments and prides itself on being a conglomerate that focuses on sustainability. Established in Hong Kong, the firm deals primarily in the following areas:

• - Money lending business, providing mortgage loans to quality borrowers.
• - Property investments aimed at generating rental income.
• - Development and management of an online financial marketplace offering comprehensive financial technology solutions that leverage the latest innovations in artificial intelligence, big data, and blockchain technology.

The overarching goal of TROOPS is to create a synergistic ecosystem that enhances shareholder value while continually expanding its market reach.

For additional updates and insights about TROOPS, Inc., interested parties can visit their investor relations website at www.troops.co.