Summary by Futu AI
Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") announced on June 21, 2024 that its continuous connected person, Energetic Force, has notified the company that it will terminate the sub-licensing agreement with Forbes Global Alliance (Hong Kong) on June 30, 2024. The agreement was signed on June 6, 2022, allowing Energetic Force to use the trademarks of "Forbes Global Alliance" and "Forbes Alliance" in certain areas. Kingkey Fin Int stated that, according to preliminary legal advice, the termination notice is effective. The sub-licensing agreement brought in revenue for Kingkey Fin Int, accounting for approximately 6.3% of total revenue in the first half of 2023. The company's board of directors is seeking business partners to achieve business diversification and plans to expand into the areas of environment, social and governance, and artificial intelligence. Kingkey Fin Int will update shareholders and potential investors on business developments at an appropriate time.