Summary by Moomoo AI
Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") announced on June 21, 2024 that its continuous related transaction counterparty Energetic Force has notified the company that it will terminate the transfer and license agreement with Forbes Global Alliance (Hong Kong) on June 30, 2024. The agreement, signed on June 6, 2022, allowed Energetic Force to use the "Forbes Global Alliance" and "Forbes Global Alliance" trademarks in specific areas. Kingkey Fin Int stated that, according to preliminary legal advice from its counsel, the termination notice is effective. The transfer and license agreement accounts for about 6.3% of Kingkey Fin Int's total revenue in the first half of 2023. The board of directors is seeking business partners to achieve business diversification and plans to expand into the fields of environment, social and governance, and artificial intelligence. Kingkey Fin Int will update shareholders and potential investors on business operations at the appropriate time.