Core Viewpoint - The announcement of a strategic partnership and intellectual property licensing agreement by Shangshan Gold (01939) is expected to enhance its market presence and drive international growth, particularly in Kazakhstan's smart recycling terminal market [1] Group 1: Company Developments - Shangshan Gold's stock has seen a nearly 6% increase, currently trading at 8.86 HKD with a transaction volume of 12.91 million HKD [1] - The company’s wholly-owned subsidiary, Shangshan Technology, has acquired intellectual property rights from Shangshan Intelligent for a nominal fee of 1 HKD, covering all regions outside mainland China, including Hong Kong, Macau, Taiwan, and other overseas areas [1] - Following the licensing agreement, Shangshan Technology has entered into a sales contract with Smart Gold to sell gold recycling smart terminals, leveraging both companies' strengths to facilitate market entry in Kazakhstan [1] Group 2: Strategic Implications - The strategic cooperation marks a significant step for the group in expanding its overseas market presence [1] - The licensing agreement is expected to accelerate the international application of related technologies and products, providing new growth opportunities for the group [1]

Group 1 - The core point of the article is the signing of a knowledge property licensing agreement between the subsidiary of Shangshan Gold and Shangshan Intelligent, allowing Shangshan Technology to utilize intellectual property rights for smart terminal devices outside mainland China [1] - Shangshan Technology will pay a nominal fee of 1 HKD for the licensing rights, which include patents, trademarks, copyrights, trade secrets, certification qualifications, and proprietary technologies [1] - The licensing agreement is non-exclusive, non-transferable, and limited to specific regions, with a validity period of six years starting from August 29, 2025 [1] Group 2 - Following the licensing agreement, Shangshan Technology will enter into a sales contract with Smart Gold Management Limited to sell gold recycling smart terminals, aiming to leverage both parties' strengths for market expansion in Kazakhstan [2] - The signing of the sales contract and the strategic cooperation between Shangshan Technology and Smart Gold marks a significant step for the group in expanding its overseas market presence [2] - The company plans to accelerate the international application of related technologies and products, which is expected to create new growth opportunities for the group [2]

Group 1 - The core point of the announcement is that Shangshan Gold has entered into a licensing agreement with its wholly-owned subsidiary, Hong Kong Shangshan Technology Development Co., Ltd., to utilize intellectual property rights outside of mainland China, including Hong Kong, Macau, Taiwan, and other overseas regions [1] - The intellectual property rights granted include patents, trademarks, copyrights, trade secrets, certification qualifications, and proprietary technologies owned or licensed by Shangshan Intelligent [1] - The agreement allows Shangshan Technology to produce, sell, and operate licensed products, including smart terminal devices developed by Shangshan Intelligent, with a non-exclusive, non-transferable, and regionally limited nature [1] Group 2 - Following the licensing agreement, Shangshan Technology will enter into a sales contract with Smart Gold Management Limited to sell gold recycling smart terminals, aiming to leverage both parties' strengths for market expansion in Kazakhstan [2] - The signing of the sales contract and the strategic cooperation between Shangshan Technology and Smart Gold marks a significant step for the group in expanding its overseas market presence [2] - The agreement is expected to accelerate the international application of related technologies and products, providing new growth opportunities for the group [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 （前稱 東京中央拍賣控股有限公司） （於香港註冊成立的有限公司） Tokyo Chuo Auction Holdings Limited （股份代號：1939） 自願性公告 (1)知識產權許可協議； 及 (2)香港上善科技發展有限公司與 SMART GOLD MANAGEMENT LIMITED 的銷售合同及戰略合作 根據本協議約定，上善科技有權使用知識產權生產、銷售及運營許可產品，或者指 定第三方生產，而許可產品包括上善智能開發並含上善智能專利權的智能終端設備 及其衍生產品。上善智能授出的知識產權據本協議所規定的性質為非排他性、不可 轉讓及許可地區限定。上善科技有權將本協議所授予上善科技的權利再授予第三 方。本協議有效期為6年，自2025年8月29日起生效。 上善科技是本公司全資附屬公司，致力於黃金智能終端的全球化布局，拓展黃金相 關業務。 上善智能為中國企業500強金雅福集團旗下子公司，是由本公司執行 ...

Core Viewpoint - Tokyo Central Auction (01939) has seen a significant increase in stock price, rising nearly 9% and currently trading at 9.23 HKD with a transaction volume of 22.9962 million HKD, following the announcement of a name change and the establishment of a new subsidiary focused on gold-related business [1] Group 1: Company Developments - The company announced that its Chinese stock name will change from "Tokyo Central Auction" to "Shangshan Gold" effective from 9 AM on August 26 [1] - Tokyo Central Auction has established a wholly-owned subsidiary, Shangshan Technology, which aims to globalize its gold smart terminal business and expand its gold-related operations [1] Group 2: Ownership and Control - In May, ESSA FINANCIAL, controlled by Jin Yafu's chairman Huang Shikun, acquired Tokyo Central Auction, completing the takeover on June 20, resulting in ESSA holding a 66.83% stake and Huang Shikun becoming the actual controller of the company [1] Group 3: Business Strategy - Jin Yafu announced a new smart gold store cooperation model in April, introducing single-store cooperation and city partner plans, along with a series of cooperation policies [1] - The company is leveraging technologies such as artificial intelligence, IoT, and big data to create a new gold recycling model that features self-ordering, automatic detection, and rapid payment [1]

Group 1 - Tokyo Central Auction (01939) shares increased nearly 9%, currently up 6.09% at HKD 9.23, with a trading volume of HKD 22.9962 million [1] - The company announced a change in its Chinese stock name from "Tokyo Central Auction" to "Shangshan Gold," effective from 9 AM on August 26 [1] - Tokyo Central Auction has established a wholly-owned subsidiary, Shangshan Technology, focused on the global expansion of gold smart terminals and related businesses [1] Group 2 - In May, ESSA FINANCIAL, controlled by Jin Yafu's chairman Huang Shikun, acquired a controlling stake in Tokyo Central Auction, reaching 66.83% after the completion of the offer on June 20 [1] - Jin Yafu announced a new smart gold store cooperation model in April, introducing single-store cooperation and city partner plans, along with a series of cooperation policies [1] - Jin Yafu leverages technologies such as artificial intelligence, IoT, and big data to create a new gold recycling model featuring self-ordering, automatic detection, and quick payment [1]

SHANGSHAN GOLD INTERNATIONAL HOLDINGS LIMITED （上善黃金國際控股有限公司） 之 組織章程細則 （經2025年8月13日通過之特別決議案採納及 於2025年8月19日生效） 於2013年7月11日註冊成立 於2025年8月19日更改名稱 – 1 – 公司條例 （第622章） 公眾股份有限公司 SHANGSHAN GOLD INTERNATIONAL HOLDINGS LIMITED 上善黃金國際控股有限公司 之 組織章程大綱 （經2025年8月13日通過之特別決議案採納及 於2025年8月19日生效） 公司名稱 (A) 本公司名稱為「Shangshan Gold International Holdings Limited（上善黃金國際 控股有限公司）」。 公司名稱 註冊辦事處 序言 1. 在本文件內，除非主題或文義有所抵觸，否則下列詞語具有以下涵義： 「細則」或「本文件」或「本細則」指本公司目前有效之組織章程細則； 「聯繫人」具有上市規則第1.01條所載之涵義（經不時修改）； 「黑色暴雨警告」具有釋義及通則條例（香港法例第1章）所載之相同涵義（經不時 修改）； 「 ...

Group 1 - Tokyo Central Auction (01939) saw a nearly 6% increase in stock price towards the end of trading, closing at 8.62 HKD with a trading volume of 15.49 million HKD [1] - The company announced a change in its Chinese stock name from "Tokyo Central Auction" to "Shangshan Gold," effective from 9 AM on August 26 [1] - Tokyo Central Auction has established a wholly-owned subsidiary, Shangshan Technology, which aims to globalize its gold smart terminal business and expand its gold-related operations [1] Group 2 - In May, ESSA FINANCIAL, controlled by Huang Shikun, acquired Tokyo Central Auction, completing the takeover on June 20, resulting in ESSA holding a 66.83% stake and Huang becoming the actual controller [1] - In 2024, based on the mature smart recycling and purchasing terminals, Jin Yafu plans to launch an innovative "Smart Gold Store" business model, which will cover nearly 100 core cities in China by June 2025 [1] - The "Smart Gold Store" will be present in over 30 high-end commercial systems across major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Xi'an, and Changchun [1]

Core Viewpoint - Tokyo Central Auction (01939) has seen a significant increase in stock price, rising nearly 6% towards the end of trading, with a current price of 8.62 HKD and a trading volume of 15.49 million HKD [1] Company Developments - The company announced a change in its Chinese stock name from "Tokyo Central Auction" to "Shangshan Gold," effective from 9 AM on August 26 [1] - Tokyo Central Auction has established a wholly-owned subsidiary, Shangshan Technology, which aims to globalize its gold smart terminal business and expand its gold-related operations [1] Ownership Changes - In May, ESSA FINANCIAL, controlled by Huang Shikun, acquired Tokyo Central Auction, completing the takeover on June 20, resulting in ESSA holding a 66.83% stake and Huang Shikun becoming the actual controller of the company [1] Business Model Innovation - In 2024, based on the mature smart recycling and purchasing terminals, the company plans to launch an innovative "Smart Gold Store" business model [1] - By June 2025, the "Smart Gold Store" is expected to cover nearly 100 core cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Xi'an, and Changchun, with over 30 high-end commercial systems [1]

Group 1 - Tokyo Central Auction (01939) saw a nearly 6% increase in stock price, currently up 4.36% at HKD 8.62, with a trading volume of HKD 15.4988 million [1] - The company announced a change in its Chinese stock abbreviation from "Tokyo Central Auction" to "Shangshan Gold," effective from 9 AM on August 26 [1] - Tokyo Central Auction has established a wholly-owned subsidiary, Shangshan Technology, which aims to globalize its gold smart terminal business and expand its gold-related operations [1] Group 2 - In May, ESSA Financial, controlled by Huang Shikun, acquired Tokyo Central Auction, completing the takeover on June 20, resulting in ESSA holding a 66.83% stake and Huang becoming the actual controller [1] - In 2024, based on the mature smart recycling and purchasing terminals, Jin Yafu plans to launch an innovative "Smart Gold Store" business model [1] - By June 2025, the "Smart Gold Store" is expected to cover nearly 100 core cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Xi'an, and Changchun, with over 30 high-end commercial systems [1]