Foresight News , Hong Kong-listed company Tianji Holdings issued a supplementary announcement regarding share subscription and issuance of warrants. The company plans to upgrade its existing intellectual property (IP) business model through technological empowerment, including using Web3 blockchain technology to "put" IP products "on-chain" to create unique, tamper-proof, and traceable digital identities, and utilizing artificial intelligence and virtual reality technologies to achieve product digitization and real-time interaction. Furthermore, the company plans to utilize Web3 and artificial intelligence for on-chain membership management and data analysis.
The issuance of warrants is expected to raise up to approximately HK$60 million. Of this, approximately HK$10 million will be used to advance the application of Web3 and artificial intelligence technologies in existing IP projects such as La Liga clubs; approximately HK$25 million will be used to explore IP licensing opportunities in the fields of culture, sports, tourism, and wellness; and approximately HK$25 million will be used for general working capital.
