The board of directors of FEG Holdings Corporation Limited announced that the Company has established a wholly-owned subsidiary, namely, Jure Holdings Co., Limited in Hong Kong. It is intended that Jure Holdings will be principally engaged in the manufacturing and sales of jewelry and precious metals-related products trading as part of business diversification strategy of the Group, which the Directors believe will spread out risk, increase revenue streams, and provide stability for the Group, thereby increasing the Group's revenue. As at the date of this announcement, Jure Holdings had not yet begun any business operations and had not recorded any revenue.

The Directors expect that the provision of construction services in Hong Kong will continue to be the Group's principal business and generate majority of the Group's revenue for the financial year ending 31 March 2025. The establishment of Jure Holdings is not expected to have any material impact on the Group's operating results for the financial year ended 31 March 2025.