OFA Group 8K

The company entered into an agreement to acquire a 50% co-ownership interest and sole operational control over the QIKBIM intellectual property from a development partner for US$17.5 million, with shared future economics and extensive governance and support terms.

On March 31, 2026, Office for Fine Architecture Limited and Alan To AI Consultancy Co. Limited entered into an Intellectual Property Assignment and Co-Ownership Agreement under which the Seller irrevocably assigns to the Buyer a 50% undivided co-ownership interest in the QIKBIM intellectual property relating to U.S. and Hong Kong standards adaptations for a negotiated purchase price of US$17.5 million, satisfied by US$11,994,800 of historical development payments, a remaining US$2,998,700 installment under a prior Co-Development Agreement, and US$2,506,500 of supplemental consideration (with US$880,000 placed in escrow), while the Buyer obtains sole governance and commercialization control over the QIKBIM business, the parties agree to share net monetization proceeds 50/50 subject to Buyer’s preferred recovery of post‑closing development spend, and the Seller undertakes extensive transition support, IP title, and indemnification obligations, including for underlying rights and third‑party infringement issues.

Filing Facts

CIK

2036307

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-015235

Alert Tier

7