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TJGC unit to enter AI hardware, 49% stake deal

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

TJGC Group Limited (TJGC) is reshaping its business by appointing electronics manufacturing veteran Kalvin Kwok as executive director of its wholly owned Hong Kong subsidiary, Tongjiang Group Limited, to lead a transition into sourcing, trading and assembly of AI-related hardware components such as DRAM, SSDs, CPUs and integrated circuits. Under an Appointment, Business Transformation and Equity Incentive Agreement dated September 16, 2026, Mr. Kwok will provide customer resources, supplier relationships and assembly channels for this new business. As a performance-based equity incentive, TJGC agreed, for nil consideration, to transfer to him 49% of Tongjiang’s issued share capital as a separate non‑voting share class entitled only to dividends and other distributions, contingent on the subsidiary signing its first binding purchase order and satisfying agreement conditions, including board approval. The specific dividend and distribution rights, including any vesting or deferral, will be set in amended articles of association. TJGC states it will retain full control of Tongjiang, including financial management, banking mandates and reserved corporate matters, and may later consider providing investment or loans for machinery and equipment after three months of operation, at its discretion and subject to board approval.

Positive

  • None.

Negative

  • None.
Equity interest in subsidiary granted as incentive 49% of Tongjiang’s issued share capital To be transferred to Kalvin Kwok as a non‑voting, dividend‑only share class upon first binding purchase order and conditions being met
Executive experience of appointee Over 30 years Kalvin Kwok’s experience in electronics manufacturing and factory operations since 1996
Agreement date September 16, 2026 Date TJGC entered into the Appointment, Business Transformation and Equity Incentive Agreement and announced the appointment
Operating period before potential funding Three months Minimum operating period after which TJGC may consider investment or loans to Tongjiang for machinery and equipment
Appointment, Business Transformation and Equity Incentive Agreement regulatory
"entered into an Appointment, Business Transformation and Equity Incentive Agreement"
equity incentive financial
"as an equity incentive and for nil consideration, the Company agreed to transfer"
Equity incentive is a form of pay that gives employees or executives a stake in the company through stock or the right to buy stock, often granted with conditions that spread out over time. It matters to investors because it aligns workers’ interests with shareholders—encouraging growth and retention—but can also affect share count and profits when new shares are issued, similar to giving team members a slice of the company pie that can grow or dilute others’ slices.
binding purchase order financial
"upon the signing of the Subsidiary's first binding purchase order for the New Business"
non voting rights financial
"a class of shares carrying rights to dividends and other distributions only and no voting rights"
forward-looking statements regulatory
"may constitute “forward-looking statements” within the meaning of the Private Securities"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What strategic change did TJGC (TJGC) announce regarding its business focus?

TJGC Group Limited announced that its wholly owned subsidiary Tongjiang Group Limited will transition into the sourcing, trading and assembly of AI-focused hardware components, including DRAM, SSDs, CPUs and integrated circuits, marking a move beyond its existing marketing and advertising services business.

Who is Kalvin Kwok and what role will he play at TJGC (TJGC)?

Kalvin Kwok, an electronics manufacturing veteran with over 30 years of experience in factory setup and operations across Asia, has been appointed executive director of Tongjiang Group Limited effective September 16, 2026, to lead its new AI hardware components business.

What equity incentive is TJGC (TJGC) granting to Kalvin Kwok?

TJGC agreed to transfer to Kalvin Kwok 49% of the issued share capital of Tongjiang as a separate class of non‑voting shares entitled only to dividends and other distributions, for nil consideration, contingent on Tongjiang signing its first binding purchase order and meeting agreement conditions.

Will TJGC (TJGC) retain control of its Tongjiang subsidiary after the equity transfer?

Yes. TJGC states it will retain full control of Tongjiang, including all financial management, banking mandates and reserved corporate matters, even though 49% of the subsidiary’s share capital may be transferred as a non‑voting, dividend‑only class to Kalvin Kwok.

Under what conditions might TJGC (TJGC) fund Tongjiang’s AI hardware operations?

After Tongjiang has operated for three months, TJGC may, at its discretion and subject to board approval, provide investment or loans for machinery and equipment procurement, on terms to be set in a separate investment or loan agreement.

What triggers the 49% equity transfer in the TJGC (TJGC) agreement?

The transfer of 49% of Tongjiang’s issued share capital to Kalvin Kwok will occur only upon the signing of the subsidiary’s first binding purchase order for the new AI hardware business and satisfaction of conditions in the agreement, including approval by TJGC’s board.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number 001-42483

 

TJGC GROUP LIMITED

(Translation of registrant’s name into English)

 

Unit F, 12/F Kaiser Estate Phase 1

41 Man Yue Street Hunghom, Kowloon, Hong Kong

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Entry into a Material Definitive Agreement; Business Update

 

On September 16, 2026, TJGC Group Limited (the "Company") entered into an Appointment, Business Transformation and Equity Incentive Agreement (the "Agreement") with Mr. Kalvin Kwok, pursuant to which, among other things: (i) Mr. Kwok was appointed as an executive director of Tongjiang Group Limited, a wholly-owned subsidiary of the Company incorporated in Hong Kong (the "Subsidiary"), to lead the transition of the Subsidiary's business to the trading and assembly of artificial intelligence hardware components (the "New Business"); (ii) Mr. Kwok undertook to use his best efforts and to make available to the Subsidiary his existing customer resources, supplier relationships and assembly channels for the New Business; and (iii) the Company agreed, as an equity incentive and for nil consideration, to transfer to Mr. Kwok forty-nine percent (49%) of the issued share capital of the Subsidiary, to be constituted as a class of shares carrying rights to dividends and other distributions only and no voting rights, upon the signing of the Subsidiary's first binding purchase order for the New Business and subject to the conditions set out in the Agreement; and (iv) after the Subsidiary has been in operation for three months, the Company may, at its discretion and subject to the approval of its board of directors, provide investment or lend funds to the Subsidiary for the procurement of machinery and equipment for the New Business, on terms to be determined by the Company and documented in a separate investement or loan agreement. The rights attaching to such shares, including any vesting, accrual or deferral of dividend and distribution rights, will be determined by the Company and set out in the amended articles of association of the Subsidiary.

 

On September 16, 2026, the Company issued a press release announcing the transaction. A copy of the press release is furnished as Exhibit 99.1 to this report.

 

1

 

 

EXHIBIT INDEX

 

Exhibit Number  Description
99.1  Press Release of TJGC Group Limited dated September 16, 2026

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Date: September 16, 2026
   
  TJGC GROUP LIMITED
   
  By: /s/ Bin Guo
    Name:  Bin Guo
    Title: Chief Executive Officer

 

3

 

Exhibit 99.1

 

TJGC Group Limited Appoints Electronics Manufacturing Veteran Kalvin Kwok as Executive Director of Subsidiary to Lead Strategic Expansion into AI Hardware Components

 

Mr. Kwok’s Three Decades of Electronics Manufacturing and Factory Operations Experience Position Tongjiang Group to Capture Growing Global Demand for AI and Data-Center Hardware

 

HONG KONG, Sept. 16, 2026 (GLOBE NEWSWIRE) -- TJGC Group Limited (Nasdaq: TJGC) (the “Company”) today announced the appointment of Mr. Kalvin Kwok as an executive director of Tongjiang Group Limited, the Company’s wholly-owned Hong Kong subsidiary (“Tongjiang” or the “Subsidiary”), effective September 16, 2026. The appointment was made under an Appointment, Business Transformation and Equity Incentive Agreement and marks the formal launch of Tongjiang’s business in the sourcing, trading and assembly of high-performance PC and data-center components, including DRAM, SSDs, CPUs and integrated circuits.

 

As global demand for AI computing continues to accelerate, the buildout of data-center infrastructure is driving structural growth in demand for memory modules and related hardware components. The Company believes that Mr. Kwok’s appointment, together with the customer resources, supplier relationships and assembly channels that Mr. Kwok has committed to make available to Tongjiang, positions the Subsidiary to execute on this opportunity from day one.

 

Mr. Kwok brings over 30 years of hands-on experience in the electronics manufacturing and processing industry. Since beginning his career in 1996, he has played a pivotal role in establishing and optimizing multiple electronics factories across Asia, and serves as chief consultant to a leading Korean electronics manufacturer, advising on factory setup, operational systems implementation and process optimization.

 

Under the Agreement, and as an equity incentive and for nil consideration, the Company agreed to transfer to Mr. Kwok forty-nine percent (49%) of the issued share capital of the Subsidiary upon the signing of the Subsidiary’s first binding purchase order for the new business, subject to the conditions set out in the Agreement, including approval by the Company’s board of directors. Such shares will be constituted as a class carrying rights to dividends and other distributions only, with no voting rights, and the rights attaching to such shares (including any vesting or deferral of dividend rights) will be determined by the Company and set out in the Subsidiary’s amended articles of association. The Company retains full control of the Subsidiary, including all financial management, banking mandates and reserved corporate matters.

 

“We are thrilled to welcome Kalvin to the TJGC family at this pivotal moment in our transformation,” said Bin Guo, Chief Executive Officer of the Company. “His three decades of manufacturing leadership and his deep network across the electronics supply chain are exactly what Tongjiang needs to execute its AI hardware strategy. The performance-based structure of this partnership ensures that incentives are fully aligned with delivery, while the Company retains complete control over the operating subsidiary.”

 

 

 

 

“The AI infrastructure buildout is creating a once-in-a-generation opportunity in memory module manufacturing and assembly,” said Mr. Kalvin Kwok. “TJGC’s listed-company platform, combined with the customer pipeline and operational channels that I bring to Tongjiang, gives us a clear path to rapid, capital-efficient growth. My first priority is execution — securing the first orders, standing up production, and building Tongjiang into a trusted supplier in the AI hardware value chain, creating long-term sustainable value for the Company’s shareholders.”

 

About TJGC Group Limited

 

TJGC Group Limited, through its subsidiary, Ctrl Media Limited provides integrated marketing and advertising services in Hong Kong. The company offers services to mobile game developers, principally developers of mobile gaming applications that gamers download from the developers’ websites and applicable mobile operating systems, such as Apple Store or Android Google Play Store. It also uses digital media, such as online social media platforms, websites, and search engines over the Internet to broadcast advertising campaigns. In addition, the company undertakes contracts with YouTubers, KOLs and local celebrities to film introductory gaming videos for broadcast in their personal blogs and social media platforms; offers physical media, including podium platforms with transportation terminals and public venues to broadcast advertising campaigns; and assists clients in planning and preparing their exhibition booths in the animation-comic-game and other offline marketing events. The company was formerly known as Ctrl Group Limited and changed its name to TJGC Group Limited in November 2025. TJGC Group Limited was incorporated in 2022 and is based in Hung Hom, Hong Kong.

 

Forward-Looking Statements

 

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the anticipated benefits of the transaction, the business transition of the Subsidiary and the expected performance of the new business. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions, the completion of the conditions to the equity transfer described herein, and other factors discussed in the “Risk Factors” section of the Company’s most recent annual report on Form 20-F and other filings with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Email: project@ctrl-media.com

 

Phone: +852-3107-4887

 

Ctrl Media Limited

 

Contact: Investor Relations

 

 

 

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