Oriental Culture Divests Subsidiary for HK$1M, Shifts Strategy

Oriental Culture Holding LTD. has entered into a Share Transfer Agreement to sell 100% equity interest of its wholly-owned subsidiary, China International Assets Equity of Artworks Exchange Limited, to Spring Harvest Holdings Ltd. for a cash consideration of HK$1,000,000. This divestment is a key step in the Company's new development strategy, which involves transitioning its principal business from an online provider of collectibles and artwork e-commerce services to a service-oriented business supporting third-party trading platforms.