1957 & Co. settles Akanoshou asset disposal dispute for HK$350,000

• 1957 & Co. (Hospitality) reached a settlement on June 5, 2026 over a failed asset disposal tied to its Akanoshou restaurant.
• Dispute centered on the buyer’s non-completion; settlement requires renewal and transfer of the restaurant and liquor licences back to the vendor.
• Vendor to refund HK$ 350,000 from the HK$ 3 million already received; HK$ 2.65 million to be retained.
• Refund split into two HK$ 175,000 instalments tied to submission of licence documents, then completion of the licence transfer.
• Once licences transfer and refund completes, both sides release claims under the business transfer agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1957 & Co. (Hospitality) Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260605-12192968), on June 05, 2026, and is solely responsible for the information contained therein.