Rich Sparkle Holdings Ltd (NASDAQ: ANPA)

Rich Sparkle Holdings Limited is a holding company incorporated under the laws of the British Virgin Islands with limited liability. The company conducts its operations through its sole operating subsidiary ANPA Financial Services Group Limited (ANPA (HK)), which is a professional specialist in the provision of financial printing services such as printing, typesetting and translation, advisory services including Environmental, Social and Governance (ESG) and internal control reporting services, and other services including standalone annual general meeting and extraordinary general meeting supporting services. ANPA (HK) was founded in 2016 and specializes in designing and printing high quality financial print materials in Hong Kong, offering a comprehensive solution in typesetting, proofreading, translation, design, and printing for Hong Kong listed companies and companies preparing for their initial listing on the HK Stock Exchange.

The company generates revenue through financial printing and corporate services provided by its subsidiary ANPA (HK). These services include typesetting, proofreading, translation, design, and printing of financial communication materials such as listing documents, financial reports, fund documents, circulars, and announcements. Additionally, the company offers advisory services such as internal control assessment and ESG performance evaluation, as well as provision of co-working space at its leased office in Hong Kong for customers to conduct meetings and conferences. Revenue is derived from individual project-based engagements with customers, primarily companies listed on the HK Stock Exchange and those preparing for their initial listing.

The company operates through the following segments: financial printing services, advisory services, and other services.

• The financial printing services segment encompasses typesetting, proofreading, translation, design, and printing of financial communication materials, including listing documents, financial reports, fund documents, circulars, and announcements, ensuring comprehensive support for all stages of document preparation.

• The advisory services segment includes conducting internal control assessment and environmental, social and governance (ESG) performance evaluation to cater to customers’ different requirements.

• The other services segment comprises the provision of co-working space at the company’s leased office located at Portion 2, 12th Floor, The Center, 99 Queen’s Road Central, Hong Kong, for customers mainly to conduct meetings and conferences.

Rich Sparkle Holdings Limited positions itself as a financial printing and corporate services provider with over eight years of experience in Hong Kong, leveraging an in-house creative and design team, rigorous quality control measures, and a broad customer base to maintain competitiveness. The company competes with other financial printing services providers in Hong Kong on efficiency, service quality, turnaround speed, design capability, and price, believing it maintains a competitive edge through its emphasis on customer service, ability to meet customer requirements in a timely manner, and consistent quality of deliverables.

The company’s customer base comprises a diverse range of domestic and international companies listed on the Stock Exchange of Hong Kong (HK Stock Exchange), which are required to comply with the stringent filing and reporting mandates under the HK Listing Rules and the Securities and Futures Ordinance of Hong Kong. Additionally, the company provides services to companies preparing for their initial listing on the HK Stock Exchange. For the years ended September 30, 2025, 2024, and 2023, the company provided services to over 208, 190, and 160 customers listed on the HK Stock Exchange, respectively, with no single customer accounting for over 10% of total revenue in any of those years.