1957 & Co. completes settlement on Causeway Bay Akanoshou asset disposal, retains HK$2.65 million balance

• 1957 & Co. completed a settlement tied to its disposal of the Akanoshou restaurant business in Causeway Bay.
• A confirmation and discharge letter signed on Aug. 17, 2026 closed the settlement despite pending government licence processing.
• HKD 350,000 was paid as the final settlement amount, withheld from the remaining consideration under the business transfer arrangement.
• The remaining HKD 2.65 million balance under the business transfer agreement was fully released to the vendor with no further claims.
• Both parties agreed to a mutual, irrevocable release of liabilities, ending all disputes linked to the transaction.

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-20260817-12287259), on August 17, 2026, and is solely responsible for the information contained therein.