Alpha Technology Group Ltd.

General Information
Business:

Alpha Technology Group Ltd. is a holding company incorporated in the British Virgin Islands. We conduct our operations in Hong Kong through our wholly owned operating subsidiaries, Techlution Service Limited, and Neural Sense Limited. (Incorporated in the British Virgin Islands) 

Our operating subsidiaries are cloud-based IT solution service providers in Hong Kong. Our operating subsidiaries use analytic skills, programming skills, artificial intelligence (AI) technologies and technological know-how to provide comprehensive solutions designed to optimize business performance, meet various industry-specific operational challenges, and create new business opportunities.

Those IT solution services can be categorized as follows:

System development services: Our operating subsidiaries develop cloud-based and customized customer relationship management (“CRM”) systems and enterprise resource planning (“ERP”) systems to cater to the operational and business needs of our customers.

Web and mobile application development services: Techlution leverages its technological knowledge to develop applications that assist users in carrying specified tasks, such as drafting, storing information, transferring documents, communication, tracking geographic locations, productivity management, status reporting, etc.

Artificial intelligence powered optical character recognition (“AI-OCR”) services: NSL provides optical character recognition (“OCR”) services with self-developed artificial intelligence technology to extract printed texts and data from imported documents such as invoices, receipts, applications, forms and identification documents.

Technological support and maintenance service and other services: Our operating subsidiaries provide maintenance and enhancement services for systems we built. Techlution provides three types of NFT-related services — creating NFT artwork, NFT marketplace and developing NFT-related games for customers. As of the date of this prospectus, we have not provided any other NFT-related ancillary services beyond the three above-mentioned services. Additionally, we have not owned or traded any NFT deliverables of our projects, and we do not develop or own any blockchain technologies. We currently do not have any plan to provide other NFT-related ancillary services in the future.

Our operating subsidiaries have a diversified customer base and our customers come from a variety of industries with different scale of operations, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc.

*Note: Net loss and revenue figures are in U.S. dollars for the year that ended Sept. 30, 2022. (Figures are in U.S. dollars converted from Hong Kong dollars.)

(Alpha Technology Group Ltd. filed an F-1/A on Sept. 6, 2023. The BVI-incorporated holding company filed its F-1 on July 17, 2023, and disclosed terms for its IPO: 1.75 million shares at $4.00 to $5.00 to raise $7.88 million.)

Industry: IT Solutions Provider - Cloud
Employees: 18
Founded: 2017
Contact Information
Address Unit B, 12F, 52 Hung To Road, Kwun Tong, Howloon, Hong Kong
Phone Number +852-6542-8077
Web Address https://techlution.io/
View Prospectus: Alpha Technology Group Ltd.
Financial Information
Market Cap $67.5mil
Revenues $0.56 mil (last 12 months)
Net Income $-0.34 mil (last 12 months)
IPO Profile
Symbol ATGL
Exchange NASDAQ
Shares (millions): 1.8
Price range $4.00 - $5.00
Est. $ Volume $7.9 mil
Manager / Joint Managers Prime Number Capital
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change