SUGP News & Events

SU Group's Fortune Jet subsidiary has become the first company in Hong Kong approved by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications, or HKCAAVQ, to conduct Quality Assurance System for Recognition Scheme, or QASRS, courses in English, Cantonese and Mandarin. QASRS is a mandatory training and certification framework for security personnel in Hong Kong. The program is designed to ensure that recognized security training courses meet established standards across key areas, including the roles and responsibilities of security guards, professional ethics, legal liabilities and occupational safety. Completion of a recognized QASRS course enables an individual to apply for a Security Personnel Permit, or SPP, which is required for anyone performing paid security duties in Hong Kong.

SU Group Holdings announced the Company won a new government contract for the Hong Kong Civil Aviation Department, or CAD, as the government mandates market focus on using AI Internet of Things, or IoT, technologies to improve workplace safety and operational efficiency. The Hong Kong Government continues to accelerate the adoption of AI- and IoT-enabled Smart Site Safety Systems to strengthen safety management and improve performance across public works projects. SU Group's 4S system integrates AI and IoT to provide: Safety Monitoring System using AI to detect any non-compliance through sensors and AI-based cameras; Centralized Management using a real-time dashboard showing the safety related index and live videos; Digitized Tracking System tracking site plants, power tools and more on a real-time basis through a mobile network; Digitalized Permit-to-Work System for High Risk Activities combining security checks, site and weather condition display, labor records and more; Hazardous Areas Access Control by Electronic Lock and Key System alerting all customer parties whenever non-compliance detected; Tailored Real-Time Alerts for unsafe acts or dangerous situations for mobile plant operation danger zones, with vehicle anti-collision alerts using RFID; Non-Compliance Alerts when unsafe acts or dangerous situations are detected in specified zones; Smart Monitoring Devices for workers and frontline site personnel to provide real time monitoring; Confined Spaces Monitoring System providing real time monitoring of O2, CO, CO2, H2S, CH, temperature, PM2.5 levels and more; Enhanced Safety Training both onsite and remote using virtual reality headsets.

SU Group announced a significant expansion of its AI-powered security solutions portfolio. Under a newly formed partnership with Israel-based Seetrue Screening, SU Group will offer its customers a specialized AI-powered X-ray screening solution designed to enhance the detection of dangerous goods and prohibited items. The partnership initially covers the territory of Hong Kong and Macau. With many years in the X-ray screening business and a well-established customer network, SU Group believes the introduction of Seetrue's technology can unlock a new, value-added secondary market opportunity. By integrating Seetrue's AI engine with existing X-ray screening systems, security screeners can benefit from faster, more accurate threat detection, improving both operational efficiency and overall security outcomes.

SU Group announced that it has priced a public offering of securities as described below for aggregate gross proceeds to the company of $6M, before deducting agent fees and other estimated expenses payable by the company. The offering consists of 3M Units, each Unit consisting of (i) one pre-funded warrant to purchase one Class A ordinary share, and (ii) two warrants with a twenty-five-month term, each warrant to purchase one Class A ordinary share. The company is offering each Unit at an assumed public offering price of $2.00 per Unit. Each of the Warrants will be immediately exercisable for one Class A ordinary share at an exercise price of $5.50 per share. The closing of the offering is expected to occur on or about May 13, subject to the satisfaction of customary closing conditions. WallachBeth Capital, LLC is acting as sole placement agent for the offering. Nauth LPC is acting as US securities counsel to the Company and Hunter Taubman Fischer & Li LLC is acting as US securities counsel to Wallachbeth Capital, LLC.