HiTek Global Inc. entered into a Share Purchase Agreement on August 3, 2026, to acquire all outstanding shares of Ju Fu Limited for an aggregate consideration of US$20 million. The deal comprises US$14 million in cash (US$11 million at closing and up to US$3 million deferred based on performance targets) plus 4,000,000 Class A ordinary shares valued at US$6 million. The acquisition is structured in two tranches, with the first closing expected by August 11, 2026. Ju Fu operates an advertising and digital marketing business under the 'Beijing Fourth Coco' brand through its subsidiaries. HiTek Global Inc. operates as an information technology consulting and solutions service provider in China.

Hitek Global Inc. held its 2026 Annual General Meeting on July 29, 2026, where shareholders approved several significant corporate actions. The company subdivided Class A ordinary shares at a ratio of 1:3,750, increasing the authorized count from 800,000 to 3 billion while reducing par value from $0.375 to $0.0001. Shareholders also authorized the Board to implement one or more consolidations of Class A shares at a cumulative ratio not exceeding 1-for-6,000 within two years. Additionally, shareholders approved changing the company's name to Biddance AI Systems, Inc., and transferring its incorporation from the Cayman Islands to the British Virgin Islands. The meeting also resulted in the re-election of five directors and ratification of the independent auditor. Hitek Global Inc. operates in the technology sector.

HiTek Global Inc. announced a 1-for-25 reverse stock split of its Class A Ordinary Shares, effective July 6, 2026. This action follows previous reverse splits of 1-for-50 in April 2026 and 1-for-3 in May 2026. Following the split, Class A Ordinary Shares will have a par value of $0.375 per share. HiTek Global Inc. is a technology company based in China that provides various technology solutions and services.