Recent Updates — TROO

The Board of Directors approved the resignation of Mr. LI, Wang Tai Dominic as an Independent Director for personal reasons, effective October 15, 2026. The company appointed Mr. Jacopo Visetti, co-founder of EFFORCE and AitherCO2 S.p.A., to fill the vacancy as an Independent Director. Additionally, the Board approved the appointment of Mr. Sergio Carloni, former CEO of EFFORCE, as Chief Operating Officer, effective October 15, 2026. These leadership changes support the company's strategic integration following a conditional sale and purchase agreement with EFFORCE Group. TROOPS, Inc. operates as a conglomerate engaged in money lending, property investment, financial technology solutions, and advisory services.

TROOPS, Inc. has entered into a conditional sales and purchase agreement with EFFORCE Group, a blockchain infrastructure company founded by Apple co-founder Steve Wozniak. The proposed merger aims to combine TROOPS' financial technology ecosystem with EFFORCE's regulatory credentials and digital asset capabilities. The transaction is expected to expand the combined entity's operational scope into multi-vertical areas such as carbon credit trading and sustainability-focused initiatives. Completion of the acquisition remains subject to customary closing conditions, regulatory approvals, and other conditions precedent outlined in the agreement. TROOPS, Inc. operates as a diversified conglomerate engaged in money lending, property investment, financial technology solutions, and insurance advisory services.