8-K: TRSO Acquires 51% of E-Bike Charging Leader Goldfinch HK

Transuite.Org Inc. (TRSO) has completed the acquisition of a 51% equity interest in Goldfinch Group Co., Limited (Goldfinch HK), an intelligent E-Bike charging and management solutions provider.

Summary

• TRSO, through its wholly-owned subsidiary Crestar Holdings Limited, acquired a 51% equity interest in Goldfinch Group Co., Limited (Goldfinch HK) on December 31, 2025.
• Goldfinch HK, through its operating subsidiary Goldfinch-Chong (Fuzhou) Technology Co., Ltd., is an intelligent E-Bike charging and management solutions provider in China, serving over 1.6 million active loyal users with approximately 100,000 charging terminals.
• The consideration for the acquisition was the issuance of 5,000,000 shares of TRSO's restricted common stock.
• Of the consideration shares, 3,000,000 shares will be monetized to fund Goldfinch-Chong's business development and operations in installments during 2026, and 2,000,000 restricted shares will be granted to Goldfinch-Chong's founder, Xiaohuan Song, released in three tranches over 12 months.
• Goldfinch HK has committed to 2026 performance targets of not less than RMB 70,000,000 in platform transaction volume and RMB 4,900,000 in net profit.

Sentiment

Score: 8

Explanation: The acquisition represents a strategic expansion into a high-growth market with significant future potential, leveraging innovative Web3 technologies. The acquired company has a strong user base and intellectual property. While future targets and RWA initiatives carry inherent risks, the overall outlook presented is very positive for growth and diversification.

Positives

• Strategic expansion into the rapidly growing E-Bike charging market, aligning with TRSO's focus on AI and IoT technologies.
• Goldfinch HK has a significant market presence with over 1.6 million active users and approximately 100,000 E-Bike charging terminals.
• The E-Bike charging market in China is projected to grow from approximately RMB 22 billion in 2025 to RMB 46.064 billion by 2030, representing a compound annual growth rate of approximately 16.1%.
• Plans to launch an innovative E-Bike charging asset revenue rights on-chain (RWA) initiative leveraging Web3 technologies, which could enhance the financial value of charging infrastructure assets and attract broader investment.
• The acquisition diversifies TRSO's revenue streams and creates opportunities to explore new infrastructure-based digital asset models in international markets.
• Goldfinch-Chong possesses significant intellectual property, including 4 trademarks, 36 software copyrights, 1 invention patent, 1 utility model patent, and 3 artistic works.

Risks

• Forward-looking statements regarding business prospects, market opportunities, operating plans, and strategic initiatives are subject to risks and uncertainties, and actual results may differ materially.
• Achievement of Goldfinch HK's 2026 performance targets (RMB 70,000,000 platform transaction volume and RMB 4,900,000 net profit) is a commitment, and failure to meet these targets could impact financial performance.
• The success and market acceptance of the innovative E-Bike charging asset revenue rights on-chain (RWA) initiative, leveraging Web3 technologies, are subject to market dynamics and regulatory developments.
• The ambitious expansion plans to deploy or acquire over 10 million E-Bike charging units across China and 10 million units in 3-5 overseas markets over the next five years carry significant execution, market penetration, and capital deployment risks.

Future Outlook

TRSO and Goldfinch HK plan to jointly develop intelligent management and operational platforms for E-Bike charging infrastructure and launch an innovative E-Bike charging asset revenue rights on-chain (RWA) initiative leveraging Web3 technologies. Goldfinch HK aims to deploy or acquire over 10 million E-Bike charging units across China, covering most provincial capital cities, and 10 million units in 3-5 overseas markets over the next five years, targeting 60 million users and approximately 10% national market share in China. The company also intends to develop advanced zinc-ion battery washing technologies and ultra-fast charging technologies. Goldfinch-Chong will pursue High-Tech Enterprise certification by 2027 and Specialized, Refined, Special Enterprise certification by 2028, alongside continuous patent and funding applications.

Management Comments

• "We are excited to announce this strategic move into the rapidly growing E-Bike charging market. Goldfinch HKs innovative platform and growth trajectory align closely with our vision of leveraging AI and IoT technologies to build a more sustainable future. This acquisition diversifies our revenue streams and creates opportunities to explore new infrastructure-based digital asset models in international markets." Mengqing Fan, Chief Executive Officer of TRSO.
• "We are pleased to collaborate with TRSO. TRSOs expertise in AI, blockchain technologies, and global markets will support our operational expansion and service innovation. Together, we aim to accelerate the adoption of E-Bike infrastructure and develop a leading charging solutions platform. In overseas markets, we plan to pioneer RWA-based asset digitization models." Song Xiaohuan, Chief Executive Officer of Goldfinch HK.

Industry Context

This acquisition positions TRSO to capitalize on the rapidly expanding global electric mobility and charging infrastructure markets. China's E-Bike market is substantial, with approximately 500 million E-Bikes in 2025 and a charging revenue market projected for significant growth. The global charging infrastructure market is also expected to exceed USD 100 billion by 2030. TRSO's move into E-Bike charging, combined with its AI and Web3 expertise, aligns with broader industry trends of smart city infrastructure development, IoT integration, and the tokenization of real-world assets (RWA) in the blockchain space.

Comparison to Industry Standards

• Goldfinch HK's platform serving over 1.6 million active users and operating approximately 100,000 charging terminals indicates a significant and established market presence within the E-Bike charging sector, particularly in China.
• The projected growth of China's E-Bike charging market at a CAGR of 16.1% to RMB 46.064 billion by 2030 highlights that Goldfinch HK operates in a high-growth segment, outperforming many mature industries.
• The ambitious plan to deploy over 10 million E-Bike charging units in China and internationally, targeting 10% national market share, suggests a highly aggressive expansion strategy compared to typical organic growth, aiming for a dominant position.
• The integration of Web3 technologies for Revenue Rights On-Chain (RWA) initiatives represents an innovative approach, potentially setting a new standard for asset valuation and financing in the charging infrastructure sector, differentiating it from traditional infrastructure projects.

Management Changes

Corporate Governance

Related Party Transactions

• TRSO has veto rights over related party transactions of Goldfinch HK, indicating a mechanism to control such dealings, but no specific related party transactions are disclosed as having occurred.

Stakeholder Impact

• Shareholders (TRSO): Potential for increased revenue streams, market diversification, and growth in a high-growth sector. Exposure to the Chinese E-Bike market and Web3 innovation. Dilution from the issuance of 5,000,000 shares for the acquisition.
• Shareholders (Goldfinch HK / Xiaohuan Song): Xiaohuan Song receives TRSO shares and retains a 49% equity interest, benefiting from TRSO's expertise and global market access, while maintaining a significant stake in the operating entity.
• Employees (Goldfinch-Chong): Potential for accelerated growth, increased investment, and expansion into new technologies and and international markets, potentially leading to new opportunities.
• Customers (Goldfinch-Chong): Potential for enhanced charging solutions, improved technology (e.g., ultra-fast charging), and broader service availability due to expansion plans and technological advancements.
• Creditors: No direct impact mentioned, but potential for stronger financial position of Goldfinch HK due to TRSO's investment and backing, which could improve creditworthiness.

Next Steps

• Monetize 3,000,000 TRSO shares to invest in Goldfinch-Chong in installments during 2026.
• Release 500,000 restricted shares to Xiaohuan Song six months after December 31, 2025.
• Release 500,000 restricted shares to Xiaohuan Song twelve months after December 31, 2025.
• Goldfinch HK to achieve 2026 performance targets of RMB 70,000,000 platform transaction volume and RMB 4,900,000 net profit.
• Goldfinch-Chong to endeavor to obtain High-Tech Enterprise certification by 2027.
• Goldfinch-Chong to endeavor to obtain Specialized, Refined, Special Enterprise certification by 2028.
• Goldfinch-Chong to continue applying for industry-related patents, software copyrights, and policy funding support over the next five years.
• Jointly develop intelligent management and operational platforms for E-Bike charging infrastructure.
• Launch an innovative E-Bike charging asset revenue rights on-chain (RWA) initiative.
• Deploy or acquire over 10 million E-Bike charging units across China and 10 million units in 3-5 overseas markets over the next five years.
• Develop advanced zinc-ion battery washing technologies and ultra-fast charging technologies.

Key Dates

Recommendation

The acquisition of a majority stake in Goldfinch HK represents a highly strategic and transformative move for TRSO, positioning it in the rapidly expanding E-Bike charging market, particularly in China. Goldfinch HK's established user base (1.6 million) and charging infrastructure (100,000 terminals) provide a strong foundation. The market itself is projected for substantial growth (16.1% CAGR to RMB 46 billion by 2030 in China, and globally exceeding USD 100 billion by 2030). TRSO's integration of AI and Web3 technologies, including the innovative Revenue Rights On-Chain (RWA) initiative, offers a unique competitive advantage and potential for new asset valuation models. The ambitious expansion plans, coupled with strong corporate governance control for TRSO, suggest significant upside potential. While execution risks exist for the aggressive growth targets and new technology adoption, the overall strategic alignment, market opportunity, and innovative approach make this a compelling investment.

Keywords

E-Bike Charging, IoT, Web3, AI, Acquisition, China Market, Digital Assets, Revenue Rights On-Chain, TRSO, Goldfinch HK, Intelligent Charging Infrastructure