HeartCore Announces Strategic Transfer of 51% Equity Interest in HeartCore Luvina Vietnam to Luvina Software

NEW YORK and TOKYO, Aug. 07, 2026 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), an IPO consulting services company based in Tokyo, has entered into an agreement to transfer its entire 51% equity interest in HeartCore Luvina Vietnam Company Limited (“HCLV”), the Company’s Vietnam-based software development joint venture, to Luvina Software Joint Stock Company (“Luvina”), HeartCore’s existing joint venture partner who holds the remaining 49% equity interest in HCLV, for JPY 29,000,000 (approximately $184,093).

The transaction is part of HeartCore’s ongoing business portfolio optimization strategy and supports concentration of management’s resources and capital on HeartCore’s Go IPO consulting and financial services-related business initiatives. By transferring HCLV to Luvina, a partner with deep local operating knowledge and a long-standing relationship with the business, HeartCore believes the transaction provides a constructive path for HCLV’s continued operations.