Oriental Culture Holding LTD. Announces Strategic Transition to Supporting Services for Third Party Art and Collectible Platforms

About this update from Oriental Culture Holding Ltd

Hong Kong, China, July 23, 2026 (GLOBE NEWSWIRE) -- Oriental Culture Holding LTD. ("Oriental Culture" or the "Company") (NASDAQ: OCG), an online service provider of collectibles and artworks, today announced that its Board of Directors has approved a strategic transition of its main business from online provider of collectibles and artwork e-commerce services to the supporting services for third party art and collectible platforms. In response to recent development in art and collectible trading industry in China, the Company has carefully reviewed its overall business development strategy and plans to further develop and expand its supporting services for the art and collectible trading platform to transition its main business towards supporting service-oriented business for third party trading platforms. Through its wholly owned operating subsidiaries in China, the Company will develop three core business segments: (i) technology support services, (ii) cultural and art products warehousing and custodianship services, and (iii) real estate operations, while continue to expand its ancillary services related to art appraisal and grading. Among these, the technology support services and cultural art warehousing and custodianship segments are built upon the Company's existing long-term cooperative relationship in the industry, which have been generating stable and recurring cash flows for the Company. Leveraging its experience in trading platform development, operation and maintenance, and professional cultural art warehousing and logistics, the Company believes it will be able to provide third party trading platforms, shopping malls, and other institutional clients with standardized, fully integrated supporting services—covering platform development, day-to-day operations, and art warehousing and custodianship—to establish a solid revenue backbone for the Company. The real estate operations will be mainly conducted through leasing out our self-owned properties to third parties to deliver supplementary revenue to the Company. "This strategic transition into a supporting service-oriented business for third party trading platforms marks an important moment for the Company," said Mr. Yi Shao, the Chief Executive Officer of the Company, "building from our existing operational capacity and supporting services as the foundation, this new strategy will create pathw...

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