Company Background
Founded in 1975, Novautek Technologies Group Limited (the “Group”), former name as Applied Development Holdings Limited, emerged in Hong Kong, a land of opportunity and challenges. During that era of rapid economic growth and a booming manufacturing sector, Applied Development established itself as a leader in OEM electronic manufacturing, leveraging its expertise and strict quality control to become a trusted partner of numerous multinational electronic companies.
March 24, 1986, marked a milestone for the Group, as the Group successfully listed on the Hong Kong Stock Exchange under the stock code 00519. This achievement not only provided the company with ample capital but also enhanced its brand recognition and market influence. Leveraging the power of capital markets, Applied Development further expanded its business scale and accelerated its strategic presence in property development and financial investment sectors.
As times and markets evolved, the Group expanded into property investment and investment holding. It acquired and managed various properties in Hong Kong and internationally, generating stable income through long-term leasing and asset appreciation. Meanwhile, it ventured into China’s real estate market, collaborating with local businesses and governments on diverse property projects.
Today, the Group became a diversified investment holding company with a strong foundation in property development and investment. However, in response to global market changes, the company faces new challenges and opportunities.
To achieve a breakthrough, the Group has embarked on a transformative journey. Following extensive market research and strategic planning, the Group has decided to enter the technology sector in this new era of AI innovation.
On February 12, 2025, the company officially rebranded as Novautek Technology Group Limited, aligning its market positioning and brand image with its forward-looking vision. Novautek is intensifying its investments in cutting-edge technologies such as artificial intelligence and autonomous driving, focusing on product innovation, functional optimization, and business model advancements. The company aims to transition from traditional operations to a technology-driven business model.
Simultaneously, Novautek is eyeing global markets, actively building a worldwide sales network and strengthening collaborations with international partners. By understanding the unique market demands and consumer preferences of different regions, the company plans to launch tailored technology products that resonate locally, driving overseas market growth with high-quality offerings.
This transformation marks a new chapter for the Group as it strives to shine on the global technology stage, establishing itself as a tech brand with international influence.