# EDGAR Filing Document

**Accession Number:** 0002036307
**File Stem:** 0001641172-25-025342
**Filing Date:** 2025-8
**Character Count:** 35921
**Document Hash:** 17bbef8173c0f1510cc9629c911cb39f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-025342.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001641172-25-025342

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250825

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OFA Group
- **CENTRAL INDEX KEY:** 0002036307
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ENGINEERING SERVICES [8711]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42592
- **FILM NUMBER:** 251247972

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT B, 16/F, EASY TOWER, 609 TAI NAN WE
- **CITY:** CHEUNG SHA WAN,
- **PROVINCE COUNTRY:** K3
- **ZIP:** 000000
- **BUSINESS PHONE:** 85221370122

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT B, 16/F, EASY TOWER, 609 TAI NAN WE
- **CITY:** CHEUNG SHA WAN,
- **PROVINCE COUNTRY:** K3
- **ZIP:** 000000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of August 2025**

**Commission File Number: 001-42592**

**<u>OFA GROUP</u>**

**(Translation of registrant's name into English)**

**609 Deep Valley Drive, Suite 200**

**Rolling Hills, CA 90274**

**(Address of principal executive offices)**

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

 

On August 19, 2025, OFA Group (the "Company") entered into a binding Letter of Intent (the "LOI") with Next Investment LLC ("Next"), a California limited liability company. Under the LOI, the Company and Next intend to form a joint venture ("JV") for the development, design, construction, financing and operation of a senior care facility in Indiana. Pursuant to the LOI, the Company and Next shall own 60% and 40% of the JV, respectively. The Company shall be entitled to appoint two members to the three person board of managers of the JV and Next shall be entitled to appoint one member. Next will contribute a property located at 1817 S Park Ave, Alexandrew, IN 46601 (the "Property") to the JV and the Company shall be responsible for the design and construction management and finances of the facility. Any profits will be allocated between the parties proportionately to their ownership interest. Within ten business days of the LOI, the Company will deposit $100,000 in an independent escrow account until the Property is development ready and all necessary permits have been obtained for construction to commence. Following the execution of the LOI, the Company has 60 calendar days to complete due diligence of the Property with all costs and expenses to be shared equally between the Company and Next. The LOI also contains other customary provisions, including non-compete, confidentiality and exclusivity.

The terms of the LOI shall remain in full force for a period of 120 days from the date of execution with the possibility of extension, while the collaboration details will be formalized in subsequent definitive agreements and related transaction documents.

On August 25, 2025, the Company issued a press release announcing that it had entered into the LOI.

The foregoing summary of the terms of the LOI are subject to, and qualified in their entirety by, the LOI, a copy of which is filed as Exhibit 99.1 to this Form 6-K and are incorporated herein by reference. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

**Forward Looking Statements**

This Form 6-K includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this Form 6-K are forward-looking statements. When used in this Form 6-K, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "*Risk Factors*" section of the Company's Annual Report on Form 20-F and initial public offering prospectus. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

**Financial Statements and Exhibits.**

The following exhibits are being filed herewith:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Letter of Intent, dated as of August 19, 2025, by and between OFA Group and Next Investment LLC](ex99-1.htm) |
| 99.2 | [Press Release, dated August 25, 2025](ex99-2.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **OFA Group** | **OFA Group** |
| Date: August 25, 2025 | By: | */s/ Li Hsien Wong* |
|  |  | Li Hsien Wong |
|  |  | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**LETTER OF INTENT**

**Joint Venture for Senior Care Facility Development and Operations**

**Date:** August 19, 2025

**Between:**

● **OFA Group** ("OFA"), a Cayman Island Limited Corporation

● **Next Investments LLC** ("Next"), a California Limited Liability Company

**1. PURPOSE AND INTENT**

This Letter of Intent ("LOI") sets forth the material preliminary terms, conditions, and binding commitments for the formation of a strategic joint venture ("JV") between OFA and Next for the comprehensive development, design, construction, financing, and long-term operation of a state-of-the-art senior care facility (the "Project") on real property to be contributed by Next, including all improvements, fixtures, and appurtenances thereto, located at 1817 S Park Ave, Alexandria, IN, 46001 (the "Property"). This LOI represents the parties' mutual intent to proceed expeditiously toward the execution of definitive transaction documents and the successful completion of this transformative healthcare real estate development.

**2. JOINT VENTURE STRUCTURE**

**2.1 Entity Formation**

The parties shall jointly form a new special purpose limited liability company or other mutually acceptable legal entity structure (the "JV Entity") organized under Indiana law, which shall serve as the exclusive vehicle to acquire, own, develop, finance, construct, operate, and maintain the Project. The JV Entity shall be established with comprehensive operating agreements designed to protect each party's respective interests while facilitating efficient project execution and operational management.

**2.2 Ownership Structure and Economic Interests**

The membership interests, voting rights, and economic participation in the JV Entity shall be allocated as follows, reflecting each party's respective contributions and ongoing commitments:

● **OFA:** Sixty percent (60%) membership interest, voting rights, and economic participation

● **Next:** Forty percent (40%) membership interest, voting rights, and economic participation

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

All distributions, allocations of profits and losses, tax benefits, depreciation, and other economic incidents of ownership shall flow to the members in direct proportion to their respective ownership percentages unless otherwise specifically provided herein or in the definitive operating agreement.

**2.3 Governance, Management and Control Structure**

○ OFA shall have the exclusive right to appoint two (2) board members, including the right to designate the Chairman of the Board

○ Next shall have the right to appoint one (1) board member

● **Decision Making Authority:** All major business decisions, strategic initiatives, capital expenditures exceeding $500,000, amendments to governing documents, and fundamental changes to business operations shall require majority board approval, with OFA maintaining controlling voting authority through its majority board representation

● **Operational Management Delegation:** Next shall assume full day-to-day operational management responsibilities for the completed senior care facility, including but not limited to resident services, staffing, regulatory compliance, marketing, and routine maintenance, subject to board oversight and annual operating budget approval

**3. CONTRIBUTIONS AND RESPONSIBILITIES**

**3.1 Next's Material Contributions and Obligations**

Next shall contribute and be fully responsible for the following material elements essential to the Project's success:

● Transfer of fee simple title to the Property, warranted to be free and clear of all liens, encumbrances, easements, restrictions, and defects that would materially impair the intended use as a senior care facility

● Procurement and delivery of all necessary governmental permits, licenses, zoning approvals, variances, special use permits, and regulatory compliance documentation required for senior care facility development and operation

● Comprehensive property insurance coverage including general liability, property casualty, and environmental protection, together with ongoing property maintenance, security, and tax obligations until formal construction commencement

● All environmental remediation, if any, required to bring the Property to development-ready condition

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

● Utility connections, site access improvements, and any required off-site infrastructure enhancements

● Upon substantial completion of construction, assume full operational responsibility for the senior care facility, including but not limited to resident care services, staffing and personnel management, regulatory compliance, healthcare licensing maintenance, marketing and resident acquisition, financial management, and all day-to-day operational activities necessary for successful facility operations

**3.2 OFA's Material Contributions and Obligations**

OFA shall provide and be fully responsible for the following critical development and construction elements:

● Complete architectural design, engineering services, planning, and all professional consulting services required for facility development, with OFA retaining sole and absolute discretion in the selection, engagement, and management of all architects, engineers, construction firms, designers, and professional consultants

● Comprehensive construction management, general contracting services, subcontractor coordination, and quality control oversight throughout the construction process, with OFA having exclusive authority to select, contract with, and supervise all general contractors, subcontractors, suppliers, and construction-related service providers

● Arrangement and provision of all construction financing, permanent financing, development funding, working capital, and any additional capital requirements for Project completion

● Project development expertise, regulatory navigation, construction supervision, and overall project delivery management

● All construction permits, building approvals, and compliance with applicable building codes and healthcare facility regulations

**4. FINANCIAL TERMS AND ECONOMIC ARRANGEMENTS**

**4.1 Profit and Loss Distribution Framework**

All net profits, operating losses, cash distributions, capital gains, tax benefits, depreciation allowances, and other economic benefits or burdens of the JV Entity shall be allocated, distributed, and shared between the parties in direct proportion to their respective ownership interests: sixty percent (60%) to OFA and forty percent (40%) to Next. Such allocations shall be made in accordance with applicable tax regulations and shall be reflected in annual Schedule K-1 distributions to each member.

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**4.2 Capital Contribution Requirements and Valuation**

Each party's initial capital contributions (whether in cash, property, or services) shall be independently appraised and valued by a qualified MAI-certified real estate appraiser and/or certified public accounting firm acceptable to both parties. Any subsequent capital contribution requirements, whether for cost overruns, working capital needs, expansion, or other business purposes, shall be contributed by the members pro rata based on their respective ownership percentages, or as otherwise unanimously agreed by the Board of Managers. Failure to contribute required capital may result in dilution of the non-contributing member's ownership interest.

**4.3 Operating Expense Allocation and Cash Flow Management**

All ongoing operating expenses, debt service obligations, insurance premiums, property taxes, maintenance costs, management fees, and administrative expenses shall be allocated and funded based on the parties' respective ownership percentages unless otherwise specifically provided in the definitive operating agreement. The JV Entity shall maintain separate operating and capital reserve accounts, with quarterly financial reporting to all members and annual independent audited financial statements.

**5. COMPREHENSIVE PROTECTIVE PROVISIONS FOR OFA**

**5.1 Management Failure and Default Remediation Clause**

In the event that Next ceases to manage, operate, or provide services to the senior care facility for any reason whatsoever, including but not limited to material breach of management obligations, insolvency, bankruptcy, voluntary withdrawal, loss of required licenses, regulatory sanctions, or failure to maintain acceptable operational standards as determined by applicable healthcare regulations, OFA's ownership interest in the JV Entity shall automatically and immediately increase to ninety percent (90%), with Next's corresponding ownership interest automatically reducing to ten percent (10%). This ownership reallocation shall occur without additional consideration and shall be accompanied by OFA's right to assume full operational control or engage alternative management services.

**5.2 Comprehensive Right of First Refusal and Transfer Restrictions**

OFA shall maintain a superior and irrevocable right of first refusal with respect to any proposed transfer, sale, assignment, pledge, hypothecation, or other disposition of Next's ownership interest in the JV Entity, whether voluntary or involuntary, direct or indirect. Upon receipt of any bona fide third-party offer or indication of Next's intent to transfer any portion of its interest, OFA shall have forty-five (45) days to elect to acquire such interest on identical terms and conditions. This right shall extend to transfers to affiliates, family members, or related entities, and shall include tag-along and drag-along provisions protecting OFA's interests in any potential exit scenarios.

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**5.3 Exclusive Naming Rights and Brand Control**

OFA shall retain sole, absolute, and irrevocable discretion in selecting, determining, and modifying the legal name of the JV Entity, the trade name and brand identity of the senior care facility, all marketing materials, signage, and corporate identity elements. OFA's naming rights shall extend to any successor entities, refinanced structures, or operational modifications throughout the entire term of the joint venture relationship.

**5.4 Key Person Provisions and Management Continuity**

Next shall designate and commit specific key management personnel whose continued active involvement and personal participation is deemed material and essential to the successful operation of the senior care facility. Such key persons shall include, at minimum, the general manager, director of nursing, and regional supervisor. The departure, disability, or unavailability of designated key persons without OFA's prior written consent and the provision of suitable replacement personnel with equivalent qualifications and experience may trigger breach of contract provisions, monetary penalties, or OFA's right to assume operational control.

**6. DEVELOPMENT TIMELINE AND PERFORMANCE MILESTONES**

**6.1 Critical Path Milestones and Delivery Schedule**

The parties acknowledge that time is of the essence in this development project and hereby commit to the following binding performance milestones and delivery schedule:

● Property transfer, title clearance, and comprehensive due diligence completion: 30-60 days from LOI execution

● Final architectural design, engineering plans, and permit application submission: 120-180 days from due diligence completion

● Construction commencement and groundbreaking ceremony: 90-180 days from permit approval (depending on permit complexity and seasonal considerations)

● Substantial completion of construction and receipt of certificate of occupancy: 18-24 months from construction commencement (typical for 60-120 bed senior care facility)

● Facility operational readiness, licensing approval, and first resident occupancy: 90-120 days from substantial completion (includes staff hiring, training, state licensing inspections, and marketing ramp-up)

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**Total Project Timeline: Approximately 2.5-3 years from LOI execution to full operational capacity**

**6.2 Performance Standards and Remedial Measures**

Time is expressly declared to be of the essence for all performance obligations under this LOI and any subsequent definitive agreements. Material failure to achieve agreed milestones within the specified timeframes, subject only to force majeure events and other excusable delays as mutually agreed, may result in monetary penalties, liquidated damages, accelerated performance requirements, or termination rights favoring the non-defaulting party. Each party shall provide monthly progress reports and shall notify the other party immediately upon becoming aware of any circumstances that may cause delays in meeting established milestones.

**6.3 Good Faith Escrow Deposit**

Within ten (10) business days of the execution of this LOI, OFA shall deposit One Hundred Thousand Dollars ($100,000) in good faith into an independent escrow account established with a mutually acceptable title company or escrow agent. Such funds shall be held in escrow until the Property is development-ready and all necessary permits and approvals have been obtained for construction commencement. Upon satisfaction of these conditions, the escrow funds shall be released to OFA and may be applied toward Project development costs. If the transaction is terminated due to OFA's material breach or voluntary withdrawal without cause, the escrow funds shall be forfeited to Next as liquidated damages.

**7. COMPREHENSIVE DUE DILIGENCE AND CONDITIONS PRECEDENT**

**7.1 Extensive Property Due Diligence Investigation**

OFA shall have sixty (60) calendar days from the execution of this LOI to complete comprehensive and satisfactory due diligence investigation of the Property, with all costs and expenses to be shared equally (50%/50%) between OFA and Next, including but not limited to the following critical areas of inquiry:

● Phase I Environmental Site Assessment and, if recommended, Phase II Environmental Site Assessment including soil and groundwater testing for contamination, hazardous materials, and compliance with all applicable environmental regulations

● Current ALTA survey prepared by licensed surveyor, including topographical analysis, boundary confirmation, easement identification, and encroachment verification

● Complete title examination, title insurance commitment, and resolution of any title defects, liens, or encumbrances that would impair the intended use

● Comprehensive zoning analysis, regulatory compliance verification, and confirmation of all required permits and approvals for senior care facility development and operation

● Professional geotechnical investigation, soil bearing capacity analysis, and subsurface condition assessment

● Independent market feasibility study and demographic analysis confirming demand for senior care services in the relevant market area

● Review of existing leases, service contracts, and third-party agreements affecting the Property

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**7.2 Mutual Financial and Operational Due Diligence**

Both parties shall conduct comprehensive financial and operational due diligence on each other's financial capacity, creditworthiness, operational capabilities, and ability to perform their respective obligations under this joint venture arrangement. Such due diligence shall include review of audited financial statements, credit reports, references from previous development or operational partners, regulatory compliance history, and verification of all required licenses and certifications necessary for each party's performance of its obligations hereunder.

**8. ADDITIONAL PROTECTIVE TERMS AND RESTRICTIVE COVENANTS**

**8.1 Comprehensive Non-Compete and Market Protection**

During the entire term of the joint venture relationship and for a period of three (3) years following termination, dissolution, or any party's exit from the JV Entity, neither party nor their respective affiliates, subsidiaries, officers, directors, or controlling persons shall directly or indirectly engage in, invest in, develop, operate, manage, or provide services to any competing senior care facility, assisted living facility, memory care facility, or related healthcare real estate development within a fifteen (15) mile radius of the Property without the express prior written consent of the other party. This restriction shall include prohibition against soliciting residents, employees, or referral sources from the JV Entity's facility.

**8.2 Strict Confidentiality and Trade Secret Protection**

All proprietary information, financial data, business plans, operational procedures, resident information, marketing strategies, trade secrets, and confidential business information shared between the parties in connection with this joint venture shall remain strictly confidential and proprietary to the disclosing party. Neither party may disclose such information to any third parties, competitors, or other persons or entities without the express prior written consent of the disclosing party. This confidentiality obligation shall survive termination of this LOI and any subsequent definitive agreements and shall remain in effect in perpetuity.

**8.3 Exclusive Dealing and Good Faith Negotiation**

During the negotiation period established by this LOI and until execution of definitive joint venture agreements or earlier termination of this LOI, both parties agree to negotiate exclusively with each other regarding this Project and shall not pursue, negotiate, or enter into alternative arrangements, discussions, or agreements with any third parties concerning similar senior care facility development opportunities involving either party's contributed assets or capabilities. Both parties covenant to negotiate all definitive agreements in good faith and to use their best commercial efforts to complete this transaction.

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**9. DISPUTE RESOLUTION AND ENFORCEMENT MECHANISMS**

Any and all disputes, controversies, claims, or disagreements arising out of, relating to, or in connection with this LOI, the contemplated joint venture transaction, the interpretation or enforcement of any provision hereof, or the breach, termination, or validity of this agreement shall be resolved exclusively through binding arbitration conducted under the Commercial Arbitration Rules of the American Arbitration Association. Such arbitration proceedings shall be conducted before a panel of three (3) arbitrators with demonstrated expertise in real estate development, healthcare facility operations, and joint venture disputes, with proceedings held in Los Angeles, California. The prevailing party in any such arbitration shall be entitled to recover all reasonable attorneys' fees, costs, and expenses incurred in connection with such proceedings. Any arbitration award shall be final, binding, and enforceable in any court of competent jurisdiction.

**10. DEFINITIVE DOCUMENTATION AND TRANSACTION STRUCTURE**

This LOI shall serve as the foundational framework and binding commitment for negotiating, drafting, and executing comprehensive definitive joint venture agreements and related transaction documents, including but not limited to the following essential agreements and instruments:

● Comprehensive Operating Agreement or Limited Liability Company Agreement governing the JV Entity's formation, governance, operations, and member rights and obligations

● Property Contribution Agreement detailing the transfer of real property interests, warranties, representations, and closing conditions

● Development and Construction Agreement establishing construction responsibilities, performance standards, change order procedures, and completion requirements

● Professional Management Agreement defining operational responsibilities, performance metrics, compensation, and termination provisions

● Financing and Security Agreements including construction loans, permanent financing, guaranties, and related security instruments

● Insurance and Indemnification Agreement addressing comprehensive risk allocation, liability protection, and insurance coverage requirements

● Regulatory Compliance Agreement ensuring adherence to all applicable healthcare licensing, zoning, and operational requirements

**11. BINDING NATURE, ENFORCEABILITY, AND LEGAL EFFECT**

While this LOI contemplates and anticipates the negotiation and execution of comprehensive definitive agreements containing additional detailed terms and conditions, the parties expressly acknowledge and agree that certain material provisions contained herein, including but not limited to confidentiality obligations, exclusivity commitments, good faith negotiation requirements, due diligence procedures, and performance milestone deadlines, are immediately binding, legally enforceable, and create actionable legal obligations upon execution of this LOI. The parties further acknowledge that this LOI creates legally binding commitments that may be enforced through specific performance, injunctive relief, monetary damages, or other appropriate legal and equitable remedies.

Architectural Design - Artificial Intelligence - Interior Design - Licensing Services - MBIS/MWIS - Project

Management - Property Valuation

**12. TERM, RENEWAL, AND TERMINATION PROVISIONS**

This LOI shall remain in full force and effect for a period of one hundred twenty (120) days from the date of execution by both parties, unless extended by mutual written agreement of the parties or terminated earlier upon the occurrence of a material breach by either party that remains uncured following thirty (30) days written notice and opportunity to cure. Either party may unilaterally extend this LOI for an additional sixty (60) day period upon written notice to the other party. Upon expiration or earlier termination of this LOI, the confidentiality, non-compete, and other survival provisions specifically identified herein shall remain in full force and effect in accordance with their respective terms.

**13. GOVERNING LAW**

This LOI shall be governed by and construed in accordance with the laws of Delaware, without regard to conflict of law principles.

**14. MISCELLANEOUS PROVISIONS AND ADDITIONAL TERMS**

**14.1 Good Faith Performance and Commercial Reasonableness**

The parties covenant and agree to negotiate all definitive agreements in good faith, to use commercially reasonable efforts and best business practices to consummate the contemplated transaction in accordance with the terms set forth herein, and to cooperate fully in obtaining all necessary approvals, permits, financing, and other requirements for successful completion of the Project development and operations.

**14.2 Costs, Expenses, and Professional Fees**

Each party shall bear and be solely responsible for its own respective costs, expenses, professional fees, and out-of-pocket expenditures incurred in connection with the negotiation, preparation, execution, and implementation of this LOI and the contemplated transaction, including but not limited to legal fees, accounting fees, consulting fees, due diligence costs, and other professional service expenses, except as otherwise specifically provided herein or in the definitive agreements.

**14.3 Amendment, Modification, and Waiver**

This LOI may only be amended, modified, supplemented, or waived by a written instrument executed and delivered by both parties hereto. No oral agreements, understandings, or modifications shall be effective or binding upon either party. Any waiver of any provision hereof must be in writing and shall not constitute a waiver of any other provision or any subsequent breach of the same or any other provision.

**[*Signature Page Follows*]**

**IN WITNESS WHEREOF**, the parties have executed this Letter of Intent as of the date first written above.

**OFA GROUP**

---

| | |
|:---|:---|
| By: | */s/ Li Hsien Wong* |
| Name: | Li Hsien Wong |
| Title: | Chief Executive Officer |
| Date: | 8/19/2025 |

---

**NEXT INVESTMENTS LLC**

---

| | | |
|:---|:---|:---|
| By: | */s/ Ta Siu* | |
| Name: | Ta Siu, Ph.D. |  |
| Title: | CEO |  |
| Date: | 8/16/2025 |  |

---

## Exhibit 99.2

**Exhibit 99.2**

**OFA Group Leads Joint Venture with Next Investments LLC to Develop Senior Care Facility, Advancing Expansion into Asset-Backed Real Estate**

*Transaction in escrow advances OFA's expansion into asset-backed real estate and next-generation senior living* 

**Los Angeles, CA – August 25, 2025** – OFA Group (Nasdaq: OFAL)("OFA" or the "Company"), a leader in architecture, real estate innovation, and AI-driven design solutions, today announces that it has entered into a binding Letter of Intent (LOI) with Next Investments LLC ("Next) to establish a joint venture (JV) for the development of a state-of-the-art senior care facility. The joint venture is subject to the negotiation and execution of definitive agreements.

Chief Operation Officer Thomas Gaffney commented, "This joint venture has been established to advance OFA's strategy to apply our financial and architectural expertise to high-growth, asset-backed opportunities. By combining our design and financing capabilities with Next's operational acumen and property base, we are creating a scalable senior care model in a sector driven by powerful demographic trends. Strategically, this initiative aligns with our broader growth plan to expand into asset management and real estate verticals, including senior care, crypto-enabled lending, and property technology. Together, these efforts are building a diversified, technology-driven financial ecosystem designed to deliver sustainable growth and long-term shareholder value."

Pursuant to the Letter of Intent, OFA will provide both the capital investment and architectural services required for the development of the project, leveraging the expertise of its OFA Finance and OFA Architecture divisions. Next will contribute the property on which the facility will be constructed and assume full management responsibilities once the development is completed.

The joint venture will unite OFA's capital deployment and architectural expertise with Next's property base and operational leadership, establishing a purpose-built platform in senior care. By aligning capabilities in development and management, OFA believes the partnership is positioned to capture long-term demand in a growing demographic sector while generating durable, recurring value.

**About OFA Group**

OFA Group, through its wholly owned operating subsidiary, Office for Fine Architecture Limited, is a publicly traded architectural and AI tool development firm dedicated to delivering innovative, sustainable, and client-focused solutions in the built environment. The company's portfolio spans architecture, interior design, planning, statutory submissions, and AI-driven building code compliance tools, with specialized expertise in senior care infrastructure development. For more information, please visit <u>https://investor.ofacorp.com/</u>

**Forward Looking Statements**

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements although not all forward-looking statements contain these identifying words. These forward-looking statements include statements relating to the Company's establishment of a joint venture, the completion of the construction, the Company's broader growth strategy and the Company's expected financial results. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty and changes in circumstances. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to the parties' ability to complete due diligence, obtain regulatory approvals, and negotiate definitive agreements, the development of senior care industry and other factors discussed in the "Risk Factors" section of the prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

**Investor & Media:**

CORE IR<br> (212) 655-0924<br> <u>info@ofacorp.com</u>