BC Tech Group (OSL Group Ltd.) released a positive profit forecast on July 31, 2024, expecting a significant reduction of approximately 90% in net losses for the six months ending June 30, 2024 compared to the same period in 2023. This significant performance improvement is mainly attributed to the successful implementation of cost savings plan, the joining of new strategic investors and management team, as well as the recovery of global digital asset market. Especially under the background of the rising prices of major digital assets such as bitcoin and ether, the demand for digital asset trading, custody and technology services continues to grow in the market. In addition, the launch of digital asset exchange-traded funds (ETFs) provides new ways for institutional investors to participate...Show More

BC Tech Group (OSL Group Ltd.) released a positive profit forecast on July 31, 2024, expecting a significant reduction of approximately 90% in net losses for the six months ending June 30, 2024 compared to the same period in 2023. This significant performance improvement is mainly attributed to the successful implementation of cost savings plan, the joining of new strategic investors and management team, as well as the recovery of global digital asset market. Especially under the background of the rising prices of major digital assets such as bitcoin and ether, the demand for digital asset trading, custody and technology services continues to grow in the market. In addition, the launch of digital asset exchange-traded funds (ETFs) provides new ways for institutional investors to participate in the digital asset market, exerting positive impact on the development of the group's business. The company will announce the mid-term performance results for the six months ending June 30, 2024 in August 2024. The disclosed financial data is preliminary evaluation and has not been reviewed by auditors or audit committees. Shareholders and potential investors should act prudently.