According to Zhitong Financial App, Bitcoin Universe (08645) announced that on May 17, 2023, the Hong Kong Securities and Futures Commission has accepted Bitcoin World Technology Limited (Bitcoin World, a wholly-owned subsidiary of the Group) to submit license applications for Type 1 (securities trading) and Class 7 (providing automated trading services) regulated activities.

In view of the rapid development of virtual assets around the world and Hong Kong in recent years, the Board of Directors believes that under the premise of obtaining the required regulatory approvals, Bitcoin World operates a virtual asset trading platform in line with the Group's strategy of providing more diversified services to investors, and will also create opportunities for synergy between the Group's various business lines, thereby opening up new revenue streams for the Group.