Hxtl (01085.HK) announced that its wholly-owned subsidiary, Shanghai Cyberwisdom Information Technology, has been recognized as a specialized, special, and new small and medium-sized enterprise in Shanghai in 2024; Nanjing Cyberwisdom Information Technology has also been evaluated and recognized as a gazelle enterprise.

Hxtl believes that the recognition of Shanghai Cyberwisdom as a specialized, special, and new small and medium-sized enterprise is a significant endorsement of the company's white-label password engine business innovation. This technology not only enhances the company's research and development capabilities in digital assets trading platforms and blockchain security, increases brand awareness, but also strengthens the company's market competitiveness in related business areas. As for Nanjing Cyberwisdom being recognized as a gazelle enterprise in Jiangsu Province, it acknowledges the innovative benefits, sustainable development capabilities, and business market demonstration driving force in the fields of IoT security chips and integrated circuit supply chains. This further enhances the company's market competitiveness, increases its visibility and influence, and brings positive impacts from various nurturing and support initiatives.

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