English
On October 28, 2022, leading one-stop digital asset service platform – New Huo Technology Holdings Limited (“New Huo Tech” or the “Company”, stock code: 1611.HK) is pleased to announce that the company has recently received the certificate of change of name that approved by the Registry of Corporate Affairs in the British Virgin Islands, following a special resolution on the change of the company name being duly passed at the extraordinary general meeting of the company earlier on. The Company will officially change its name to New Huo Technology Holdings Limited ("New Huo Tech”). At the same time, the wholly-owned subsidiaries and related businesses of New Huo Tech will be renamed simultaneously and continue its one-stop digital asset services with a brand-new unified image.
The name change of New Huo Tech will better demonstrate its development strategy, direction and its determination to proactively bring innovation to the industry and to strengthen the synergistic effect of its digital assets business, which will be of great benefit to the long-term development of the Company.
Under unified brand management, each sub-business will further be effectively allocated resources. It is expected to bring more attractive growth opportunities for the Company and its shareholders.
New Huo Tech has always committed to carrying out the company philosophy of being “Compliant, Professional, Diversified and Efficient”. The Company is committed to bridging traditional finance and digital asset by providing a safe and compliant digital asset investment experience for institutions and individuals.
With the value of digital assets being discovered and valued by institutions, and the increasingly clearer regulatory frameworks in various countries and regions, New Huo Tech shows significant advantages of diverse business led by its compliance licenses, and the services have also been well recognized by the capital market and investors.
In the future, New Huo Tech will continue to expand its compliance-driven strategy. By leveraging its license advantage and integrating resources, the Company will provide institutional and individual investors with high-quality digital asset services and continuously enhance its business scale and market position, thereby creating long-term returns for the company’s shareholders.
About New Huo Tech
New Huo Technology Holdings Limited (“New Huo Tech”, Stock Code: 1611.HK) is a leading one-stop digital asset service platform. We are committed to leading traditional finance into digital assets, with professional, compliant, secure, and efficient services. Currently, the Company services cover cloud-based services, data center services, SaaS, virtual asset management, custody, OTC, lending, trading platform and strategic investment.
New Huo Tech understands the importance of compliance. We have been actively applying for various virtual asset and finance-related licenses in major global markets. Up to now, New Huo Tech’s subsidiaries have successfully obtained: (i) approval from the Securities and Futures Commission of Hong Kong to conduct Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities and to manage portfolios that invest 100% in virtual assets; (ii) obtained a Trust or Company Service Provider (“TCSP”) License (Hong Kong) and registered as a Trust Company in Hong Kong; (iii) registered the Money Services Business (MSB) from the Financial Crimes Enforcement Network (FinCEN) in the United States; and (iv) registered the Money Services Business (MSB) from the Financial Transactions and Reports Analysis Centre(FINTRAC) in Canada. At the same time, New Huo Tech’s subsidiary is actively applying for the Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) regulated activities licenses under the Securities and Futures Ordinance to be issued by HKSFC, to conduct as a compliant virtual asset trading platform in Hong Kong.
Company Website：www.newhuotech.com
Investor Inquiry：[email protected]
Media Inquiry：[email protected]
