BlueCity Interactive (08267) announced the formation of its "LK Crypto" business unit, accelerating strategic deployment in Web3 and real-world assets (RWA) tokenization. Amid rapid global integration of digital assets and Web3 technologies, the Group maintains steadfast confidence in the long-term value and strategic importance of Web3. Particularly driven by breakthroughs in key areas like RWA and stablecoins, Web3 is transitioning from conceptual frameworks to large-scale implementation, emerging as the core engine for the next technological revolution and asset restructuring.

To optimize business structure and consolidate crypto asset resources, while seizing historically significant opportunities presented by Hong Kong's Web3 policies, BlueCity Interactive established LK Crypto as its central execution platform for Web3 strategy. This division will oversee all Web3 and crypto asset-related operations, including: - Management of mainstream crypto assets held by the Group (Bitcoin, Ethereum, Solana); - Crypto asset management for equity-invested companies (including LK Venture, Marsbit, and Element).

Through this organizational enhancement, BlueCity Interactive will reinforce investments in crypto asset allocation, Web3 project incubation, content ecosystem development, and global partnerships. Committed to compliance, transparency, and sustainability, the Group aims to establish an institutional Web3 capability hub.