Victory Securities (Holdings) Company Limited (Stock Code: 8540) announced that its associate, Victory Fintech Company Limited (VFCL), has obtained formal notification from the Securities and Futures Commission (SFC) concerning its successful applications for two sets of licenses. These include a license to carry on Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities under the Securities and Futures Ordinance (SFO), as well as a license to operate a virtual asset exchange under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Both licenses have been approved subject to conditions imposed by the SFC.

According to the announcement, the Board believes VFCL’s new regulatory approvals will bolster the strategy to expand services and foster synergies across Victory Securities (Holdings) Company Limited’s existing business lines. The company views the comprehensive regulatory framework introduced by the SFC as an opportunity to access key components within the evolving virtual asset ecosystem, potentially broadening revenue streams over time.

The announcement cautions shareholders and investors to remain vigilant in trading the company’s securities. Further details are available from the official communication published on the HKEX and the company’s website.