WEBX INTL HLDGS (08521) Subsidiary Opens Virtual Asset Account in Hong Kong

Stock News
2025/09/26

WEBX INTL HLDGS (08521) announced that as part of the development of its cloud computing and internet traffic services business, the company's wholly-owned subsidiary, Webx Canton Limited, has completed the opening of a Bitcoin account with a regulated virtual asset trading platform service provider in Hong Kong. For this purpose, the subsidiary has also purchased more than one Bitcoin through internal group resources at an average price of approximately USD 118,000 (equivalent to approximately HKD 918,000). Since all applicable percentage ratios for the Bitcoin purchase are below 5%, the purchase does not constitute any notifiable transaction under Chapter 19 of the GEM Securities Listing Rules of The Stock Exchange of Hong Kong Limited. Prior to the aforementioned purchase, the board of directors established an investment committee aimed at enhancing operational efficiency and strengthening investment decision-making and risk management processes, particularly considering the group's strategic focus on cryptocurrencies and related technologies. The investment committee is tasked with reviewing and recommending to the board appropriate transactions involving virtual assets as well as strategies for managing these assets to minimize potential risks associated with holding such virtual assets. Additionally, the investment committee will evaluate, approve, and provide recommendations on various risks proposed by the group's management team.

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