HAO TIAN INTL (01341) performed strongly in morning trading, rising 10.71% to HK$0.248 with a turnover of HK$416 million.

On August 31st, HAO TIAN INTL announced that its indirect wholly-owned subsidiary, Hao Tian International Securities Limited (Hao Tian Securities), intends to submit an application to the Securities and Futures Commission (SFC). The application seeks approval to provide virtual asset trading services through comprehensive account arrangements to enhance its service offerings.

In recent years, the virtual asset sector has witnessed significant development and progress. The board of directors believes that introducing virtual asset-related trading services will substantially expand the group's service scope and open up additional revenue streams.

By exploring opportunities in the virtual asset sector, the group is working to develop new income sources and build expertise to strengthen its capabilities. The directors believe that expanding service offerings through the inclusion of virtual assets will provide unique features and return patterns that differ from traditional financial assets. This initiative is expected to attract a broader client base and generate additional revenue sources, thereby enhancing the group's operational performance and financial position.