BOYAA (00434) announced that the company established a strategic partnership with New Fire Technology Holdings Limited in September 2024. The Group will further explore in-depth Web3 ecosystem business cooperation with New Fire Technology based on a compliance framework, jointly expanding Web3 ecosystem development opportunities. New Fire Technology will provide the Group with digital asset compliance management plans and Web3-related technology solutions.
New Fire Technology is listed on the Main Board of the Hong Kong Stock Exchange under stock code 1611.HK, primarily engaged in providing technology solution services and various services within the virtual asset ecosystem, including asset management, trust and custody services, and cryptocurrency trading. New Fire Technology has deep expertise in digital asset compliance and financial infrastructure. Its subsidiary, New Fire Asset Management (Hong Kong) Limited, holds Type 1, Type 4, and Type 9 licenses issued by the Hong Kong Securities and Futures Commission, making it the first licensed institution in Hong Kong to provide discretionary virtual asset portfolio management services. It is approved to manage portfolios with 100% investment in virtual assets. Additionally, its subsidiary New Fire Trust Limited holds a TCSP trust license issued by the Hong Kong Companies Registry.
New Fire Technology possesses strong advantages and extensive experience in blockchain technology, fintech, other innovative technologies, and compliant digital asset management capabilities. The Group's Board of Directors believes that this strategic cooperation will play an important supporting role in implementing the Group's Web3 strategic transformation. New Fire Technology's technical capabilities and industry resources can further promote the Group's business development and positioning in the Web3 field.
The Group will deepen its cultivation in the Web3 field, leveraging its rich experience in the internet gaming industry and the development opportunities brought by Hong Kong's new Web3 policies, and is committed to building the company into a pure, leading Web3 gaming ecosystem company.