Puxing Energy Limited (Stock Code: 90) disclosed a subscription of Series A preferred shares in HashKey Holdings Limited, involving around US$380,000 (approximately HK$2.98 million), representing less than 0.05% of HashKey’s equity. According to the announcement, an independent valuer used a market-based approach to confirm the fairness of the subscription price, referencing previous transactions and comparable market data.

HashKey Holdings operates multiple digital asset services, including a licensed virtual asset exchange in Hong Kong, a global exchange platform, an OTC service provider, plus asset management and on-chain offerings. Puxing Energy Limited cited the growing potential of blockchain technology—especially its applications in enhancing transparency in energy transactions and data security—as a motivation for this strategic investment.

The announcement reiterated Puxing Energy Limited’s investment policy, which focuses on investing surplus or available funds in various projects and enterprises that show market potential, synergy opportunities, and innovative capacity. The company outlined risk control measures such as ongoing communication with HashKey, monitoring of regulatory environments, and limit-setting for potential exits. An internal team, guided by senior executives and overseen by the board, will regularly review investment performance. The announcement concludes that the subscription aligns with the company's broader interests and will be reviewed and disclosed further if necessary.