Fu Shek Financial Holdings Ltd. has announced that its indirect wholly-owned subsidiary, Sinomax Securities Limited, has submitted an application to the Securities and Futures Commission of Hong Kong for a license to conduct Type 1 regulated activity, specifically dealing in or advising on virtual assets. This move is part of the company's strategy to diversify its product offerings and expand its range of services. The approval of this application would allow Fu Shek to generate new revenue streams and create synergies across its business lines. The board advises shareholders and potential investors to exercise caution as the application is subject to regulatory approval and may not be successful. Further updates will be provided as the situation develops.