DMALL (02586) announced that the company has submitted a non-binding letter of intent regarding the potential acquisition of 100% equity in two licensed corporations under Chapter 571 of the Securities and Futures Ordinance of Hong Kong (the target companies).

One target company is licensed under the Securities and Futures Ordinance to conduct Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management) regulated activities, while the other target company holds a Type 1 (dealing in securities) license under the Securities and Futures Ordinance.

As of the date of this announcement, the parties have not signed any binding agreement regarding the potential acquisition, and all parties are currently negotiating the terms of the potential acquisition.

The Group believes that the potential acquisition will enable it to rapidly enter the regulated financial services sector, laying the foundation for subsequent upgrades to Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) licenses to provide virtual asset trading services. This will also benefit the Group in building an innovative model that integrates "retail scenarios + Real World Assets (RWA)".