Victory Securities has announced that an associate company within the group, Victory Digital Technology Limited, has received formal notification from the Securities and Futures Commission regarding the approval of its license applications. The licenses include one under Section 116 of the Securities and Futures Ordinance for Type 1 and Type 7 regulated activities, and another under Section 53ZRK of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance for providing virtual asset services related to operating a virtual asset exchange. Both licenses have been approved by the SFC, subject to certain conditions imposed by the regulator.

Given the rapid development of virtual asset-related businesses in recent years, supported by the Hong Kong government, the Board believes that Victory Digital Technology's operation of a virtual asset trading platform, following the necessary regulatory approvals, aligns with the group's strategy. This initiative aims to provide customers with more diversified services, create synergies across the group's various business lines, and add value to the group.

Furthermore, with Victory Digital Technology obtaining these licenses, the group has now become one of the few market participants to secure a key component within the comprehensive regulatory framework for the virtual asset ecosystem introduced by the SFC. The Board anticipates that the virtual asset business segment will encounter more opportunities for growth, continue to expand, and generate new revenue streams for the group.