Guofu Innovation intends to purchase cryptocurrency and subscribe to virtual asset funds

Jinse Finance reported that according to the announcement of Guofu Innovation (00290.HK), the board of directors would like to inform shareholders and potential investors that the board of directors has approved a budget of HK$5 million for the group’s cryptocurrency and virtual asset fund-related activities within the next year from the date of the announcement. Investments, these budgets will be mainly used for (a) purchasing cryptocurrencies (mainly including Bitcoin (BTC)) on regulated and licensed trading platforms; and (b) subscribing to Hong Kong compliant virtual asset funds (i.e. fund managers are granted A virtual asset fund that is authorized to engage in Type 9 regulated activities under the Securities and Futures Ordinance and is approved to invest more than 10% of the total asset value of the investment portfolio in virtual assets or indirectly invest in virtual assets). The board of directors believes that investing in the field of cryptocurrency and virtual assets is in line with the group’s strategic goal of actively deploying in the Web3.0 business field, will enable the group to better adapt to changing market conditions, and will help the group’s business transform from traditional financial industry to innovative finance. and the positive transformation of technology and finance.