[28 June 2022, Hong Kong] Recently, Huobi Tech Labs, a subsidiary of Huobi Technology Holdings Limited (“Huobi Tech”, stock code: 1611.HK), has formally entered into a strategic cooperation with the Logistics Investment and Financing Branch of China Communications and Transportation Association (“Logistics Investment and Financing Branch”), in which both parties will fully integrate their resources and advantages to jointly explore and promote the application and development of blockchain-related technologies and maximize the synergy.

According to the strategic cooperation work agreement, Huobi Tech Labs will help Logistics Investment and Finance Branch to realize technology implementation in various application scenarios with the help of its profound technology accumulation in blockchain, Web3.0 and me-taverse infrastructure. In the meantime, the Logistics Investment and Finance Branch, as a leading industrial non-profit organization in the country, will provide advice and assistance for Huobi Tech Labs on the technological applications particularly in transportation and logistics. In addition, the friendly collaboration between the two parties in the blockchain field will also extend to multi-dimensional strategic cooperation, including financing, Merge & Acquisition, technology application development, early-stage incubation, etc.

In recent years, the integration of blockchain technology and transportation industry is increasingly gaining nation’s attention. On January 18, 2022, the State Council issued the “Transportation Network Development in the 14th Five-Year Plan Period (2021-2025)”, which mentions more efforts are needed to adhere to the innovation-driven development, promoting the deep integration of blockchain, internet, big data, artificial intelligence and other new technologies with transportation, promoting the application of advanced technologies and equipment, and building a competitive intelligent transportation system.

To accelerate the industrial application of new technologies, a large amount of incubation and capital support are needed. In order to realize the application of blockchain technology in the transportation field, it is necessary to innovate the investment and financing mode and establish a mechanism of investment and financing for new transportation infrastructure that is effectively guided by the government, dominated by the market, and deeply integrated by financial and industrial capital. The strong alliance between Huobi Tech Labs and Logistics Investment and Financing Branch will promote the integration of blockchain, Web 3.0 technology and transportation logistics industry, and effectively improve the efficiency of industry operations.

About Logistics Investment and Financing Branch

The Logistics Investment and Financing Branch (formerly China Logistics Investment and Financing Alliance) was established on November 10, 2010 as a non-profit organization jointly initiated by China Communications and Transportation Association along with financial institutions, investment banks, venture capitals, private equity funds, securities, law firms, accounting firms from the country and globe. The branch is dedicated to the policy consultation, investment and financing consultation, research, training as well as standard setting in the transportation, logistics and supply chain domain. It is committed to building a bridge between the government, investment institutions and enterprises, and creating a platform for industry communication and cooperation on investment and financing.

About Huobi Tech

Huobi Technology Holdings Limited (“Huobi Tech”, Stock Code: 1611.HK) was listed on the Main Board of the Stock Exchange of Hong Kong Limited in November 2016. Actively developing the blockchain ecosystem and virtual asset ecosystem, Huobi Tech is committed to becoming the leading one-stop compliant virtual asset service platform. Huobi Tech currently offers data centre services, cloud-based services, SaaS, virtual asset management, trust & custody, OTC brokerage, lending, trading platform, strategic investment and M&A, and other related services.