[15 June 2023, Hong Kong] New Huo Technology Holdings Limited (Stock code: 1611.HK, “New Huo Tech”) is proud to be one of the partners of Hong Kong Securities and Investment Institute (HKSI) Case Competition 2023, funding the case study of talented students from higher education institutions (HEIs). Jessica Soong, Deputy Director of Business Development of New Huo Tech, attended the award presentation ceremony and presented the awards to the case winner.

As a responsible corporation, New Huo Tech is committed to nurturing potential industry leaders for fintech industry. Leveraging industry experience and resources accumulated over the years, New Huo Tech brings the latest development and application of blockchain technology to the campus. The winning case titled "The Development and Governance of Virtual Currencies", which presents the virtual asset industry in an all-round and multi-faceted scope covering centralized transactions, decentralized transactions, central bank digital currencies (CBDC), and regulatory licences. Higher education institutions, where the new generation of tech leaders are nurtured, should encourage students to participate in such activities, not only help grow their financial knowledge and investment skills, but also enhance their teamwork and problem-solving skills.

Since its launch in 2004, the Case Competition, has provided the opportunity to more than 800 university students to develop their career in the financial industry. The Case Competition 2023 is open to all full-time undergraduates from 19 eligible higher education institutions in Hong Kong and selected universities in Greater Bay Area.

In future, New Huo Technology will continue to shoulder the responsibility of driving the development of Fintech, continuously contribute to the sustainable development of the financial industry and the growth of future leaders, and continue to deliver in-depth and quality industry information to the general public.

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About New Huo Tech

New Huo Technology Holdings Limited (“New Huo Tech”, Stock Code: 1611.HK) is a leading one-stop digital asset service platform. We are committed to leading traditional finance into digital assets, with professional, compliant, secure, and efficient services. Currently, the Company services cover MPC self[1]custody, virtual asset management, staking technology service, virtual asset custody, OTC desk, lending and SaaS.

New Huo Tech understands the importance of compliance. We have been actively applying for various virtual asset and finance-related licenses in major global markets. Up to now, New Huo Tech’s subsidiaries have successfully obtained: (i) approval from the Securities and Futures Commission of Hong Kong to conduct Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities and to manage portfolios that invest 100% in virtual assets; (ii) obtained a Trust or Company Service Provider (“TCSP”) License (Hong Kong) and registered as a Trust Company in Hong Kong; (iii) registered the Money Services Business (MSB) from the Financial Crimes Enforcement Network (FinCEN) in the United States.

Company Website：www.newhuotech.com

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