Formation of a Joint Venture Company - Form 6-K

Formation of a Joint Venture Company

On October 29, 2021, Dragon Victory International Limited, an exempted company incorporated and existing under the laws of the Cayman Islands (the "Company"), through its indirect wholly owned subsidiary, Meta Rich Limited, a British Virgin Islands business company ("Meta Rich"), together with Antalpha Technologies Limited, a British Virgin Islands business company ("Antalpha"), formed Metalpha Limited, a British Virgin Islands business company ("Metalpha"). Antalpha is a wholly owned subsidiary of Antpool Technologies Holding Company, which is one of the largest Bitcoin mining pools in the world by hashrate. Meta Rich holds 51% of the equity interests in Metalpha and Antalpha holds 49%. The parties plan to invest an aggregate of $4 million in Metalpha, with Meta Rich and Antalpha contributing $2.04 million and $1.96 million, respectively. Metalpha was formed with a goal of providing most suitable derivative products for investors with different risk demand, targeting miners and institutions. The joint team intends to build a leading crypto derivative trading house using proprietary derivative trading platforms and technology.

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