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    1611   VGG4671J1012

HUOBI TECHNOLOGY HOLDINGS LIMITED

(1611)
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Huobi Technology : VOLUNTARY ANNOUNCEMENT - BUSINESS UPDATE

05/04/2021 | 07:17am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HUOBI TECHNOLOGY HOLDINGS LIMITED

火幣科技控股有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock code: 1611)

VOLUNTARY ANNOUNCEMENT

BUSINESS UPDATE

This announcement is made by Huobi Technology Holdings Limited (the "Company" and, together with its subsidiaries, the "Group") on a voluntary basis and aims to update the shareholders of the Company (the "Shareholders") and potential investors on the latest business development of the Group.

The board (the "Board") of directors (the "Director(s)") of the Company is pleased to inform the Shareholders and potential investors that application for registration as a trust company under section 78(1) of the Trustee Ordinance (Cap.29 of the Laws of Hong Kong) by Huobi Trust Company Limited (the "Huobi Trust"), a company incorporated in Hong Kong and an indirectly wholly-owned subsidiary of the Company, was approved by the Registrar of Companies and a Certificate for Registration under the Trustee Ordinance was issued to Huobi Trust on 29 April 2021.

- 1 -

Huobi Trust has not yet commenced to provide trust services as at the date of this announcement. The Company will update the Shareholders and potential investors on its future business developments in its trust services.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

HUOBI TECHNOLOGY HOLDINGS LIMITED

Li Lin

Executive Director

Hong Kong, 4 May 2021

As at the date of this announcement, the Board comprises (1) Mr. Li Lin as executive Director; and (2) Mr. Duan Xiongfei, Mr. Yip Wai Ming and Mr. Ngai Matthew Cheuk Yin as independent non-executive Directors.

- 2 -

Disclaimer

Huobi Technology Holdings Ltd. published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 11:16:03 UTC.


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Financials
Sales 2020 277 M 35,6 M 35,6 M
Net income 2020 -32,6 M -4,19 M -4,19 M
Net cash 2020 45,0 M 5,79 M 5,79 M
P/E ratio 2020 -40,3x
Yield 2020 -
Capitalization 3 108 M 400 M 400 M
EV / Sales 2019 4,33x
EV / Sales 2020 4,61x
Nbr of Employees 626
Free-Float 29,7%
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Managers and Directors
Lin Li Chairman & Chief Executive Officer
Li Zhang Chief Financial Officer
Ruobing Zhao Chief Operating Officer
Yan Lin Sun Compliance Director
Xiong Fei Duan Independent Non-Executive Director
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