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    1611   VGG4671J1012

HUOBI TECHNOLOGY HOLDINGS LIMITED

(1611)
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Huobi Technology : VOLUNTARY ANNOUNCEMENT - BUSINESS UPDATE

08/23/2020 | 08:10pm 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", 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 announce that, on 19 August 2020, Huobi Wallet Hong Kong Limited ("Huobi Wallet"), an indirectly wholly owned subsidiary of the Company, was notified by the Registry for Trust and Company Service Providers of Companies Registry of Hong Kong that, the application of Huobi Wallet for a trust or company service provider license was approved and the trust or company service provider license was granted to Huobi Wallet under section 53G of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615.

Huobi Wallet has not commenced to provide trust or company services as of the date of this announcement.

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

Lan Jianzhong

Executive Director

Hong Kong, 24 August 2020

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

Disclaimer

Pantronics Holdings Ltd. published this content on 24 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2020 00:10:10 UTC


© Publicnow 2020
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Financials
Sales 2020 277 M 35,6 M 35,6 M
Net income 2020 -32,6 M -4,20 M -4,20 M
Net cash 2020 45,0 M 5,79 M 5,79 M
P/E ratio 2020 -40,3x
Yield 2020 -
Capitalization 4 110 M 529 M 529 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
NameTitle
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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