CR Holdings' HuaXing New Economy Fund's invested company, Circle, successfully landed on the New York Stock Exchange, achieving a milestone as the first stablecoin company to go public globally.

CR HOLDINGS (01911) announced that the company it manages, Huaxing New Economy Fund, successfully listed Circle Internet Group ("Circle") on the New York Stock Exchange with the stock code CRCL, marking the first IPO in the global stablecoin industry. Circle is one of the world's largest and most widely used stablecoin network operators, focusing on its US dollar-denominated stablecoin USD Coin (USDC). Since its establishment in 2013, Circle has provided services including stablecoin infrastructure, digital finance and reserve management infrastructure, blockchain technology solutions, and developer service platforms and tools, with USDC at its core. Huaxing New Economy Fund invested in Circle in 2018, demonstrating the team's optimism about the future development of the digital assets industry and their high recognition of Circle's industry-leading position. The listing of Circle also demonstrates the deep research capabilities and forward-looking strategic investment vision of the group and Huaxing New Economy Fund management team. The group continues to be bullish on the development of blockchain technology and is actively exploring opportunities in Web3.0 and cryptocurrency asset industries to lead the development in innovative technology frontiers, and is committed to becoming a leader in Web3.0 investment banking. The company hereby extends warm congratulations to Circle Internet Group on its listing.