BOYAA (00434) and Xinhuo Technology establish a strategic partnership to jointly explore the development opportunities of the Web3 ecosystem.

BOYAA (00434) announced that the company has established a strategic partnership with SINOHOPE TECH Limited in September 2024. The group will further explore cooperation in the Web3 ecosystem based on compliance frameworks to expand development opportunities in the Web3 ecosystem. SINOHOPE TECH will provide the group with a digital asset compliance management plan and Web3 related technical solutions. SINOHOPE TECH is listed on the HKEX main board with stock code 1611.HK. It primarily provides technology solutions services and various services in the virtual asset ecosystem such as asset management, trust and custody services, and cryptocurrency trading. SINOHOPE TECH focuses on digital asset compliance and financial infrastructure, with its subsidiary SINOHOPE Asset Management (Hong Kong) Limited holding licenses from the Hong Kong Securities and Futures Commission for Type 1, Type 4, and Type 9, making it the first licensed institution in Hong Kong to provide full-service virtual asset management. Additionally, its subsidiary SINOHOPE Trust Limited holds a TCSP trust license issued by the Hong Kong Companies Registry. SINOHOPE TECH has strong advantages and extensive experience in blockchain technology, financial technology, other innovative technology fields, and compliant digital asset management capabilities. The board of directors of the group believes that this strategic partnership will play a crucial role in supporting the group's implementation of the Web3 strategic transformation. The technical strength and industry resources of SINOHOPE TECH can further promote the group's business development and layout in the Web3 field. The group will deepen its involvement in the Web3 field, leveraging its rich experience in the internet gaming industry and the development opportunities brought by the new Web3 policies in Hong Kong, aiming to establish the company as a pure and leading Web3 gaming ecosystem company.