IB SETTLEMENT(00147): A joint venture has entered into a sales agreement with Bitmain Technologies and Tecnoenergia Capital for the purchase and sale of cryptocurrency mining hardware and other devices or goods.

IB SETTLEMENT (00147) announcement was made on September 19, 2025 (post-trading hours), confirming the purchase agreement between the buyer Keen Golden Limited (a joint venture with 70% ownership established for cryptocurrency-related businesses) and the sellers Bitmain Technologies and Tecnoenergia Capital for the purchase of cryptocurrency mining hardware and other equipment or products, with a total price (after tax) of approximately 10.9 million US dollars. According to the purchase agreement, the sellers agreed to supply a total of 1863 HASH supercomputing servers, each with a minimum rated power of 358T and rated power of 5,370 watts. Bitmain Technologies and Tecnoenergia Capital are subsidiaries of Bitmain Technologies Ltd., which is the ultimate holding company of the Bitmain group. The group believes that the emerging financial technology industry is one of the innovative factors that will improve global financial services in the future. The group continues to explore various opportunities in the financial technology field, including but not limited to upstream and downstream services related to financial technology and infrastructure projects. In order to implement this development strategy, the company announced the establishment of a joint venture (the buyer) on August 8, 2025 to develop its cryptocurrency-related business. The joint venture plans to conduct cryptocurrency business through Bitcoin mining. The joint venture has identified a cryptocurrency mining hardware supplier (the Bitmain group) and intends to purchase supercomputing servers from the supplier in the next 12 months. The company is currently implementing a cautious strategy to quickly expand its computing capacity using the most efficient hardware available. By entering into a purchase agreement with the top vertically integrated manufacturer Bitmain Technologies Group, the group gains immediate and guaranteed access to the latest cryptocurrency mining technology. In an industry with rapid technological iterations and limited supply chain, this proactive procurement strategy is crucial. This ensures that the company can deploy the latest generation of high-efficiency Application Specific Integrated Circuit (ASIC) miners without enduring long delivery times or bidding pressure. This direct hardware acquisition capability provides a fundamental competitive advantage, solidifying the group's market position and strengthening its long-term computing power and efficiency in the cryptocurrency industry.