HAO TIAN INTL (01341) purchased a total of 646 units of Ethereum as of October 23rd.

HAO TIAN INTL (01341) announced that as of the date of this announcement, the company has purchased a total of 646 units of Ether through open market transactions, with a total cost of approximately $2.71 million (excluding transaction costs). The cost of the acquisition is determined based on the buying and selling prices of Ether in the open market and funded by the group's own internal resources generated in the normal course of business. The announcement states that the Board of Directors has observed that with the continuous development and widespread application of blockchain technology, the use of cryptocurrencies on social platforms (especially decentralized social networks) is becoming increasingly diverse and widespread. As a mainstream cryptocurrency, Ether has not only received legal support under the Hong Kong Stablecoin Regulations, but also recognition under the US Stablecoin National Innovation Act, with its compliance endorsed by the world's two major financial markets. In addition, more and more service providers are offering virtual asset trading services, making it easier for the general public to access cryptocurrencies. Therefore, it is expected that the trading volume of cryptocurrencies will continue to grow in the near future. In view of the above, the Board of Directors believes that Ether has potential for appreciation overall.