International Business Settlement (00147.HK) intends to establish a joint venture to engage in cryptocurrency-related businesses.

Wisdom Finance and Economics APP News, International Business Settlement (00147.HK) announced that on August 8, 2025, the company's wholly-owned subsidiary Cheng Tai and Mr. Chen Sanming signed a joint venture agreement to establish a joint venture enterprise. After registration and establishment, the joint venture enterprise will be owned by Cheng Tai and Mr. Chen Sanming with 70% and 30% equity respectively. The joint venture enterprise will mainly engage in encrypted asset related business.