RUIHE DATA (03680) plans to expand its sources of revenue by engaging in cryptocurrency business.

RUIHE DATA (03680) announces that, in order to diversify the income sources of the group, the group plans to carry out cryptocurrency business through the services provided by Bitmain (www.bitmain.com) as a service provider, specifically in the form of cloud mining services. According to the board of directors, the service provider and its ultimate beneficial owners are independent third parties of the company. By paying service fees to the service provider, the group will receive mining rewards allocated by the service provider at agreed intervals. According to the group's accounting policies, income from cryptocurrency business will be recognized when the group's right to receive cryptocurrency has been established, economic benefits associated with the cryptocurrency are likely to flow into the group, and the amount of cryptocurrency can be reliably measured. Therefore, the group's management believes that through this diversification measure, the group will obtain additional sources of income in the future. The board of directors believes that bitcoin mining, as an independent business segment, can provide the group with opportunities in the digital asset and emerging technology sectors that are different from traditional operating and investment models. In the current environment of increased macroeconomic uncertainty, such business has strategic value. Additionally, this business not only has high return potential but also promotes the group's involvement in blockchain and digital asset innovation, establishing the company's forward-looking positioning in line with the policies of the Hong Kong Special Administrative Region government. The service provider is a leading global manufacturer of digital currency mining machines, maintaining a global market share and technological leadership position for a long time. The business covers over 100 countries and regions, with branch offices in Hong Kong, the United States, Malaysia, the United Arab Emirates, Lithuania, Paraguay, and other locations. By outsourcing bitcoin mining business to the service provider, the group can transfer some risks and responsibilities, avoiding significant upfront capital investment in mining hardware, infrastructure, and maintenance costs, thereby converting capital expenditures into more manageable operating expenses. This arrangement reduces operational complexity and risk exposure such as hardware failures, energy management, and technological challenges. More importantly, the group can flexibly adjust the mining scale according to demand without being limited by fixed assets. According to the terms of the service agreement, the group also has the right to purchase mining machines in order to directly control mining operations and hardware when necessary. With the rapid development of the digital economy and virtual asset industry in Hong Kong, the group's expansion of cryptocurrency business aligns well with this trend and the future direction of financial technology development.