A joint venture company called VICTORY SEC (08540) has been issued a license to operate a virtual asset platform.

VICTORY SEC (08540) announcement that a joint venture company under the group, Victory Digital Technology Limited (Victory Digital Technology), has received a license from the Securities and Futures Commission (SFC) to conduct regulated activities under the Securities and Futures Ordinance, specifically Type 1 (securities trading) and Type 7 (providing automated trading services); as well as a license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AML/CFT) to provide virtual asset services related to operating a virtual asset exchange under section 53ZRK of the AML/CFT Ordinance. The SFC has approved the licenses, subject to compliance with certain conditions imposed by the SFC. Given the rapid development of virtual asset-related businesses in Hong Kong in recent years with government support, the Board believes that the operation of a virtual asset trading platform by Victory Digital Technology after obtaining regulatory approval aligns with the group's strategy to provide more diversified services to customers, create opportunities for synergies among the group's various business lines, and add value to the group. In addition, following the issuance of licenses to Victory Digital Technology, the group has become one of the few market participants under the SFC's comprehensive regulatory framework for the virtual asset ecosystem. The Board expects the virtual asset business segment to bring more business opportunities, expand further, and create new sources of revenue for the group.