Huaxing Capital announces the appointment of a new independent non-executive director to fully enter the digital currency field

Odaily Star Daily News Xing Capital Holdings Limited (stock code: 1911) has released two announcements regarding personnel adjustments and major business strategies. At the personnel level, with the approval of the board of directors, Mr. Frank Fu Kan has been appointed as an independent non-executive director, member of the company's audit committee, compensation committee, and nomination committee, and Ms. Kelly Chen has been appointed as an independent non-executive director, chairman of the audit committee, and member of the nomination committee. At the same time, the board of directors announced that while consolidating Huaxing's existing business, it will enter the field of WEB 3.0 and digital assets, and approved a total budget of $100 million for the company to develop WEB 3.0 business and invest in digital currency assets in the next two years; At the same time, the company will increase its investment and development efforts in stablecoins, RWAs (real-world assets), and the entire ecosystem surrounding digital assets, and actively expand the application and upgrading of relevant business licenses.