Group 1 - New Fire Technology Holdings (01611) saw its stock rise over 6% in the morning, currently trading at 6.85 HKD with a transaction volume of 20.69 million HKD [1] - On August 26, Mr. Weng Xiaoqi was appointed as the Executive Director and CEO, along with key executives from Huobi, including CTO Guo Wenbin and CFO Zhang Li [1] - Mr. Weng delivered a keynote speech on August 27, outlining the company's strategic upgrade and global strategy, introducing the new executive team, and announcing major initiatives such as the "Star Map Plan" and a 500 million USD DAT special plan [1] Group 2 - Guojin Securities reported that on June 29, New Fire Technology announced a private placement to five investors, raising 270 million HKD, which will result in a 28.34% stake [2] - 46% of the raised funds will be used for business development and expansion, with approximately 93.6 million HKD allocated for the Hong Kong VATP licensing plan and about 31.2 million HKD for upgrading the current license and supporting other regional virtual asset license applications or acquisitions [2] - The company has completed the acquisition of over 50% of the Japanese compliant exchange BitTrade, which will result in an indirect ownership of 92.31% [2] - Plans are in place to obtain licenses in Singapore, the UAE, and potentially Europe [2]

Group 1 - New Fire Technology Holdings (01611) experienced a stock price increase of over 6% and is currently trading at 6.85 HKD with a transaction volume of 20.69 million HKD [1] - On August 26, Mr. Weng Xiaoqi was appointed as the Executive Director and CEO, along with key executives from Huobi, including CTO Guo Wenbin and CFO Zhang Li [1] - A strategic upgrade was announced by Mr. Weng on August 27, introducing the "Star Map Plan" and a significant "5 billion USD DAT Special Plan" as part of the company's global strategy [1] Group 2 - Guojin Securities reported that on June 29, New Fire Technology announced a private placement to five investors, raising 270 million HKD, which will be used for business development and expansion [2] - 46% of the raised funds will be allocated to the group's business development, with approximately 93.6 million HKD designated for the VATP licensing plan in Hong Kong [2] - The company has completed the acquisition of over 50% of BitTrade, a compliant exchange in Japan, and plans to obtain licenses in Singapore, UAE, and Europe [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 新火科技控股有限公司 呈交日期: 2025年9月1日 截至月份: 2025年8月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01611 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 700,000,000 | HKD | | 0.001 | HKD | | 700,000 | | 增加 / 減少 (-) | | | 200,000,000 | | | | HKD | | 200,000 | | 本月底結存 | | | 900,000,000 | HKD | | 0.001 | HKD | | 900,000 ...

Core Viewpoint - New Fire Technology Holdings (01611) has seen a significant stock price increase following the announcement of a new CEO and strategic initiatives aimed at global expansion and business upgrades [1] Company Developments - New Fire Technology announced the appointment of Mr. Weng Xiaoqi as Executive Director and CEO effective from August 26, 2025 [1] - Mr. Weng made his public debut at the "Hong Kong Blockchain Summit and New Fire Technology Strategic Launch Conference" on August 27, where he presented the company's upgraded business landscape and global strategy [1] - The company introduced major initiatives including the "Star Map Plan" and a $500 million DAT Special Plan [1] Leadership Background - Mr. Weng Xiaoqi is recognized as a leading figure in the cryptocurrency industry, possessing a unique combination of technical expertise, compliance experience, and strategic vision [1] - He previously served as CEO of Huobi Global from 2018 to 2021, navigating the cryptocurrency market through its cycles [1] - In 2023, he took on the role of CEO at HashKey Exchange, overseeing the establishment and launch of the exchange [1] - Alongside Mr. Weng, key executives from Huobi, including former CTO Guo Wenbin and CFO Zhang Li, have joined New Fire Technology, marking a significant return of a "full Chinese team" [1]

Core Viewpoint - New Fire Technology Holdings (01611) has seen a significant stock price increase following the announcement of a strategic upgrade and new executive appointments, indicating positive market sentiment towards the company's future direction and leadership [1] Group 1: Executive Changes - Mr. Weng Xiaoqi has been appointed as the Executive Director and CEO effective from August 26, 2025 [1] - The new leadership team includes former Huobi executives such as CTO Guo Wenbin and CFO Zhang Li, marking a significant return of experienced professionals to the company [1] Group 2: Strategic Initiatives - During the "Hong Kong Blockchain Summit and New Fire Technology Strategic Release Conference," Mr. Weng introduced the company's upgraded business landscape and global strategy [1] - The company announced major initiatives including the "Star Map Plan" and a $500 million DAT Special Plan, which are part of its strategic upgrade [1] Group 3: Leadership Background - Mr. Weng Xiaoqi is recognized as a leading figure in the cryptocurrency industry, possessing a unique combination of technical expertise, compliance experience, and strategic vision [1] - He previously served as CEO of Huobi Global from 2018 to 2021 and later as CEO of HashKey Exchange, overseeing the establishment of the exchange [1]

Group 1 - New Fire Technology aims to become a "Goldman Sachs of the crypto industry" under the leadership of CEO Weng Xiaoqi, who has extensive experience in the crypto market [1][2] - The company is not looking to replicate Huobi's model but to surpass it, focusing on high-net-worth clients and providing private banking-level services [2][4] - New Fire Technology's strategy includes a shift from a heavy asset model to a lighter service model, targeting clients with over 10 million HKD in assets [4][5] Group 2 - The company plans to establish a $500 million Digital Asset Treasury (DAT) fund to facilitate corporate investments in digital assets, making it easier for traditional investors to enter the crypto space [6][8] - New Fire Technology has signed strategic partnerships with various institutions to create a comprehensive ecosystem that includes asset management, custody, and trading services [5][6] - The company aims to leverage its unique service model and regulatory licenses to fill the gap in high-net-worth client services in Asia, where existing players lack tailored offerings [7][8] Group 3 - New Fire Technology's current price-to-sales ratio is 0.5, significantly lower than Galaxy Digital's 3, indicating potential for growth [8] - The company is focused on achieving rapid growth through resource optimization and plans to prove the viability of its lightweight service model within 12 months [8][9] - Compliance is viewed as the only path forward for crypto finance, with New Fire Technology actively pursuing various regulatory licenses to establish a robust compliance framework [9]

Core Viewpoint - New Fire Technology aims to redefine its business model in the cryptocurrency sector, aspiring to become a "Goldman Sachs of the crypto industry" while differentiating itself from its predecessor, Huobi [1][2]. Group 1: Company Strategy - New Fire Technology is focusing on high-net-worth clients, offering private banking-level services rather than replicating Huobi's exchange model [4][5]. - The company plans to provide comprehensive services including account opening, asset management, and family trust establishment, targeting clients with assets over 10 million HKD [4][5]. - A strategic partnership has been established with various institutions to create an ecosystem that integrates asset management, custody, and trading [5]. Group 2: Market Positioning - The firm is positioning itself as a digital asset custodian, addressing the gap in traditional private banking's capability to manage crypto assets [5][6]. - New Fire Technology has announced a $500 million Digital Asset Treasury (DAT) fund to facilitate corporate investments in cryptocurrencies, aiming to simplify the entry for traditional investors [6][8]. - The company is leveraging its unique service model and regulatory licenses to attract high-net-worth clients in Asia, where existing players have not fully addressed their needs [7][9]. Group 3: Growth Potential - New Fire Technology's revenue is projected to grow significantly, with a forecasted 427% year-on-year increase by mid-2024, despite currently not being profitable [8]. - The company aims to achieve a valuation comparable to Galaxy Digital within three years, focusing on compliance and a lightweight service model to drive growth [8][9]. - The firm has already secured multiple regulatory licenses and is planning further expansions into markets like Singapore and Europe [9].

英屬處女群島領地 《英屬處女群島商業公司法》（經修訂） 股份有限公司 Sinohope Technology Holdings Limited 新火科技控股有限公司 （經修訂）自動重新註冊 於二零一六年一月二十五日終止應用《英屬處女群島商業公司法》 （經修訂）附表2第IV部 （經日期為二零二五年八月二十六日股東特別大會會議記錄修訂及重述， 並於二零二五年八月二十六日備案） – 1 – 英屬處女群島領地 《英屬處女群島商業公司法》 （經修訂）股份有限公司 之 經修訂及重述的 組織章程大綱及細則 於一九九零年十二月二十七日註冊成立 於二零零七年一月一日根據《英屬處女群島商業公司法》 Sinohope Technology Holdings Limited 新火科技控股有限公司 之 經修訂及重述的 組織章程大綱 – 2 – 1 本公司名稱為Sinohope Technology Holdings Limited。本公司除該名稱外 擁有外文名稱。本公司外文名稱為新火科技控股有限公司。 2 本公司是一家股份有限公司。 3 本 公 司 於 一九九 零 年 十 二 月 二 十 七 日 根 據《 一 九 八 四 年 國 際 ...

Core Insights - The establishment of the "Hong Kong Digital Asset Listed Companies Association" marks a significant step in promoting digital assets in Hong Kong, with participation from over 80 listed companies and financial institutions [1][2] - The Hong Kong government is committed to fostering innovation in financial technology, with over 1,100 fintech companies operating in the region and a 15% annual growth rate [1][2] Group 1: Government Initiatives - The Hong Kong government plans to regularize the issuance of green bonds and explore tokenization applications in various sectors, including renewable energy [2] - A funding program has been launched to support projects with commercial potential, offering up to HKD 500,000 for tokenization certification and commercialization [2] Group 2: Participating Companies - A list of participating companies includes notable H-shares such as Guofu Quantum, China New Economy Investment, and Huya Capital, among others [3] - A-share participants include Zhaoxin Co. and Jingbeifang, while US-listed companies include Galaxy Digital and Amber [4]

Group 1 - The company announced the appointment of Mr. Weng Xiaoqi as the Executive Director effective from August 26, 2025 [1] - Mr. Du Jun has been reassigned from Executive Director to Non-Executive Director [1] - Mr. Du Jun has resigned from the position of Chief Executive Officer and Authorized Representative, while Mr. Weng Xiaoqi has been appointed as the Chief Executive Officer and Authorized Representative [1]