Core Viewpoint - SOLOWIN HOLDINGS has joined a consortium to participate in the Project Ensemble Sandbox initiated by the Hong Kong Monetary Authority, focusing on the tokenization of fixed income and investment funds, aiming to enhance Hong Kong's tokenization market [1][8]. Group 1: Company Involvement - SOLOWIN HOLDINGS is one of the first-phase testers in the Project Ensemble Sandbox, which began in August 2024, to explore the application of tokenized currencies and assets [1]. - The company’s subsidiary, Solomon JFZ (Asia) Holdings Limited, is recognized as one of Hong Kong's first regulated virtual asset service providers, offering an integrated platform for traditional and virtual asset trading [6]. Group 2: Industry Collaboration - The consortium includes notable financial institutions such as China AMC (HK), HSBC, Hang Seng Bank, OSL exchanges, and Fosun Wealth Holdings, all collaborating to drive the tokenization market forward [1][4]. - HSBC will act as the tokenization agent and settlement bank, leveraging its expertise to enhance the efficiency of investment fund settlements [3]. Group 3: Strategic Goals - The Project Ensemble aims to establish Hong Kong as a leading global hub for tokenized deposits and assets, promoting innovation in digital investment solutions [8]. - Participants, including SOLOWIN and its partners, are committed to making digital investment opportunities more accessible to a broader audience [9][10].

Core Viewpoint - The Project Ensemble Sandbox aims to explore tokenized investment products in Hong Kong, with multiple financial institutions collaborating to enhance the local tokenization market [2][8]. Group 1: Company Involvement - SOLOWIN HOLDINGS has joined a consortium including China AMC (HK), HSBC, Hang Seng Bank, OSL exchanges, and Fosun Wealth Holdings to participate in the Project Ensemble Sandbox [2]. - Solomon JFZ (Asia) Holdings Limited, a subsidiary of SOLOWIN, is committed to driving innovation in digital investment opportunities through this project [1][4]. Group 2: Project Objectives - The sandbox will initially focus on "Fixed Income and Investment Funds" to explore the application of tokenized currencies and assets [2]. - The initiative aims to contribute to the development of Hong Kong's tokenization market by leveraging the collective expertise of all participants [2][3]. Group 3: Industry Collaboration - Various industry leaders, including HSBC and OSL Exchange, express their commitment to driving innovation and enhancing the efficiency of investment fund settlements through tokenization [9]. - The Project Ensemble is positioned as a vital platform for uniting stakeholders from the financial and Web3 ecosystems to advance the tokenization market [9].

Company Overview - Solowin Holdings (NASDAQ: SWIN) is a Hong Kong-based financial services firm that provides a comprehensive one-stop solution for high-net-worth and institutional investors globally [3] - The company's services include investment banking, wealth management, asset management, and Web3 solutions, catering to the next generation of investors [3] - Solowin's subsidiary, Solomon JFZ, is among Hong Kong's first regulated virtual asset service providers, offering an advanced electronic platform for integrated trading of traditional and virtual assets [3] Research Report Announcement - Solowin Holdings announced the release of a new research report from Diamond Equity Research, aimed at increasing awareness and exposure in the investment community regarding the company's financial services [1] - The report is part of a collaboration with Diamond Equity Research, which focuses on small capitalization companies [1][3] - The research report is accessible through a provided link for interested investors [1]

Core Viewpoint - SOLOWIN HOLDINGS has established itself as a leading player in the virtual asset market by becoming the largest holder of customer assets in multiple ETFs, showcasing its expertise and commitment to regulatory compliance [1][2][3]. Group 1: Company Overview - SOLOWIN HOLDINGS is a securities brokerage company based in Hong Kong, focusing on high-net-worth investors globally and offering a wide range of financial services, including traditional and virtual assets [4]. - The company has experienced robust growth since 2021, primarily through its subsidiary, Solomon JFZ (Asia) Holdings Limited, which is licensed by the Hong Kong Securities and Futures Commission [4]. Group 2: Market Position and Strategy - Solomon has become the largest holder of customer assets in the ChinaAMC Bitcoin ETF and Ethereum ETF, as well as the Harvest Bitcoin Spot ETF, indicating its significant market presence [1][2]. - As a key participating dealer for ChinaAMC and Harvest Global's virtual asset ETFs, Solomon facilitates in-kind subscription and redemption processes, demonstrating its capability in navigating the regulatory landscape [2]. Group 3: Leadership Perspective - The CEO of SOLOWIN, Mr. Thomas Tam, emphasized the company's pivotal role in shaping Hong Kong's virtual asset market and its commitment to innovation and regulatory compliance, which enhances investor confidence [3].

Core Viewpoint - Solowin Holdings has announced a strategic partnership with MaiCapital to enhance virtual asset allocation opportunities for investors, particularly in the context of growing demand for virtual assets in Hong Kong [1][3]. Company Overview - Solowin Holdings is a securities brokerage firm based in Hong Kong, focusing on high-net-worth investors globally, offering a range of financial services from traditional to virtual assets through its platform, Solomon Win [5]. - Solomon JFZ (Asia) Holdings Limited, a subsidiary of Solowin, is licensed by the Hong Kong Securities and Futures Commission (SFC) to trade virtual assets, complementing MaiCapital's capabilities [2][5]. Partnership Details - Under the partnership, Solowin will acquire a 2.47% equity stake in BA Fintech Lab, which operates through MaiCapital, enhancing its position in the virtual asset market [1]. - The collaboration aims to leverage both companies' resources and licenses to maximize synergies and meet the increasing investor demand for virtual assets [2]. Market Context - The partnership is timely, coinciding with the SFC's approval of the first spot virtual asset ETFs, positioning Solomon as one of the three participating dealers for these ETFs [3]. - MaiCapital is recognized for applying traditional institutional investment practices to the virtual asset sector, aiming to provide compliant investment products with positive returns [4]. Investment Strategy - The strategic collaboration is expected to strengthen asset management services for virtual assets, offering investors more options for diversifying their virtual asset allocations [3].

HONG KONG, April 26, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ:SWIN) ("SOLOWIN" or the "Company"), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, today announced that the Company, through its subsidiary, Solomon JFZ (Asia) Holdings Limited ("Solomon"), strengthened the partnership with OSL Digital Securities ("OSL"), the digital asset platform of OSL Group (863.HK) – Hong Kong's only publicly listed company fully dedicated to digital asset ...

HONG KONG, April 16, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ:SWIN) ("SOLOWIN" or the "Company"), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, today announced that Solomon JFZ (Asia) Holdings Limited, its operating subsidiary, has been selected as one of the three participating dealers for Harvest Global's spot Bitcoin and Ethereum ETF in Hong Kong. Harvest Global was one of the just three ETF providers to receive conditional approval f ...

Exhibit 99.1 SOLOWIN HOLDINGS Reports Unaudited Financial Results for The First Six Months of Fiscal Year 2024 Revenue Up 126.4% Year-Over-Year Hong Kong, Mar. 18, 2024 /PRNewswire/ -- SOLOWIN HOLDINGS ("SOLOWIN" or the "Company", or "we") (Nasdaq: SWIN), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, today announced its unaudited financial results for the first six months of fiscal year 2024 ended September 30, 2023. Mr. Shing Tak Tam, Chief Exec ...

Core Viewpoint - SOLOWIN HOLDINGS reported a significant revenue growth of 126.4% year-over-year, achieving $2.64 million in the first six months of fiscal year 2024 despite challenging economic conditions [2][3]. Financial Performance - Revenue increased to $2.64 million for the six months ended September 30, 2023, up from $1.17 million for the same period last year [3][4]. - Income from operations rose to $1.34 million, compared to a loss of $0.25 million in the previous year [3][8]. - Net income improved to $1.25 million, reversing a net loss of $0.20 million from the same period last year [3][10]. - Basic and diluted earnings per share increased to $0.10, up from a loss per share of $0.02 [11]. Revenue Breakdown - Revenue from investment advisory fees grew by 63.3% to $1.56 million [6]. - Asset management income surged by 248.3% to $498,000, driven by increased performance fees [6]. - Referral income reached $550,000, a new revenue stream for the company [6]. Expense Management - Total expenses decreased to $1.30 million from $1.42 million in the previous year, primarily due to lower general and administrative expenses [7]. - Commission and handling expenses fell to $4,000 from $6,000 [7]. Cash Position - Cash and cash equivalents increased by 231.3% to $6.38 million as of September 30, 2023, compared to $1.93 million as of March 31, 2023 [3][12]. Recent Developments - The company completed its IPO on September 8, 2023, raising $8 million, marking a significant milestone in its global expansion [13]. - SOLOWIN announced its entry into the Private Wealth Management sector through a new subsidiary, Solomon Private Wealth Limited, aimed at high-net-worth individuals [13].

Core Insights - SOLOWIN HOLDINGS is expanding into the Private Wealth Management sector through its new subsidiary, Solomon Private Wealth Limited, targeting high-net-worth individuals, family offices, and trusts [1][2] - The company aims to provide a comprehensive suite of wealth management services that include both traditional and virtual asset classes, responding to the increasing demand for high-quality services from investors [2] - A new office has been opened in the International Commerce Center in Hong Kong to support this expansion and enhance the company's financial services infrastructure [2] Company Overview - SOLOWIN HOLDINGS is based in Hong Kong and focuses on high-net-worth investors globally, offering a wide range of products and services through its electronic platform, Solomon Win [3] - The company has shown robust growth since 2021 and operates under its main subsidiary, Solomon JFZ (Asia) Holdings Limited, which is licensed by the Hong Kong Securities and Future Commission [3] - The diversified offerings of the company include Securities Brokerage, Investment Banking, Asset Management, Virtual Assets, and FinTech Services [3]