Core Viewpoint - The company, Jingwei Tiandi (02477), has appointed new executives to enhance its operations in the cryptocurrency payment sector, which is expected to create more business opportunities and benefit shareholders [1] Group 1: Executive Appointments - Jingwei Tiandi has appointed Li Ke as the Chief Technology Officer and Zhang Xiaolong as the Chief Operating Officer, effective from November 21, 2025 [1] - Li Ke will be responsible for the technical strategy of the stablecoin payment platform and mobile applications, focusing on the security and scalability of blockchain and wallet infrastructure [1] - Zhang Xiaolong will oversee the daily operations of the stablecoin payment platform and mobile applications, ensuring smooth fiat currency inflow and outflow channels and compliance with business operations [1] Group 2: Business Development - In July 2023, Jingwei Tiandi announced its entry into the cryptocurrency payment field, launching its first mobile application "Fopay" on July 21 [1] - "Fopay" is developed based on the stablecoin cryptocurrency payment concept, providing a one-stop payment platform, currently offering stablecoin custody and prepaid card payment functions through several licensed partners [1] - The board of directors believes that the launch of "Fopay" and this new business segment will explore more opportunities for the company and be beneficial for the company and its shareholders [1]

Core Viewpoint - The company, Jingwei TianDi (02477), has appointed new executives and is expanding into the cryptocurrency payment sector, which has positively impacted its stock price. Group 1: Executive Appointments - Jingwei TianDi has appointed Li Ke as the Chief Technology Officer and Zhang Xiaolong as the Chief Operating Officer, effective from November 21, 2025 [1] - Li Ke will be responsible for the technical strategy of the stablecoin payment platform and mobile applications, focusing on the security and scalability of blockchain and wallet infrastructure [1] - Zhang Xiaolong will oversee the daily operations of the stablecoin payment platform and mobile applications, ensuring smooth fiat currency transactions and compliance in business operations [1] Group 2: Business Expansion - In July, Jingwei TianDi announced its entry into the cryptocurrency payment field and launched its first mobile application, "Fopay," on July 21 [1] - "Fopay" is developed based on the stablecoin cryptocurrency payment concept and offers a one-stop payment platform, currently providing stablecoin custody and prepaid card payment functions through several licensed partners [1] - The board of Jingwei TianDi believes that the launch of "Fopay" and this new business segment will explore more opportunities for the company and benefit its shareholders [1]

Core Insights - The "Hong Kong FinTech Week 2025" took place from November 3 to 4, attracting over 700 exhibitors, 800 speakers, and 37,000 attendees, highlighting its status as a leading fintech event in Asia [1] - Zhejiang Hengfeng International Holdings Limited showcased its two listed companies, Fopay and Hengfeng Technology Innovation, focusing on cross-border digital payments and on-chain asset management infrastructure [1][2] Group 1: Fopay's Presentation - Fopay's theme was "Cross-border without boundaries, instant payment - Accelerating the free flow of digital assets," featuring an immersive cross-border remittance experience area that drew significant attendee interest [1] - The experience area quickly became popular, with long queues forming as participants were eager to try Fopay's newly launched high-speed cross-border remittance feature [1] Group 2: Hengfeng Technology Innovation's Focus - Hengfeng Technology Innovation's exhibition centered on "Connecting all things, building a new future of wealth," targeting institutional investors and corporate clients with its on-chain asset management concepts [2] - The CEO indicated efforts to combine traditional asset allocation models with blockchain technology to provide compliant and transparent on-chain fund solutions for institutional clients [2] Group 3: Strategic Collaboration - Hengfeng International's strategic leader emphasized the synergy between Fopay and Hengfeng Technology Innovation, proposing a "payment + asset management" dual-engine solution [2] - Fopay focuses on creating compliant and low-friction channels for cross-border payments, while Hengfeng Technology Innovation explores feasible paths for on-chain asset management, collectively providing practical cases for digital finance within a compliance framework [2]

Group 1 - The company has completed the acquisition of 80% of Hwabao Trust Limited, a company registered under Hong Kong law, which holds a TCSP license, enhancing its service capabilities for Fopay users [1] - Following the acquisition, Fopay will launch two new features: cross-border transfers and QR code payments, aimed at providing a more efficient and cost-effective payment experience for local users in selected markets [1] - The board believes that the acquisition aligns with the overall interests of the company and its shareholders [1] Group 2 - The company will continue to explore new investment and business opportunities for sustainable growth and long-term shareholder returns, including expanding Fopay's service offerings [2] - Compliance with applicable laws and regulations in target jurisdictions is crucial, and the company will ensure that any new investments and service expansions through Fopay adhere to these legal requirements [2] - The company may collaborate with qualified service providers or business partners, or obtain necessary licenses through acquisitions to ensure compliance [2]

Core Insights - The company has completed the acquisition of 80% of Hwabao Trust Limited, enhancing its service capabilities for Fopay users [1] - Fopay is set to launch two new features: cross-border transfers and QR code payments, aimed at improving user experience in selected markets [1] - The company is committed to exploring new investment and business opportunities for sustainable growth and shareholder returns [2] Group 1 - The acquisition of Hwabao Trust Limited allows the company to provide seamless services to Fopay users through the TCSP license [1] - The new features of Fopay will leverage stablecoin for instant settlement, low costs, and high transparency, enhancing payment efficiency for local users [1] Group 2 - The company will continue to assess compliance with applicable laws and regulations in target jurisdictions for any new investments and business developments [2] - The expansion of Fopay's services will include partnerships with qualified service providers and may involve obtaining necessary licenses or acquisitions [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 自願公告 業務更新 收購TCSP持牌公司及推出FOPAY新功能 本公告由經緯天地控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願發佈，以向本 公司股東及潛在投資者提供有關本集團的最新業務發展情況。 茲提述本公司日期為2025年5月28日、2025年7月21日及2025年7月31日之公告，內容有關發 展支付服務及金融科技業務分部，包括（其中包括）於2025年7月21日發佈首款移動應用程式 「Fopay」（「Fopay」），該應用程式旨在提供一站式支付（包括穩定幣加密支付）科技平台。 董事（「董事」）會（「董事會」）欣然宣佈，於2025年9月30日，本集團已完成向多名個人（不屬本公 司關連人士（定義見香港聯合交易所有限公司證券上市規則（「上市規則」））的獨立第三方）收購 （「收購事項」）Hwabao Trust Limited（「目標公司」）全部已發行股本的80%。目標公司為一間根 據香港法例註 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 WellCell Holdings Co., Limited （於開曼群島註冊成立的有限公司） 經緯天地控股有限公司 （股份代號：2477） 有關 業務更新自願公告 的補充公告 茲提述經緯天地控股有限公司（「本公司」）日期為2025年7月21日的公告（「該公告」），內容有關 推出本公司自主開發的全球穩定幣貨幣支付平台之業務更新自願公告。除另有所指外，本公 告所用詞彙與該公告所界定者具有相同涵義。 經緯天地新世紀已與主要託管人和卡片發行合作夥伴簽訂服務合約，分別為用戶提供資 產託管和預付卡發行服務，主要託管人已與分託管人簽訂服務合約，為用戶的數字資產 提供分託管安排。 主要託管人和分託管人各自擁有由香港公司註冊處發出的香港信託及公司服務提供者牌 照，為用戶提供託管及分託管服務。而卡片發行合作夥伴持有香港海關發出的金錢服務 經營者牌照，可向用戶提供預付卡發行及貨幣服務。 據董事作出一切合理查詢後所深知、全悉 ...

Group 1 - The core viewpoint of the article highlights the surge in interest surrounding stablecoins in Hong Kong, particularly with the upcoming implementation of the "Stablecoin Regulation" on August 1 [1][6] - The company Jingwei Tiandi announced its entry into the crypto payment sector with the launch of its stablecoin payment platform "Fopay," which has led to a significant increase in its stock price, rising over 18% on July 22 and continuing to rise by 4% on July 23 [1][2] - Since its listing in January 2024, Jingwei Tiandi's stock price has increased by over 400%, indicating strong market performance and investor interest [1][2] Group 2 - "Fopay" is a one-stop payment platform based on stablecoin technology, offering services such as stablecoin custody and prepaid card payments through licensed partners, marking Jingwei Tiandi's formal entry into the multi-trillion-dollar crypto payment market [2][3] - The stock price of Jingwei Tiandi experienced a dramatic increase of 87.46% on January 7 following the announcement of a significant share sale to a group of influential investors, which included notable figures from various sectors [3] - The Hong Kong Monetary Authority (HKMA) has indicated that it will only issue a limited number of licenses for stablecoin issuers, with several institutions expressing interest in applying for these licenses, reflecting a cautious but optimistic regulatory approach [6]

Core Viewpoint - The discussion around stablecoins has cooled down, and further measures are needed to prevent market overheating and speculation [1][3][4] Group 1: Market Sentiment and Regulation - The Hong Kong Monetary Authority (HKMA) emphasizes the need for rationality among investors and warns against excessive hype surrounding stablecoins, which could lead to market bubbles [3][4] - The HKMA's president, Yu Weiwen, has previously expressed concerns about the over-excitement in the market and the necessity of a balanced regulatory approach [3][4][9] - The International Bank for Settlements (BIS) has also highlighted the uncertainty regarding the role of stablecoins in future monetary systems, indicating that they have not yet met the necessary criteria to be considered foundational to the monetary system [4][8] Group 2: Market Dynamics and Company Responses - Several companies have seen significant stock price increases due to announcements related to stablecoin initiatives, such as Prostar Energy's investment in HashKey Holdings, which resulted in a 141.38% stock price increase [5][6] - Companies are increasingly interested in applying for stablecoin licenses, but many proposals remain at the conceptual stage without practical applications or risk management capabilities [5][6][9] Group 3: Challenges and Future Outlook - Stablecoins face several challenges, including reliance on high-quality reserve assets, potential for bank runs, and the need for improved security and regulatory frameworks [7][8] - The lack of a unified global regulatory framework for stablecoins poses risks, including regulatory arbitrage and potential threats to macro-financial stability [8][9] - Analysts suggest that the maturation of stablecoins will take time, with a critical window for development expected between 2025 and 2030, during which practical applications and regulatory frameworks will evolve [8][9]

Core Viewpoint - Recently, Jingwei TianDi announced its entry into the cryptocurrency payment sector by launching the stablecoin platform "Fopay," which led to an 18% surge in the company's stock price. This move reflects the strategic ambitions of Zhejiang businessman Qian Fenglei, who is building a Web3 ecosystem and has become the largest shareholder of Jingwei TianDi [1][2][3]. Group 1: Company Developments - On July 21, Jingwei TianDi officially announced its entry into the cryptocurrency payment market and launched the mobile payment application "Fopay," which is based on stablecoin concepts and aims to provide a one-stop payment platform [2][4]. - The company has partnered with several licensed institutions to offer stablecoin custody and prepaid card payment services through "Fopay," which is expected to create more business opportunities for the company and its shareholders [4][5]. - Since its listing in January 2024, Jingwei TianDi's stock price has increased over fourfold, closing at 9.07 HKD per share with a market capitalization of 8.74 billion HKD [5][6]. Group 2: Strategic Investments - Qian Fenglei's investment firm, Hengfeng International, completed a $100 million financing round last year to build the Web3 ecosystem FO.COM, which includes the stablecoin payment platform "Fopay" as a key component [3][11]. - Qian Fenglei has invested over 1 billion HKD in Jingwei TianDi, increasing his shareholding to 29.9%, making him the largest shareholder [3][6]. - The strategic acquisition of shares in Jingwei TianDi aligns with Qian Fenglei's broader goal of establishing a Web3 ecosystem, indicating a significant shift in the company's business direction [6][7]. Group 3: Market Context - The stablecoin market is experiencing heightened interest, particularly following the successful IPO of Circle, which saw a nearly 170% increase on its first day of trading [13]. - The competition for stablecoin licenses is intensifying, with several companies, including Ant Group and JD.com, actively seeking to enter the market as regulations evolve [15][16]. - The upcoming implementation of Hong Kong's stablecoin regulations is expected to further fuel competition, as only a limited number of licenses will be issued, creating a "supply-demand" imbalance [15][17].