Huaxing Capital plans to invest $100 million to develop WEB3 and digital asset business.

[Coin World][Huaxing Capital announces the appointment of new independent non-executive directors and fully enters the digital money field] Huaxing Capital Holdings Limited (stock code: 1911) issued two announcements regarding personnel adjustments and major business strategies. On the personnel side, with the approval of the board of directors, Mr. Frank Fu Kan was appointed as an independent non-executive director and a member of the company’s audit committee, remuneration committee, and nomination committee, while Ms. Chen Jiali was appointed as an independent non-executive director, chairman of the audit committee, and a member of the nomination committee.

At the same time, the board announced that while consolidating Huaxing’s existing business, it will enter the WEB 3.0 and digital asset fields, and has approved a total budget of 100 million USD to be used for the company’s development of WEB 3.0 business and investment in Digital Money assets over the next two years; additionally, the company will increase its investment and development efforts in stablecoins, RWA (Real World Assets), and the entire ecosystem surrounding digital assets, and actively expand the application and upgrade of relevant business licenses.