Xinhuo Technology Subsidiary Wins Two Industry Awards at "2022 TADS Awards

("New Fire Technology", stock code: 1611.HK), a leading one-stop digital asset services platform, has won two awards at the 2022 TADS Awards for its outstanding performance in the industry. New Fire Asset Management (Hong Kong) Limited ("New Fire Asset Management") and New Fire Trust Company Limited ("New Fire Trust") were recognized as "Ecosystem Excellence" and "DeFi" and "DeFi" respectively. DeFi and Asset Management Solutions" and "Supernova" in the "Ecosystem Excellence" category, respectively.

"The TADS Awards, known as the Pass-Through Asset and Digital Securities Awards, are the world's first annual international awards for tokenized assets and digital securities. Bringing together leaders and experts in fintech and financial services from around the world, the awards aim to recognize the outstanding achievements and contributions of individuals and companies in TADS, establish best practices and performance standards, and thereby promote the development of the Web3 industry. In 2022, the awards are divided into three categories: "Best-in-Class TADS," "Ecosystem Excellence" and "NFT Innovation," and are judged by a panel of judges from 12 countries or regions. The awards are judged by judges from 12 countries or regions.

New Fire Technologies has been actively expanding its digital asset business diversification, hoping to provide compliant, professional and efficient services to the market. Its New Fire Trust business is a Hong Kong registered trust company and holds a TCSP license. Its New Fire Capital Management is one of the first fund management companies licensed and recognized by the Hong Kong Securities and Futures Commission to invest 100% in virtual assets. Its strength lies in its license, compliance culture and strict risk management process. Many traditional financial institutions and family offices are interested in allocating a certain percentage of virtual assets in their portfolios, and it is New Fire Capital Management that provides the compliant and safe access.