Edvance International unveils plan on Security Token Offering and Expansion into Digital Asset Management

(Hong Kong – 12 May 2021) A leading cybersecurity company in Hong Kong, Edvance International Holdings Limited (“Edvance International” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 01410.HK), today unveiled plans to raise fund through a proposed security token offering (“Proposed Offering”) and further expand its asset management business to digital assets.

First to tap into Security Token Offering(“STO”) in Hong Kong

Green Radar Holdings Limited, a wholly-owned subsidiary of the Company, is preparing for the Proposed Offering in Hong Kong. The planned proceed from the Proposed Offering will be used to fuel the business expansion and the continuous research and development of its cybersecurity service. Additionally, it will establish the Group’s presence and influence in the emerging financial technology and digital asset market by conducting the first regulated offering of security tokens using blockchain technology in Hong Kong, in accordance with applicable legal and regulatory requirements.

The Group is in the course of consultation with the Securities and Future Comission (“SFC”) and The Stock Exchange of Hong Kong Limtied (“SEHK”) regarding to the Proposed Offering, which is expected to be offered to professional investors only.

As the adoption of digital assets and blockchain technology become more prevalent in capital markets and fintech in general, the Group is confident in the prospects of STO becoming more widely adopted as a mean of raising fund in Hong Kong. It also echoes the Company’s blueprint to take on a leadership position in developing the digital asset ecosystem, and branch into the development of the STO market.

Expand Presence in Virtual Asset Management

In addition, Axion Global Asset Management Limited (“AGAM”), a subsidiary of the Company, and a licensed intermediary to carry out Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) activities, is planning to expand its business to act as a Virtual Asset Fund Manager and a Virtual Asset Fund Distributor. AGAM is committed to complying with all applicable requirements, including the Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets issued by the SFC. The Company believes this is another crucial step in effecting the Group’s strategy in shaping the digital asset ecosystem in Hong Kong.

Mr. Raymond Liu, Chairman and Group CEO of Edvance International commented, “The proposed STO sets out our first step in realizing the potential in digital assets. We believe that blockchain technology will be pervasive in the future of capital markets and are making investments to capture the massive potential and business opportunities deriving from the flourishing digital assets industry.”

Looking forward, Mr. Liu continued, “Leveraging our experience in cybersecurity and technology knowhow, I believe the Group is uniquely positioned to grow our fintech and digital asset management business. We are optimistic with the prospects and returns it will bring for our investors in the long run.”