On October 22, 2025, New Huo Technology Holdings Limited (referred to as "New Huo Technology" or the "Company", stock code: 1611.HK) announced that, based on the firm confidence in the Company's future development prospects and full recognition of its long-term investment value, the Company granted a total of 18,802,500 share options to its core team, including Mr. Weng Xiaoqi, an Executive Director and the Chief Executive Officer of New Huo Technology, on October 22, 2025.
The exercise price for the granted share options is HK$4.64 per share. This price strictly complies with the requirements of the Hong Kong Stock Exchange Listing Rules, being determined as the higher of the closing price on the date of grant and the average closing price shown in the daily quotations issued by the Exchange for the five business days immediately preceding the date of grant.
In this grant of share options, Mr. Weng Xiaoqi was granted 7,521,000 share options, reflecting the new core management's recognition of the investment value of the current share price and their firm confidence in the Company's strategic direction and development potential. Concurrently, the Company granted the remaining 11,281,500 share options to other key employees, establishing an interest-sharing mechanism that aligns the core team with the Company's long-term value growth.
The share options are valid for ten years from the date of grant, establishing a long-term incentive mechanism. The vesting period is set for three years with phased vesting and is closely linked to the grantees' performance, reflecting both the long-term nature of the incentive and ensuring the alignment of the team's interests with the Company's performance growth.
This grant of share options is an important initiative by New Huo Technology to improve its talent incentive system and deepen its profit-sharing mechanism. By deeply aligning the interests of the core team with the Company's long-term development, it further stimulates the team's creativity and cohesion, creating sustained value for shareholders.
This grant of share options has been approved by the Company's independent non-executive directors in accordance with the Listing Rules and is in the overall interests of the Company and its shareholders.
Moving forward, New Huo Technology will continue to adhere to the philosophy of "Compliant Operations, Steady Development," continuously improve corporate governance, strengthen core competitiveness, seize opportunities in the digital economy, and create better returns for investors.
New Huo Technology is a company listed on the Main Board of the Hong Kong Stock Exchange. Its subsidiary, New Huo Asset Management (Hong Kong) Limited, holds Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) licenses issued by the Hong Kong Securities and Futures Commission. It is the first licensed institution in Hong Kong to provide discretionary account management services for virtual assets and is approved to manage portfolios with 100% investment in virtual assets. Another subsidiary, New Huo Trust Limited, holds a Trust or Company Service Provider (TCSP) license issued by the Hong Kong Companies Registry. New Huo Technology acquired the Japanese compliant exchange BitTrade in 2025, accelerating its global market layout.
New Huo Technology is dedicated to building a "Private Banking-level Digital Asset Steward," pioneering steward-style cryptocurrency buying services. It provides high-net-worth clients with comprehensive digital asset services covering fiat currency deposits, discounted cryptocurrency purchases, and industry-leading digital asset custody.
