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【Press Release】AGAM Expands Business into VA Discretionary Account Management & VA Fund Distribution

(Hong Kong – 9 January 2023) Axion Global Asset Management Limited (“AGAM” or the “Company”), a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK), is pleased to announce the expansion of virtual assets service offerings for professional investors. In addition to managing investment funds that fully invests in virtual asset, the Securities and Futures Commission (“SFC”) has authorised the Company to manage virtual asset discretionary accounts and distribute VA funds for professional investors. The Company has appointed a new Chief Operating Officer who will spearhead our operations and product development efforts.

AGAM’s expanded service offerings promotes the government’s ambition for Hong Kong to become a top virtual asset hub. Crucially, it offers professional investors a new reliable and regulated way to invest in virtual assets. The Company is committed to innovating within the regulatory framework, and the expansion of our services reflects the SFC’s determination to build a more comprehensive regulatory regime which is essential for market development in the long run.

Mr. Gavin Ho, Strategy Director of AGAM, said, “AGAM believes it is possible for professional investors to tap into the investment potential of virtual assets under the same level of regulatory safeguards that are expected when investing in traditional asset classes. We aim to become a trusted partner for investors and help them navigate and unlock the investment potential in this new asset class.”

The appointment of Mr. Chris Tam, a seasoned financial practitioner with more than two decades in the field, as Chief Operating Officer of AGAM further strengthens the company’s capabilities and growth prospects. Mr. Tam has worked for various financial institutions in Hong Kong and the United States to manage portfolios that invest in cryptocurrencies, global equities, and the derivatives markets. His immense knowledge and experience in fund operations and building trading systems will undoubtedly benefit the Company.

Mr. Chris Tam, Chief Operating Officer of AGAM, commented, “AGAM is a recognised leader in the industry. I am excited to join the team as we share the same vision to grow the virtual assets market and provide a trusted and regulated vehicle for investors to allocate capital into the cryptocurrency market. I look forward to working with AGAM to achieve new milestones and enhance our product offerings for investors.”

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