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[Press Release] AGAM and Victory Securities Enter into MOU to Form a Strategic Partnership

Promote Regulated Virtual Asset Investment in Hong Kong

(Hong Kong – 12 June 2023) Axion Global Asset Management Limited (“AGAM”), a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK) and Victory Securities Company Limited (“Victory Securities”, SEHK stock code: 8540.HK) are pleased to announce that they entered into a Memorandum of Understanding (“MOU”) to form a strategic partnership. The partnership aims to jointly develop and promote virtual asset investment products in Hong Kong.

As Hong Kong and its market players of the financial industry are paving the way for broader participation and responsible development of the virtual assets industry following the publication of Guidelines for Virtual Asset Trading Platform Operators by the SFC, both companies recognise that it is crucial that investors have access to virtual asset investment products that are distributed and managed by regulated intermediaries and investment managers.

Both companies will actively explore the potential opportunity of offering virtual asset management services by integrating their respective brokerage and asset management platforms for professional investors who are interested in investing in virtual assets. In addition, the companies will initiate investor education and research efforts to provide more information and insights on the potential risks and rewards of investing in this dynamic asset class.

"We are excited to work with Victory Securities to increase the reach of our virtual asset investment products to more qualified investors. Together we aim to meet the demands of investors wanting to invest in virtual assets operating with regulated partners and counterparties.” Said Mr. Gavin Ho, Strategy Director of AGAM.

Mr. Kennix Chan, Executive Director of Victory Securities, stated, “As the first and currently only licensed corporation granted by the SFC to provide the full spectrum of virtual asset dealing, advisory and asset management services, we are committed to prioritizing the safety and security of our customers' assets and user experience, while fully complying with the new regulatory standards and framework. By working with AGAM, we look forward to offering investors a more diverse range of investment options and more innovative products in the coming future.”

The partnership demonstrates both companies’ commitment to fostering the development of the virtual asset industry and reasserting Hong Kong as a global financial hub for investments and innovation.


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