New Fire Technology, a Hong Kong-listed company, announced that on August 16, 2024 (after the trading session), as the buyer of BitTrade and Goldenway (as the seller of BitTrade) entered into a BitTrade Agreement, according to which Goldenway has conditionally agreed to sell, and New Fire Technology has conditionally agreed to acquire the BitTrade sales shares, accounting for approximately 7.69% of the entire issued share capital of BitTrade, at a consideration of US $2,769,435.22 (equivalent to approximately HK $21,601,594.72), which shall be repaid to Goldenway (or its nominee) at the issue price by allocating and issuing consideration shares B. Upon completion, BitTrade will become an indirect subsidiary of New Fire Technology, and the financial results of British Virgin Islands Corporation and BitTrade will be consolidated into the group's financial statements. In addition, New Fire Technology entered into the British Virgin Islands Agreement, pursuant to which the British Virgin Islands Vendor has conditionally agreed to sell, and New Fire Technology has conditionally agreed to acquire the British Virgin Islands Sales Shares (representing the entire issued share capital of the British Virgin Islands Company) for a consideration of US $30,462,086.38 (equivalent to approximately HK $237,604,273.76), which shall be repaid to the British Virgin Islands Vendor (or their nominees) at the issue price upon completion by way of the allotment and issue of Consideration Shares A.