FEG Holdings Corporation Limited, a Hong Kong-listed company, issued a supplementary announcement on the establishment of the joint venture, disclosing that its joint venture will focus on establishing and operating digital asset businesses in virtual real estate and decentralized finance, with the aim of designing and establishing a number of virtual environments in Decentraland, including a virtual stock trading floor, a financial education center, a decentralized exploration area, a virtual conference center and an innovation laboratory. In addition, FEG Holdings also announced that it has identified a proposed CEO for the joint venture, and that it and the joint venture partners will contribute a total of HK $25 million, but the relevant amount will continue to be determined based on budget allocation and operating expenditure analysis.