China Renaissance Capital announces appointment of new independent non-executive director to enter digital currency sector

Odaily Planet Daily News: Huaxing Capital Holdings Co., Ltd. (stock code: 1911) issued two announcements, one on personnel adjustments and the other on major business strategies. On the personnel level, with the approval of the board of directors, Mr. Frank Fu Kan was appointed as an independent non-executive director, a member of the company's audit committee, remuneration committee and nomination committee, and Ms. Chen Jiali was appointed as an independent non-executive director, chairman of the audit committee and a member of the nomination committee. At the same time, the board of directors announced that while consolidating Huaxing's existing business, it would enter the WEB 3.0 and digital asset fields, and approved a total budget of US$100 million to be used for the company's development of WEB 3.0 business and investment in digital currency assets in the next two years; at the same time, the company will increase investment and development efforts in stablecoins, RWA (real world assets) and the entire chain ecosystem around digital assets, and actively expand the application and upgrade of the company's relevant business licenses.