HashKey Holdings Limited (“HashKey” or “the Company”, stock code: 3887) announced that its wholly-owned subsidiary HKDAG (Singapore) Pte. Ltd. has entered into a non-binding framework agreement with major shareholders of Asia Pacific Exchange Pte. Ltd. (“APEX”) and APEX to acquire all equity of APEX.

APEX and its group operate a comprehensive and complete financial market infrastructure in Singapore. As a licensed derivatives exchange in Singapore, APEX holds the "Approved Exchange" license issued by the Monetary Authority of Singapore (MAS); its subsidiary Asia Pacific Clear Pte. Ltd. holds the "Approved Clearing House" license, possessing comprehensive issuance and clearing capabilities. Under Singapore's strict regulatory framework, currently, only three institutions hold both types of licenses in the entire market.

If the proposed acquisition proceeds smoothly, HashKey is expected to further enhance its trading and clearing infrastructure layout targeting the institutional market, promoting the construction of a new generation of financial infrastructure encompassing trading, custody, payment, clearing, and settlement, thus improving the comprehensive service capabilities for financial institutions and institutional market participants. As an important international financial center in Asia, Singapore continues to maintain a leading position in financial market infrastructure construction and financial technology development. This proposed acquisition will also further improve the group’s regulated business layout in core financial markets in Asia, aligning with the group's ongoing global development and multi-jurisdiction financial technology platform strategy.

As of now, the proposed acquisition is subject to the execution of final documents and approval from the Monetary Authority of Singapore (MAS) before it can be realized. Up to now, the group has not executed any final documents concerning the proposed acquisition, nor has it obtained the necessary approvals from MAS regarding the proposed acquisition. Therefore, the proposed acquisition may or may not take place. If the parties enter into final documents regarding the proposed acquisition after completing due diligence on the target group (including), the proposed acquisition is expected to constitute a transaction that needs to be announced under Chapter 14 of the Listing Rules. The company will comply with the provisions of the Listing Rules and make further announcements regarding the proposed acquisition in a timely manner.

AboutHashKey Holdings Limited:

HashKey Holdings Limited (“HashKey” or “the Company”, stock code: 3887.HK) is a mature comprehensive digital asset company in Asia, with operations across globally licensed regions, building a digital asset ecosystem by providing end-to-end financial infrastructure, technology, and investment management. The group offers trading facilitation services, on-chain services, and asset management services through licensed digital asset platforms.

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