Mr. Livio Weng, Chief Operating Officer of HashKey Group and Chief Executive Officer of HashKey Exchange, formally submitted his resignation to the company a few months ago due to personal family reasons. After thorough communication with Mr. Weng, we have jointly developed a comprehensive transition plan and personnel arrangement. Mr. Weng will continue to serve until the end of this year to assist in completing all handover tasks.

In accordance with relevant requirements, the company has informed the Hong Kong Securities and Futures Commission (SFC) in advance about Mr. Weng's resignation and has completed the replacement of relevant personnel at the exchange.

Under Mr. Weng's leadership and the joint efforts of the team, HashKey Exchange has grown to become the largest licensed virtual asset exchange in Hong Kong. We sincerely thank Mr. Weng for his outstanding contributions to HashKey Group and HashKey Exchange during his tenure. His professionalism and exceptional leadership have played a significant role in the company's growth and development. We wish Mr. Weng all the best in the future and look forward to his greater achievements in the new phase.

Mr. Weng stated: "Over the past year, I have been fortunate to witness and participate in the development and growth of HashKey Group and HashKey Exchange. I feel incredibly proud to have worked with such an outstanding team to drive industry innovation and development. Due to personal family reasons, I will temporarily bid farewell to HashKey. I am grateful for the support and trust from the company, the team, and industry partners. I believe HashKey Group will continue to lead the industry forward and create brilliance in the future."

Dr. Xiao Feng, Chairman and CEO of HashKey Group, expressed gratitude for Mr. Weng's outstanding contributions during his tenure: "Livio successfully promoted the construction and development of HashKey Exchange with his excellent professionalism and leadership, laying a solid foundation for HashKey Group's steady growth in the Hong Kong crypto industry. Special thanks to Livio for preparing a complete transition plan and personnel arrangement with the company. I wish him the best in this new stage of life and hope he can continue to write brilliant chapters."

HashKey Group

December 5, 2024

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