**[Bitfire International Business Brand Launched by Executive Director and CEO of New Huo Technology, Weng Xiaoqi]** November 5 – The “Hong Kong Fintech Summit and New Huo Technology Product Launch Conference,” jointly organized by Hong Kong-listed company New Huo Technology, Avenir Group, and Techub News, officially kicked off at the Grand Hyatt Hong Kong. At the conference, New Huo Technology’s Executive Director and CEO, Weng Xiaoqi, announced for the first time the achievements since the company’s strategic transformation into a “private banking-grade digital asset custodian” on August 27: the high-net-worth client base has rapidly expanded, institutional account openings have grown eightfold, and over 130 new accounts have been added, including more than 50 institutional clients. Additionally, the overall asset management scale is expected to grow from $40 million to $500 million within three months of the official launch, representing a projected 12-fold increase as planned business operations are implemented. Furthermore, Weng Xiaoqi announced at the conference the official launch of New Huo Technology’s new international business brand—Bitfire—and unveiled its global strategic layout. Bitfire will be based in Hong Kong and will release its flagship private banking-grade digital asset custodian product—Bitfire Prime v1.0 APP—aimed at providing comprehensive and personalized concierge services for Hong Kong’s high-net-worth individuals and institutional clients. In addition, Bitfire will take Japan’s compliant exchange BitTrade as a model to actively build a global licensed trading matrix and launch a multi-dimensional exchange brand portfolio, including Bitfire Exchanges, Bitfire Prime, Bitfire Hub, and DAT Plus.