New World: Establishing an overseas subsidiary and obtaining a US MSB license, covering scenarios such as digital currency transactions

New Continent (000997.SZ) announced that NovaPay US Inc., a wholly-owned subsidiary of the company's holding subsidiary Hong Kong Xingyi Payment Co., Ltd., has been established and has obtained the MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of US $1 and its business scope includes currency transactions or transfers, including currency exchange and international remittance services. The company obtained the MSB license in the United States to provide legal access qualifications for cross-border capital business, covering currency exchange, remittance, digital currency transactions and other scenarios. It provides infrastructure for connecting with global mainstream Financial Institution Groups, lays the foundation for cross-border transfer related business development, helps the company's globalization strategic layout, and contributes an important force to the realization of the beautiful vision of a digital business leader.