Chuanglian Holdings' Ruilian has been upgraded with the fourth and ninth licenses of the Hong Kong Securities Supervision Commission to manage a portfolio of investments in virtual assets exceeding 10%

Chuanglian Holdings, a Hong Kong-listed company, disclosed that Ruilian Financial Group Limited, a wholly-owned subsidiary of the Group, as a licensed corporation under the Hong Kong Securities and Futures Ordinance, can carry out Type I (securities trading), Type IV (advising on securities) and Type IX (providing asset management) regulated activities, and has obtained Type IV (advising on securities) and Type IX (providing asset management) license upgrades. The license upgrades for Type IV (advising on securities) and Type IX (providing asset management) are in line with the Group's development strategy to expand the scope and vision of services. Ruilian can currently manage more than 10% of its portfolio invested in virtual assets and provide virtual asset advisory services to professional investors.