OSL Group will look for acquisition opportunities in South Korea and Japan, and the official app is still being tested

Pan Zhiyong, Chairman of OSL Group, a licensed virtual asset trading platform in Hong Kong, said that he will look for merger and acquisition opportunities in the Korean and Japanese markets that accommodate institutional investors, while seeking local partners to expand business development in East Asia and Southeast Asia. With the emergence of spot ETFs such as Bitcoin, even if there is a halving, the market has entered a bull market. Hu Zhenbang, Chief Financial Officer of OSL Group, added that since the third quarter of last year, virtual assets have gradually increased in trading and are currently undergoing testing in terms of launching apps. During the process, there have been changes in regulatory requirements, and it is expected that a new version of the app will be ready by the end of April or early May. OSL will continue its original B2B2C (business to business to consumer) market, not limited to developing SaaS (software as a service), and will expand its business model to serve more banks and financial institutions.