New Huo Technology launches a Bitcoin acquisition plan not exceeding 5 million USD

Hong Kong listed company New Fire Technology (1611.HK) announced the launch of a Bitcoin purchase plan of up to $5 million (approximately HKD 39 million). In the first phase, approximately 24.29 Bitcoins were purchased for a total of about $2 million, with an average price of approximately $82,338, completing nearly half of the planned amount. The company stated that the transaction does not constitute a disclosure requirement under Chapter 14 of the Listing Rules, as the relevant percentages are all below 5%, and future disclosures will be made as required by the rules.