Delin Holdings: Delin Securities approved to provide virtual asset trading services, upgrading to Class 1 license

According to Gelonghui, Derlin Holdings (01709.HK) announced that its subsidiary, Derlin Securities (Hong Kong) Limited, in which it holds a 70% stake, has received conditional approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services under a comprehensive account arrangement, subject to Derlin Securities meeting certain conditions of its existing Type 1 (Securities Trading) regulated activity license.

Derlin Securities has accepted the above conditions and will commence virtual asset trading services upon receiving formal approval from the SFC. The company is committed to advancing the upgrade of Derlin Securities' Type 4 (Advising on Securities) regulated activity license, which is currently undergoing final approval by the SFC. The company will make an appropriate announcement upon receiving the relevant approvals from the SFC.