Media OutReach
DL Holdings x Bitmain/Antalpha Miner: Hong Kong’s First Bitcoin Hashrate Stock
The ultimate controller of Fortune Peak previously served as Chief Investment Officer at Antalpha Capital (BVI) Limited, bringing extensive digital-asset investment and operational experience as well as a deep understanding of the industry’s technology and operations.
Partnering with the controller who formerly served as Antalpha’s CIO gives DL access to high-end mining hardware and the broader ecosystem of an industry leader. This will help ensure competitive hosted deployment and operations for DL’s miners, supporting stable, efficient mining.
DL Holdings will acquire 2,200 S21XP HYD Bitcoin miners, with a total hashrate of approximately 1,040,600 TH/s. The total consideration is US$21,852,600, to be paid by issuing zero-coupon Convertible Bonds. The initial Conversion Price is HK$3.17 per Share, representing approximately an 8.65% discount to the 5-day average closing price before the announcement date. The Convertible Bonds will have a two-year lock-up period, during which they cannot be transferred without the Company’s consent, and the Conversion Shares will also be subject to a two-year lock-up.
In addition, as part of the consideration, DL Holdings will issue 40,000,000 Warrants at an initial Exercise Price of HK$3.80 per Share, representing approximately a 9.51% premium to the 5-day average closing price before the announcement date. The Warrants will have a two-year exercise period, and 50% of the Warrant Shares issued upon exercise will be subject to a six-month lock-up. Furthermore, upon achieving agreed performance targets, DL Holdings will issue up to 13,442,451 Earn-out Shares, as incentives to the counterparty to ensure stable operation and efficient delivery of hashrate.
This structure optimizes capital allocation, uses clearly locked instruments to bind long-term interests, and provides a robust financial and operational foundation for DL Holdings’ expansion into Bitcoin mining.
As “digital gold,” Bitcoin accounts for roughly 55%–58% of the total crypto market capitalization and, as of September 2025, has a market value around US$2.29 trillion, ranking roughly 5th among global assets. Owing to its scarcity, decentralization, and store-of-value attributes, it has been recognized by governments and institutions as a strategic allocation with long-term preservation and appreciation potential. The U.S. government reportedly holds ~198,000 BTC, and the U.K. holds over 60,000 BTC. Leading fund houses including BlackRock and Fidelity have launched Bitcoin ETFs, drawing significant institutional flows. Technology leaders such as Elon Musk and Jack Dorsey have also publicly acknowledged holding Bitcoin and its long-term potential. Through self-mining, DL plans to acquire Bitcoin directly, increasing the weight of digital assets on its balance sheet and enhancing diversification and risk resilience.
Amid accelerating global digitalization, investing in Bitcoin mining can provide recurring cash flows and bolster market confidence, offering potential long-term support to the Company’s share price. The Convertible-Bond-funded miners are expected (management plan) to generate up to ~200 BTC per year, roughly US$20 million in revenue at illustrative pricing assumptions, supporting growth while preserving financial flexibility. DL also plans to scale out mining capacity and ecosystem participation, with an additional ~200 BTC per year as a planning target. Leveraging the partner’s industry resources, DL targets, within two years, to become the largest Bitcoin mining company among Hong Kong-listed peers—with 4,000+ BTC in reserve and sustained, efficient digital-asset output.
Moreover, the Company will (as part of the overall consideration) issue 40,000,000 Warrants to deepen strategic cooperation and has established earn-out incentives tied to operational stability, hashrate delivery, and share-price performance. If targets are achieved, the Earn-out Shares will be issued, further aligning interests and jointly advancing the mining business.
William Li, Partner at DL Holdings, commented: “Bitcoin mining has evolved into a mature, stable, real-economy industry with a clear and sustainable profit model. As ‘digital gold’, Bitcoin’s anti-inflation and value-preservation attributes are increasingly recognized by institutions. This strategic move optimizes our asset structure and aims to deliver long-term, stable returns for shareholders—an integral piece of DL’s digital-finance ecosystem.”
DL is simultaneously accelerating its digital-asset layout, advancing a three-phase plan for a comprehensive digital-finance ecosystem. In August 2025, DL raised over HK$650 million, earmarked for digital-finance growth—strategic acquisitions, RWA tokenization plans, Bitcoin mining, and building a virtual-asset trading network. In parallel, DL’s strategic investee Asseto has launched its flagship product CASH+ on BNB Chain, the first derivative token of an Asian asset-management USD money-market strategy issued on BNB Chain. Looking ahead, DL will continue to leverage its capital-markets experience and compliance framework, working with ecosystem partners to provide more efficient and transparent financial-product experiences for institutions and investors.
Hashtag: #DLHoldings
The issuer is solely responsible for the content of this announcement.
Media OutReach
Sun Group debuts at SITF 2026 with exclusive Phu Quoc flight deals and a fresh vision for Vietnam tourism
A special highlight is Sun Group’s unveiling of its new development vision for Phu Quoc in the lead‑up to APEC 2027, presented directly to Korean partners and visitors.
From the first day of the fair, Sun Group’s booth has welcomed a steady stream of visitors. Throughout the four-day event, the booth has organized B2B and B2C networking activities, customer consultations, and introductions to tourism, resort, and aviation products. Interactive programs, including mini-games, souvenir giveaways, and tailored offers for the Korean market, have kept the atmosphere lively for hours, with a continuous flow of engaged visitors.
During SITF (June 4–7), travelers have the opportunity to receive a 20% discount on the base fare when booking Sun PhuQuoc Airways tickets via the airline’s website or app. The offer applies to the Korean market for one‑way or round‑trip journeys from Korea to Phu Quoc. Limited to 200 Economy Class discount codes, it is valid for flights from June 15 to October 24, 2026 (excluding peak periods as defined by the airline).
Visitors also have the chance to win attractive prizes through booth activities, including free round‑trip air tickets on the Seoul–Phu Quoc route (ICN–PQC) and resort vouchers at hotels within Sun Group’s ecosystem.
By combining destination promotion with airline incentives, Sun Group aims to further encourage South Korean tourists to choose Vietnam for their upcoming holidays, especially Phu Quoc, which is entering a new era of large‑scale investments in projects, products, and experiences all aimed at APEC 2027.
Hashtag: #SunGroup
The issuer is solely responsible for the content of this announcement.
About Sun Group
Vietnam’s leading private economic group, Sun Group operates an integrated ecosystem spanning tourism, entertainment, hospitality, real estate, infrastructure, and aviation. Guided by the mission “Enhancing the beauty of the lands,” the Group shapes iconic destinations nationwide through its Sun World entertainment brand. In the aviation sector, Sun Group develops a hub-and-spoke model anchored by Phu Quoc, driven by strategic airport investments and Sun PhuQuoc Airways.
Media OutReach
Technology + Scenario + Supply Chain = A New Benchmark for Regional Zero-Carbon Smart Transportation
Wing Kai New Energy X QIJI Energy X C&D Hi-Tech
HONG KONG SAR – Media OutReach Newswire – 5 June 2026 – The 19th (2026) International Photovoltaic Power Generation and Smart Energy Exhibition & Conference (SNEC 2026) was grandly held from June 3 to 5, 2026, at the National Exhibition and Convention Center (Shanghai). Attracting over 3,000 exhibitors from 95 countries worldwide, the event stands as the largest and most influential professional grand gathering for the photovoltaic and energy storage sectors across Asia and globally.
During the exhibition, Mr. Yiu Wang Lee, Chairman of the Board of Wing Lee Development Construction Holdings Limited (“Wing Lee” or the “Group”, stock code: 9639.HK); Mr. Cai Huihui, General Manager of Wing Kai New Energy Technology Co., Limited (“Wing Kai New Energy”); Mr. Wang Yi, Key Account Manager of QIJI Energy; Mr. Xu Jun, Overseas Energy Storage Commercial Director of Contemporary Amperex Technology Co., Limited (CATL); and Mr. You Yuxian, ASEAN Regional Energy Storage Sales Director of CATL, jointly visited the exhibition booth of C&D Hi-Tech. The delegation engaged in in-depth discussions with the team led by General Manager Mr. Zhan Shengli, focusing on battery swapping station projects in Hong Kong and Southeast Asia. By integrating multi-party resources, the teams successfully finalized and signed a Strategic Cooperation Agreement.
Through this signing, the three parties will join forces to address and resolve the industry pain points of overseas markets regarding regulatory compliance, engineering infrastructure, and supply chain coordination. The collaboration represents a deep integration of QIJI Energy’s cutting-edge battery swapping solutions, Wing Kai New Energy’s localized infrastructure and operational capabilities across Hong Kong and Shenzhen, and C&D Hi-Tech’s robust global resource allocation strengths. Moving from single-project development to an ecosystem of mutual win-win, this partnership will significantly enhance the delivery efficiency of green energy across Hong Kong, Macau, and the Southeast Asian region, setting a brand-new benchmark for regional zero-carbon smart transportation.
As a subsidiary of Wing Lee, Wing Kai New Energy has been rooted in Hong Kong since its inception while radiating its presence globally, deeply cultivating sustainable clean energy solutions. Addressing the acute pain points in the Greater Bay Area and Southeast Asian markets, where rapid fluctuations in energy prices have led to surging cost pressures for logistics distribution enterprises, Wing Kai New Energy will focus on urban distribution logistics battery swapping businesses in the future. The company plans to integrate site resources, infrastructure, and operations to fill the gap in regional infrastructure. We firmly believe that this cooperation will effectively bridge the cross-border green energy eco-link, accelerate the construction of a green energy service network, and contribute solidly to the realization of the “dual carbon” goals. Meanwhile, we sincerely invite more partners to join the Zero-Carbon Smart Alliance to jointly advance sustainable development.
Hashtag: #WingLee
The issuer is solely responsible for the content of this announcement.
About Wing Lee Development Construction Holdings Limited
Deeply rooted in Hong Kong, Wing Lee is an established contractor engaged in civil engineering, electrical and mechanical engineering, and new energy businesses, and has participated in various large-scale landmark projects in Hong Kong. The Group’s civil engineering business specialized in site formation waterworks as well as road and drainage works, while its electrical and mechanical engineering business specializes in power system-related projects and emergency maintenance works. In recent years, the Group has actively expanded into the new energy sector, undertaking solar photovoltaic projects, distributing various electric commercial vehicles and electric construction machinery, and engaging in the construction and subsequent maintenance of charging piles, battery swapping, recycling, and energy storage businesses. In 2025, Wing Lee Construction, together with SANY Group Co., Ltd. and CATL, among other industry giants, founded the “Zero-Carbon Smart Alliance” to develop full-industry-chain solutions for photovoltaics, energy storage, charging and battery swapping, and smart applications in green transportation.
The delegation of over 70 business and institutional leaders from Hong Kong and the Chinese Mainland is the largest and most diverse overseas mission led by the current term of the HKSAR Government so far.
Speaking to the media in Uzbekistan yesterday (June 4), Mr Lee set out the three main objectives of the visit: further explore emerging markets and lay the foundation for long-term economic and trade development; strengthen government-to-government (G2G) relationships and promote closer bilateral co-operation; and build a “hub-to-hub” model of co-operation.
He said the visit had been successful, yielding achievements in eight areas, including:
- Establishing high-level contacts and ties between the HKSAR Government and the Governments of Kazakhstan and Uzbekistan, and reaching consensus on co-operation in multiple areas;
- A total of 96 co-operation agreements and memoranda of understanding (MoUs) were reached during the visit (61 with Kazakhstan, 35 with Uzbekistan), involving specific amounts exceeding US$1.65 billion in total;
- The governments agreed to commence bilateral discussions on agreements in various areas;
- Deepening project matching and research collaboration between Hong Kong and Central Asian region in areas including finance, innovation and technology (I&T), and aviation;
- Demonstrating Hong Kong’s effective role as a platform for going global and achieving substantial results, with Hong Kong and Mainland enterprises joining forces in tapping new markets and bringing synergistic advantages into full play;
- Facilitating more convenient people-to-people exchanges by promoting direct flights, aviation and transport co-operation, and extensions to the mutual visa-free period;
- Promoting exchanges in education, talent and culture to further deepen people-to-people bonds; and
- Advancing a hub-to-hub co-operation model to open up broader room for co-operation between Hong Kong and the Central Asian region.
While in Tashkent (June 3-5), Mr Lee met with local leaders, government officials and business representatives to deepen co-operation between Hong Kong and Uzbekistan in areas including trade, investment, finance, I&T, and people-to-people exchanges.
Mr Lee held meetings with the President of Uzbekistan, Shavkat Miromonovich Mirziyoyev, his Advisor on Strategic Development, Sardor Umurzakov, the Prime Minister, Abdulla Nigmatovich Aripov, as well as the Deputy Prime Minister, Jamshid Khodjayev, to exchange views on furthering mutual co-operation.
Mr Lee highlighted that under the “one country, two systems” principle, Hong Kong enjoys both the China advantage and the global advantage. He said that Hong Kong would continue to play its roles as a “super connector” and a “super value-adder” to further deepen co-operation and exchanges with Uzbekistan on various fronts in line with Uzbekistan’s goal of achieving high-quality development.
Earlier (June 3), Mr Lee met with the Minister of Foreign Affairs of Uzbekistan, Bakhtiyor Saidov, after which they jointly witnessed an exchange of notes between the two places on a mutual visa-free arrangement, which would allow a visa-free period of 30 days for visitors from both sides.
“Moreover, we are glad to have initialed the Air Services Agreement with Uzbekistan, and look forward to launching direct passenger flights between the two places soon,” Mr Lee said, during a high-level business dinner (June 4). The Chief Executive pointed out that Hong Kong and Uzbekistan are important trade and investment gateways to their respective regions – the Asia-Pacific and Central Asia.
“It helps that we are all believers in the Belt and Road (B&R) Initiative, a modern expression of the ancient Silk Road spirit,” Mr Lee said. “Today, China is Uzbekistan’s largest trading partner, and the two countries work closely on major infrastructure and connectivity projects that are revitalising the Silk Road. Hong Kong is a pivotal player in the B&R Initiative, thanks to our world-class professional and financial services expertise.”
The delegation also toured the IT Park Uzbekistan and the Center for Islamic Civilization before concluding its visit in Tashkent.
Hashtag: #HongKong #BrandHongKong #CentralAsia #Kazakhstan #Uzbekistan
https://www.brandhk.gov.hk/
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The issuer is solely responsible for the content of this announcement.
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