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.
The Reality of the Raya Rush
The lead-up to Raya is a whirlwind of grocery runs, deep cleaning, and late nights in the kitchen. By the time the first open house begins, most women have already put in an incredible amount of effort for their families. The quiet moments in between are not just a break. They are earned.
XIXILI’s pajamas are made for those moments. Easy to move in, soft enough to wear through the night, and the kind of pieces that make coming home feel like something to look forward to. Designed to fit a wide range of body types, every woman can find something that feels as good as it looks.
“Raya is everything. The food, the family, the laughter. And at the end of it all, she deserves to rest just as well as she celebrated,” says Tara Tan, Marketing Director at XIXILI.
Comfort That Carries Through the Season
Raya may bring the occasion, but the shift happening in Malaysian wardrobes goes further than that. Women are increasingly treating sleepwear as a considered part of their self-care, not just something to change into before bed.
“We often talk about the joy of gathering, but we rarely talk about the exhaustion that comes with it,” Tara Tan adds. “Our goal for Raya 2026 is to ensure that when the last guest leaves, every woman has a high-quality piece of loungewear to retreat into. It is about honouring the work she does by giving her the rest she deserves.”
Quality loungewear for the wind-down, the slow morning, and every quiet moment in between has become one of the most considered purchases a woman makes this season.
Made to Be Worn, Not Just Owned
Good sleepwear should not sit tucked away at the back of a drawer. It should be the first thing she reaches for at the end of a long day, worn in and looked forward to. XIXILI’s range is built for exactly that, styles that settle naturally into her routine and carry her well beyond the festive season.
The full sleepwear collection is available online and at XIXILI boutiques nationwide. To shop the range, visit www.xixili-intimates.com.Hashtag: #XIXILI
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The issuer is solely responsible for the content of this announcement.
About XIXILI
A homegrown Malaysian brand, XIXILI offers beautiful fashion lingerie and shapewear in Malaysia that prioritises fit and comfort. With an extensive range of bra sizes from A to I and bands 65 to 110cm, XIXILI caters to women of all shapes and sizes. Expert fitters are dedicated to helping each customer find the perfect bra, boosting confidence and enhancing silhouettes.
XIXILI became the first Malaysian lingerie brand to introduce a Try-On in 3D avatar tool, allowing customers to virtually try on XIXILI lingerie using a 3D avatar tailored to their specific body type and measurements. Whether for everyday wear or something special, XIXILI ensures women always look and feel amazing.
Specifically, in addition to the existing incentives currently available, customers who switch from old gasoline vehicles to new VinFast electric vehicles during the program period will receive an additional 3% discount for cars and 5% discount for scooters. The program will be applied across all four markets: Vietnam, India, Indonesia, and the Philippines.
In line with VinFast’s pioneering spirit, GSM Green and Smart Mobility Joint Stock Company has also announced an immediate 10% reduction in fares for electric mobility services on the Xanh SM platform in Vietnam and Green SM in Indonesia from March 11 to March 31, 2026. This initiative offers customers a more environmentally-friendly and cost-effective transportation option.
The program may be extended depending on international developments and future fuel price movements.
Ms. Duong Thi Thu Trang, Deputy CEO of Global Sales, VinFast, stated: “The special ‘Trade Gas for Electric’ program launched in March across four key markets is VinFast’s timely response to geopolitical volatility that is affecting socio-economic conditions in many countries around the world. As one of the pioneering manufacturers leading the global electric vehicle revolution, VinFast together with companies in Vingroup’s green ecosystem aims to help reduce the impact of fuel prices on people’s daily lives while also lowering environmental pollution through smarter, more sustainable, and more cost-efficient mobility solutions.”
The special “Trade Gas for Electric” program will be implemented in parallel with and combined with other available incentive programs in each market. Through layered incentives, Vingroup and companies within its ecosystem aim to create favorable conditions for customers to transition quickly to electric vehicles, reduce dependence on gasoline, stabilize daily life, and contribute to building a cleaner and more civilized living environment.
Hashtag: #Vingroup
The issuer is solely responsible for the content of this announcement.
Media OutReach
Singapore University of Social Sciences Expands Regional Footprint in China with Launch of Success Academy in Chongqing
New Academy and Shenyang satellite office strengthen SUSS’ visibility and partnerships across Western and Northeast China.
CHONGQING, CHINA – Media OutReach Newswire – 10 March 2026 – The Singapore University of Social Sciences (SUSS) today launched the SUSS Success Academy in Chongqing in collaboration with Raffles Young Academy (RYA) Pte Ltd and announced the establishment of a satellite office in Shenyang. Building on its Success Academies in Beijing and Shenzhen, the Academy strengthens SUSS’ presence in China and supports its growing engagement across Western and Northeast China.
The launch was commemorated with an opening ceremony at the CCI Gallery, attended by close to 70 guests from China and Singapore, including representatives from institutions of higher learning, and industry and community partners. The ceremony was presided by Vice-Consul (Political) Ms. Mavis Tan, Consulate-General of the Republic of Singapore, Chengdu and Mr. Li Xunfu, Deputy Director of Chongqing Municipal Commission of Commerce.
Success Academy to connect partners from Singapore and China
Anchored in SUSS’ commitment to lifelong learning and creating social impact, the Academy will serve as a key nexus for academic and industry partners from both countries. Through cross-cultural collaboration and practice-oriented learning, it also aims to develop future-ready talent equipped to contribute meaningfully to society and the economy.
RYA is an education and talent development organisation aimed at nurturing future-ready talent through industry-oriented learning and international exposure. RYA will bring its networks and local expertise to support and enhance the Academy’s initiatives.
Through the Academy, SUSS will provide opportunities for students from SUSS and other Singapore pre-tertiary and tertiary institutions to co-learn and co-innovate with peers in China. These include interdisciplinary global learning courses, impact startup and venture builder programmes, industry-based immersions and student exchanges. SUSS students will also gain regional exposure through internships and other workplace learning opportunities. In addition, the Academy will support SUSS in working with universities and organisations in China to jointly design and deliver industry-relevant courses and programmes for students and executives.
Extending engagement into Northeast China with Shenyang satellite office
To further deepen its engagement in Northeast China, SUSS will launch a satellite office in Shenyang on 11 March 2026 under the Success Academy in Chongqing. This office will support SUSS’ initiatives in Liaoning Province and surrounding areas, including Dalian. In addition, three Memoranda of Understanding (MOU) will be signed with the following organisations:
- Shenyang University of Chemical Technology (SYUCT): Collaborative development of a Master’s degree programme in Social Work, fostering cross-border knowledge exchange, curriculum innovation, and talent development to address evolving social service needs.
- North-East Institute of Population and Social Development: Joint research endeavours, professional development programmes, and meaningful academia-industry partnerships to generate evidence-based solutions, build capabilities, and promote active ageing ecosystems that benefit individuals and communities.
Professor Tan Tai Yong, President of SUSS, said, “China is an important partner for SUSS as we expand opportunities for our students and strengthen collaboration across Asia. The launch of the Success Academy in Chongqing allows us to work more closely with universities, industry and community partners in Western and Northeast China, and to deliver applied, practice-oriented education that responds to real-world needs. Our partnership with Raffles Young Academy reflects our shared commitment to developing future-ready talent and supporting professional growth across the region.”
Mr. Samuel Ng, Executive Chairman, RYA, said, “Our collaboration with the Singapore University of Social Sciences reflects a shared belief in applied, practice-oriented education and in preparing students and enterprises to navigate an increasingly complex and interconnected world. Chongqing’s strategic position as a gateway to Western China and a hub for industry and connectivity makes it an ideal location for immersive, industry-linked education. This partnership represents a long-term commitment to building enduring bridges between students and industry, between academia and practice, and between Singapore and China.”
The launch of the Success Academy in Chongqing is part of SUSS’ broader expansion across Asia. Since 2023, SUSS has established Success Academies in Beijing, Shenzhen, Ho Chi Minh City Bangkok, Kuala Lumpur, Jakarta, Manila and Mumbai.
For more information, visit www.suss.edu.sg/success-academy.
Hashtag: #SUSS
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The issuer is solely responsible for the content of this announcement.
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