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SINOHOPE and Alpha Blockchain Capital Launch 100% Virtual Asset Fund

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October 31,  2023, Hong Kong, Sinohope Technology Holdings Limited (stock code: 1611.HK, “SINOHOPE”) has announced a partnership with Alpha Blockchain Capital(“ABC”)  to launch Alpha Blockchain SP1 Fund (the “Fund”) that will provide eligible professional investors with a unique opportunity to invest 100% in virtual assets.

Alpha Blockchain SP1 Fund will adopt an active investment strategy and both Sinohope Asset Management (Hong Kong) Limited (“SINOHOPE Asset”), a wholly-owned subsidiary of SINOHOPE, and China Zhong Heng Finance Group Limited (“Zhong Heng Finance Group”) will be the investment managers of the Fund and ABC will serve as the advisor to the Fund. Zhong Heng Finance Group is a SFC licensed securities broker (CE No.: BHM066) with Type 1 (Dealing in securities.), Type 4 (Advising on securities) and Type 9 (Asset Management) licences.

The Fund will primarily concentrate on virtual assets and specifically cater to professional investors who have successfully completed comprehensive risk and virtual asset knowledge assessments. By leveraging SINOHOPE Asset's extensive investment management expertise and ABC's proficient investment research team, this collaboration aims to provide investors with enhanced opportunities to participate in the virtual asset market while effectively minimizing risk. The ultimate goal is to generate favourable returns for investors while maintaining a well-managed risk.

SINOHOPE Asset is a new-era asset management institution that bridges the gap between digital assets and traditional finance by offering a regulated, secure and frictionless investment experience. Currently, SINOHOPE Asset holds the Type 4 and 9 licenses of the Hong Kong Securities and Futures Commission. On March 3, 2021, SINOHOPE Asset was approved by HK SFC to manage a portfolio invested in 100% virtual assets. On December 23, 2022, SINOHOPE Asset announced a partnership with Coinbase, the world's largest regulated cryptocurrency exchange.  This strategic collaboration positions SINOHOPE Asset as the first licensed institution in the Hong Kong market to offer discretionary account management services for virtual assets to professional investors.  As an investment manager, SINOHOPE Asset has gained the ability to oversee and manage virtual asset trading accounts on behalf of professional investors at Coinbase, thereby expanding its range of services and strengthening its position in the market.

As one of Hong Kong's first companies to launch a crypto fund in 2023, ABC is committed to integrating digital assets into the compliant financial system, serving institutions and high-net-worth customers. ABC seeks alphas in Web3 with their differentiated insights and distinctive solutions to advance investors’ success.

About SINOHOPE Asset

Established in 2019, Sinohope Asset Management (Hong Kong) Limited (“SINOHOPE Asset”) is a wholly-owned subsidiary of SINOHOPE (1611.hk). It is a leading provider of institutional-level virtual asset management services, which holds a Type 4 (Advising on Securities) and Type 9 (Asset Management) license issued by the Hong Kong Securities and Futures Commission (“HKSFC”) and was approved to manage investment portfolios which invest 100% in virtual assets. It is the first HKSFC-licensed virtual asset fund manager to actively manage virtual asset funds and can accept subscriptions in both fiat and virtual assets. SINOHOPE Asset currently manages seven funds, including a Bitcoin tracker fund, an Ethereum tracker fund, two multi-strategy virtual asset funds, a blockchain venture capital fund, and two private equity funds related to blockchain mining operations. SINOHOPE Asset's services are only available to professional investors as defined by the Securities and Futures Ordinance and its subsidiary legislation.

About Alpha Blockchain Capital

As one of Hong Kong's first companies to launch a crypto fund in 2023, Alpha Blockchain Capital (“ABC”) is committed to integrating digital assets into the compliant financial system, serving institutions and high-net-worth customers. ABC seeks alphas in Web3 with their differentiated insights and distinctive solutions to advance investors’ success.

Alpha Blockchain Capital has built a strategic partnership with Sinohope Technology Holdings Limited (stock code: 1611.HK, “SINOHOPE”) and HashKey. Its first compliant fund in Hong Kong, Alpha Blockchain SP1 Fund, officially launched on 1 November, will be managed by Sinohope Asset Management (Hong Kong) Limited (“SINOHOPE Asset”) and China Zhong Heng Finance Group Limited (“Zhong Heng Finance Group”), and will provide liquidity for HashKey Exchange.

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