Xing Capital Holdings Limited Announces Leadership Changes
Xing Capital Holdings Limited, identified by its stock code 1911, has made notable announcements regarding both its leadership and future business direction. The company has appointed Mr. Frank Fu Kan to the position of independent non-executive director following approval from the board. In addition, he will contribute to the organization as a member of the audit, remuneration, and nomination committees. Concurrently, Ms. Chen Jiali has been named an independent non-executive director and will serve as the chair of the audit committee while also being a member of the nomination committee.
Strategic Direction and Investment Plans
In terms of strategic direction, the board has revealed its intent to fortify Huaxing’s current business operations while venturing into innovative territories like WEB 3.0 and digital assets. They have sanctioned a substantial budget of $100 million earmarked for the next two years to not only bolster the development of their WEB 3.0 initiatives but also to invest in digital currencies.
Moreover, the firm plans to enhance its focus on stablecoins, real-world assets (RWAs), and the comprehensive ecosystem linked to digital assets, thereby enhancing the application of its business licenses in these domains.
