(Hong Kong – 21 June 2021) Edvance International Holdings Limited (“Edvance International” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 1410.HK), is pleased to announce that the Company has entered into a non-legally binding memorandum of understanding (“MOU”) with Orichal Partners Limited (“Orichal Partners”) to invest in Orichal Partners, which may be transacted by the subscription of its shares or the acquisition of all or part of the shares, asset or business of its subsidiaries.

Innovation in the financial technology sector, particularly those related to digital assets, is evolving rapidly, the Group has executed plans to develop digital asset ecosystem to capture the vast business opportunities, the intended investment in Orichal Partners will allow the Group to expand its expertise and strengthen its research and development capability on blockchain and digital asset offerings.