On February 20, 2023, the Tianjin (Hong Kong) Investment Environment Conference was held at the Hong Kong Convention and Exhibition Centre. Accumulus GBA Technology (Hongkong) Co., Ltd. (Accumulus [Hong Kong] for short) was inaugurated under the witness of government officials as well as industry and business leaders from Tianjin and Hong Kong, declaring to build a local cryptocurrency trading platform featuring long-term and stable development.

Accumulus (Hong Kong) is the sole global headquarters outside the Chinese mainland of Yunzhanghu Technology (China) Co., Ltd., (Yunzhanghu for short). Yunzhanghu has grown into the largest online human resources company in China since we were engaged in flexible employment service in less than seven years, focusing on diversifying employment and boosting income for the public. We serve more than 83 million workers in new employment forms (freelancers) in 120 countries and regions. In 2022, our total revenue reached 97.4 billion yuan (nearly 110 billion HK dollars), and tax payments registered 6.2 billion yuan (over 7 billion HK dollars), up by 85% and 86% respectively, ranking No. 411 in Top 500 Enterprises of China. Since 2021, we have participated in the annual research projects of the Supreme People’s Court and the Supreme People’s Procuratorate four times, for three of which we are the only business entity among hundreds of entrusted units. In addition to China’s first provincial-level guide to sharing economy, Yunzhanghu has led and engaged in the drafting of 24 international or national industry standards. A long-term communication and collaboration mechanism has been established with the regulators to improve risk control and support regulation. The database sharing between Yunzhanghu and the Tianjin Municipal Public Security Bureau facilitates the latter to identify fugitives involved in, among others, pyramid schemes, illegal fund-raising, gambling, drug-related crimes, smuggling, and women and children trafficking.

Hong Kong’s close connection with the world market and strong support from the motherland is its distinctive advantages. As an innovation pioneer in the global financial market, the region shall work to ensure a sustainable and responsible virtual asset industry in a prudent manner. In this regard, good regulation as the best supporting measure will accelerate the integration of the industry into mainstream finance. With an annual revenue of nearly 100 billion yuan in the Chinese mainland, Yunzhanghu is embarking on a journey to go global. We have been granted an investment quota of 985 million yuan (over 1.1 billion HK dollars) for overseas investment filing to incorporate Accumulus (Hong Kong). By leveraging Hong Kong’s advantages and meeting the country’s needs, we aim to build Hong Kong into an international virtual asset center. Accumulus (Hong Kong) will make full use of Yunzhanghu’s advantages in the value chain, compliance, and talent pool on the one hand, and strictly abide by regulatory requirements of the HKSAR’s Government on the other, so as to foster a model cryptocurrency trading platform for regulation. Born in Hong Kong, Accumulus (Hong Kong) maintains a close bond with the region. Drawing from Yunzhanghu’s valid efforts to serve the market, this newly launched company with a workforce aged 29 on average will follow the government’s regulatory policies and cultivate insight into the needs of local markets and investors, thus pursuing the mission of facilitating regional development, securing investors’ rights and interests, and creating values in the long run.

Accumulus (Hong Kong) will be committed to providing high-quality products and services in a legal and compliant manner, enabling Hong Kong investors to enjoy the new value created in the new era of cryptocurrency.