The Company is transforming its business from the sales of tea products, beverages and light meals in retail shop chains to the formation of a blockchain ecosystem and the generation of digital assets. Digital asset mining revenue was first generated by the Company in January 2023. The Company’s strategy is to produce and hold bitcoin (after paying for cash operating costs of production) as a long-term investment. Holding bitcoin is a strategy to act as a store of value, supported by a robust and public open-source architecture, that is not linked to any country’s monetary policy and can therefore serve as a store of value outside of government control. We believe that bitcoin offers additional opportunity for appreciation in value with increasing adoption due to its limited supply.
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