Synagistics Limited — Capital/Financing Update 2022

Jun 10, 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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WEALTHKING INVESTMENTS LIMITED 華 科 資 本 有 限 公 司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1140)

VOLUNTARY ANNOUNCEMENT IN RELATION TO STRATEGIC COOPERATION MEMORANDUM OF UNDERSTANDING

This announcement is made by Wealthking Investments Limited (the ‘‘Company’’) on a voluntary basis to provide the latest business development of the Company to the shareholders and potential investors of the Company.

The board of directors of the Company (the ‘‘Board’’) is pleased to announce that Block AI Company Limited (‘‘Block AI’’), a wholly-owned subsidiary of the Company, and BA Fintech Lab Limited (‘‘BA Fintech’’, the parent company of MaiCapital Limited (‘‘MaiCapital’’)) entered into a strategic cooperation memorandum of understanding (the ‘‘MOU’’) on 26 May 2022 with an aim to deepening and strengthening the strategic cooperation relationship between the two parties and to achieving mutual development on the basis of mutual benefit.

THE STRATEGIC COOPERATION MEMORANDUM

In accordance with the strategic cooperation memorandum, Block AI and BA Fintech have agreed to the followings, among others:

1. As the capacity of a strategic investor, Block AI shall participate in the follow-up financing of BA Fintech on a best effort basis to support its development, including the application for Type 1 license under the Securities and Futures Commission of Hong Kong or the license in respect of securities of other suitable countries. Moreover, Block AI shall explore potential opportunities, in an expectation to increase Block AI’s subscription volume to Blockchain Opportunity Fund managed by MaiCapital.

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1. BA Fintech and its subsidiary, MaiCapital will maintain their existing Type 9 licensed activities business in Hong Kong, and will look into the matters regarding the application for relevant licenses in Hong Kong, Singapore or other jurisdictions in the future.

ABOUT BA FINTECH LAB LIMITED

BA Fintech and its subsidiaries are leading investment institutions in the field of blockchain, dedicated to providing investors with legal and compliant virtual asset products. MaiCapital, a subsidiary of BA Fintech, is a blockchain and cryptocurrency-related asset management company licensed with Securities and Futures Commission. On 17 March 2022, MaiCapital obtained the additional approval from the Securities and Futures Commission of Hong Kong (the ‘‘SFC’’) on the basis of a Type 9 (asset management) license, such that its fund portfolio can manage investments of up to 100% virtual assets, in accordance with the ‘‘Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets’’ of the SFC.

REASONS FOR AND BENEFITS OF ENTERING INTO THE MOU

As the underlying infrastructure of Web3, NFT and Metaverse, blockchain technology will play a key role in the new generation of digital revolution. The Company is firmly optimistic about the development prospects of digital economy including the blockchain, and has formulated an investment strategic plan in terms of digital economy to continuously explore the cooperation opportunities with leading enterprises in the relevant industries.

The Board considers that the entering into the MOU is favorable to the Company, which enables all parties to leverage their respective resource advantages, and to establish a mutually beneficial and win-win strategic relationship. By entering into the MOU, the Company can take advantage of the compliant license, extensive experience and professional advantages of BA Fintech and its subsidiaries in the field of blockchain investment, seize the future opportunities of blockchain, and further expand the Company’s investment layout in the digital economy, in line with the Company’s investment strategy and the interests of its shareholders as a whole.

INFORMATION ON THE COMPANY

The Company is principally engaged in investment in a diversified portfolio of global investments in listed and unlisted enterprises thereby achieving earnings in the form of medium to long term capital appreciation.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board Wealthking Investments Limited Liu Zhiwei Executive Director and Chairman

Hong Kong SAR, 10 June 2022

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As at the date of this announcement, the Board comprises one executive Director, namely, Dr. Liu Zhiwei; two non-executive Directors, namely Dr. Fu Weigang and Dr. Wang Shibin; and three independent non-executive Directors, namely, Mr. Chen Yuming, Mr. Yan Xiaotian and Mr. Zhao Kai.

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