Jiuzi Holdings approves up to $1B deployment for crypto assets

Jiuzi Holdings (JZXN) announced that its Board of Directors has formally approved and adopted a Crypto Asset Investment Policy. This policy authorizes the Company to allocate portions of its cash reserves into select crypto assets within a prudent risk management framework. This strategic initiative follows the recent appointment of industry-renowned crypto expert Doug Buerger as COO, after thorough research and careful evaluation. Core Framework of the Policy includes: Board has authorized the Company to deploy up to $1B in funds for purchasing crypto assets, ensuring controlled exposure to risk; In its initial phase, investments will be limited to Bitcoin (BTC-USD), Ethereum, and BNB. Any future expansion to other assets must undergo reassessment and approval by the Board’s Risk Committee; The Company will not self-custody acquired crypto assets; A “Crypto Asset Risk Committee” has been established under the leadership of CFO Huijie Gao. This committee will oversee policy implementation and report regularly to the Board. The Company expects to timely disclose relevant information via Form 6-K filings with SEC following any material purchase activities.