Yitong Communications Group, a Hong Kong-listed company, announced its performance report as of the end of 2023. As of December 31, 2023, the company held a total of 165,385 shares of Hong Kong Virtual Asset Exchange (VAX), accounting for approximately 8.14% of the issued share capital of VAX, with a fair value of approximately HKD 1,543,000. It is reported that VAX is applying to the Hong Kong Securities and Futures Commission for a Type 1 (securities trading) and Type 7 (providing automated trading services) regulated activity license under the Securities and Futures Ordinance for regulating virtual asset trading platforms.
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