9F Sets to Transform into Digital Blockchain-based Securities Brokerage Platform

9F is in the process of applying for brokerage and digital assets management licenses in other countries such as Singapore and the United States to continue to expand service offerings and enhance its "one account, global investment" concept and serve as a one-stop service platform.

FREMONT, CA: 9F, an innovative blockchain-based digital securities brokerage platform and service technology company, announced that it is implementing a series of strategic changes aimed at transforming the company from a leading financial technology service provider focused on personal credit technology to a cutting-edge digital and blockchain-based securities brokerage company with equity-based securities brokerage services and digital asset technology services at the center of its offerings. Leveraging the decades-long track record of its wholly-owned licensed brokerage firm and empowered by artificial intelligence and blockchain technologies, the company is committed to becoming a global platform for the investment in and trading of securities and digital assets, providing users worldwide with global investments in stocks, debt securities, and digital asset management services, with a primary focus on stocks traded on the U.S. and Hong Kong stock exchanges. The company's brokerage operation is headquartered in Hong Kong, supported by branch offices in Mainland China, Singapore, Indonesia, Thailand, Vietnam, and other Southeast Asian countries.

Mr. Lei Liu, Executive Director and CEO of the Company, commented, "The company has been around for fifteen years since its inception and has experienced different economic cycles and crises. We have gained a profound understanding of the fact that during economic downturns, internet-based credit facilities increase the overall debt and risk level of society, putting pressure on and weighing down both investors and borrowers. The same holds true for loan facilitation businesses operating in collaboration with financial institutions, especially where direct and indirect guarantee arrangements also give rise to hidden long-term risks, into which we also have deep insights. As part of our strategic transformation, we have decided to shift our focus to provide brokerage services that also allow investors to trade digital securities using blockchain technology centered on equity securities and digital asset products. In doing so, we will be able to better respond to the policy call for deleveraging and stepping up investments in equity assets, as well as to resolve historical issues that are now behind us. The ownership of a licensed brokerage firm that has decades of operating experience, the first-mover advantage of our early deployment in Southeast Asian markets, the 113 million registered users that we have accumulated over time, the blockchain and artificial intelligence technologies that we have amassed, together with the innovation and execution capabilities of our experienced management team, have served and will continue to serve as the cornerstone of our transformation and in the process, will make us a cut above the rest."