Update on moratorium proceedings

August 25, 2023

August 25, 2023

Update on the Moratorium Proceedings and Applications to Convene Scheme Meetings

Please be informed that:

The Orders of Court in respect of HC/SUMs 2291 to 2295 of 2023 have been extracted and copies have been circulated individually to each creditor by the scheme managers.

Zipmex Asia Pte Ltd has filed an affidavit in respect of HC/OAs 757 and 758 of 2023 exhibiting a redacted copy of the Share Subscription Agreement dated 30 November 2022. A copy of the affidavit has been circulated individually to each creditor by the scheme managers.

The Zoom webinar hearing of HC/SUMs 2291 to 2295 of 2023 before the Honourable Justice Aedit Abdullah on 21 August 2023 was recorded and the footage was published on YouTube. The footage may be accessed via https://youtu.be/NAm8umisuEU. Any unauthorised recording or dissemination of the video/audio footage remains strictly prohibited and may be the subject of thorough investigation that can result in civil or criminal liability.

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile.

Zipmex Company Limited ("Company") operates a digital assets brokerage business. In order to increase the liquidity for digital assets trading on the Company's exchange platform, the Company sends and receives trade orders from one third-party exchange which is Zipmex SG, our affiliated company located in Singapore. No fees or compensation is provided between the parties. Any references to Zipmex SG is a reference to Zipmex Pte. Ltd.