Update on moratorium proceedings

July 28, 2023

July 28, 2023

Update on the Moratorium Applications and Applications to Convene Scheme Meetings.

Please note that all five entities in the Zipmex moratorium group (the “Moratorium Group”) have filed applications for further extension of the moratoria granted by the Singapore High Court (“Extension Applications”). The Moratorium Group is seeking an extension of the moratoria until 11 November 2023.

Two entities in the Moratorium Group, Zipmex Asia Pte Ltd and Zipmex Pte Ltd, have also filed applications for leave to inter alia convene a meeting for the purpose of considering and, if thought fit, approving with or without modification the respective scheme of arrangement to be proposed (“Leave Applications”).

Copies of the papers filed in the Extension Applications and the Leave Applications have been circulated individually to each creditor by the scheme managers.

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.