According to online reports, OSL Group (0863.HK) announced that on June 27, 2025, the company, the buyer and Banxa entered into an arrangement agreement in accordance with the requirements of BCBCA for the company (through its indirect wholly-owned subsidiary, namely the buyer) to acquire all Banxa shares (including Banxa shares to be issued as a result of the conversion of Banxa Convertible Notes that had not expired immediately before the effective time) under the arrangement plan. The maximum consideration for the proposed acquisition is approximately C$85.2 million (approximately HK$486.7 million), including the consideration payable to holders of Banxa options and Banxa warrants at the effective time. Banxa is incorporated in Colombia, Canada, and listed on the GEM of the Toronto Stock Exchange. It is a leading infrastructure provider, empowering companies to seamlessly embed cryptocurrency into their existing platforms and unleash new opportunities in the rapidly growing crypto economy. Promote the trading of digital assets. Banxa has been in cryptocurrency for more than 10 years and holds multiple licenses and registrations in different regions of the world. It has 45 licenses around the world and serves more than 150 countries. OSL Group said that Banxa's proposed acquisition is in line with the Group's business strategy to expand globally in the digital asset industry, the industry in which the Group currently operates. Upon completion of the Proposed Acquisition, Banxa will become a wholly-owned subsidiary of the Purchaser and an indirect wholly-owned subsidiary of the Company.