According to online reports, New World (000997.SZ) announced that NovaPay US Inc., a wholly-owned subsidiary of the company's controlling subsidiary, Hong Kong Star Payment Co., Ltd., has been established and obtained the MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of US$1 and its business scope includes currency transactions or transfers, including currency exchange and international remittance services. The company has obtained the U.S. MSB license, which aims to provide legal access qualifications for cross-border capital business, covering currency exchange, remittances, digital currency transactions and other scenarios, providing infrastructure for connecting with mainstream financial institutions around the world, and laying the foundation for cross-border payment related business development. The foundation will help the company's global strategic layout and contribute important forces to the realization of the beautiful vision of a leading digital business company.