According to online reports, according to the Daily Economic Daily, according to people familiar with the matter, following the news that Ant International plans to apply for stablecoin licenses in Singapore and China Hong Kong, Lianlian Digital is also actively exploring the possibility of applying for relevant licenses in the above areas. At present, Lianlian Digital has established a dedicated team responsible for promoting stablecoin-related projects and conducting use case research. Lianlian Digital currently holds a total of 65 payment licenses in various regions around the world. Its wholly-owned subsidiary, DFX Labs Company Limited, also obtained a virtual asset trading platform (VATP) license issued by the Hong Kong Securities and Futures Commission in December 2024. It is believed that this VATP license will have synergy effects with the stablecoin licenses that the Group may obtain in the future.