BitTrade, Japanese Exchange Under Sinohope Group, Achieves Monthly Revenue Break-even; Group AUM Grows Against Market Downturn

Sinohope Group Holdings Limited (Stock Code: 01611.HK, formerly Sinohope Technology Holdings Limited; hereinafter "Sinohope Group" or "the Group"), a Hong Kong-listed company, announced core business progress for the period ended October 2026. BitTrade, the Group's Japanese digital asset exchange, achieved monthly revenue break-even for the first time in October, with fee income covering monthly operating expenses, indicating continued improvement in its economies of scale and operating efficiency. Over the same period, the digital asset market underwent a correction, with Bitcoin's price falling about 7.32% month on month. Against this market volatility, the Group's assets under management (AUM) rose about 2.3% month on month, from about US$221 million in September to about US$226 million in October. Excluding the valuation impact of the decline in token prices, the Group's AUM grew 9.5% month on month in October, reflecting the resilience of its digital asset business and client demand for asset allocation.

BitTrade Achieves Monthly Revenue Break-even; Custody and Client Wealth Management Assets Total HK$839 Million

According to public information, BitTrade achieved monthly revenue break-even for the first time in October, with fee income covering monthly operating expenses. As of October 31, 2026, BitTrade's total custody assets and client wealth management assets were approximately HK$839 million, equivalent to about US$107 million, and its registered user count reached 309,674. BitTrade continues to expand its digital asset trading, custody and client wealth management businesses while continuously improving platform operating efficiency and client service capabilities. It currently ranks among the top five licensed digital asset exchanges in Japan and has formulated a development plan aimed at breaking into Japan's top three. As demand in the Japanese market for secure, compliant and convenient digital asset services continues to increase, BitTrade's economies of scale are gradually becoming evident.

The Group will continue to improve BitTrade's trading and client service systems and will make increasing user activity, expanding client asset scale, diversifying financial products and deepening the application of artificial intelligence (AI) technology its core strategies, so as to continuously strengthen market competitiveness and build BitTrade into an integrated financial platform combining digital asset trading, wealth management and innovative financial services.

Specifically, BitTrade will continue to optimize trading liquidity, its product suite and user experience; actively expand the corporate and institutional client market; and improve client asset retention and platform profitability. It will focus on exploring contracts for difference (CFD) products linking virtual assets with traditional financial markets such as equities, stablecoin payment and settlement, digital-asset-collateralized financing and diversified asset management services, and will advance applications such as AI-powered customer service, AI-assisted trading tools and intelligent investment analysis services.

Group AUM Grows Against Market Downturn, Up 9.5% Month on Month Excluding Token Price Impact

In October, the global digital asset market showed pronounced volatility, with Bitcoin's price falling about 7.32% month on month. Amid the market correction, the Group's digital assets under management still reached about US$226 million. Excluding the impact of digital asset price volatility during the period on asset valuations, the Group's AUM grew about 9.5% month on month in October, reflecting steady client asset allocation and capital inflows, as well as continued demand from institutions and professional investors for professional digital asset management services.

Over the same period, the Group's crypto asset trading volume was about US$74 million, with 1,146 clients. As of October 31, BitTrade had 1,149 institutional clients, while the Group had a total of 2,295 institutional and professional investor clients. The Group serves global financial institutions, listed companies, family offices and high-net-worth clients.

As the global regulatory environment continues to tighten, some exchanges are facing compliance pressure and operational challenges, and the digital asset trading industry may enter a phase of accelerated consolidation. After certain platforms are subject to major regulatory measures or sanctions, the market is expected to see periodic client migration and platform exits, with some smaller exchanges potentially withdrawing from the market gradually. At the same time, client and institutional funds will tend to flow to platforms with stable going-concern capacity, comprehensive compliance systems and stronger brand reputation, in order to reduce trading and asset safety risks.

Sinohope Group said that as the digital asset industry enters a phase of accelerated consolidation, compliance capabilities, asset safety and going-concern capacity will become the core of market competition. As a leading digital asset financial services institution in the Asia-Pacific region, the Group will continue to leverage the synergies of the Hong Kong and Japanese markets, continuously strengthen its capabilities in digital asset custody, asset management, trade execution and related financial services, raise its risk management and compliant operations standards, and actively seize development opportunities arising from industry consolidation and the upgrading of client demand.

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