The Extraordinary General Meeting of Shareholders of BC Technology Group voted to approve the BGX subscription agreement of over HK$710 million and will be renamed OSL Group
January 8th, 2024

BC Technology Group, the parent company of Hong Kong's licensed virtual asset trading platform OSL, issued an announcement that shareholders formally passed relevant resolutions by voting, which mainly include:

  1. Approved, confirmed and ratified the subscription agreement entered into by BGXGroup Holding Limited (as the subscriber) on November 13, 2023. It has conditionally agreed to allot and issue, and the subscriber has conditionally agreed to subscribe for a total of 187,600,000 subscription shares at a subscription price of HK$3.80 per subscription share and the transactions contemplated thereunder; granting the directors a special authorization to exercise all the powers of BC Technology Group in accordance with and subject to the terms and conditions contained in the subscription agreement allot and issue subscription shares.

  2. Subject to the approval of the Registrar of Companies in the Cayman Islands, the company's English name will be changed from "BC Technology Group Limited" to "OSL Group Limited" and the company's Chinese dual foreign name will be changed from "BC Technology Group Limited" to " OSL Group Ltd.”

According to previous news, BC Technology Group, the parent company of Hong Kong's licensed virtual asset exchange OSL, announced that it has received a strategic investment from the cryptocurrency group BGX, with an investment amount of approximately HK$710 million. Liang Xiangrong purchased 6.5% of BC Technology's shares for nearly 249 million yuan, becoming the third largest shareholder.

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