#USA #Hangzhou #Jiuzi Holdings #Doug Buerger #Cryptocurrency Policy

Jiuzi Holdings' New Strategic Move in the Crypto Space

In a groundbreaking decision, Jiuzi Holdings, Inc. (NASDAQ: JZXN) has made headlines by approving a comprehensive investment policy aimed at venturing into the cryptocurrency market. This move follows the appointment of Doug Buerger as the company's Chief Operating Officer, signaling a proactive approach towards financial management and long-term shareholder value creation.

A Significant Step Forward

As stated in their recent announcement, the board of directors at Jiuzi Holdings has sanctioned an investment policy allowing the company to allocate up to $1 billion into select cryptocurrencies. This policy is crafted with a strong emphasis on risk management, showcasing the company's commitment to making informed and strategic investment decisions. The new policy will enable the company to diversify its assets, potentially protecting against macroeconomic uncertainties.

Doug Buerger, a renowned industry expert in cryptocurrency, expressed his enthusiasm for leading this initiative. He noted, "I am excited to head this vital financial initiative supported by such a forward-thinking board of directors and management team. We are not engaging in short-term trading or speculations; rather, we view cryptocurrencies as long-term investments to hedge against macroeconomic uncertainties."

Key Policy Highlights

The investment policy is structured around several key points:

1. Defined Investment Limits: The board has authorized the company to invest up to $1 billion in cryptocurrencies, with a controlled risk exposure.
2. Asset Selection Criteria: Initially, the investment focus will be on three main cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and BNB. Future investments in additional assets will require rigorous reassessment and approval from the board’s risk committee.
3. Top-Tier Storage Standards: Jiuzi Holdings will not handle the custody of the purchased cryptocurrencies internally, opting for secure external storage to safeguard assets.
4. Professional Oversight and Governance: A dedicated “Cryptocurrency Risk Committee” under the guidance of CFO Huijie Gao will oversee the policy implementation, ensuring transparency and regular reporting to the board of directors.

Strategic Importance

This shift in investment strategy is of particular significance not only for Jiuzi Holdings but also for the entire electric vehicle infrastructure sector where the company operates. As a leading provider of smart charging solutions in third- and fourth-tier cities in China, Jiuzi Holdings is at the forefront of promoting sustainable transport solutions.

Tao Li, the CEO of Jiuzi Holdings, highlighted the importance of this policy stating that it is a proactive measure in their financial management aimed at protecting and enhancing long-term shareholder value.

Continuous Communication

Jiuzi Holdings pledges to maintain transparency with its investors. The company plans to file a Form 6-K with the Securities and Exchange Commission (SEC) following any significant cryptocurrency acquisitions. This commitment to ongoing communication ensures that stakeholders remain informed about the company's evolving investment landscape.

About Jiuzi Holdings

Founded with the vision to advance infrastructure for electric vehicles in China, Jiuzi Holdings specializes in high-power charging stations integrated with energy storage capabilities. With a goal of deploying smart public charging stations by 2026, the company aims to contribute towards China's carbon neutrality objectives while fostering sustainable transportation solutions. For more information about their projects, visit jzxn.com.

As Jiuzi Holdings embarks on this ambitious initiative, it exemplifies how companies in emerging markets are adapting to new financial landscapes, ready to leverage digital assets while maintaining a responsible approach to risk management.