#USA #Hangzhou #Crypto Investment #Jiuzi Holdings #Doug Buerger

Jiuzi Holdings Approves Crypto Investment Policy

In a significant advancement for Jiuzi Holdings, Inc. (NASDAQ: JZXN), the company’s board of directors has formally adopted a new investment policy for cryptocurrencies. This strategic move permits the allocation of up to $1 billion in crypto assets, aimed at bolstering the company's market position and optimizing its treasury management. This decision comes on the heels of the recent appointment of Dr. Doug Buerger as the Chief Operating Officer, a role that emphasizes the company's commitment to adapting to the evolving financial landscape.

Strategic Vision Under New Leadership

The board has empowered the company to engage strategically in the crypto market with a clear focus on risk management. Dr. Tao Li, the CEO, expressed confidence in Buerger's capabilities, noting, "The introduction of the Crypto Asset Investment Policy marks a proactive step in our treasury management aimed at safeguarding and enhancing long-term shareholder value."

Dr. Buerger's expertise in cryptocurrencies paves the way for a carefully crafted approach. He conveyed his excitement to lead this initiative, stating, "We do not engage in short-term trading or speculation; rather, we view crypto assets as long-term storehouses of value against macroeconomic uncertainties."

Guiding Framework of the Policy

1. Investment Mandate and Limits

The investment policy stipulates a maximum expenditure of $1 billion on crypto assets. This substantial cap is designed to maintain controlled exposure to the volatile crypto market.

2. Asset Selection Criteria

Initially, investments will be confined to established cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and BNB. Future extension to other assets will necessitate re-evaluation and rigorous approval from the board’s risk committee, ensuring that only suitable options align with the company's growth strategy.

3. Custody of Assets

To further ensure the security of crypto investments, Jiuzi Holdings will not self-custody acquired digital assets. This commitment underscores the company's dedication to adopting best practices in asset management and safeguarding client funds.

4. Oversight Mechanism

The newly formed Crypto Asset Risk Committee, which includes Finance Chief Huijie Gao, is tasked with overseeing the implementation of this policy. The committee will regularly report back to the board, ensuring transparency and accountability in investment activities.

Future Outlook

The company anticipates making pertinent disclosures through Form 6-K to the SEC, particularly when pivotal buying actions occur. This demonstrates Jiuzi Holdings’ commitment to regulatory compliance and investor communication.

About Jiuzi Holdings

Jiuzi Holdings, Inc. stands as a leading provider of intelligent charging infrastructure for new energy vehicles in China’s tier-3 to tier-4 cities. Specializing in high-performance DC fast chargers (80 kW–160 kW) with integrated energy storage functions, Jiuzi is poised to advance the installation of intelligent charging stations by 2026, contributing to China’s carbon neutrality goals and promoting sustainable transport.

For more details, please visit jzxn.com.