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

Jiuzi Holdings Embraces Cryptocurrency Investment Strategy

In a significant move that underscores its financial strategy, Jiuzi Holdings, Inc. (NASDAQ: JZXN) has publicly announced the adoption of a policy permitting investments in cryptocurrency assets. This decision comes on the heels of the appointment of Dr. Doug Buerger as the new Chief Operating Officer (COO), whose extensive expertise in crypto-assets is expected to be an asset for the company.

Background and Rationale

The formal announcement signifies a new direction that Jiuzi Holdings aims to take in the increasingly influential landscape of digital currencies. After thorough analysis and consideration, the company's board of directors has given the green light for the allocation of up to $1 billion toward selected cryptocurrencies. This initiative is positioned as a proactive measure to enhance the company’s financial management and safeguard shareholder value in the long term, according to CEO Tao Li. Li stated, "Adopting a cryptocurrency investment policy is an active step in managing our company’s finances, geared towards protecting and increasing our long-term value for shareholders. We are very pleased to have such an experienced expert as Dr. Doug Buerger leading our program."

Key Elements of the Investment Policy

1. Investment Cap: The policy establishes a clear mandate allowing the company to invest up to $1 billion in cryptocurrencies, ensuring that risk exposure remains controlled.

2. Asset Selection Criteria: Initially, investment activities will focus on established cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and BNB. Any future expansion to other assets will require reassessment and approval from the board’s Risk Committee.

3. Custodial Standards: To mitigate risk further, Jiuzi Holdings will not manage the acquired cryptocurrencies directly but will entrust their oversight to third-party custodians.

4. Management Oversight: The newly formed Crypto Risk Committee, led by CFO Huijie Gao, will supervise the implementation of this policy and provide regular reports to the board.

Statements from Company Leadership

In a further elaboration, COO Dr. Doug Buerger expressed enthusiasm about steering this vital financial initiative supported by a progressive management team. He remarked, "We are not engaging in short-term trades or speculation but rather view cryptocurrencies as a means of long-term value storage intended to hedge against uncertain macroeconomic conditions."

Future Disclosures

Jiuzi Holdings has committed to timely disclosures regarding relevant information through SEC Form 6-K after each significant acquisition transaction. This transparency aims to foster trust and keep shareholders informed about the company’s evolving investment landscape.

About Jiuzi Holdings

Jiuzi Holdings, Inc. stands out as a key provider of intelligent charging infrastructure for vehicles powered by alternative energy sources in lower-tier Chinese cities. They specialize in high-performance DC fast charging stations (ranging from 80 kW to 160 kW) alongside integrated energy storage systems. With a pledge to enhance its smart charging network by 2026, Jiuzi Holdings is contributing towards achieving carbon neutrality and promoting sustainable transport in China. Detailed information can be accessed at jzxn.com.

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