#Cryptocurrency #USA #Changzhou #Jiuzi Holdings #Doug Buerger

Jiuzi Holdings, Inc. Moves to Embrace Cryptocurrency Investments

In a significant strategic step, Jiuzi Holdings, Inc. (NASDAQ: JZXN) has officially adopted a new cryptocurrency investment policy, permitting allocations of up to $1 billion. This development follows the recent appointment of Dr. Doug Buerger as the Chief Operating Officer (COO), underscoring a forward-looking approach in the realm of digital assets.

Strategic Initiative Following Key Appointment

The decision to implement this cryptocurrency policy comes after a thorough evaluation process and highlights the company's intent to be part of the evolving financial landscape. Under the insightful leadership of Dr. Buerger, who is well-versed in cryptocurrency frameworks, Jiuzi Holdings aims to leverage its cash reserves to enhance shareholder value while navigating market volatility.

According to Chao Li, the CEO of Jiuzi Holdings, this investment policy is a proactive measure aimed at safeguarding and increasing the long-term value for shareholders. He expressed confidence that Dr. Buerger’s expertise will steer the company in managing these investments prudently.

Framework of the New Policy

The board of directors has outlined a framework to ensure responsible investment practices:
1. Investment Mandate and Cap: The policy allows for the investment of up to $1 billion in select cryptocurrencies, ensuring a manageable risk level.
2. Asset Selection Criteria: Initially, the investments will be restricted to established cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and BNB (Binance Coin). Any extension beyond these assets will require thorough assessment and approval by the board’s risk committee.
3. Custodial Standards: Jiuzi Holdings will engage third-party custodians to manage the cryptocurrency assets, eliminating the risks associated with self-custody.
4. Governance and Oversight: A dedicated Cryptocurrency Asset Risk Committee has been established, led by the Chief Financial Officer Chueijie Kao, to oversee the policy’s implementation while regularly reporting to the board.

Dr. Buerger emphasized that this initiative stands to benefit Jiuzi Holdings in the long term, positioning cryptocurrencies not just as speculative instruments but as valuable stores of wealth that can hedge against macroeconomic uncertainties.

Expectations for Transparency

In compliance with regulatory mandates, Jiuzi Holdings commits to timely disclosures regarding any significant acquisitions executed under this policy, ensuring transparency for investors through filings with the Securities and Exchange Commission (SEC).

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. is a premier provider of intelligent charging infrastructure for new energy vehicles in China’s Tier 3 and Tier 4 cities. The company specializes in high-performance DC fast chargers (80kW–160kW), integrated with energy storage capabilities. Looking ahead, Jiuzi Holdings is set on deploying smart charging stations to align with China's carbon neutrality goals by 2026 and cultivate sustainable transportation solutions. More details can be found on their website at jzxn.com.

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