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

Jiuzi Holdings Takes a Giant Leap into Crypto Investments

In a significant move aimed at bolstering its financial management strategy, Jiuzi Holdings, Inc. (NASDAQ: JZXN), a prominent provider of intelligent charging infrastructure for new energy vehicles in China's tier 3 and tier 4 cities, has formalized an investment policy that opens the door for investments of up to $1 billion in selected crypto assets. This initiative is part of the company's proactive approach to enhancing its long-term value for shareholders.

The decision comes on the heels of the recent appointment of Dr. Doug Buerger, a recognized expert in the cryptocurrency domain, as the company's Chief Operating Officer. Dr. Buerger's extensive background equips him with the expertise necessary to navigate the complex landscape of cryptocurrency investments. Tao Li, CEO of Jiuzi Holdings, emphasized that this policy is a critical step forward in their financial strategy, aimed at protecting and increasing shareholder value. He stated, “We are excited to have an experienced specialist like Dr. Doug Buerger lead this program.”

Key Components of the Policy

The newly adopted investment policy includes several key elements designed to manage risks effectively:
1. Investment Mandate and Limit: The board of directors has authorized the company to allocate up to $1 billion for the acquisition of crypto assets, ensuring controlled exposure to risk.
2. Asset Selection Criteria: Initially, the investments will focus on major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Any future expansion to include additional assets will undergo reevaluation and require approval from the board's risk committee.
3. High Standards of Custody: In a move to safeguard these assets, Jiuzi Holdings will not self-custody any acquired cryptocurrencies.
4. Professional Oversight: A specialized “Crypto Asset Risk Committee” has been formed under the leadership of Chief Financial Officer Huijie Gao. This committee will oversee the implementation of the investment policy and provide regular updates to the board on its progress.

Dr. Buerger remarked on this new financial strategy: “I am excited to lead such an important initiative in our finance department, supported by this progressive board and management team. We are not engaging in short-term trading or speculation; rather, we view crypto assets as a long-term store of value, safeguarding against macroeconomic uncertainties.”

Future Transparency and Compliance

In a commitment to transparency and compliance, Jiuzi Holdings intends to disclose any significant purchase activity related to this investment strategy in a timely manner through Form 6-K filings with the Securities and Exchange Commission (SEC).

Jiuzi Holdings is not only looking to enhance its financial portfolio through this new policy; they also aim to back the broader goals of carbon neutrality in China by continually installing smart charging stations across the nation. This innovative company is dedicated to the sustainable transportation sector, specializing in high-performance DC fast chargers ranging from 80 kW to 160 kW, complete with integrated energy storage options.

By taking this bold step into the world of cryptocurrency investment, Jiuzi Holdings is positioning itself at the forefront of both technology and finance, ready to tackle the future of investment and the energy vehicle market. With their ambitious plans to expand their operations, further details about their crypto investments and performance are expected to follow.

For more information, please visit jzxn.com.