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Jiuzi Holdings, Inc. (NASDAQ:JZXN, the ", Company", ))) today announced that its Board of Directors has formally approved and adopted a Crypto Asset Investment Policy (hereinafter referred to as the "Policy"). This policy authorizes the Company to allocate portions of its cash reserves into select crypto assets within a prudent risk management framework.
This strategic initiative follows the recent appointment of industry-renowned crypto expert Dr. Doug Buerger as Chief Operating Officer (COO), after thorough research and careful evaluation.
Core Framework of the Policy:
1. Clear Investment Mandate & Cap: The Board has authorized the Company to deploy up to US$1 billion in funds for purchasing crypto assets, ensuring controlled exposure to risk.
2. Stringent Asset Selection Criteria: In its initial phase, investments will be limited to Bitcoin (BTC), Ethereum (ETH), and BNB. Any future expansion to other assets must undergo reassessment and approval by the Board's Risk Committee.
3. Highest-Tier Custody Standards: The Company will not self-custody acquired crypto assets.
4. Professional Oversight & Governance Structure: A "Crypto Asset Risk Committee" has been established under the leadership of CFO Huijie Gao. This committee will oversee policy implementation and report regularly to the Board.
Posted In: JZXN
