Month: 2025-07

HONG KONG, July 15, 2025 - (ACN Newswire via SeaPRwire.com) - July 14, 2025, Bluemount Holdings Limited (Nadsaq: BMHL) (“Bluemount” or the “Company”), a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces, today announced the closing of its underwritten initial public offering (the “Offering”) of 1,375,000 Class B Ordinary Shares at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $5.5 million, prior to deducting underwriting discounts and other offering expenses. The Offering closed on July 14, 2025 and the Company’s Class B Ordinary Shares began trading on Nadsaq on July 11, 2025, under the symbol “BMHL.”In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 206,250 Class B Ordinary Shares at the public offering price per share to cover over-allotments, if any.Dominari Securities LLC acted as the representative of the underwriters, and Pacific Century Securities, LLC and Revere Securities LLC acted as co-underwriters to the Offering. Loeb & Loeb LLP acted as legal counsel to the Company and VCL Law LLP acted as legal counsel to the underwriters for the Offering.The Offering is being conducted pursuant to the Company’s registration statement on Form F-1, as amended (File No. 333-285843), relating to the shares being sold in the Offering initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 17, 2025, and was declared effective by the SEC on June 30, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering has been filed with the SEC on July 11, 2025, and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus related to the Offering may be obtained from Dominari Securities LLC, 725 5th Ave, 23rd Floor, New York, NY 10022, Telephone: (212) 393-4500; Email: investmentbanking@dominarisecurities.com. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.About Bluemount Holdings Limited Bluemount Holdings Limited, through its operating subsidiaries, is a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces. For its consulting and advisory services business segment, it provides comprehensive consulting and advisory services on business development strategies to its diverse clientele. Its financial services segment focuses on the provision of (i) underwriting and placing services; (ii) securities dealing and brokerage services; and (iii) asset management services. It also operates a subsidiary that is dedicated to the trading of luxury branded timepieces, where it sources, buys, and sells prestigious timepieces. For more information, visit http://www.bluemount.com and http://www.bluemount-commodities.com.Investor Relations Contact:Chan Wan Shan Sandra, CEOBluemount Holdings LimitedRoom 1007, Capital Centre151 Gloucester Road, Wan Chai,Hong Kong(+852) 2137 2688Email: investors@bluemount.com Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, July 15, 2025 - (ACN Newswire via SeaPRwire.com) - Galaxy Payroll Group Limited (Nasdaq: GLXG) ("Galaxy" or the "Company"), a leading global payroll provider, today announced the execution of definitive agreements with select accredited investors for a private investment in public equity ("PIPE") transaction.On July 11, 2025, the Company entered into a Securities Purchase Agreement ("SPA") under which it will issue and sell 15,000,000 Class A ordinary shares, each with a par value of US$0.000625, at a price of US$0.33 per share. Concurrently, the Company executed a Registration Rights Agreement ("RRA") granting investors customary registration rights for these shares. The transaction will generate gross proceeds of approximately US$4.95 million, subject to satisfaction of customary closing conditions stipulated in the SPA.Mr. Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group, stated: "This PIPE financing represents a strategic step in strengthening our capital structure to support Galaxy's global expansion initiatives. We remain focused on advancing our technology-driven payroll solutions while maintaining rigorous compliance with all regulatory obligations to our shareholders and partners."About Galaxy Payroll Group LimitedGalaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.For more information, please visit Galaxy Payroll Group's website: www.galaxyapac.com.Forward-Looking StatementsMatters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.For enquiry, please contact Intelligent Joy Limited:Karen DengPhone: (852) 3594 6407Email: pr-team@intelligentjoy.com Copyright 2025 ACN Newswire via SeaPRwire.com.

Introduction: Accelerating progress in virtual asset management business in games and global expansion layout.HONG KONG, July 14, 2025 - (ACN Newswire via SeaPRwire.com) - Recently, Spruce Technology HK Limited, a wholly-owned subsidiary of Kingnet, was officially granted Type 4 (advising on securities) and Type 9 (asset management) licenses by the Securities and Futures Commission (SFC) in Hong Kong.A previous similar event that attracted widespread attention in Chinese mainland occurred in December last year, when Zhang Yiming, co-founder of ByteDance, acquired a Hong Kong Type 9 license through a subsidiary "Cool River Venture HK Limited".Geographically, Hong Kong is expediting the process to become a global Web3.0 hub. For Kingnet, which is in an accelerated phase of gaming business globalization while aggressively deploying cutting-edge sectors such as metaverse and Web3.0, these two licenses will serve as pivotal fulcrum for its ecological upgrading: the company can not only attract more international partners to jointly develop AI-driven game development tools and PUGC platforms, but also carry out virtual asset generation in games, trading, and asset management businesses in full regulatory compliance, thereby bridging the "creativity-assets-finance" loop to build a trustable global digital economic ecosystem.License Is Not the DestinationForge A More Imaginative "Virtual Asset Manager In Games" Kingnet has long been actively exploring the deep integration of cutting-edge technologies and capital operations in emerging fields such as Web3.0 and metaverse. As early as 2023, Kingnet disclosed that it could support product integration with Web3.0 from a technical framework perspective, and would maintain sustained attention to the evolution of Web3.0 technologies.Additionally, Kingnet has proactively established a digital asset platform called "KINGNET CHAIN", dedicated to aggregating diverse creators and gaming brands through blockchain technology in conjunction with Web3.0, metaverse and artificial intelligence to construct a digital art marketing system, establish digital brand IDs, and create a rich and diversified metaverse content ecosystem. Up to now, "KINGNET CHAIN" has released multiple original IPs and brand collaboration digital artworks. By employing a sales model that integrates "digital assets with real economy", it promotes a deep convergence between digital economy and real economy.On the opening day of the 2024 Paris Olympics, the Olympic-themed digital assets series featuring Kingnet's mascot "K Xiao Huang" was exclusively launched in limited quantities on the "KINGNET CHAIN", with the customized interactive digital asset mini-game "Olympic 'Huang' Family Supporters" simultaneously released. Users can earn exclusive and unique digital asset rewards through gameplay participation, and these digital assets will be intrinsically linked to platform privileges to pioneer a new pathway for the mass adoption and application of the digital assets.According to market data, "KINGNET CHAIN" has reached a milestone of nearly 200,000 identity-authenticated registered users. In the future, it can assist global market-oriented manufacturers in achieving overseas game digital asset distribution, form a dual-track model of "domestic regulatory-compliant distribution + multi-chain overseas circulation", and provide a one-stop solution spanning from technical infrastructure to trading scenarios for globalization of gaming assets.Prior to Kingnet's entry, representative overseas gaming companies had already validated the feasibility of this approach by obtaining financial licenses for layout of the virtual asset management business: Hong Kong's Web3 frontrunner Animoca Brands constructed a full-chain management system encompassing metaverse asset distribution and trading by acquiring relevant compliance qualifications. Mythical Games, founded by the former Activision Blizzard core team, has also established itself as a benchmark in the field of blockchain gaming for establishing closed-loop virtual asset value circulation through licensed compliance by implementing secure player asset ownership and trading leveraging the "invisible blockchain technology" under a compliant framework in flagship titles like Blankos Block Party.With the acquisition of Type 4 and Type 9 licenses, Kingnet may further broaden its business boundaries in relevant fields such as virtual social interaction and blockchain gaming. By generating assets through gaming behaviors and activating assets via financial licenses, the company is forming a closed-loop ecosystem, thereby evolving into a "More Imaginative Kingnet".Based on Existing Overseas Layout ExperienceBuild an Open and Credible Global PUGC PlatformFrom another perspective, Kingnet's globalization strategy had demonstrated tangible results even prior to acquiring SFC Type 4 and Type 9 licenses in Hong Kong.From the product side, the company has proactively seized overseas market opportunities, proactively deployed global distribution, targeted the global market, established in-depth partnerships with numerous overseas channels, and achieved remarkable results in overseas market expansion. It is understood that newly launched games in 2025, including MU Immortal, Party Beasts, etc., have topped overseas gaming charts immediately upon release, demonstrating formidable growth potential.The sequential launch of multiple new products is expected to further improve Kingnet's product matrix and gradually form differentiated competitiveness, thereby further expanding its market share and driving tiered user base growth. As reflected in its performance, Kingnet's overseas revenue reached RMB 375 million in 2024, achieving a year-on-year growth of up to 221.48%.To support these ambitions, Kingnet has launched Kingnet AI , an AI-Web3 game collaboration platform developed by SmileCobra Studio , a Singapore-based Web3 gaming studio and Kingnet’s exclusive strategic partner. Kingnet AI features a visual, no-code AI creation engine that allows developers and creators to build blockchain-based games from scratch, automate content generation, and deploy multi-chain assets seamlessly. Kingnet AI has already established strategic partnerships with TON, Solana,BNB Chain, and Alibaba Cloud.Combined with a series of actions of the company in game globalization, proprietary AI-powered development platform, etc., it can be speculated that the company will or may also create an AI-powered end-to-end game development toolkit and a PUGC player user platform overseas. The overseas user platform will target player communities by delivering AI-powered gaming products with diversified gameplay mechanics and innovative contents. With dual SFC financial licenses, the platform provides virtual economy systems where overseas developers can autonomously generate in-game tokens through the platform's system or games on the platform to assist game developers in refining the economic systems.From this perspective, Kingnet is hopeful to build a truly open and credible global PUGC platform and empower innovations in digital contents and economic systems based on its experience accumulated in overseas game operation & distribution over the past period and a deeper understanding of Web3.0 innovation models in overseas markets. Copyright 2025 ACN Newswire via SeaPRwire.com.

導語：加速游戲虛擬資産管理業務進程和全球化佈局。香港，2025年7月14日 - (亞太商訊 via SeaPRwire.com) - 日前，愷英網絡旗下全資子公司Spruce Technology HK Limited正式獲香港證券及期貨事務監察委員會(SFC)頒發第4類(就證券提供意見)及第9類(提供資産管理)牌照。上一個在內地引發廣泛關注的類似事件，是去年12月字節跳動聯合創始人張一鳴通過旗下「Cool River Venture HK Limited」斬獲香港9號牌照。從地域來看，香港正加速推動成爲全球Web3.0中心。對正處於游戲業務全球化加速期，且積極佈局元宇宙、Web3.0等前沿賽道的愷英網絡而言，這兩個牌照將成爲其生態升級的核心支點：公司不僅能吸引更多國際合作夥伴共同開發AI驅動的游戲開發工具與PUGC平台，更能合規開展游戲虛擬資産生成、交易及資産管理業務，從而打通「創意-資産-金融」閉環，構建可信賴的全球化數字經濟生態。牌照不是終點 打造更具想像力的「游戲虛擬資産管理者」愷英網絡長期以來一直積極探索Web3.0、元宇宙等新興領域的前沿技術與資本運作深度融合。早在2023年，愷英網絡就曾透露，其從技術框架上可支持産品接入Web3.0，幷將持續關注Web3.0技術的發展。此外，愷英網絡還早早搭建了數字資産平台「拾元立方」，致力於通過區塊鏈技術幷結合Web3.0、元宇宙和人工智能，匯集多方創作者和游戲品牌方，構建數字藝術品營銷體系，建立數字品牌形象，打造豐富多元的元宇宙內容生態。截至目前，「拾元立方」已發布了多款原創IP和品牌聯動數字藝術品，以「數字資産與實體經濟」相結合的發售方式，促進數字經濟與實體經濟深度融合。2024年巴黎奧運會首日，愷英網絡公司吉祥物「K小皇」奧運系列數字資産就在「拾元立方」獨家限量首發，定制數字資産互動小游戲「奧運『皇』家助威團」同步上線。用戶可以通過參與游戲獲得專屬獨特的數字資産獎勵，數字資産將綁定平台權益，爲數字資産的普及和應用開闢了新的道路。根據市場數據，「拾元立方」現已擁有實名注册用戶近20萬，未來能够幫助出海廠商實現游戲數字資産海外發行，形成「國內合規發行+海外多鏈流通」的雙軌模式，爲游戲資産全球化提供從技術底層到交易場景的一站式解决方案。在愷英網絡之前，海外代表性游戲公司已通過獲取金融牌照佈局虛擬資産管理業務，驗證了這一路徑的可行性：香港 Web3 頭部企業 Animoca Brands 通過獲取相關合規資質，構建了覆蓋元宇宙資産發行、交易的全鏈條管理體系；由動視暴雪前核心團隊創立的 Mythical Games，亦憑藉合規框架下的 「隱形化區塊鏈技術」，在《Blankos Block Party》等代表作中實現玩家資産的安全持有與交易，成爲區塊鏈游戲領域通過牌照合規打通虛擬資産價值閉環的標杆。隨著4號及9號牌照的獲得，愷英網絡或將進一步拓寬在虛擬社交、區塊鏈游戲等相關領域的業務邊界，用游戲行爲産生資産，用金融牌照盤活資産，閉環生態形成，從而成爲一個「更具想像力的愷英」。基於已有的海外佈局經驗 構建開放、可信的全球化PUGC平台從另一個角度來看，在本次獲得香港SFC第4類及第9類牌照前，愷英網絡的全球化戰略就已顯成效。從産品端來看，積極把握海外市場機遇，積極佈局全球化發行，放眼全球市場，與衆多海外渠道建立了深入合作關係，在海外市場拓展方面的成績頗爲亮眼。據瞭解，2025年新游《MU Immortal》《派對不獸控》等游戲均在上綫伊始即登頂海外地區游戲榜單，成長實力不容小覷。多款新品的相繼推出，有望進一步完善愷英網絡的産品矩陣幷逐漸形成差异化競爭力，從而進一步擴大市場份額，推動用戶規模實現階梯式增長。反映在業績表現上，2024年愷英網絡海外營收3.75億元，同比增長多達221.48%。就在6月底，愷英網絡向市場推出了一款專爲游戲行業打造的AI全流程開發平台「SOON」。該平台憑藉對多模態大模型能力的深度整合，實現了從美術資産生成到代碼部署全流程的自動化操作，極大地縮短了傳統游戲開發周期，充分賦能游戲行業向全自動AI轉型。結合這家公司在游戲出海和自研AI開發平台等一系列動作，可以猜測，公司將在海外或也會打造AI全流程游戲開發工具和PUGC玩家用戶平台，海外用戶平台面向玩家群體，提供多玩法、多創意的AI游戲産品。在SFC兩個金融牌照的加持下，平台提供虛擬經濟系統，海外開發者可以通過平台系統或平台上的游戲自己生成游戲代幣，幫助游戲開發者完善經濟系統。從這個角度來看，基於過去一段時間在海外游戲運營發行積累的經驗，以及海外市場對Web3.0創新模式更加深刻的理解，愷英網絡有望構建一個真正開放、可信的全球化PUGC平台，賦能數字內容與經濟系統的創新。 Copyright 2025 亞太商訊 via SeaPRwire.com.