Virtual Mind Holding Company Limited Announces Potential Strategic Investment in HSC Digital

Hong Kong, 23 April 2026 – Virtual Mind Holding Company Limited (Stock Code: 1520, “the Company”) has made a significant move that could shape its future business landscape. The Company announced the signing of a Memorandum of Understanding (MOU) with Mr. Vadim Krekotin, representing HSC Digital, with the intention to make an initial investment and explore broader business cooperation opportunities.

Key Highlights of the Announcement

• Initial Investment and Due Diligence: The Company has entered into a non-legally binding MOU to make an initial investment in HSC Digital, subject to satisfactory due diligence, mutual agreement on investment terms, and regulatory compliance.
• Priority for Future Investments: Virtual Mind Holding will have priority to make further investments in HSC Digital, pending additional negotiations and a separate definitive agreement.
• HSC Digital’s Vision: HSC Digital, founded by Mr. Vadim Krekotin, aims to build licensed infrastructure for cross-border settlement, gold-backed stablecoin issuance, asset custody, and tokenization of real-world assets (RWA).
• Experienced Leadership: Mr. Krekotin is the managing partner of HSC Asset Group, which focuses on China–Middle East–North Africa (MENA) cross-border investments, technology transfer, strategic partnerships, and capital management. He brings over 10 years of expertise in digital assets and international business.
• Independence: HSC Digital and its founder are, to the best of the Board’s knowledge, independent and not connected with the Company or its connected persons.

Strategic Importance and Potential Impact

• Alignment with Corporate Strategy: The Group is actively expanding its core business towards creating a smart consumption ecosystem that covers sports, cultural tourism, entertainment, and the integration of emerging technologies like AI and Web3. This potential investment aligns with the Company’s vision of leveraging digital transformation for sustainable growth.
• Long-Term Strategic Partnership: The collaboration would focus on the development of licensed digital asset infrastructure, including gold-backed stablecoins, cross-border settlement solutions, and real-world asset tokenization. These areas are currently at the forefront of innovation in financial markets, and successful execution could position Virtual Mind as a leader in the sector.
• Significant Milestone: The Board considers this investment a major milestone in advancing the Company’s competitiveness in licensed digital asset infrastructure. It is expected to create new business growth drivers and have a positive impact on the Company’s future development.

Important Information for Shareholders

• Non-Binding Nature: The MOU is non-legally binding (except for confidentiality provisions). There is no guarantee the investment will proceed, as negotiations are ongoing and a formal, binding agreement has not yet been signed.
• Potential Notifiable Transaction: If finalized, the investment may constitute a notifiable transaction under the Hong Kong Listing Rules, which could trigger further disclosure obligations and potentially affect the Company’s share price.
• Price-Sensitive Information: The announcement signals the Company’s intent to enter the rapidly growing field of digital assets and tokenization, an area that could drive significant value if successfully executed. Shareholders should be aware that such strategic moves, if materialized, could influence the Company’s valuation.
• Exercise Caution: Shareholders and investors are advised to exercise caution when dealing in the Company’s securities. There is no certainty that the investment will be finalized or that it will have the anticipated positive impact.

Board Composition

As of the date of the announcement, the Board consists of Executive Directors Mr. Mei Weiyi (Chairman), Mr. Li Yang, Ms. Tin Yat Yu Carol, and Mr. Wong Wai Kai Richard; Non-Executive Director Ms. Kot Mui; and Independent Non-Executive Directors Mr. Tang Shu Pui Simon, Mr. Hon Ming Sang, and Mr. Cheung Pak To BBS.

Next Steps

The Company will issue further announcements in accordance with the Listing Rules should a formal agreement be executed or should there be any significant progress regarding the investment.

Disclaimer: This article is a summary and interpretation of the Company’s official stock exchange announcement. The MOU discussed herein is non-binding and no assurance can be given that any investment will proceed. Investors should exercise caution and seek professional advice before making investment decisions.

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