Wu said that New Fire Technology Holdings disclosed in a notice that it expects to invest approximately 12 million USD in the next two years for matters related to applying for a Hong Kong Virtual Asset Trading Platform (VATP) license. The company has developed a dual-path strategy, either applying directly for the VATP license or first obtaining a VASP license before applying. The company is also evaluating the acceleration of its layout through the acquisition of Hong Kong platforms that have already submitted applications or are licensed, in order to strengthen its compliance foundation and customer service capabilities.