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Source: Media Outreach

SINGAPORE – Media OutReach – 20 January 2022 – Joyas International Holdings Limited ( “Joyas”), currently listed on the Catalist board of Singapore Exchange Securities Trading Limited (stock code: E9L), announced that its wholly-owned subsidiary Asiapac Growth Holdings Limited (“Asiapac”) entered into a joint cooperation agreement (the “JC Agreement”) with Splendid Powerful Limited (“Splendid Powerful”), being owned as to 60%- by Silver Map Holdings Corporation Limited (“Silver Map”), pursuant to which a new entity, namely Meta Technology International Limited (“Meta”), will be incorporated in Hong Kong Special Administrative Region (“HKSAR”).  Meta will be beneficially owned as to 60% by Asiapac and as to 40% by Splendid Powerful.

Meta is principally engaged in the provision of financial technology solutions and services to clients including:
1.       assisting clients to digitalize of their artworks such as paintings, sculptures, photos and music
into non-fungible tokens (“NFTs”) using blockchain technology;
2.       arranging and designing unique promotion campaigns for the NFTs;
3.       assisting clients to tokenize tangible and intangible assets into security tokens and listing the
security tokens on decentralized security token exchanges; and
4.       assisting clients to trade their NFTs on the NFT marketplaces.
Mr Vincent Cheung, The Executive Director and Chief Executive Officer of Joyas, said, ” We are pleased that the Group is joining force with Splendid Powerful to form a new entity – Meta. This joint venture will not only allow Meta to explore more growth prospects in the Fintech and NFT markets, it will also give us a competitive advantage in supporting our clients entering into a high-growth potential area. With that, we can achieve balanced development and qualitative prosperity, hence generating decent returns to our shareholders.”

Mr Alfonso Chu, Director of Splendid Powerful , said, “We are excited about this milestone partnership with Joyas. Leveraging Joyas’s leading position in the financing sector, our collaboration can further enrich client’s investment portfolio and meet the growing demand for fintech services. We look forward to growing with Joyas and bridging the opportunities to Meta to deliver digitalised investment products.”

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