Elate Holdings says internal controls now adequate after review of crypto transaction compliance lapses

• Elate issued a supplemental response on remedial measures tied to earlier non-compliance with Hong Kong Listing Rules Chapter 14 for cryptocurrency acquisitions and disposals.
• Internal control review by Forvis Mazars (Apr. 2–May 12, 2026) flagged weak identification and disclosure controls, including missing size-test calculations and approvals.
• Policy overhaul requires Finance to calculate Chapter 14 ratios, Company Secretary verification, Board clearance for any transaction above 5% standalone or aggregated.
• New five-person crypto management team set segregation of duties, stop-loss and take-profit limits, enhanced reporting, tighter wallet access controls.
• Cold-wallet custody moved to a 2-of-3 multi-signature structure, adding an independent non-executive director as an authorized signatory.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elate Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260721-12250777), on July 21, 2026, and is solely responsible for the information contained therein.