Delin Holdings (01709): Securities Regulatory Commission Approves Class 1 License Upgrade

According to the Zhitong Finance App, Delin Holdings (01709) announced that on December 29, 2025, Delin Securities (Hong Kong) Limited, a subsidiary holding 70% interest of the company, has been conditionally approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services under a comprehensive account arrangement, subject to acceptance by Delin Securities of certain conditions of its existing Class 1 (securities trading) regulated activity license.

These conditions include (i) Delin Securities must provide virtual asset trading services through an integrated account established and maintained on the SFC's licensed platform (as defined in the Securities and Futures Ordinance and its subsidiary legislation), (ii) Delin Securities must comply with the “Terms and Conditions of a Licensed Corporation or Registrar Providing Virtual Asset Trading Services under an Integrated Account Arrangement” (as amended from time to time), and (iii) Delin Securities shall only provide virtual asset trading services to professional investors (as defined in the Securities and Futures Ordinance and its subsidiary legislation), and such professional investors are subject to Class 1 regulations at any time Management activities Customers in the (securities trading) business.

On December 29, 2025, Delin Securities has accepted the above conditions and will launch virtual asset trading services after receiving official approval from the Securities Regulatory Commission. The company is committed to promoting the upgrade of Delin Securities Class 4 (providing advice on securities) regulated activity license. Currently, the Securities Regulatory Commission is undergoing final approval, and the company will make an appropriate announcement after receiving the relevant approval from the Securities Regulatory Commission.