Voluntary Disclosure of Cryptocurrency Acquisition
ROMA (META) Group Limited (Stock Code: 8072), formerly known as Roma Group Limited, has voluntarily announced its recent strategic purchase of XDAG cryptocurrency. This move reflects the company's commitment to embracing blockchain technology and diversifying its asset portfolio.
Transaction Details
- Cryptocurrency Purchased: 2.86 million units of XDAG coins
- Total Investment: Approximately HK$439,000
- Funding Source: Internal corporate resources
- Transaction Platform: Conducted via CoinEx on November 28, 2022
Understanding XDAG Cryptocurrency
XDAG represents an innovative open-source cryptocurrency leveraging Directed Acyclic Graph (DAG) technology. Key characteristics include:
| Feature | Detail |
|---|---|
| Technology Base | Next-gen public chain using DAG architecture |
| Total Supply | Approximately 1.446 billion coins |
| Development Roadmap | Ethereum smart contract compatibility & cross-chain protocol implementation |
Strategic Rationale for Cryptocurrency Investment
- Blockchain Technology Potential: The Board recognizes blockchain's disruptive potential across financial and technological sectors
- Asset Diversification: Cryptocurrencies offer potential appreciation and hedge against fiat currency devaluation
- Future Applications: Anticipated integration in business, education, and retail sectors
- Market Positioning: Demonstrates commitment to technological evolution and innovation
👉 Explore blockchain investment opportunities
Risk Considerations
Investors should note:
- Cryptocurrency markets experience significant volatility
- Price fluctuations can be substantial in short periods
- Future transactions will depend on market conditions
Corporate Governance & Disclosure
The company confirms full compliance with:
- GEM Listing Rules disclosure requirements
- Ongoing reporting obligations for cryptocurrency transactions
Frequently Asked Questions
Q: Why did ROMA choose XDAG specifically?
A: XDAG's DAG technology offers scalability advantages over traditional blockchain, aligning with the company's forward-looking strategy.
Q: What percentage of corporate assets does this represent?
A: This initial investment represents a conservative allocation as part of broader asset diversification.
Q: Will ROMA acquire other cryptocurrencies?
A: Future acquisitions will depend on market conditions and strategic alignment with business objectives.
Q: How will this impact financial reporting?
A: All cryptocurrency holdings will be properly disclosed in accordance with financial reporting standards.
👉 Understand cryptocurrency market trends
Board Composition Update
As of the announcement date, the Board comprises:
- Executive Directors: Mr. Yu Jihua (Chairman & CEO), Mr. Li Shangqian
- Independent Non-Executive Directors: Mr. Zhong Wenli, Mr. Gao Weilun, Ms. Li Dexian
This announcement remains available for seven days on the HKEX website www.hkexnews.hk and the company website www.romagroup.com.