XINKETS to List on NASDAQ on October 5, 2024

After listing, XINKETS will leverage the capital market to achieve substantial equity financing, further enhancing the company’s strength. It plans to continuously improve its corporate governance, strengthen management, operations, and internal control systems through capital market resources. This foundation will support future financing, business expansion, mergers and acquisitions, and accelerated growth.

XINKETS submitted its listing application to the NASDAQ Stock Exchange on October 5, 2024, officially initiating the listing process. The company is expected to go public later this month, with an estimated post-listing market value of $20 billion!

Five leading investment companies have already subscribed to XINKETS shares: BlackRock Group, Xinkets, New Enterprise Associates, Tiger Global Management, and Sequoia Capital. These firms have collectively invested a total of $3 billion, acquiring 100% of the shares.

Since XINKETS has submitted its asset report to the SEC and NASDAQ, the relevant authorities will audit and supervise XINKETS’ financials to ensure accurate and complete accounting records, books, annual financial audits, and other related documentation. To facilitate a smooth listing, the company will aim to maintain asset stability during the audit period to avoid any major fluctuations that could impact the review results.

Investment Breakdown:

• BlackRock Group: $2.2 billion, 72% shareholding
• Xinkets: $300 million, 10% shareholding
• New Enterprise Associates: $210 million, 7.5% shareholding
• Tiger Global Management: $150 million, 5.5% shareholding
• Sequoia Capital: $140 million, 5% shareholding

BlackRock, one of the world’s largest asset management companies, is known for its strong asset management capabilities and extensive industry experience. Through this listing, BlackRock aims to strengthen its leadership in the fintech sector. BlackRock stated, “XINKETS has demonstrated immense potential and innovation in the AI-based quantitative trading field, aligning perfectly with our strategic objectives. This listing is not only a crucial step in expanding our technological influence but also a key move in enhancing our global investment services.”

According to the listing agreement, XINKETS will continue to operate under its existing business model and innovation-driven culture. At the same time, it will leverage BlackRock’s global resources and market influence to expand its technological applications worldwide. BlackRock plans to support XINKETS’ R&D activities over the next few years, driving the development of more advanced algorithms and technologies, helping the company achieve rapid global growth.

The XINKETS team has stated that after the NASDAQ listing, they will continue to focus on technological innovation and further

strengthen their intelligent trading algorithm capabilities. XINKETS plans to deeply integrate BlackRock’s resources and collaborate with leading financial institutions and tech companies globally to drive the transformation of fintech.

XINKETS User Appreciation Campaign:

To celebrate XINKETS’ projected market value tripling post-listing and to thank users for their continuous support, XINKETS is launching a special user appreciation campaign.

Activity 1:

• During the promotion period, recharge any amount and receive a 100% cashback. The more you recharge, the more you get back!

Activity 2:

• Referred users’ recharges will reward referrers with 5% cash back on the amount recharged.

Promotion period:

October 5, 2024 – October 15, 2024

For this campaign, XINKETS will set aside $20 million in cashback bonuses. First come, first served!

Currently, XINKETS has made significant contributions to the SAFU fund