Announcement Regarding Share Consolidation of ETF Products BTC3S, ETH3S, and BNB3S by Hotcoin

Dear Customers,

To enhance sensitivity to price changes and optimize trading experiences, Hotcoin will conduct share consolidation operations on the following ETF products from 15:00 to 19:00 (GMT+8) on March 14, 2024. The list of ETF products undergoing share consolidation is as follows:

1. BTC3S/USDT
2. ETH3S/USDT
3. BNB3S/USDT

The existing 100 shares of BTC3S will be consolidated into 1 new share of BTC3S. At the same time, the net asset value (NAV) of the new shares will be 100 times that of the original shares. The NAV conversion will be based on the NAV at the time of consolidation.

The name, symbol, and trading pairs of the new shares will remain the same as before consolidation.

Please note the following:

1. Trading of the aforementioned trading pairs will be suspended during the share consolidation period, while trading of other pairs will not be affected.
2. Before share consolidation, users with pending orders on the above trading pairs are advised to cancel them in advance. Failure to do so will result in automatic cancellation of all orders, and the related assets will be returned to the accounts.
3. Following share consolidation, the aforementioned trading pairs may exhibit a phenomenon of multiple-fold increases, which is normal.
4. After share consolidation, users' assets may undergo normal fluctuations due to market fluctuations during the consolidation operation.

Illustrative Example:
At the time of consolidation, a user holds 10,000 shares of BTC3S, with a NAV per share of 0.010000, totaling 100 USDT. After consolidation, they will hold 100 shares of BTC3S, with a NAV per share of 1.000000, and the total amount will remain unchanged at 100 USDT.

Thank you for your support and trust in Hotcoin!

Hotcoin
March 13, 2024