Hotcoin Announcement on Share Consolidation of ETF Products XRP3L, LTC3L, EOS3S

Dear Customer,

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

1. XRP3L/USDT
2. LTC3L/USDT
3. EOS3S/USDT

The existing 100 shares of XRP3L will be converted into 1 new share of XRP3L. 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 is 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.

Important Notes:
1. Trading of the above trading pairs will be suspended during the consolidation period, while trading of other pairs will not be affected.
2. Prior to consolidation, all users with open orders for the above trading pairs are advised to cancel them. Unfulfilled orders will be automatically canceled by the system, and related assets will be returned to the accounts.
3. After consolidation, the above trading pairs may experience a several-fold increase, which is a normal phenomenon.
4. After consolidation, users' assets may undergo normal fluctuations due to market volatility during the consolidation period.

Illustrative Example:
At the time of consolidation, a user holds 10,000 shares of XRP3L, with a NAV per share of 0.010000, totaling 100 USDT. After consolidation, they will hold 100 shares of XRP3L, 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
May 7, 2024