Hotcoin Announcement on Merging Shares for ETF Products BTC3L, BTC3S, and EOS3L

Fellow Hotcoinners,

To enhance the sensitivity of price changes and optimize the trading experience, Hotcoin will perform a share merger operation for certain ETF products from 15:00 to 19:00 (UTC+8) on September 4, 2024. The ETF products that will undergo share merging are as follows:

1. BTC3L/USDT
2. BTC3S/USDT
3. EOS3L/USDT

The original 100 shares of EOS3L will be converted into 1 new share of EOS3L. The net value of the new shares will be 100 times that of the original shares. The conversion will be based on the net value at the time of the merger.

The name, abbreviation, and trading pair of the new shares will remain the same as before the merger.

Important Notes:
1. During the share merger period, trading of the above pairs will be suspended. Trading of other pairs will not be affected.
2. Before the share merger, all users with open orders for the above trading pairs should cancel their orders in advance. If orders are not canceled, the system will automatically cancel them, and the corresponding assets will be returned to the user's account.
3. After the share merger, the above trading pairs may show a multiple increase, which is a normal phenomenon.
4. After the share merger, users' assets may fluctuate due to market changes during the merger operation.

Example:
At the time of the merger, a user holds 10,000 shares of EOS3L, with a net value of 0.010000 per share, totaling 100 USDT. After the merger, the user will hold 100 shares of EOS3L, with a net value of 1.000000 per share. The total amount remains unchanged at 100 USDT.

Thank you for your support and trust in Hotcoin!

Hotcoin
August 30, 2024