HONG KONG, May 16, 2025 — Top Win International Limited (“TopWin”) is pleased to announce its strategic move into the digital asset space. Pending necessary approvals, the company will rebrand as “AsiaStrategy” and implement a digital asset treasury strategy to capitalize on the rapidly expanding Web3 ecosystem. Blockchain and Web3 technologies are expected to revolutionize industries through decentralized, transparent, and secure systems. Digital assets, including cryptocurrencies and tokenized assets, are becoming a vital asset class, presenting significant opportunities for value creation, particularly for institutions. Asia, with over half the world’s population and a strong economy, is at the forefront of this shift. Its tech-forward markets and evolving regulations position Asia’s digital assets sector for substantial growth.

Alongside its existing luxury watch business, TopWin will increase its focus on digital asset-related ventures and investments to tap into the potential of Asian markets. To spearhead this effort, TopWin International plans to partner with Sora Ventures, a well-established Web3 fund recognized for its Bitcoin-heavy approach in Asia since 2018. TopWin aims to utilize Sora’s resources and experience in building Bitcoin Treasury across Asia’s capital market. TopWin will concentrate on businesses and investments related to digital assets, with a particular emphasis on Asia’s untapped potential. By managing its treasury in digital assets, TopWin intends to protect against inflation and capitalize on the rapid expansion of Web3 technologies. This strategic move aligns with the company’s goal of becoming a leader in the digital economy, leveraging Asia’s dynamic and tech-savvy market.

Sora Ventures has invested in over 30 Bitcoin-centric companies globally and partnered with Metaplanet in Q1 2024 to establish Japan’s first MicroStrategy counterpart. Sora Ventures is also launching Hong Kong’s first MicroStrategy peer, collaborating with UTXO Management and jointly acquiring a controlling stake in HK Asia Holdings Ltd (HKG: 1723). The firm recently launched a $150 million fund to invest in Asia’s MicroStrategy equivalents, aiming to invest in 10 public companies by the end of 2025.

Jason Fang, Founder and Managing Partner of Sora Ventures, will join the Company as a board member and will co-lead the Company as Co-CEO alongside Tony Ngai.

Fang brings significant experience to TopWin, having established himself as a pioneer in the blockchain industry. He began his career at Fenbushi Capital in 2016, managing U.S. investments, and founded Sora Ventures in 2018. Sora Ventures has been an early investor in areas like DeFi, GameFi, SocialFi, and NFTs, and has recently shifted its focus to DeSci and the Bitcoin ecosystem. With experience navigating three bull and bear market cycles, Fang’s track record and risk management skills make him well-suited to guide TopWin’s transformation.

The name change from Top Win International Limited to AsiaStrategy is contingent upon shareholder approval and registration in the Cayman Islands.

About TopWin

Top Win International Limited (NASDAQ: TOPW) is a leading Hong Kong-based company specializing in the trading, distribution, and retail of luxury watches from well-known international brands. Operating through its subsidiary, Top Win International Trading Limited, TOPW serves a global B2B network of distributors, independent dealers, and retail sellers. Headquartered in Wan Chai, Hong Kong, and incorporated in 2001, Top Win International Trading Limited is committed to providing excellence in the luxury timepiece market. Starting in May 2025, TOPW will enter the Web3 ecosystem and make digital assets an additional focus of its future business strategy.

About Sora Ventures

Founded in 2018 by Jason Fang, Sora Ventures is a leading venture capital firm based in Asia that focuses on blockchain and digital assets. With investments in over 100 portfolio companies across DeFi, GameFi, Bitcoin, and DeSci ecosystems, Sora Ventures is at the forefront of Web3 innovation. Recently, Sora Ventures has shifted its focus to helping Asia-listed companies adopt Bitcoin treasury management, with successful implementations in Japan and Hong Kong.

Forward-Looking Statements

This press release contains forward-looking statements as defined by U.S. federal securities laws. These statements include, but are not limited to, the Company’s plans to enter the digital asset market, the proposed partnership with Sora Ventures, and related business changes. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ significantly from those projected. Such risks include, but are not limited to, uncertainties related to market conditions, regulatory changes, the completion of the planned transactions, and other factors detailed in the “Risk Factors” section of the Company’s filings with the SEC. The Company is not obligated to update any forward-looking statements, except as required by law.

Media Contact
TopWin Corporate Communications
Email: press@topwin.com
Phone: +852 2815 7988

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