Crypto Flow shifts HK$11.70 million from OTC liquidity reserve to general working capital

Bulletin Express06-23

Crypto Flow Technology Limited (Crypto Flow) has revised the deployment of funds raised from its HK$99.20 million share placing completed on 11 November 2025, according to a board announcement dated 23 June 2026.

The company has already utilised HK$72.89 million of the placing proceeds, leaving HK$26.30 million unspent. Of this balance, HK$15.62 million had been earmarked as liquidity reserve for the group’s Exchange and OTC Services, while HK$10.69 million was classified as unutilised net proceeds.

Following a board review, Crypto Flow will reallocate HK$11.70 million from the liquidity reserve to general working capital. Post-adjustment: • Liquidity reserve for the Exchange and OTC Services falls to HK$3.91 million (from HK$15.62 million). • General working capital rises to HK$15.99 million (from HK$4.28 million). • Total unutilised proceeds stand at HK$22.40 million, targeted for full deployment by 30 September 2026.

Management cited a first-half-2026 downturn in cryptocurrency markets—marked by lower Bitcoin and Ethereum prices—that has reduced trading volumes and left part of the reserve idle. In addition, a newly secured trading credit and netting arrangement with a counterparty, carrying a US$1 million limit, has lowered liquidity requirements for the OTC desk.

The board stated that the reallocation will not impede current Exchange and OTC operations and is intended to improve overall financial flexibility and resource utilisation. All other previously disclosed deployment plans for the placing proceeds remain unchanged.

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