Metalpha Technology Holding Limited successfully completed the divestiture of its supply chain management platform and services business in mainland China. With the divestiture announced, Metalpha closed down the business of its subsidiaries and variable interest entities due to increasing operational difficulties and macroeconomic uncertainty. The Company now focuses on providing structured derivative products and issues over-the-counter financial products to professional investors, such as crypto miners, crypto funds, and family offices totaling an aggregate notional amount of approximately USD 198 million as of August 14, 2022.