UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES
EXCHANGE ACT OF 1934
For
the month of May 2024
Commission
File Number 001-41776
SOLOWIN
HOLDINGS
(Translation
of registrant’s name into English)
Room
1910-1912A, Tower 3, China Hong Kong City
33
Canton Road, Tsim Sha Tsui, Kowloon
Hong
Kong
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F
☒ Form 40-F ☐
On
May 28, 2024, SOLOWIN HOLDINGS (the “Company”) entered into a share purchase agreement with certain shareholder of BA
Fintech Lab, an exempt limited liability company incorporated under the laws of the Cayman Islands (“BA”), pursuant to
which, the Company acquired 2.47% of the total outstanding share capital of BA for an aggregate purchase price of $290,000. BA
wholly owns MaiCapital Limited, a virtual assets investment manager in Hong Kong. For more information of the transaction, please
see the Company’s press release issued on the same date, which is attached as Exhibit 99.1 to this Form 6-K.
EXHIBIT
INDEX
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: May 28, 2024 |
SOLOWIN
HOLDINGS |
|
|
|
|
By: |
/s/
Shing Tak Tam |
|
|
Shing Tak Tam |
|
|
Chief Executive Officer |
Exhibit 99.1
Solowin Announces Strategic Partnership with
MaiCapital to Expand Virtual Asset
Allocation Opportunities
HONG KONG, May
28, 2024 (GLOBE NEWSWIRE)—SOLOWIN HOLDINGS (Nasdaq: SWIN) (“Solowin” or “the Company”), a securities
brokerage company that offers comprehensive financial services primarily to Chinese investors globally, today announced a strategic partnership
with MaiCapital Limited (“MaiCapital”), a leading virtual assets investment manager in Hong Kong, to expand virtual asset
allocation opportunities.
Under the
terms of the strategic partnership, Solowin agreed to acquire 199,210 ordinary shares representing a 2.47% equity stake in BA Fintech
Lab, an exempted company incorporated under the laws of Cayman Islands that conducts business through its wholly owned subsidiary MaiCapital.
Solomon
JFZ (Asia) Holdings Limited (“Solomon”), Solowin’s operating subsidiary, and MaiCapital agree to combine their considerable
resources and licenses to maximize business synergies and capitalize on opportunities created by growing investor demand for virtual assets.
MaiCapital is licensed by the Securities and Futures Commission of Hong Kong (“SFC”) to manage funds that may comprise up
to 100% virtual assets which directly complements Solomon’s licensing for the trading of virtual assets.
Mr. Thomas Tam, Chief Executive Officer of
Solowin, said: “This strategic collaboration comes at an especially opportune time for the
popularization of virtual assets in Hong Kong. Following SFC approval of the first spot virtual asset ETFs, Solomon was
selected as one of the three participating dealers for China AMC (HK) & Harvest Global’s ETFs and strengthened its partnership
with OSL Digital Securities to facilitate the ETF’s in-kind subscription and redemption
processes. MaiCapital is a pioneer in applying traditional institutional investment practices to the virtual asset sector which aligns
with our vision. Together, we will strengthen asset management services for virtual assets to provide investors with expanded options
to diversify their virtual asset allocation.”
About MaiCapital Limited
MaiCapital is a leading virtual assets investment
manager in Hong Kong and is a pioneer in applying institutional investment practices to the innovative cryptocurrency space. The firm
aims to offer crypto-inclined investors with legitimate and compliant products that provide positive returns with maximum protection.
MaiCapital has received SFC’s approval to
manage funds that may comprise up to 100% virtual assets. The firm is subject to the SFC’s “Proforma Terms and Conditions for Licensed
Corporations which Manage Portfolios that Invest in Virtual Assets”.
In early 2019, the firm launched its first crypto-themed
product, the Blockchain Opportunity Fund. The multi-strategy investment approach of this Fund has garnered global recognition, with the
London-based investment data company Preqin ranking its 2021 return among the Top 3 hedge funds across all of Asia.
About Solowin Holdings
Based in Hong Kong, SOLOWIN HOLDINGS
is a versatile securities brokerage company strategically focused on high-net-worth investors worldwide. It offers a wide spectrum of
products and services, spanning from traditional assets to virtual assets through its advanced and secure one-stop electronic platform, Solomon
Win.
Experiencing robust growth since 2021, SOLOWIN
HOLDINGS distinguishes itself through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”), licensed
by the Hong Kong Securities and Futures Commission. Solomon JFZ empowers the company to deliver unparalleled one-stop financial solutions
to both individual investors and corporate clients. The diversified offerings include Securities Brokerage, Investment Banking, Asset
Management, Virtual Assets, and cutting-edge FinTech Services. For more information, visit the company’s website at http://ir.solomonwin.com.hk.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current
expectations and projections about future events that the Company believes may affect its financial condition, results of operations,
business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,”
“will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,”
“believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The
Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or
circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are
subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed
in the “Risk Factors” section of the registration statement filed with the SEC. Although the Company believes that the
expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to
be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors
to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries please contact:
SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solomonwin.com.hk
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