The board of directors of Jiuzhi Holdings has approved the deployment of a policy for investing up to $1 billion in encryption assets.

[The Board of Directors of Jiuzi Holdings Approves Deployment of Up to $1 Billion in Encryption Asset Investment Policy] Jiuzi Holdings Limited (NASDAQ: JZXN) announced today that its Board of Directors has formally approved and adopted an encryption asset investment policy. This policy authorizes the company to allocate a portion of its cash reserves into specific encryption assets within a prudent risk management framework. Following thorough research and careful evaluation, this strategic initiative was taken after the recent appointment of industry-renowned encryption expert Dr. Doug Buerger as Chief Operating Officer (COO). Core Framework of Policy:

1. Clear investment authorization and limits: The board of directors has authorized the company to deploy up to $1 billion for the purchase of encryption assets, ensuring control over risk exposure.
2. Strict asset selection criteria: In the initial phase, the investment scope is limited to Bitcoin (BTC), Ethereum (ETH), and CEX coins (BNB). Any future plans to expand to other assets must undergo reevaluation and approval by the board's risk management committee.
3. The highest level of custody standards: The company will not self-custody the obtained encryption assets.
4. Professional Supervision and Governance Structure: Establish a "Cryptocurrency Risk Committee" led by the Chief Financial Officer, responsible for overseeing the implementation of various policies and regularly reporting to the Board of Directors.