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Eason Technology (DXF) Stock News, Nov 2020-Dec 2021

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Eason Technology Limited reports developments tied to its Hong Kong real estate operation management and investment activities, digital technology security business, and American depositary share structure. Company updates include annual-report filings, interim financial reporting, board and shareholder-meeting matters, equity incentive plan issuances, material agreements, and capital-structure disclosures.

The company was formerly a licensed microfinance lender serving individuals and small and midsize enterprises in Hubei Province, China, and has suspended customer lending since 2020. Recent news also covers NYSE American compliance notices, public-disclosure procedures, and audit-related announcements, including going-concern language in its annual report.

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Dunxin Financial Holdings Limited (NYSE American: DXF) announced it will hold its annual general meeting (AGM) on December 30, 2021, at 9:00 a.m. Beijing time. The meeting will occur both in-person at the Company's offices in Wuhan, China, and via teleconference. Shareholders registered by December 3, 2021, will be eligible to vote for two director appointments, Qi Chen and Weitao Liang. The AGM materials, including the Notice of AGM and proxy statement, are available on the Company's website, which also hosts its annual report on Form 20-F for the fiscal year ending December 31, 2020.

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Dunxin Financial Holdings (DXF) announced a strategic cooperation with Shanghai Ba Yu Culture Technology to accelerate its transformation towards the Metaverse. During an inspection on November 25, 2021, CEO Ricky Wei highlighted plans for digital operations in intellectual property. Dunxin Financial aims to shift from micro-lending to blockchain, NFT digitalization, and Metaverse services. Ba Yu Culture specializes in big data services within the press sector and enhances its copyright offerings through technology.

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On November 15, 2021, CEO Ricky Wei of Dunxin Financial (NYSE MKT: DXF) addressed the management innovation conference, discussing the company's shift towards the Metaverse. He outlined the opportunities in the blockchain sector, highlighting applications like NFTs and cryptocurrency. Wei emphasized the company's strengths, including a professional investment team and its NYSE listing, which supports the upcoming transformation despite past business difficulties. He expressed confidence in Dunxin Financial's readiness to compete with larger tech firms in the evolving Metaverse landscape.

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Dunxin Financial Holdings Limited (DXF) is transitioning its business into the Metaverse industry after two years of research. The company aims to become a digital culture platform, focusing on blockchain, NFTs, AI, and AR/VR technologies. CEO Ricky Wei emphasized the potential of the Metaverse to revolutionize technology and digital economies. The next 3-5 years are seen as exploratory for massive technological breakthroughs and business model innovations. Investments are expected to expand in areas like GPU, cloud computing, and digital twin cities, offering significant opportunities in the coming decade.

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Dunxin Financial Holdings Limited (DXF) has signed an Intentional Cooperation Agreement with Baite Biological Group Co., Ltd., focusing on collaboration in three key areas: the In Vitro Diagnostic industry, hospital intelligent laboratories, and the manufacturing of high-end medical devices. Baite is recognized as a high-tech enterprise specializing in digital laboratory instruments and in vitro diagnostic reagents. This partnership aims to enhance market expansion and R&D efforts, reinforcing Dunxin's position in the microfinance sector in Hubei Province, China.

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FAQ

What is the current stock price of Eason Technology (DXF)?

Eason Technology (DXF) last closed at $0.2566.

What is the market cap of Eason Technology (DXF)?

The market cap of Eason Technology (DXF) is approximately $830.2K.