TOPW Overview

Corporate Name Change: Top Win International Limited has rebranded itself as AsiaStrategy, effective August 22, 2025, and will continue trading on Nasdaq under the ticker SORA.

Adoption of Bitcoin: The company has started accepting Bitcoin as payment for its luxury watch business, highlighting its commitment to innovation and digital asset integration.

Company Overview: AsiaStrategy specializes in the trading, distribution, and retail of luxury watches, serving a global network through its subsidiary, Top Win International Trading Limited.

Forward-Looking Statements: The announcement includes forward-looking statements regarding the company's plans to enter the digital asset market, which are subject to various risks and uncertainties.

Investment Partnership: Top Win International Limited has partnered with Simon Gerovich and KCGI to invest in SGA Co., Ltd., which will become SGA's largest shareholder upon completion of the third-party share issuance aimed at strategic asset acquisitions and digital asset initiatives.

Company Background: Top Win International Limited, based in Hong Kong, specializes in luxury watch trading and is expanding into the Web3 ecosystem and digital assets as part of its future business strategy.

Strategic Investments in Digital Assets: Top Win International Limited is enhancing its position in Asia's digital assets sector by investing in HK Asia Holdings Limited and Metaplanet, both of which are adopting the Bitcoin Treasury Model to build substantial Bitcoin reserves and drive significant growth.

Corporate Rebranding and Leadership Changes: The company has changed its Nasdaq ticker symbol from TOPW to SORA and proposed a name change to AsiaStrategy, appointing Jason Fang as Chairman to align with its new focus on the digital economy.

Novavax Vaccine Approval: Novavax, Inc. shares surged 16.6% to $7.84 in pre-market trading following the FDA's conditional approval of its COVID-19 vaccine for specific populations.

Market Movements: Several stocks experienced significant pre-market fluctuations, with Healthcare Triangle, Inc. rising 59.2%, while Affimed N.V. saw a decline of 35.5%.

Top Win International Limited's Strategic Move: The company is entering the digital asset market through a partnership with Sora Ventures and plans to rebrand as "AsiaStrategy," focusing on Bitcoin-backed treasury strategies while continuing its luxury watch business.

Market Response and Leadership Changes: Following the announcement, TOPW shares rose by 24.3%. Jason Fang of Sora Ventures will join TopWin’s board as co-CEO, aiming to leverage Asia's growing digital finance landscape.

Company Rebranding and Expansion: Top Win International Limited is rebranding to "AsiaStrategy" and expanding into the digital assets sector, focusing on Web3 technologies and partnering with Sora Ventures to leverage their expertise in Bitcoin treasury management.

Leadership Changes and Strategic Goals: Jason Fang from Sora Ventures will join as a board member and Co-CEO, guiding the company's transformation towards digital assets while continuing its luxury watch business.