Lion Announces Acquisition of Lion FinTech Group

Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors, today announced it will acquire 100% of Lion FinTech Group Limited for an amount to be agreed upon with a  definitive agreement expected to be signed by March 31, 2021. Through its subsidiary, Royal Lion Middle East DMCC, Lion FinTech holds a proprietary trading license for crypto assets in Dubai. The Company expects the acquisition to close in the first quarter of 2021.

Royal Lion Middle East DMCC holds its proprietary trading license with the Dubai Multi Commodities Centre (“DMCC”), and functions as a central counterparty in the crypto asset market. Upon expected completion of the acquisition, Lion’s clients will have access to trade legal tender crypto currencies under regulated conditions, ensuring safe transactions. Royal Lion Middle East DMCC is the only license holder with DMCC that supports FIAT currency, which, following the acquisition, will provide Lion’s clients with an efficient and secure platform to exchange FIAT currencies with crypto currencies. With the license authorized for relevant financial activities and business resources, Lion plans to offer its clients crypto assets-backed trust funds as the best alternative avenue to invest in crypto assets.

Mr. Chunning (Wilson) Wang, Chief Executive Officer at Lion, commented, “This acquisition will bridge the gap between traditional financial markets and the crypto asset market, providing a simple and secure crypto trading platform for our clients. We believe the introduction of crypto trading will enable clients to implement more complex strategies with speed and efficiency, and unlock dynamic trading using smart contracts. Investors increasingly depend on speed and advanced capabilities to add incremental value to their portfolios, and we are excited to offer these tools to our clients following the expected acquisition of Lion FinTech.”

Mr. Wang Jian, Chairman of Lion, owns 100% of Lion FinTech Group Limited, the controlling company of Royal Lion Investment Limited (“RLIL”). An investment company owned by a member of the United Arab Emirates (UAE) royal family also holds equity interest in RLIL. RLIL wholly owns Royal Lion Middle East DMCC.