BitVentures Ltd (NASDAQ: BVC)

Santech Holdings Limited is a technology company focusing on developing early-stage technology businesses. The Company aims to actively build operate and scale its businesses in order to achieve growth. It is currently developing businesses in e-commerce digital assets consumer healthcare and may target opportunities in other areas of consumer and enterprise technology. The Company believes that early-stage technology ventures may offer exceptional growth opportunities and seeks to identify and nurture such high-potential ventures.

The Company generates revenue from client referral services under continued operations. Client referral services involve introducing clients to external financial product partners. Most of these products are insurance products sourced through external insurance brokers. These insurance products include life insurance products such as individual whole life insurance individual term life insurance universal life insurance and individual health insurance annuity insurance products and critical illness insurance products including personal accident insurance products. These insurance products are underwritten by reputable international insurance companies. Revenue from discontinued operations for prior years comprised wealth management revenues and asset management revenues from businesses in Hong Kong that have since been exited.

The company operates through the following segments:

• Santech Global BVI Limited is an investment holding company incorporated in the British Virgin Islands.

• Santech Global International Limited is an investment holding company incorporated in Hong Kong.

• Santech Global Hong Kong Limited is incorporated in Hong Kong and provides client referral services.

• New Innovations BVI Limited is an investment holding company incorporated in the British Virgin Islands.

• New Innovations Limited is incorporated in Hong Kong and focuses on technology development.

• BitVentures America Inc is incorporated in the United States and focuses on technology development.

The Company positions itself as a developer and operator of early-stage technology ventures seeking to identify and nurture high-potential opportunities in e-commerce digital assets and consumer healthcare. It does not disclose specific key competitors or detailed competitive advantages in the filing.

The Company serves clients through client referral services primarily introducing them to external financial product partners offering insurance products. Specific customer names are not disclosed in the filing.