OSL Announces Strategic Expansion of Leadership Team

(Hong Kong, 5 Aug 2024) – OSL , a leading regulated digital asset platform and the subsidiary of OSL Group (863.HK) - Hong Kong’s only publicly listed company fully dedicated to digital assets, today unveiled a strategic expansion of its executive leadership team to propel the company into its next growth phase. This move follows the recent global expansion plans and rising market demand. 

Effective on 5 August 2024, Kevin Cui has been appointed as the new Group CEO. Kevin is bringing to OSL over two decades of expertise in both Web 2 and Web 3 sectors. His exceptional track record includes pivotal roles at a renowned digital asset trading platform and he has also served in senior executive roles at cross-industry companies. As a visionary in the digital asset space, Kevin has a wealth of experience balancing regulatory compliance with cutting-edge innovation, and helping companies navigate through early financing to public listing.

Kevin Cui commented: "OSL is uniquely positioned to capitalise on this sector’s momentum, and I'm thrilled to lead our talented team into this next phase. My priority is to accelerate our business development initiatives, optimise operational efficiency, and deliver unique value to our customers. I look forward to driving OSL towards achieving our ambitious market objectives."

Enhanced Leadership Structure

From his dual role as Chairman and CEO, Patrick Pan will now focus exclusively on his position as Chairman of the Board, spearheading company strategy, strengthening board governance, overseeing international acquisitions, and fostering government partnerships. This reinforces OSL's strategic direction and governance framework, ensuring robust oversight and deepened stakeholder engagement.

Patrick Pan stated: "I'm incredibly proud of what we've achieved at OSL. Our team's dedication and innovation have established us as a leader in the regulated digital asset space. This strategy elevates our strong foundation and positions us to amplify our business. With our enhanced leadership structure and Kevin's expertise, we're poised for exponential growth and to set a new industry standard."

This strategic move aligns with best practices outlined in Appendix 14 of the Hong Kong Stock Exchange's Corporate Governance Code, which recommends separating the roles of Chairman and CEO.