Honorary Consul of Bahrain in Hong Kong, China Visits Solowin Holdings (AXG) Headquarters

On August 21, 2026, Mr. Oscar Chow Vee Tsung, Honorary Consul of the Kingdom of Bahrain in the Hong Kong Special Administrative Region of the People's Republic of China, and his delegation visited the Hong Kong headquarters of Solowin Holdings (NASDAQ: AXG). Dr. Thomas Zhu, Co-Founder and CEO of Solowin Holdings, warmly received the delegation. The two sides held in-depth discussions on the application of stablecoins in Islamic finance and the deepening of bilateral digital finance cooperation between Hong Kong and Bahrain.

During the meeting, Dr. Zhu detailed the Group's latest business layout to Honorary Consul Chow. Notably, AX Coin, a stablecoin company under AXG, officially obtained a compliant stablecoin issuance license from the Central Bank of Bahrain (CBB) on June 1, 2026. AX Coin is the first and currently only licensed institution approved by the CBB under its new stablecoin regulatory framework. Obtaining this license marks a milestone in Solowin Holdings' global digital asset strategy—positioning AX Coin among the few global stablecoin issuers directly regulated by a sovereign central bank, while further solidifying Bahrain's strategic status as a global digital asset innovation hub.

In the current global Islamic finance market—valued at nearly $6 trillion—traditional digital assets face limitations due to volatility and interest-bearing mechanisms. Compliant stablecoins, with their transparent structure of "100% full asset backing and zero interest payouts," naturally align with core Sharia principles. Capitalizing on this, AX Coin will focus on Sharia-compliant clearing, tokenized Sukuk (Islamic bond) settlement, and cross-border treasury management, filling the gap for compliant digital assets across Middle Eastern and global Muslim markets.

About AXG

AXG is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform.

Guided by the mission “Mobilizing Tokens 24/7”, the Company operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.

Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, AGENTX, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.

For more information, visit www.alloyx.com and follow us on LinkedIn at AXG (Solowin Holdings).

About AX Coin

AX Coin Bahrain BSC Closed (AX Coin), a key subsidiary of SOLOWIN HOLDINGS (Nasdaq: AXG), has secured a Stablecoin Issuer license from the Central Bank of Bahrain. As the world's first Sharia-compliant stablecoin, AX Coin aims to build a global digital currency infrastructure to serve the $6 trillion Islamic finance market.