Overview

• Yunfeng disclosed it acquired 10,000 ETH worth about US$44 million and classified the holdings as strategic reserve assets.
• The purchase was funded from internal cash, falls below the 5% Hong Kong listing-rule threshold, and will be recorded as investments on the balance sheet.
• Executives said ETH will support Web3 initiatives and real‑world‑asset tokenization, with exploration of models tailored to the group’s insurance operations.
• The company signaled a measured approach, noting crypto’s volatility and stating it will monitor market and regulatory developments before adjusting its position.
• Yunfeng joins other public firms adopting Ethereum treasuries, while coverage of the near-term share reaction varied, including reports of both gains and a subsequent decline.