Hong Kong, March 04, 2025 — Wang & Lee Group (NASDAQ: WLGS) has reached a significant milestone, becoming the first Hong Kong company to distribute shareholder dividends in cryptocurrency. The crypto is mined using the company’s solar battery crypto farms. This initiative highlights the company’s commitment to combining renewable energy with blockchain technology, establishing a new benchmark for sustainable business practices.
A Forward-Thinking Approach to Sustainability
Wang & Lee Group’s dividend payment utilizes cryptocurrency that is mined through its solar battery crypto farms, which use excess clean energy produced during peak times. By turning unused solar power into digital assets, the company minimizes the carbon footprint of its crypto-mining activities, addressing environmental concerns related to traditional cryptocurrency mining.
CEO’s Perspective: Leading with Purpose
Mr. Ho, CEO of Wang & Lee Group, commented, “Today signifies a major shift for our shareholders and the financial world. By combining our solar energy resources with blockchain technology, we are changing how value is delivered responsibly. This is about more than just profits; it’s about leading the way toward a future where sustainability and shareholder benefits work together, and renewable energy is integrated with blockchain innovation. After securing a US$100 million deal in crypto mining, we anticipate company profitability and want to reward our shareholders with cryptocurrency dividends. By allowing shareholders the option to use crypto dividends within our ecosystem or exchange them for fiat currency, we are promoting loyalty and speeding up the adoption of sustainable technologies. Following extensive discussions, the board decided to use crypto dividends to identify naked short sellers who seek to profit from illegally selling fake shares, in order to protect our shareholders’ voting rights and interests. During verification, shareholders who acquired fake shares from naked short sellers will not be eligible for crypto dividends. Crypto and share counts can easily distinguish between genuine and fake shareholders. In our pursuit of dishonest brokers, we are considering hiring Shareintel to monitor and count naked shorts.”
How It Works
- Optimized Energy Use: Energy is directed to on-site, high-efficiency cryptocurrency mining equipment.
- Clean Energy Production: The company’s solar farms generate clean energy, which powers local communities and homes in Hong Kong’s New Territories.
- Dividend Distribution: Mined cryptocurrency (e.g., Bitcoin) is securely distributed to shareholders through a regulated digital wallet platform, ensuring transparency and lower transaction costs.
Shareholder Advantages
- Environmentally Responsible Returns: Dividends are in line with ESG (Environmental, Social, Governance) principles, attracting ethically minded investors.
- Efficient Blockchain Technology: Fast, secure transactions with verifiable blockchain records of payment to shareholders.
- Forward-Looking Value: Engagement in the expanding digital asset market.
Shareholders will be paid cryptocurrency dividends from the solar farm’s mining activities. These dividends can be used in three ways:
– Fiat Currency Conversion: Can be sold for traditional currency through partnered exchanges.
– Reinvestment in Growth: Can be used to purchase more crypto-mining farms or services directly from Wang & Lee.
– Ecosystem Participation: Can be redeemed within Wang & Lee’s growing ecosystem for future products like lithium ion batteries, AI smart home devices, solar panels, and other green energy solutions.
About Wang & Lee Group
Wang & Lee Group, listed in Hong Kong, is a leader in renewable energy infrastructure and blockchain solutions. The company’s goal is to speed up the global shift to sustainable technologies. It runs solar farms throughout Asia and invests in innovative solutions that combine ecological and economic progress.
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This press release includes forward-looking statements that are subject to risks and uncertainties. Actual results may vary significantly.
