Dear Traders,

Phemex supports the swap & rebranding of Litentry (LIT) to Heima (HEI) and will take the deposit, withdrawal, and trading services for Litentry (LIT) offline, including spot, and contract trading. Phemex will issue a separate announcement about the launch of the rebranded HEI once the exact schedule has been determined.

Here is the offline schedule. Please be aware that the schedules for spot, and contract trading are different:

Token Swap and Rebranding

• LIT tokens will assume the ticker of HEI on Phemex.

• All LIT tokens will be swapped to HEI at a ratio of 1 LIT = 1 HEI.

Spot Delisting

• 10:00 UTC on February 5, 2025 – The LIT Deposit and Withdrawal will be disclosed and the LIT/USDT pair will be delisted from the Phemex spot market. All pending trade orders will be automatically removed after the delisting time. Any withdrawal requirements after this timestamp should be submitted to our CS team at support@phemex.zendesk.com for further help.

Contract Delisting

• 06:30 UTC on January 31, 2025 – Phemex will only support ReduceOnly orders for the LITUSDT contract.

• 07:00 UTC on January 31, 2025 – All orders and trading for this trading pair will be closed.

• All positions still open for this pair after 07:00 UTC will be closed based on the asset’s average mark price in the 30-minute time period from 6:30 UTC to 07:00 UTC on January 31, 2025.

Thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.

The Phemex Team