Newfire Technology Holdings Limited has finalized its acquisition of BitTrade, formerly known as Huobi Japan. The acquisition was completed on May 29, 2025, following the earlier acquisition of a British Virgin Islands Company on April 15, 2025. As a result, BitTrade is now an indirect subsidiary of Newfire Technology, while the British Virgin Islands Company becomes a wholly-owned subsidiary. The financial results of both entities will be consolidated into Newfire Technology's financial statements. Newfire Technology has issued consideration shares to the sellers as part of the acquisition agreements.