Hong Kong, August 13, 2026 — The established comprehensive digital asset company HashKey Holdings Limited (3887.HK) announced that its licensed trading platform HashKey Exchange ("HashKey") has completed the first regulated Hong Kong dollar stablecoin HKDAP real transaction in Hong Kong with Manulife Insurance International Limited ("Manulife Insurance"), and will continue to promote the practical application of Hong Kong's first regulated Hong Kong dollar stablecoin HKDAP in insurance payment scenarios.

HashKey Exchange is a key recognized distributor of the Hong Kong dollar stablecoin HKDAP. HKDAP is issued by the first licensed stablecoin issuer in Hong Kong, Anchor Financial Technology Limited.

This use case test completed the subscription and redemption process of HKDAP using real funds, laying a solid foundation for Manulife Insurance to subsequently introduce a regulated stablecoin payment solution. Under the premise of complying with relevant regulatory requirements, according to Manulife Insurance's plan, it is planned to support customers in paying premiums using HKDAP in the future. Manulife Insurance indicated that it hopes to actively explore the application of the regulated Hong Kong dollar stablecoin HKDAP in insurance payment scenarios together with HashKey Exchange, striving to become one of the first insurance companies in Hong Kong to support premium payments using regulated Hong Kong dollar stablecoin HKDAP.

This use case aims to validate the enhancement of the premium payment experience from two aspects:

• Significant improvement in settlement efficiency: Traditional premium payments require 2-3 working days to complete settlement confirmation, while HKDAP on-chain payments can achieve near real-time arrival, significantly shortening the processing cycle.
• Flexible and convenient payments: Customers can use the HashKey Exchange platform to convert Hong Kong dollars into HKDAP, or utilize existing HKDAP balances, and then withdraw to the user wallet to pay premiums, making the overall operation easy and aligning with online payment habits.

The application verification conducted by both parties around real use cases is an important practice for the regulated Hong Kong dollar stablecoin to enter traditional financial service scenarios. By connecting stablecoin issuers, licensed trading platforms, and insurance institutions, HashKey Exchange further leveraged its platform capabilities in connecting digital assets with traditional financial scenarios, promoting the expansion of regulated Hong Kong dollar stablecoins into more diverse financial services and real payment scenarios in Hong Kong.

In the future, HashKey Exchange will continue to deepen cooperation with financial institutions and industry partners, exploring the application of HKDAP in insurance, corporate payments, cross-border trade, and other scenarios, promoting the stable development of the Hong Kong stablecoin ecosystem.

About HashKey Exchange

HashKey Exchange is a digital asset exchange under the publicly listed company HashKey Holdings Limited (3887.HK), dedicated to setting new benchmarks for compliance, capital protection, and platform security for virtual asset exchanges. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has received approval from the Hong Kong Securities and Futures Commission (SFC) and holds licenses under the Securities and Futures Ordinance for Type 1 (securities trading), Type 7 (providing automated trading services), and operates a virtual asset trading platform under the Anti-Money Laundering Ordinance, conducting licensed operations of virtual asset trading platforms. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy Information) management system certifications. To comply with laws and regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions.

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About Manulife Insurance

Manulife Insurance International Limited ("Manulife Insurance")'s main indirect shareholders* include Massachusetts Mutual Life Insurance Company ("MassMutual"), one of the five largest life insurance companies in the United States**, which has a history of over 170 years, and Yunfeng Financial Holdings Limited, among others.

Manulife Insurance is a long-term strategic partner of Barings. With outstanding global investment capabilities, an extensive cooperation network, and strong momentum for financial technology innovation, we hold a leading position in the Hong Kong insurance industry.

* MassMutual and Yunfeng Financial Holdings Limited indirectly hold shares of Manulife Insurance.

** The "Five Largest Life Insurance Companies in the U.S." are calculated based on the combined revenue rankings of "Mutual Life Insurance Companies" and "Publicly Held Life Insurance Companies" published in the June 3, 2026 issue of FORTUNE 500 for the year 2025.

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