Core Insights - Wang & Lee Group has become the first Hong Kong company to distribute shareholder dividends using cryptocurrency mined from its solar battery crypto farms, highlighting its leadership in integrating renewable energy with blockchain technology [1][2]. Group 1: Sustainability and Innovation - The company utilizes excess clean energy from its solar farms to mine cryptocurrency, ensuring minimal carbon footprint and addressing environmental concerns associated with traditional mining practices [2]. - CEO Mr. Ho emphasized the transformative nature of this initiative, aiming to redefine value delivery by merging sustainability with shareholder returns, and highlighted a successful US$100 million deal in crypto mining [3]. Group 2: Dividend Mechanism - Shareholders will receive cryptocurrency dividends generated from the solar farm's mining operations, which can be converted to fiat currency, reinvested in the company's expansion, or redeemed within Wang & Lee's ecosystem for various products [6][7]. - The distribution of mined cryptocurrency is facilitated through a regulated digital wallet platform, ensuring transparency and reduced transaction costs [8]. Group 3: Shareholder Engagement and Protection - The company aims to protect shareholders' interests by using crypto dividends to identify and exclude those who have purchased fake shares from naked short sellers, thereby promoting integrity within the shareholder base [3]. - The initiative aligns with ESG principles, appealing to ethically driven investors and fostering loyalty while accelerating the adoption of sustainable technologies [8]. Group 4: Company Overview - Wang & Lee Group is a leader in renewable energy infrastructure and blockchain solutions, operating solar farms across Asia and focusing on innovations that promote ecological and economic progress [9].
Wang & Lee pays Crypto Dividends to Destroy Dishonest Naked Short Sellers and Protect Shareholders