OSL Group Limited

Good morning, ladies and gentlemen, and thank you for joining OSL Group's 2026 Interim Results Presentation. My name is Tiffany, Director of Corporate Development, and I will be moderating today's session. Joining me from Senior Executive Management are Kevin Swait, Executive Director and Chief Executive Officer, Ivan Wong, Executive Director and Chief Financial Officer, Today's session will be conducted in English with simultaneous interpretation into Chinese. And we expect it to run for approximately an hour. Management... Oh, sorry. Management will begin with an overview of our interim results, followed by a Q&A session. A few housekeeping notes before we begin. The chat function has been set to direct messages to me as moderator. You are welcome to submit questions at any point during your presentation. And we would thank you to include your name and organization when doing so. Questions may be submitted in either English or Chinese. All responses will be given in English. Please note that this presentation is for informational purpose only. It does not constitute financial advice, nor as an offer or solicitation to buy or sell any securities. Today's presentation will cover three key areas. The OSL opportunity, business highlights, financial and operational updates, strategy and outlook. Without further ado, I'm pleased to hand over to our Chief Executive Officer, Kevin Tsui, who will begin with the OSL opportunity. Kevin, over to you.

Thank you. Good morning, everyone. Let's start with the OSL opportunity. Our vision, our mission is simple, to make money move as freely as information. To achieve this, we are scaling OSL into a global stablecoin infrastructure company. Guided by our founding principles, open, secure, and licensed, we will continue to build essential payment rails for our partners and users, bridging traditional finance and the digital assets ecosystem. As the largest B2B stablecoin payment infrastructure company globally, the first half of 2026 demonstrates its scale of the transition. The USD goal has scaled to 1.2 trillion 1.2 billion USD in circulation in August, 24 times in its February level, and now the 6th largest compliant stablecoin globally. Also, approximately 90% of our revenue involves stablecoins and revenue outside Asia Pacific grew 10 times as our newly licensed markets became active. That commercial momentum flows through to the financials. Total transaction volume increased over 240% year-on-year to 172 billion HK dollars and that increased the reported revenue by 66% to 52 billion HK dollars. Underpinning all of this is our regulatory foundation. over 50 licenses and registrations across 11 major jurisdictions, especially in Asia Pacific, Europe, and North America. That progress has been recognized externally. We were included in the Hansen Composite Index for the first time this year, alongside our continued inclusion in the MSCI and FTSE indices. and were recognized once again among the world's top fintech companies by CNBC and then named as the Excellence Performer for Digital Innovations by Bloomberg. We are currently facing a once-in-a-generation opportunity as the financial world shifts from a fiat-based financial market infrastructure to a stablecoin-based one. Traditional finance still runs on the legacy Swift rail, a system largely has been changed since 1977 that remains manually fragmented and burdened by long settlement cycles. OSL is bridging this structural gap by pioneering a modern financial alternative. By transitioning to a stablecoin-based infrastructure, we facilitate 24-7 instant on-chain settlements and a fully automated rule-based and programmable execution. It is also a native support for the emerging AI-driven agentech payments. These are two mega trends driving this shift. Stablecoins and the AI agentech economy and the OSL is well positioned to capture these opportunities. Firstly, on stablecoin adoption, stablecoin transaction volume is a project to compound at over 62% annually through 2030. and within that, B2B payment is the growth engine forecast to compound on over 95%. We are positioned in the fastest growing part of the multi-trillion dollar market. Secondly, the AI agentic economy. We are witnessing the explosive emergence of agentic economy from effectively zero in April last year to over 1.4 million. Argentic transactions have already been processed up to February 2026. And around 40% of enterprise applications are expected to embed AI agents in this year, up from less than 5% September last year. As machine-to-machine commerce takes over, traditional payment rails simply can't keep up. 24-7 on-chain settlement is no longer possible. It's a critical infrastructure. OSL is building the foundation layer that makes this agenda economy possible. OSL Global Platform is the definitive infrastructure to make money move as freely as information. OSL access the bridge between fiat currency and stablecoins. And we achieve this through our four core capabilities. Global connectivity, global licenses, Instant Settlement, and Deep Liquidity. These capabilities are the foundation of three business lines. Our payment business covers on- and off-ramp stablecoin distribution and cross-border payments. Our trading business covers OTC, exchanges, and custody. And our platform business provides infrastructure to our institutional partners across our settlement network. We support major regulated stablecoin alongside USDO. At the center of the network sits USDGO. It's deeply integrated with our entire infrastructure. USDGO moves through our existing settlement flow, B2B cross-border payments and institutional fund flows, distributed through our own venues and licensed partners. The reach of this infrastructure is already substantial. we integrate with over 100% blockchain networks, pay in and pay out through more than 17 banks and payment corridors, and support over 30 fiat currencies, 365 days a year. Today, OSL is enabling money to be moved in any currency, anywhere, anytime, and in any size. Now, let us zoom in on the four core capabilities that differentiate OSL from our peers. First, global connectivity. We act as the primary bridge between fiat and digital assets, supporting over 30 fiat currencies and connecting more than 17 banks and payment networks across over 100 blockchain networks. Global licenses With over 50 licenses and registration across 11 major jurisdictions and a unified KYC and KYB framework, we have built a foundation of institutional trust. This is the hardest part of our business for others to replicate. Third, instant settlement. We have engineered agentic ready rails that enable machine speed efficiency supported by 3 and 65 24 and 7 localized operations. Finally, deep liquidity. We aggregate liquidity across partners and regions and combined with our in-house exchange and OTC capabilities, routing every transaction along the optimal path for cost, speed, and pricing. Together, these capabilities are how we are defining the next generation of financial market infrastructure for stablecoins and AI. Thank you.

Thank you, Kevin, for the insightful updates. Ivan, our Chief Financial Officer, will now take us through Section 2. This is highlights and Section 3, financial and operational updates. Ivan, over to you.