[Coin World] According to the announcement, Walnut Capital Limited, on August 30, 2025, donated CP Token to its directly wholly-owned subsidiary, Kuran Holdings Limited, by Mr. Meng Pinwen, the executive director and controlling shareholder. The Hong Kong Securities and Clearing Limited and the Hong Kong Stock Exchange Limited do not assume responsibility for the contents of the announcement.
According to the gift deed, Mr. Meng Pinwen (holding 56% of the issued shares of Walnut Capital through Linghua Investment Holdings Limited) irrevocably and unconditionally transfers 10,000,000 CoinUp (CP) Tokens to Kuran Holdings, which does not need to pay any consideration and does not bear any repayment obligations, only owning the ownership of the Tokens. Currently, CP Tokens are mainly used and traded on a certain cryptocurrency exchange.
Walnut Capital Group plans to retain this batch of Tokens as reserves, or