mF International Limited announced the resignation of long‑time CEO Haoyu Wang effective November 24, 2025, and the appointment of serial entrepreneur Dawei Yuan as the new Chief Executive Officer and Chairman of the Board. Yuan, who founded Red Dot Technology Limited and co‑founded ColdLar Wallet, brings more than a decade of blockchain and digital‑asset operations experience.
The leadership change coincides with the company’s launch of a digital‑asset treasury strategy, announced on November 21, 2025. The strategy will allocate a $500 million private placement of accredited institutional investors to purchase Bitcoin Cash (BCH) and other digital assets, positioning the treasury as a hedge against inflation and a potential source of shareholder value.
mF International has been operating at a loss, reporting an EBITDA of –$3.43 million for the most recent quarter. The company’s revenue has averaged a 9.2 % annual drop, and its operating margin stands at –94.58 % with a net margin of –98.91 %.
The new CEO’s background in blockchain infrastructure is expected to accelerate the execution of the treasury plan. Yuan’s previous roles—operations director at Huobi (2013‑2015) and director at Trend Up Investment (since 2023)—demonstrate his ability to scale digital‑asset operations and manage large‑scale treasury portfolios.
Management commentary underscores the strategic intent behind the pivot. Haoyu Wang said, “I am grateful for the opportunity to have served as CEO of mF International, and I am confident that the Company is in excellent hands with Dawei at the helm.” Yuan added, “The digital‑asset treasury strategy announced last week represents a bold vision for creating long‑term shareholder value. I look forward to working with the talented team at mF to execute our treasury strategy while maintaining our commitment to operational excellence.”
Investors and market participants are watching how the new leadership will translate the treasury strategy into tangible returns, given the company’s current financial challenges. The $500 million private placement, expected to close around December 1, 2025, provides the capital needed to deploy the digital assets, but the company’s weak earnings profile and negative margins suggest that execution risk remains high.
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