Wang & Lee pays Crypto Dividends to Destroy Dishonest Naked Short Sellers and Protect Shareholders
05 March 2025 - 1:30AM
Wang & Lee Group (NASDAQ: WLGS) today announced a
groundbreaking milestone, Makes Legendary History as first Hong
Kong Company to distribute shareholder dividends using
cryptocurrency mined exclusively through its solar battery crypto
farms. This bold initiative underscores the company’s leadership in
merging renewable energy solutions with cutting-edge blockchain
technology, setting a new standard for sustainable corporate
practices.
A Visionary Leap Toward
Sustainability
Wang & Lee Group’s dividend payment
leverages cryptocurrency mined via its proprietary solar battery
crypto farms, which harness excess clean energy generated during
peak production hours. By converting unused solar power into
digital assets, the company ensures its crypto-mining operations
leave a minimal carbon footprint—a direct response to growing
environmental concerns around traditional cryptocurrency
mining.
CEO Statement: Leading with
Purpose
Mr. Ho, CEO of Wang & Lee Group, stated,
“Today marks a transformative moment for our shareholders and the
broader financial ecosystem. By integrating our solar energy
infrastructure with blockchain innovation, we’re redefining what it
means to deliver value responsibly. This isn’t just about
profitability—it’s about pioneering a future where sustainability
and shareholder returns go hand in hand where renewable energy
meets blockchain innovation. Having successfully locked down the
US$100 million deal in crypto mining, we foresee the company will
be profitable and we would like to reward our shareholders in the
form of cryptocurrency by way of dividends payout. In an
unprecedented move in allowing shareholders to use crypto dividends
within our ecosystem or to cash out for fiat, we’re fostering
loyalty and accelerating the adoption of sustainable technologies.
After extensive board discussions, in order to protect our
shareholders’ voting rights and interests, we decided to use crypto
dividends to reveal naked short sellers looking to profit out of
illegally selling fake shares. In the verification process,
shareholders who have bought fake shares from naked short sellers
will not be entitled to their crypto dividend. Crypto and share
count can easily reveal who are genuine or fake shareholders. On a
quest to hunt down dishonest brokers, we are considering engaging
Shareintel to track and count naked shorts.”
How It Works
-
Dedicated Energy Utilization: Energy is in
on-site, high-efficiency cryptocurrency mining rigs.
- Solar
Energy Generation: The company’s solar farms produce clean
energy, powering local communities and village homes in the New
Territories in Hong Kong.
- Dividend
Conversion: Mined cryptocurrency (e.g., Bitcoin) is
securely distributed to shareholders via a regulated digital wallet
platform, offering transparency and reduced transaction costs.
Benefits for Shareholders
-
Eco-Conscious Returns: Dividends align with ESG
(Environmental, Social, Governance) principles, appealing to
ethically driven investors.
-
Blockchain Efficiency: Instantaneous, secure
transactions with verifiable blockchain records of payment to
shareholders.
-
Future-Forward Value: Participation in the growing
digital asset economy.
Shareholders will receive cryptocurrency
dividends generated by the solar farm’s mining operations, which
can be utilized in three ways:
- Convert to Fiat Currency:
Sold via partnered exchanges for traditional cash.
- Reinvest in Expansion:
Purchase additional crypto-mining farms or services directly from
Wang & Lee.
- Ecosystem Engagement: Redeem
within Wang & Lee’s growing ecosystem for future products,
including lithium ion batteries, artificial intelligence (AI) smart
home devices, solar panels and other green energy solutions.
About Wang & Lee GroupWang
& Lee Group is a Hong Kong-listed leader in renewable energy
infrastructure and blockchain solutions. With a mission to
accelerate the global transition to sustainable technologies, the
company operates solar farms across Asia and invests in disruptive
innovations that bridge ecological and economic progress.
For media inquiries, contact:
WANG & LEE GROUP, Inc.
Website:
https://www.wangnleegroup.com/
Email: ir@wangleegroup.com
This press release contains
forward-looking statements subject to risks and uncertainties.
Actual results may differ materially.
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