Lion Group Holding Ltd. announced it signed a letter of intent with Hong Kong New Full Rich Ltd. ("New Full Rich"). Under this investment agreement, the two parties will cooperate to construct and operate an encrypted digital currency mine project ("the Project") in Tajikistan through Ganj Technology (the "Target Company"), a company owned by New Full Rich. New Full Rich specializes in the construction, development and operation of overseas digital mines and digital mining business. The Target Company has received strong support from Tajikistan's government, including the President's Office and 12 government departments. The first phase of the Project will focus on a free trade economic zone, establishing a 150,000-load mining site that incorporates industry licenses, energy loads, electricity prices and other relevant operating conditions, in addition to signing a sole protection agreement with the free trade economic development zone. The first phase of construction for the digital mine infrastructure and power-on operation is expected to be completed in the first quarter of 2022, and the project's annual profit is expected to be no less than USD 25 million. In addition, the two groups will gradually promote the construction of a 300,000-load mine field for the second phase of the Project.