Dear Trucpal Token Holders
Thank you for your patience and consistent support. We are thrilled to announce significant progress with the Trucpal team.
1. The Trucpal system has completed a significant upgrade.
As our system launched in 2022 and is delivered to a wide range of truckers, we realize that our business innovations have been a great success: ever-increasing customer adoption and transaction volumes, a stable and efficient system, and a convenient settlement process. In particular, the completion of our landmark two dividends means that the overall Trucpal STO solution we have designed and implemented is perfectly serving our trucking users at all levels while bringing tangible benefits to Trucpal holders.
We constantly listen to our users and focus on their experience. Based on this positive feedback and expectations, we have invested in a significant product upgrade this year, including a brand new user interface and an easier-to-use operating process, pricing and trading models that are more compliant with regulatory requirements and more competitive in the long-term, and system efficiency that has been significantly optimised and improved.
The new system has been deployed, and all customer migrations and application support have been completed. This is not an easy and challenging task, equivalent to replacing a new car on the road with a better engine while you are driving, but we have done it — and it has been well received by truckers. This October, the system successfully completed the hot swap, and users and transactions have resumed steady growth. More importantly, a solid foundation for future development has been laid, and a more solid foundation for future development.
2. Management responsibilities have been realigned.
We recognise that it’s essential not only to innovate our platform for a future competitive edge but also to bolster our market expansion efforts, meeting the expectations of our investors. At the same time, with the initial success of the Trucpal STO, we also need to strengthen the collaboration and communication with our global partners and investors around the transformation of this financial innovation and business model to increase the impact of Trucpal further.
After discussion and voting by the Board of Directors of HGC, the issuer of the Trucapl Token, it is resolved that：
(1) Mr Stanley Wang, an experienced investor and entrepreneur who was formerly a partner of SoftBank Asia Infrastructure Fund and a key investor and partner of Trucpal, will be appointed as the CEO of HGC and will lead and drive the development of Trucpal. Stanley has led and driven the implementation of Trucpal’s STO programme. He is also a cryptocurrency and STO investor, managing and investing in several portfolios, including bitcoin mining/digital finance/blockchain technology.
(2) Appointed Mr Liu Zhanhua as COO, responsible for market development and business cooperation of Trucpal system. Mr Liu is an experienced entrepreneur who participated in the design of Trucpal STO and successfully led the initial customer onboarding and growth, led the design of the current major upgrade of the system, and has extensive experience and insight into the freight logistics market and trucking.
(3) Appointment of Mr Yonghong Xu as CTO.Mr Xu has been involved in the entire process of the Trucpal system from inception to deployment and has extensive experience in architecture design and development management.
The appointment of the above three executives will greatly enhance Trucpal’s efficiency in global cooperation, investor communication, business expansion and revenue growth, as well as product upgrades. All three executives are members of the HGC Board of Directors, and their full biographies can be found in the Trucpal PPM.
3. Launch a new website and dashboard.
Trucpal believes that what we have achieved so far is just the beginning of a much bigger vision. We are not only transforming the freight logistics industry in China, but we are also pioneers in the field of digital assets and security tokens, and Trucpal is exemplary of RWA (Real World Asset) tokenization.
In addition to creating an innovative ecosystem, our mission will also include a more transparent governance system and crypto-financial innovation. This is because we will be launching the implementation of a brand new website platform to capture this value, which includes real-time key operating metrics that culminates in better disclosure and transparency.
In our plans, we will also include more information related to cryptocurrencies and new business launches, the Trucpal’s new domain name and website have been officially launched. And it will be continuously updated and optimised.
Trucpal Offical website: https://xtrucpal.com
Web Dashboard:https://dashboard.xtrucpal.com/
Mobile Dashboard: https://dashboard-mobile.xtrucpal.com
4. A new step, a new issuance of Trucpal tokens.
Over the past year, as we continue to reach new milestones, we continue to meet and exceed the expectations of our users and investors. We realised that we needed to challenge ourselves further and innovate more deeply.
We decided to bring more operational entities into the Trucpal ecosystem. We have successively completed the signing of Benefit Transfer Agreements with other regional companies of HGC, and the revenues generated by these companies from the adoption of the Trucpal system will be distributed in the same proportion to the Trucpal token holders.
We have decided to expand our commercial adoption of crypto-finance and cryptocurrencies further to create more forms of revenue and sources of income for Trucpal Token holders by introducing these innovative technologies and businesses.
All this planning has been updated in our new prospectus with full and detailed disclosure (including new revenue streams, new businesses, and management team), and the new SEC filing has been completed.
We will close the tranche of Trucpal Token Offerings soon. As the new prospectus completes its legal review, we will join you in witnessing the development of a new Trucpal STO offering and ecosystem.
We extend our heartfelt gratitude to every Trucpal Token investor. Your commitment and trust have been pivotal during our challenging early stages. We are also very proud of our success in delivering substantial returns and sustainable growth for our token holders. It’s an honour to have provided this early opportunity, and we’re excited about our shared future.
Best Regards
Trucpal Team
November 13, 2023
