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1. Constituent Review – ixCrypto Index Series

1. 1. ixCrypto Index (“IXCI”)
The number of constituents will remain at 19 with no additions and deletions.

Additions:
No addition

Deletions:
No deletion

The free float adjusted market capitalization coverage is 84.26%* (excluding stablecoins, which represents 10.90% of the total crypto universe), while the 90-day-average volume is 77.36%*. The recapping at 40% will take effect on the effective date.

Since the last review, there has been a decrease in the crypto total market capitalization from USD3.38T to USD2.62T (-22.53%)^#, and a decrease in the daily volume from USD157.69B to USD108.17B (-31.40%)^#. Bitcoin remains the largest crypto in the constituent list, with its price decreased by 24.58% since the last review.

1.2. ixCrypto Portfolio Indexes

1.2.1 ixCrypto 5 Equal Weight Index (“IXEW5”) and ixCrypto 5 Square Root Index (“IXSR5”)

Additions:
No addition

Deletions:
No deletion

1.2.2 ixCrypto 10 Equal Weight Index (“IXEW10”) and ixCrypto 10 Square Root Index (“IXSR10”).

Additions:
No addition

Deletions:
No deletion

1.2.3 ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 Square Root Index (“IXASR10”).

Additions: Monero

Deletions: Chainlink

1.3. ixCrypto BTC/ETH Indexes
As of the cut-off date on 31^st March 2026, the ixCrypto BTC/ETH 50/50 Index (“IX5050”) maintains a 50%/50% weighting for the ixBitcoin Index “IXBI” and ixEthereum Index “IXEI”. The ixCrypto BTC/ETH Proportional Index (“IXPI”) has a weighting of 83.12% and 16.88% for IXBI and IXEI, respectively.

At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 84.53% and 15.47% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date.

1.4. ixCrypto Stablecoin Index
The number of constituents will remain at 6 (Appendix 5). Stablecoin comprises 10.90% of the total crypto universe, and ixCrypto Stablecoin Index covers 98.26% of the 90-day average market capitalization in the stablecoin universe.

2. Exchange Review
To ensure the fairest price objective, all indexes are calculated based on average of multiple exchanges. As a result of exchange review, 10 exchanges passed the review process, which are as follows:

1. Binance
2. Pionex (ADDITION)
3. BitMart (ADDITION)
4. MEXC
5. LBank
6. Bybit
7. Gate.io2
8. Kucoin
9. Crypto.com Exchange
10. Coinbase Exchange

Deletion

1. Huobi Global
2. OKEx

The selected 10 exchanges will be used to generate each of the fair average prices for the IX indexes’ constituents. The exchange review covers volume rankings, exchange background checks, founders’ background checks, USD/USDT/USDC/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange.

For more details about our exchange selection criteria, please email [email protected]. More information on the ixCrypto Indexes, including their constituents and constituents’ weights, is provided in the Appendices, or refer to the website https://ix-index.com/.

*Exclude stable coins and coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020)
#As of 31^th March 2026, based on the past 90 days average
XXXX ^(ADDITION)Newly introduced exchanges as of 2026 Q1

Appendix 1

Appendix 2

As of 31 March 2026

# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not the same as 90-day-average-Market Cap

Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website

Appendix 3

As of 31 March 2026

Appendix 4

As of 31 March 2026

Appendix 5

As of 31 March 2026

Appendix 6

Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage and Bloomberg Page IXCI <GO>. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.

The vendor tickers are shown below:

For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series and EOD indexes, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes

For data licensing and product, please contact us at [email protected].

For free API use on academic research or trial, please contact [email protected]



Hashtag: #ixCryptoIndex

The issuer is solely responsible for the content of this announcement.

About IX Asia Indexes and IX Asia Index Advisory Committee

IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into over 40 indexes designed for exchange futures products, mark-to-market, and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.

IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2022 UKAS certification.

Website: https://ix-index.com/

Advisory Committee: https://ix-index.com/committee.htm

About IX Crypto Indexes

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI <GO>. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged. Wechat: 信昇亞洲指數.

The dispute sits inside a broader U. S. tariff reset. In March, the USTR opened Section 301 investigations into structural excess capacity in manufacturing across 16 economies, including Singapore, and launched another set of probes into whether about 60 economies have failed to prohibit or effectively enforce bans on imports made with forced labour. Reuters reported that the Trump administration moved down this route after a Supreme Court ruling in February struck at the legal basis of a large part of its earlier tariff framework, prompting Washington to search for narrower but still forceful trade instruments. USTR said comments were due by April 15, with hearings on forced labour beginning on April 28 and on overcapacity from May 5.

Singapore’s central argument is that the U. S. portrayal of the bilateral trade balance is flawed. In its submission, the Ministry of Trade and Industry said the United States has run a consistent overall trade surplus with Singapore for more than two decades. Data cited by Singapore from U. S. agencies show America posted a goods trade surplus of US$1.9 billion and a services trade surplus of US$25.1 billion with Singapore in 2024, with those surpluses rising in 2025 to US$3.6 billion and US$29.6 billion respectively. Singapore also said the U. S. recorded sectoral surpluses in semiconductors and electrical equipment as well as petrochemicals, undercutting the suggestion that exports from Singapore into the American market are being fuelled by a broad pattern of manufacturing distortion.

That matters because Washington’s overcapacity inquiry is built around the idea that some trading partners maintain large or persistent surpluses, idle production or both, allowing them to push artificially cheap goods into world markets. Singapore’s reply does not deny that the U. S. is entitled to examine trade imbalances, but it says its own industrial base does not fit that template. Officials pointed to manufacturing-space occupancy holding around 90 per cent over the past five years, which they said is consistent with advanced-economy norms and inconsistent with the claim of large underused capacity. Singapore further argued that, given land scarcity, it would run against policy and economic logic for industrial land to be left substantially idle.

On the labour side, Singapore’s response is equally direct. The government said it does not condone forced labour in supply chains and has legal and enforcement mechanisms to address such practices. Channel NewsAsia reported that Singapore told U. S. investigators it has a comprehensive domestic framework against forced labour and against the importation of goods produced through it. That is an important distinction, because the U. S. probe is not confined to labour abuses inside a country’s own factories; it is also examining whether governments adequately prevent tainted goods from entering their markets and then moving through global trade channels.

The business implications extend beyond Singapore. The U. S. investigations cover major manufacturing and export economies across Asia and Europe, and any eventual remedies could include new duties or other restrictions before temporary tariffs expire in July, according to Reuters and trade-law analyses tracking the dockets. For companies, that raises the prospect of higher compliance costs, closer supply-chain screening and a wider blending of trade policy with labour-rights enforcement. Singapore’s case is being watched because it is a high-value manufacturing and logistics hub with deep exposure to electronics, pharmaceuticals, petrochemicals and re-export trade, sectors where even modest tariff changes can alter sourcing decisions.

Politically, the row is awkward for both sides. Singapore is not only a long-standing U. S. economic partner; its free-trade agreement with Washington remains America’s only such pact with a South-east Asian trading partner. Singapore has said bilateral trade and investment support around 350,000 jobs in the United States, while its direct investment stock there reached US$71.7 billion in 2025. That does not shield it from a more aggressive U. S. trade climate, but it does give Singapore a stronger basis than many others to argue that the relationship is balanced, rules-based and mutually beneficial.

Following the rollout of AI Compute Service in Hong Kong (China), Thailand, Indonesia, and Singapore in 2025, Huawei Cloud MaaS (Model-as-a-Service) is now available, leveraging Huawei’s in-house acceleration engine to support mainstream models and provide customers with stable and high-quality token services.

Huawei Cloud continues to strengthen its collaboration with high-quality open-source models in the industry. Six models from three categories—GLM, DeepSeek, and Qwen—are the first to be supported by MaaS. These models are designed for two major application scenarios: intelligent Q&A and AI coding. They offer one-click access and out-of-the-box model hosting services, covering the entire lifecycle of model management from deployment to inference, fine-tuning, and evaluation. With elastic compute and pay-per-use billing, enterprises and developers can quickly integrate AI capabilities into their service systems without having to worry about the underlying infrastructure. This makes AI accessible to everyone.

Notably, this release includes support for the latest GLM-5 model. GLM-5 has attained state-of-the-art (SOTA) performance in coding and agent capabilities, making it an ideal general-purpose agent foundation for complex system engineering and long-text agent tasks in enterprise environments.

Huawei Cloud’s long-term strategic investment in AI has resulted in a comprehensive suite of AI solutions, including CloudMatrix AI Infra, MaaS, ModelArts (a model training and inference platform), CodeArts (a coding agent), AgentArts (an agent platform), and DataArts (a data agent).

CodeArts and AgentArts will be launched outside the Chinese mainland in the second half of 2026.

Huawei Cloud has established an optimized cloud infrastructure network in the Asia Pacific region. This network comprises five Regions and 18 availability zones (AZs) located in Singapore, Thailand, Hong Kong (China), Indonesia, and the Philippines, ensuring a 50 ms access latency. Additionally, in Malaysia, Huawei Cloud and partners have jointly built a local cloud.

Huawei Cloud AI Compute Service have helped many Asia Pacific customers elevate their cloud journey from simply migrating to the cloud to using AI well. They have benefited from improved productivity and better adaptation to changing environments.

iFLYTEK, a leading intelligent voice and AI company, selected Singapore as the first destination for its global expansion strategy in 2023, naturally extending its collaboration with Huawei Cloud from China to a global scale. Huawei Cloud AI Compute Service helped iFLYTEK quickly deploy their large language model training resources within two weeks. The training remained stable for 60 days without interruption, ensuring zero faults during the release of major versions.

In Vietnam, Green and Smart Mobility (GSM), an emerging green mobility platform, migrated its core operations platform to Huawei Cloud to reduce costs, enhance efficiency, and achieve multi-cloud flexibility. GSM has developed a comprehensive fleet management platform using AI and IoT. By utilizing Huawei Cloud IoTDA and ModelArts AI technologies, GSM analyzes violations and generates risk alerts to ensure driver and passenger safety, thereby fulfilling its mission of promoting green and safe transportation.

Huawei Cloud will continue to invest in AI innovation and provide a secure, stable, and intelligent cloud foundation to help enterprises in Asia Pacific achieve sustainable business growth in the AI era.



Hashtag: #HuaweiCloud #MaaS #AI #Token

https://www.huaweicloud.com
https://www.linkedin.com/company/huaweicloudapac
https://x.com/huaweicloudapac
https://www.facebook.com/HuaweiCloudAPAC
Wechat: 亚太华为云

The issuer is solely responsible for the content of this announcement.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have 207,000 employees and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organisation for a fully connected, intelligent world. To this end, we will work towards ubiquitous connectivity and inclusive network access, laying the foundation for an intelligent world; providing diversified computing power where you need it, when you need it, to bring cloud and intelligence to all four corners of the earth; build digital platforms to help all industries and organisations become more agile, efficient, and dynamic; and redefine user experience with AI, making it smarter and more personalised for people in all aspects of their life, whether they’re at home, on the go, in the office, having fun, or working out. For more information, please visit Huawei online at www.huawei.com

Pressure on the economy is already visible in trade and commodity data. Merchandise trade with the Middle East has been hit by shipping disruption linked to the conflict, even as stronger exports to the United States helped keep March’s overall trade deficit lower than expected. At the same time, the fertiliser bill has jumped sharply: urea import offers to Indian Potash Ltd clustered near $1,000 a tonne this week, roughly double the level seen two months ago, raising the prospect of a larger subsidy burden just as the kharif cycle approaches. For policymakers, that combination matters because it hits both external accounts and domestic costs, especially in food production.

Energy remains the central fault line. The Strait of Hormuz handles about a fifth of global oil and gas shipments, and for India it is a vital corridor for roughly half of crude and LPG imports. That vulnerability has been laid bare by delays to vessel movements and the stranding of India-flagged ships in the Gulf. Iran’s envoy in New Delhi has denied any toll demand on tankers, and India has also said no such payments were made, but the broader message from the episode is that the route can no longer be treated as a routine artery for commerce when conflict risk is this high.

Oil traders have taken some comfort from ceasefire diplomacy and indirect talks between Washington and Tehran, yet prices remain elevated because markets do not believe a durable fix is close. Brent crude was still around $95 a barrel on April 16, and analysts say disruptions to flows through Hormuz remain severe. That leaves New Delhi facing a familiar but uncomfortable calculation: protect households from a fuel shock and risk wider fiscal stress, or let higher import costs work their way through the system and accept stronger inflation. The International Monetary Fund and World Bank have both warned that the conflict could scar global growth, raise prices and impose lasting damage even if the battlefield quietens.

Those warnings matter because the shock is broader than petrol and diesel. Wholesale prices are already climbing, and manufacturers are absorbing costlier freight, energy and feedstock. Fertiliser is a particular worry. If elevated urea prices persist, the state may have to spend more to shield farmers, while any squeeze on supply would carry risks for sowing costs and food inflation later in the year. Economists have argued for targeted support rather than broad subsidies, but that is easier said than done in a country where energy and fertiliser costs have immediate political as well as economic consequences.

There are, however, offsets that could soften the blow. March trade numbers showed that stronger shipments to the United States helped compensate for weaker business with the Middle East, and India continues to diversify its energy basket through Russian supplies and other alternatives where pricing works in its favour. A sanctioned LNG cargo from Russia is heading to Dahej, underlining the government’s willingness to prioritise supply security and consumer interests over diplomatic noise around purchasing patterns. That flexibility has given India more room than many pure importers, though it does not erase the strategic dependence on Gulf routes.