Recently, FFAI (FF), a company under the leadership of Jia Yueting, made an announcement. It revealed its intention to independently spin off Crypto&C10 along with its cryptocurrency-related assets and businesses, and to facilitate their listing. The company has plans to swiftly establish a second independently listed entity that will be under the control of FFAI. The board of directors has given its green light to this spin-off strategy. Currently, they are engaged in intensive communication with investment banks and other relevant parties. The pertinent plans and the progress made will be disclosed to the public on September 19th.