OSL Virtual Assets Admission and Removal Rules

May 13, 2026

1. Introduction

OSL Bermuda Limited (hereinafter referred to as the "Company"), operates a virtual asset trading platform under the brand name OSL, committed to providing secure, transparent, and efficient virtual asset trading services. To ensure the quality, compliance, and market stability of virtual assets listed on the platform, the Company has established these Virtual Assets Admission and Removal Rules (hereinafter referred to as the "Rules"), which outline the standards for the listing and delisting of virtual assets.The Company delegates the responsibility of reviewing, recommending, and determining token admissions to the Company’s New Product Committee (the “NPC”). The NPC is responsible for conducting risk analyses, monitoring admitted virtual assets and ensuring ongoing compliance. It should be noted that the considerations and factors outlined in this summary are not exhaustive and do not solely determine the success or failure of an application.These Rules apply to the evaluation and management of all virtual assets and project parties on the OSL platform. The Company reserves the final right of interpretation of these Rules, as well as the independent discretion to list, delist, impose trading restrictions, suspend trading, or take other actions with respect to virtual assets, in order to safeguard the interests of the platform, users, and the overall market.

2. Definitions

  • Delisting: The process of withdrawing a virtual asset from the OSL platform and discontinuing its trading services.

  • Exchange Rules: The OSL Exchange Rules and any rules (including but not limited to these Rules) in relation to any token offerings or trading which the Company may implement and publicize on its website from time to time.

  • KYC/AML: Know Your Customer and Anti-Money Laundering requirements.

  • Listing: The process of admitting a virtual asset to the OSL platform for user trading.

  • Listing Agreement: the agreement between a Project Party and the Company that defines the commercial, technical, and regulatory terms under which a specific Token is admitted to and maintained on the OSL platform.

  • Material Change: Any significant alteration that may impact a Token’s compliance, market performance, or user interests, including but not limited to changes in the project team, technical upgrades, or legal proceedings.

  • Project Party: The issuer of a Token or its authorized representative.

  • Regulatory Compliance Requirements: Applicable laws, regulations, regulatory guidelines, and industry standards in all jurisdictions where the Company operates or is regulated, including but not limited to KYC/AML, data protection, and virtual asset-related laws.

  • Temporary Trading Suspension: A temporary halt of Token trading due to regulatory or other significant issues until resolution.

  • Token: Any virtual asset tradable on the OSL platform, including but not limited to stablecoins and utility tokens.

3. Token Listing Rules

3.1 Listing Process

Admission Process

  1. Application Submission: Project Parties provide due diligence materials, including without limitation, whitepaper, team backgrounds, legal opinions, and security audit reports.

  2. Initial Review: The Company listing team reviews and verifies the completeness of submitted materials.

  3. NPC Review: A multi-disciplinary review by committee members in comprehensive aspects. Members must declare and recuse themselves in case of any conflicts of interest.

  4. Technical Integration: Upon approval, the Company completes wallet integration and deposit/withdrawal testing.

  5. Launch Announcement: A public announcement is issued detailing the listing date, trading pairs, and associated risks with product and risk disclosure.

  6. Periodic Reviews: The NPC conducts periodic regular reviews (at least annually) to ensure continued eligibility and suitability. Ad hoc reviews are triggered by significant technical updates or security breaches.

  7. Regulatory Requirements: The NPC will also consider and review the supply, demand, maturity and liquidity of a virtual asset.

  8. Absolute Discretion and Ongoing Due Diligence: The Company is entitled to request in its sole discretion for due diligence, internal control, regulatory compliance, legal or risk management purposes any information and documents regarding the Project Party and its virtual assets at any time before and after the listing date, which will determine in its sole discretion the suitability of the relevant virtual asset for listing on the OSL platform.

3.2 Project Party Disclosure Obligations

Project Parties must promptly and accurately disclose all information that may materially affect the Token, ensuring disclosures are true, complete, and free from false, misleading, or deceptive statements, and do not contain material omissions.Project Parties are obliged to disclose the following Material Changes via official channels (e.g., websites) or in writing to the Company:

  • Team Changes: Departure, dissolution, or significant personnel adjustments of core team members.

  • Technical Changes: Mainnet switches, smart contract upgrades, hard forks, or other technical developments.

  • Legal Matters: Any threatened, pending, or ongoing legal proceedings (civil, criminal, administrative, formal or informal, direct or indirect) involving the project or Token.

  • Project Progress: Significant deviations from the whitepaper, such as delays in development plans or changes in fund usage.

  • Security Incidents: Vulnerabilities, hacks, or double-spending attacks on the blockchain or smart contracts.

  • Regulatory Updates: Reclassification of the Token as a security or restricted asset, or involvement in regulatory investigations.

  • Other Material Events: Any event impacting Token compliance, any Material Change in the Project Party’s business or any regulatory action taken against the Project Party, market performance or user interests.

4. Token Delisting Rules

4.1 Delisting Criteria

The Company reserves the absolute right and sole discretion to suspend or delist any Token when deemed appropriate or necessary. Such actions may be triggered by, but are not limited to, the following broad categories of risk:

  1. Legal & Compliance Issues:

    The Company may delist a Token if the Project Party is involved in suspected fraud, illegal activities, or faces material legal and regulatory proceedings. This also includes significant compliance risks, such as the Token's potential reclassification as a security, or severe negative publicity that compromises the platform's regulatory standing.

  2. Technical & Security Risks:

    A Token may be suspended or delisted if it experiences material technical defects, network instability, or severe security breaches that threaten asset integrity. Delisting may also occur if the Project Party fails to remediate vulnerabilities, manage mainnet swaps, or handle hard forks in a timely and secure manner acceptable to the Company.

  3. Market Risks:

    The Company may remove Tokens exhibiting sustained low trading volume, inadequate market depth, or signs of extreme price manipulation. Furthermore, any suspected abnormal trading practices by the project team or the Token's delisting by other major platforms will constitute grounds for immediate suspension.

  4. Operational Issues:

    Delisting may be triggered by material adverse changes to the project's operations, such as the dissolution of the core team, project abandonment, or a significant lack of ongoing development. The Company will also delist any Token whose continued support poses a reputational risk to the Company or erodes user trust in the platform.

  5. Other Circumstances:

    The Company may delist a Token due to any breach of these Rules, the Listing Agreement, or any other agreements entered into with the Project Party. Ultimately, the Company retains the unilateral right to suspend or delist any Token for any other reason it deems appropriate to protect its operational, commercial, and user interests.

4.2 Delisting Process

The Company reserves the absolute right to determine the timing and execution of any Token suspension or delisting. While the Company operates at its sole discretion, the delisting process will generally encompass the following key actions:

  1. Decision and Notification: Upon a delisting decision by the NPC, providing public notice of the arrangements, while explicitly reserving the right to execute immediate, unannounced suspensions in emergencies.

  2. Suspension: Halting all deposits and trading activities for the affected Token, and automatically canceling all related unexecuted orders.

  3. Asset Withdrawal: Offering a reasonable grace period for users to withdraw the affected Tokens to external wallets, strictly conditional upon the technical feasibility and underlying network stability of the Token.

4.3 Temporary Trading Suspension

The Company may, in consultation with the Project Party, temporarily suspend trading due to regulatory issues or technical upgrades until resolved.

  • Process:

    • The Company engages in good-faith discussions to assess issues and develop solutions.

    • Both parties await guidance from relevant regulators during suspension.

    • Decisions balance mutual interests and market integrity, without affecting delisting rights.

  • Notification: The Company notifies users in advance via website, email, and social platforms, detailing reasons and expected duration.

5. Risk Disclosure and User Protection

5.1 Risk Disclosure

Virtual asset investment and trading carry high risks. Users must refer to the Company’s risk disclosure statement for all relevant risks.

5.2 User Protection Measures

  • Transparency: The Company regularly updates Token information, including project progress and audit reports.

  • Customer Support: 24/7 assistance for asset-related issues.

  • Dispute Resolution: Users may appeal listing/delisting decisions via official channels; the Company reviews within a reasonable timeframe but retains final decision-making authority.

6. Regulatory Compliance and Auditing

  • The Company continuously monitors Token compliance during listing and delisting, making independent decisions based on regulatory standards.

  • Token issuers must provide ongoing compliance information (e.g., financial reports, KYC/AML updates) as required by the Company.

  • The Company reserves the right to report token-related anomalies to regulators.

7. Miscellaneous

7.1 Rule Updates

The Company may revise these Rules based on regulatory standards, market conditions, or operational needs, with updates effective upon announcement. Continued use of the platform constitutes acceptance of revised Rules. In case of inconsistency between the English and Chinese versions of these Rules, the English version shall prevail.

7.2 Scope of Application

  • These Rules apply to all Token trading, management, and related services on the the Company.

  • In case of inconsistency with applicable regulations, regulatory standards prevail.

7.3 Contact Information

Users may contact the Company for support via: