Date: 25 October 2025

Version: 1.0

Virtual Asset Standards

Nova Digital takes into account the following considerations in respect of all Virtual Assets;

1. its market capitalisation, fully diluted value and liquidity, and whether such metrics have trended downwards over time;

2. its design, features and use cases;

3. our need to comply with applicable laws, Regulations, Rules or Directives, including but not limited to those relating to AML/CFT, sanctions, securities, intellectual property, and whether there are any features of the virtual asset which may affect these;

4. regulatory treatment by global authorities relevant to Nova Digital, including to ensure that the virtual asset has received the relevant regulatory approvals;

5. whether a Virtual Asset is prohibited by global authorities relevant to Nova Digital in relation to the Virtual Asset;

6. the security and immutability of the underlying DLT protocol;

7. its future development [e.g. “roadmap”] as communicated by the Issuer and/or relevant developers;

8. whether it may be susceptible to price manipulation for any reason, and we implement transaction and trade monitoring tools as mitigation;

9. conflicts of interest (actual or potential);

10. the background of its Issuer including, but not limited to, relevant experience in the Virtual Asset sector and whether it has been subject to any investigations or claims in relation to fraud or deceit;

11. if the Virtual Asset represents rights to any other assets, the enforceability of such rights;

12. sufficient assets are available to satisfy any obligation with respect to any VA Activities;

13. initially and regularly review the terms and conditions of the Virtual Asset to ensure that they reflect, to the extent possible, the operation of any existing underlying physical market and avoid adverse impacts to such market [if applicable]; and

14. review Virtual Asset terms and conditions on a periodic basis for appropriate correlation with any physical market to ensure such terms and conditions conform to standards and practices in that physical market [if applicable]

Governance and Oversight

Nova Digital shall conduct ongoing assessments of each Virtual Asset in relation to which it provides VA Activities, ensuring continual compliance with its defined Virtual Asset Standards.

The firm shall maintain comprehensive records of all such assessments for a minimum of eight (8) years and make them available to the Virtual Assets Regulatory Authority (VARA) upon request.

Nova Digital shall establish clear conditions under which VA Activities involving a Virtual Asset may be suspended, including circumstances where that asset no longer meets the applicable VA Standards and shall implement robust operational procedures and internal controls to execute such actions when required.

In the event Nova Digital becomes aware that a Virtual Asset no longer satisfies its VA Standards, it shall promptly notify VARA and take all necessary remedial measures as directed by the Authority to mitigate any potential adverse impact on clients.

VARA retains the authority to direct Nova Digital to suspend VA Activities in respect of any Virtual Asset where the Authority determines that reasonable grounds exist for such action.