WHITE PAPER

Blockchain Ecosystems

1st June 2018Version 1.0

HWGG CAPITAL P.L.C

HWGG Capital P.L.C’s vision is to have assets on blockchain be not only available to industry insiders,

but rather something that can be used by any individual in the “real world”.

Additionally, with the emergence of more and more different tokens, a growing number of users and

businesses truly struggle to leverage on the existing infrastructure to make this interconnectedness of

physical and virtual platforms become a reality.

At HWGG Capital P.L.C’s, we strive to offer the user access to as large as possible a range of blockchain

assets at a maximum degree of convenience, while adhering to the highest security standards in the

ecosystem.

We are able to do this by integrating the blockchain technologies, introducing HWG Cash Tokens, a

wallet payment app, leveraging on our network of online/offline businesses, remittance/currency

exchange providers and digital currency exchange platforms to form a solid, worldwide, instantaneous

and low-cost manner blockchain ecosystem.

To the end-user, we offer the HwgX app, a blockchain payment system which wallet system that can be

funded not only with blockchain assets such as Ethereum (ETH) and HWG Cash as currently possible,

but also with virtually any blockchain asset in time to come.

Moreover, users and businesses can exchange their blockchain assets seamlessly from one user to

another in a lightning fast, secure and decentralized manner, removing any risk that is usually associated

with centralized solutions.

Aside from that, our company will be introducing a stable fiat-pegged blockchain asset which we believe

is the solution to the current barrier of blockchain assets adoption in the market. The main point that we

are addressing here is the inability to do blockchain assets settlement quickly and safely due market

risks such as high volatility in pricing and unstable liquidity.

BLOCKCHAIN ECOSYSTEMS

Introduction

HWGG Capital P.L.C“Spendable blockchain assets at the tips of your finger”

01

HWGG Capital P.L.C is founded in mid 2017, based in Federal Territory of Labuan, Malaysia. One of the

reason we chose Federal Territory of Labuan as the base for the company is due to:

• Malaysia is one of fastest developing nation in the world. • The Bank Negara of Malaysia is, in our view, open to the development of new blockchain solution

providers in the fintech industry. • Labuan Financial Services Authority provides relevant licenses and approvals for the conduct of

cryptocurrencies projects. • Southeast Asia is a market with huge growth potential. • Federal Territory of Labuan welcomes businesses with international market exposure.

Company Background

BLOCKCHAIN ECOSYSTEMS 02

Advisor Core Team Member Core Team Member

Pehin Sri Dato Lim Hui Boon

Pehin Sri Dato Lim Hui Boon

is the Group President of

Ho Wah Genting Group of Companies, Vitaxel Group (USA) Limited and Vspark Group. He has more than hospitality, property, resorts, travel and tours, manufacturing and fintech. He serves as the main advisor to HWGG Capital P.L.C in dealing with corporate exercises, strategies and financial aspects of the company's operation.

Gavin Lim Chun Hoo Chief Executive Officer

BA(Hons) in Finance and

Investment Management.

Prior to joining the group in2015, he started his career as a finance executive in a cable manufacturing company for 3 years before joining Public Bank Berhad as a stock broker. He is currently the CEO of Ho Wah Genting Group (USA) Limited. He is the key force in driving the company's blockchain projects overseeing the operation, development and marketing.

Yoshikazu Nishimura Chief Technology Officer

B.S. in Mathematics & M.S.

in Computational Molecular

Biology. Started career as a database consultant Oracle. Won the Best Innovation Award at Global Blockchain Summit 2016 in Shanghai.Published "Blockchain Application for Beginners - Smart Contract Development on Ethereum" (SHOEISHA in 2017) . He serves as the chief technology officer of the company overseeing the blockchain ecosystems development includingHwgX Wallet.

MoreBlockchain

Assets

The HwgX Wallet

BLOCKCHAIN ECOSYSTEMS 03

The HwgX Wallet is an initiative from

HWGGC to introduce blockchain

assets spending through users’

smartphone. Paired with the company’s own

utility blockchain asset, HWG Cash, it is our

vision to bring blockchain assets spending into

the mainstream and be accessible to the public.

The first version of HwgX will focus on storage

and transferability with additional function to be

updated later in the project roadmap.

HWG

We aim to launch the HwgX app, downloadable

for iOS and Android devices for free, from

August to September 2018 (with the specific

launch dates being subject to achievement of

the relevant milestones). Once the user has

downloaded the HwgX app, he/she can set up an

account by only entering his/her preferred

password. Smooth, simple, and safe.

The HwgX wallet is created for storing

and usage of cryptocurrencies only and

does not hold any fiat currencies at the

moment. However, it is in the pipeline of

our HWG LIVE project that we will enable

users to convert their cryptocurrencies

to fiat currency upon securing the

appropriate partners. Further, the user

can conveniently convert a range of

blockchain assets such as Ethereum,

HWG Cash and HWG LIVE from one to

another by simply using the HwgX Wallet.

A multi-cryptocurrency wallet will be created automatically, which the users can instantly fund in

using Ethereum (ETH), HWG Cash (HWGC) and any other ERC-20 Compliant tokens. The private

key to each HwgX Wallet is generated and attached to users’ mobile phones, thereby allowing users

to store their own private keys for enhanced security purposes.

BLOCKCHAIN ECOSYSTEMS 04

BLOCKCHAIN ECOSYSTEMS 05

A digital token backed by asset provides individuals and organizations with a robust, secure and

decentralized method of exchanging value while using a familiar accounting unit. Common reasons for

the limited mainstream use of blockchain assets are the lack of knowledge of the technology, insufficient

ease-of-use for non-technical users, and volatile fluctuation in pricing, making it almost impossible to be

used for instant settlements.

While HwgX Wallet is designed with ease of use in mind, HWG Cash is leveraging on the Ethereum

blockchain technology, to transact in familiar, less volatile manner. All HWG Cash tokens are ERC-20

Compliant, issued on the Ethereum decentralized smart contract platform so they exist as a smart

contract token. Each HWG Cash unit issued into circulation is backed in a one-to-one ratio (ie. One

HWGC : One USD) by the corresponding fiat currency unit held in deposit by our licensed entity HWGG

Capital P.L.C.

HWG Cash: Integrated digital-to-fiat currency on Ethereum blockchain

Our implementation has the following advantages for our users:

• HWG Cash is an ERC20 Compliant token that is built on the Ethereum blockchain, a popular decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

• HWG Cash can be used just like other cryptocurrencies like Bitcoin and Ethereum, ie. In a p2p, pseudo-anonymous, decentralized, cryptographically secure environment.

• HWG Cash can be integrated with merchants, exchanges and ERC-20 Compliant wallets.

• Assets exchanged for HWG Cash are held by HWGG Capital P.L.C, a regulated entity under the Labuan Financial Services Authority, licensed for fiat/cryptocurrency broking and issuance

of credit token.

• HWG Cash’s one-to-one backing implementation is easier for non-technical users to understand as opposed to collateralization techniques or derivative strategies.

• HWG Cash can be easily utilized by users and implemented by merchants/vendors to facilitate payment settlements without having to bear the volatility of price fluctuation.

• HWG Cash provides liquidity for blockchain asset users in the Asia region.

HWG Cash

Users can purchase HWG Cash from HWGG Capital P.L.C directly (issuance through our mobile app) or

from supported exchanges such as VHCEx who supports HWG Cash as a deposit and withdrawal

method. Users can also transact and store HWG Cash with any ERC-20 Compliant enabled wallet like

HwgX. Exchanges, wallets, merchants and vendors are encouraged to reach out to us about integrating

HWG Cash as a payment solution.

Here is review of each layer.

1) The first layer is the Ethereum decentralized smart contract. The HWGC transactional ledger is

embedded in the Ethereum blockchain as meta-data, with its nodes storing the most recent state

of each smart contract

2) The second layer is the HwgX Wallet. HwgX wallet implements a foundational technology that can: • Decentralized blockchain wallet with private key stored in users’ devices for personal securities.

• Track and report the circulation of HWG Cash via HwgX transaction history and in the Ethereum network via https://etherscan.io • Enable users to transact and store HWG Cash and other blockchain assets in a: • 2P, pseudo-anonymouse, cryptographically secure environment. • Multi-signature 3) The third layer is HWGG Capital P.L.C’s compliance to Labuan Financial Services Authority’s regulation and guideline for: • Accepting fiat deposits and issuing the corresponding credit token: HWG Cash • Sending fiat withdrawals and revoking the corresponding credit token: HWG Cash

• Grant (creat) and revoke (destroy) digital tokens represented as meta-data embedded in the Ethereum blockchain; in this case, asset backed digital tokens, HWG Cash. • Custody of the fiat reserves that back all HWG Cash in circulation

• Initiating and managing integration with existing blockchain wallets, exchanges and merchants (including currency exchanger and remittance providers)

HWG Cash Technology Stack

BLOCKCHAIN ECOSYSTEMS 06

Layer 1

Layer 2

Layer 3

Ethereum Blockchain

HwgX Wallet

HWGG Capital P.L.C

Other Features

HWGC Circulation

Records

Peer-to-peer Transfer and

Storage

DecentralizedBlockchain

Wallet

Other Services

HWGC on Exchanges

Integrationwith Merchants

LicensedEntity

HWGC to Wallet

Moneybroking for

Cryptocurrencies

Custody ofFunds

There are five steps in the business process flow of HWG Cash, best illustrated via a diagram.

Flow of Funds Process

HWG CashSent

HWG CashSent

HwgXUser

HwgXUser

HwgXMerchant

HWGG CapitalP.L.C.1 5

HWG CashIssued

2

3

HWG CashRedeemed

4

Fiat In Fiat Out

BLOCKCHAIN ECOSYSTEMS 07

The Flow of Funds diagram illustrates that HWGG Capital P.L.C is the only party who can issue HWG Cash

into circulation (create) and take them out of circulation (destroy) to ensure system solvency is

maintained.

User deposits fiat currency to HWGG

Capital P.L.C’s bank account.

HWG Cash will be generated and credits

to the user’s HwgX wallet. HWG Cash

circulating supply increases. Amount of

fiat currency deposited by user = amount

of HWG Cash issued to user (ie. USD

10,000 deposited = HWG Cash 10,000

issued)

Users transact with HWG Cash. The

users can transfer, exchange and store

HWG Cash via HwgX app or any ERC-20

compliant wallet.

The user deposits HWG Cash with

HWGG Capital P.L.C for redemption

into fiat currency.

HWGG Capital P.L.C sends fiat currency

to the user’s bank account.

1Step

2Step

3Step

4Step

5Step

Entertainment, Travel, Rewards and More

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HWGG Capital P.L.C is a part of the Ho Wah Genting Group of companies. Our group’s experience and

foundation were built from the travel and entertainment industry itself, catering to end market users

with different needs and wants ranging from budget to luxurious tailored program.

For many years we have been offering exclusive travel products, entertainment packages and rewarding

membership programs to the mass market. With increased competition in the travel and entertainment

industries, we believe innovation and adaption to new technologies are essential to keep our business

ahead of the tide.

With the launch of HwgX Wallet app and introducing our fiat-pegged HWG Cash tokens, we are in the

right path to incorporate the world of travel and entertainment with fintech for the benefit and

convenience of end-users.

Being a travel agency and junket operator ourselves, the company and associated partners will enable

the acceptance of HWG Cash as payment solution for all our products and services at launch. Users will

be able to utilize HWG Cash to transact for purchasing of tailor-made travel packages or even for

entertainment services provided by our partnering entities such as the Resorts World Manila,

Starcruises, Genting Dream and many more!

Exciting Travel Destinations

In line with our project roadmap, we will be launching a merchant payment system into the HwgX

ecosystem to provide users with more option and avenue of spending their blockchain assets aside from

travel and entertainment. Online and offline business would be able to use HwgX as a platform for

blockchain assets payment settlement to further expand their business without having to worry about

market risks such as price fluctuation and liquidity.

PAYMENTCOMPLETE

Merchant displayhis wallet QR codeaddress.

Scans merchantQR code and sendsuser amount.

Both merchant anduser receive paymentconfirmation.

HwgX QR Code Payment Process.

BLOCKCHAIN ECOSYSTEMS 09

On top of that, our HWG Cash tokens can be used as paired cryptocurrencies for exchanges. Exchange

operators understand that accepting fiat deposits and withdrawals using legacy financial systems can be

complicated, risky, slow, and expensive.

By offering HWG Cash, an exchange can relieve themselves of the above complications and gain

additional benefits, such as:

• Accept HWG Cash as deposit/withdrawal/storage method rather than using a legacy bank or payment provider

• Allows users to move fiat in and out of exchange more freely, quickly, cheaply

• Outsource fiat custodial risk to HWGG Capital P.L.C

• Easily add HWG Cash as trading pairs to the platform

• Secure customer assets purely through accepted crypto¬processes

• Multi¬signature security, cold and hot wallets, HD wallets, etc

• Conduct audits easier and more securely in a purely crypto environment

Exchange users know how risky it can be to hold fiat currencies on an exchange. With the growing

number of insolvency events it can be quite dangerous. As mentioned previously, we believe that using

HWG Cash exposes exchange users to less counterparty risk than continually holding fiat on exchanges.

CONTACT US

+603-2148 2288

Wisma Ho Wah Genting,35, Jalan Maharajalela, 50150 Kuala Lumpur.

www.hwglive.tech