Core Viewpoint - Derlin Holdings (01709) and Winner Fashion (03709) have entered into a strategic cooperation and investment agreement, with a focus on a tokenization plan for RWA [1] Group 1: Strategic Cooperation and Investment Agreement - The agreement is set to be completed on September 12, 2025, where Derlin Holdings conditionally agrees to subscribe for shares at the subscription price, and Winner conditionally agrees to issue shares at the same price [1] - The subscribed shares will represent approximately 0.65% of Winner's existing issued share capital as of the announcement date, and will also represent about 0.65% of the enlarged issued share capital after the issuance [1] Group 2: Financial Details - The total amount raised from the subscription will be HKD 29.9 million, with the estimated net proceeds after costs being HKD 29.6 million [1] - Winner intends to use the net proceeds for general working capital [1] Group 3: Tokenization Framework - The strategic cooperation includes an agreement on a framework for the tokenization of a portion of distributable profits intended for Winner's shareholders, calculated based on 10% of the audited revenue of Winner's main brand, NEXY.CO, for the fiscal year ending December 31, 2025 [1] - Final agreements will be negotiated, with further announcements to be made as necessary [1]

Core Insights - Derlin Holdings (01709.HK) announced a strategic cooperation and investment agreement with Winner, which includes conditional agreements for share subscription and issuance [1] - The total amount raised from the subscription will be HKD 29.9 million, with a net amount of approximately HKD 29.6 million after costs [1] - The net proceeds will be used for general working capital, and a framework for tokenization of distributable profits has been established [1] Group 1 - The strategic cooperation involves Derlin Holdings agreeing to subscribe for shares equivalent to approximately 0.65% of Winner's existing issued share capital [1] - The subscription proceeds will be based on 10% of the audited revenue of Winner's main brand, NEXY.CO, for the fiscal year ending December 31, 2025 [1] - Further agreements will be negotiated, with additional announcements to be made as necessary [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本 聯合公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 本聯合公告僅供參考，並不構成收購、購買或認購贏家時尚控股有限公司或 德林控股集團有限公司任何證券的邀請或要約。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：3709） EEKA Fashion Holdings Limited 贏 家 時 尚 控 股 有 限 公 司 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 聯合公告 戰略合作及根據一般授權 發行新贏家股份 須予披露交易－戰略合作及 認購新贏家股份 戰略合作及投資協議 贏家董事會與德林控股董事會欣然宣佈，於2025年9月12日（交易時段結束 後），贏家與德林控股訂立戰略合作及投資協議，據此，(i)德林控股有條件同 意於完成日期按認購價認購認購股份，而贏家有條件同意按認購價配發及 發行認購股份；及 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 於2025年9月12日舉行的股東週年大會 按股數投票表決結果 董事會欣然宣佈，於2025年股東週年大會上，股東週年大會通告所載所有提 呈決議案已獲股東以按股數投票表決方式正式通過。 股東週年大會按股數投票表決結果 德林控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈， 於2025年9月12日（星期五）舉行的本公司股東週年大會（「 2025年股東週年大 會」）上，本公司日期為2025年7月31日的股東週年大會通告（「股東週年大會通 告」）所載的所有提呈決議案（「提呈決議案」）已獲本公司普通股（「股份」）持有 人（「股東」）以按股數投票表決方式正式通過。 於2025年股東週年大會日期，已發行股份為1,750,848,877股 ...

Core Viewpoint - The article discusses the significant gap between the heated discussions around Real World Assets (RWA) and their actual implementation, highlighting the potential to bring trillions of dollars in physical assets into the blockchain space, thus initiating a new era of value interconnection [2]. Group 1: Compliance Costs - The compliance costs for issuing RWA are extremely high due to the "same risk, same regulation" principle adopted by Hong Kong regulators, which leads to initial RWA projects being concentrated in low-risk standardized products like money market funds and government bonds [3]. - Once RWA assets move beyond these low-risk products, compliance costs increase exponentially, as seen with Robinhood's attempt to tokenize standardized assets in Europe, which drew regulatory scrutiny [3]. - Many RWA projects in Hong Kong involve assets located in mainland China, adding extra regulatory costs related to sensitive data and cross-border capital [3]. Group 2: Investor Behavior - Currently, RWA projects in Hong Kong's sandbox are limited to qualified investors, primarily institutions, which leads to more rational investment decisions and reduces the likelihood of speculative behavior [4]. - An example is provided where a real estate token financing project failed due to the high premium over market value, demonstrating that qualified investors are less likely to take risks compared to retail investors [5]. Group 3: Future Outlook - The company expresses optimism about the future of RWA projects, citing the proven credibility of blockchain technology in providing decentralized trust and the potential for tokenizing quality assets to lower transaction costs [6]. - The ultimate goal is to democratize access to high-quality assets, which are currently monopolized by traditional financial institutions, aligning with the direction of Hong Kong's Web3.0 efforts [6].

Group 1 - Delin Holdings (01709) saw a significant increase in stock price, rising over 13% in the afternoon and reaching a price of 3.2 HKD with a trading volume of 437 million HKD [1] - The company announced a share subscription agreement with Asseto Holdings Limited and Pangu Software Pte Ltd, acquiring 77,400 A-class ordinary shares of Asseto, representing approximately 3.23% of its enlarged issued share capital [1] - Delin Holdings will also invest in Pangu, which operates a decentralized Web3 gaming platform and creates digital assets such as NFTs [1] Group 2 - In early August, Delin Holdings announced a placement to raise over 600 million HKD, with proceeds intended for strategic acquisitions and investments, as well as expanding its Real World Asset (RWA) tokenization business [1] - The funds will support the establishment of compliant virtual asset over-the-counter (VA OTC) and retail networks in Hong Kong and other regions, and invest in the ONE Carmel luxury residential project in the US to strengthen its position and network in Silicon Valley [1] - The company aims to enhance its financial product offerings, including the development of exchange-traded funds (ETFs) and quantitative investment strategies [1]

Core Viewpoint - Derlin Holdings (01709) has seen a significant stock price increase following the announcement of equity acquisition agreements with Asseto Holdings Limited and Pangu Software Pte Ltd, indicating positive market sentiment towards the company's strategic moves [1] Group 1: Equity Acquisition - Derlin Holdings will acquire 77,400 Class A common shares of Asseto, representing approximately 3.23% of its expanded issued share capital [1] - The company is also set to invest in Pangu, which operates a decentralized Web3 gaming platform and creates digital assets such as NFTs [1] Group 2: Fundraising and Strategic Investments - In early August, Derlin Holdings announced a placement to raise over HKD 600 million, which will be used for strategic acquisitions and investments [1] - The raised funds will support the establishment of compliant virtual asset OTC and retail networks in Hong Kong and other regions [1] - Investments will also be directed towards the ONE Carmel luxury residential project in the U.S., enhancing the company's position and network in Silicon Valley [1] - The company aims to expand its financial product line, including the development of ETFs and quantitative investment strategies [1]

Group 1 - Delin Holdings (01709) shares rose over 3%, currently up 3.25% at HKD 2.86, with a trading volume of HKD 144 million [1] - Delin Holdings announced the acquisition of equity in Asseto Holding Limited, with a post-transaction valuation of USD 40 million and ownership of 77,352 Class A common shares [1] - The company also invested USD 1 million in Pangu Software Pte Ltd to jointly develop a digital asset platform for tokenizing real-world assets (RWA) [1] Group 2 - Pangu operates a decentralized Web3 gaming platform, creating NFTs that represent in-game items, virtual land, equipment, and tokens [2] - The on-chain assets have liquidity, assetization potential, and cross-platform value transfer capabilities, aligning with the company's strategy to expand virtual asset management, trading, and tokenization [2] - Pangu's experience in developing and managing digital assets, designing economic incentive mechanisms, and attracting users will aid the company's growth in virtual assets and DeFi business [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 補充公告 Asseto已於穩定幣領域建立強大的戰略產業夥伴網絡，其中包括兩家正 籌備申請香港穩定幣牌照的實體。該等夥伴皆屬香港金融管理局穩定幣 「沙盒」計劃的早期參與者。其中一家積極與香港虛擬銀行合作開展跨境 試點項目，致力推動可編程支付與結算解決方案；另一家則為中國領先 電商集團的金融科技分支，在於香港開發穩定幣解決方案中扮演關鍵角 色，其核心原則為重視透明度、強健託管機制及儲備金披露。透過該等合 作關係，Asseto得以取得關鍵穩定幣基礎設施與監管專長，支持其參與香 港日益擴大的代幣化金融市場中受監管穩定幣及合規數字資產解決方案 的開發及未來供應。 認購價概覽及基準 (1)認購ASSETO HOLDINGS LIMITED股權；及 (2) ...

公司名稱: 德林控股集團有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01709 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...